MightyMO : Rob The Stock Markets Blind: Monday Monday

Sunday, July 28
/////////////////////////////////////////////////////////////////////////////////////////////////////////////////

.
My real account live portfolio

(also shown in larger window at bottom of this blog)

The Daily Log

Out today, will be back tomorrow

Ed Vebell illustration to “Loneliness Is Dangerous” by Harry Coren. “Alone in the midst of millions, the girl, who longed to talk to someone, stood on her fire escape as the voices of others, enjoying the companionship denied her, drifted up through the night.” Sunday Mirror Magazine, August 14, 1955.

Centralia, Penn was once a booming mining town, but after a mine fire broke out beneath the town in 1962, the population dwindled to 10 residents as of 2010. The fire still burns to this day. This town was the inspiration for the town Silent Hill

Black Cat Moon

This pic has meaning to me. One of my sons writes novels and poetry. One of his main characters was named Blackcat Moon.

Famous Lady.

I was never used to being happy, so that wasn’t something I ever took for granted. You see, I was brought up differently from the average American child because the average child is brought up expecting to be happy. I was a mistake. My mother didn’t want to have me.”

“When faith has entered the front door of our hearts, fear goes out the back.”

Famous ladies.

mitzi gaylor

The Nineteenth Amendment to the U.S. Constitution, which gave American women the right to vote, represented the culmination of several decades of struggle.

Dylan Thomas. These poems, with all their crudities, doubts, and confusions, are written for the love of Man and in praise of God, and I’d be a damn’ fool if they weren’t.

Famous Lady.

Nancy Green a former slave, was employed in 1893 to promote the Aunt Jemima brand by demonstrating the pancake mix at expositions and fairs. She was a popular attraction because of her friendly personality, great story-telling, and warmth. Green signed a lifetime contract with the pancake company and her image was used for packaging and billboards

Charles Bukowski

“People are strange: They are constantly angered by trivial things, but on a major matter like totally wasting their lives, they hardly seem to notice.”

Famous pinup lady, Bettie Page

Bettie Page—looking just a little less glamorous than we’re used to seeing her. The iconic 50s pin-up model was arrested in Hialeah, Florida—-following a wild domestic dispute with her ex-husband Harry Lear.

Bettie was arrested on 28th October 1972. Police answered a call placed by Harry, when they arrived on scene that found him and Bettie out on the front yard with Bettie hitting Harry, repeatedly punching and verbally attacking him.

Bettie would stay at Jackson Memorial hospital, a state mental care facility for six months spending most of the time under suicide watch. Harry would come and visit her regularly reassuring her that there would be a place for her to come back to if she wanted it. When she finally left the hospital she left a changed woman, she took up Harry’s offer and moved back in.

famous lady Hillary Clinton

Hillary Rodham was just 27 when she married Bill Clinton at their home in Fayetteville, Arkansas on Oct. 11, 1975.

Famous lady Mrs Theodore Roosevelt

Edith Kermit Carow Roosevelt

My real account live portfolio

News

THE STOCK MARKET INDICATOR

"What seems too high in price and risky to the majority usually goes higher eventually, and what seems low and cheap usually goes lower." This famous statement is from William O'Neil in his best selling book, How to Make Money in the Stock Market.

There are numerous indicators measuring everything from sentiment to fundamental ratios to technical chart patterns. Every one of them is subject to interpretations which can result in incorrect decisions.

Even if some of these indicators had predictive value, on any given day there are so many potential news events that could change market direction that it is impossible to keep track of them all.

But there is one indicator, one core piece of information, that is always up to date and always correct. That piece of information, is price. And particularly the closing price at the end of every trading day. All the news, inside information, economic and fundamental data available, is reflected in that closing price. Price is the ultimate stock market indicator.

The buying high price strategy works whenever the market is accommodating and the market is certainly in an accommodating mode.

THE FEDERAL RESERVE SYSTEM AND MARKET DIRECTION

My approach has always been to ignore the predictions and forecasting from the market media and tune in to the music from the Federal Reserve and stay with the trend. I have found out after a very long experience in the stock market, is to never fight the FED. As you all know, the FED implemented a process to rescue the US economy from the brink of a depression starting in 2008. It consisted of buying bonds and risky assets to pump money into the economy. It has been known as QE. Even with all the criticism , the economy has managed a recovery with unemployment declining, with the economic numbers pointing to further expansion and the housing market has definitely improved. ------------------------------------------------------- My MAJOR stock market axioms.

1. If the stock you purchased is going the wrong way, YOUR BEST AND SMALLEST LOSS IS YOUR FIRST LOSS (cut your losses short)

2. As best as you can, the market can be very volatile, NEVER LET A PROFIT BECOME A LOSS (sell before it drops below your cost basis)

3. Be on the lookout for stocks hitting their first 52 week high or all time high. The chances are excellent it will continue to hit new highs. BUY WHEN A STOCK HITS IT'S FIRST HIGH. A STOCK'S FIRST HIGH IS USUALLY IT'S LOWEST HIGH

4. Don't hesitate selling a stock if the trend has changed or market direction has changed. DO IT FAST.

5. When you have a winning stock, buy more of it and add to position. LET YOUR PROFITS RIDE.

6. IF you are in a position where you can't watch the market, sell your positions. One can always buy back the stocks.

7. Do take advantage of market irrationability. There are excellent opportunities when this happens. I will be relating these opportunities in future postings. It is the basis for the ROB the Markets Blind portion of my strategy.

8. Avoid people who are overly negative on the market. They don't make money consistently and you won't either. (Joe Granville was negative on the market for ten years (1990-1999) during one of the best 10 year bull stretches in history).

9. You're not in a contest to see how many picks you got right. Remember you goal is to make an overall profit.

10. NEVER, DON'T EVER, FIGHT THE FED

Monday Monday

No comments:

Post a Comment

Total Pageviews