Our site: Stock Market trading / live portfolio, beautiful art, beautiful photos, classic cars, top vintage pictures, movie top 10, beautiful towns and of course beautiful ladies
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Winning is ... finding Momentum , grabbing it, profiting from it, and then releasing it.
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The 'portfolio' will follow 'The daily log'
The 'portfolio' will follow 'The daily log'
Daily Log
The Daily Log
Tuesday
Hi everybody, I am in the process of transferring funds over to another trading platform. Using my current methodology, I am doing quite a bit of active trading. To lower my commission cost, I am going to a platform where the broker only charges a flat $3.95 per trade. I will keep my current broker for certain transactions such as the free commission trades on a multiple of ETF's and Funds. So for awhile, my portfolio will see a $8.95 cost per transaction and eventually a $3.95 cost per transaction when I switch over. I also want to 'test' out the new broker platform to see how well it works so again some trans will show $8.95 and others will show eventually $3.95. However, the new broker allows new clients like myself 100 free commission trades...so I will take advantage of this. So shortly, on my portfolio it will be zero cost on some of the trades and 8.95 on others and eventually, hopefully 3.95 per trans ongoing.
Questions to Mo.
"When to sell a stock ? "
The best reason for selling a stock is when it stops going up, or worse, starts going down. Of course, it's more complicated than that. I have two major rules I try to follow, "Cut your Losses Short" and "Never let a profit turn into a loss". Along those lines, "Don't fight the FED". By the way, if you sell a stock and get whipsawed, and you still like the stock, you can always buy it back. Another reason to sell is because you find another better opportunity.
"Mo, when a stock goes in the direction I like, what do I do? "
Buy more. The right way to do it is to pyramid. It does well. Buy another lot. Of course, unexpected things could happen. When you think you are overloaded on a stock, take some profit off the table or take profit because there's a better opportunity elsewhere. Many people don't sell for a profit because of tax liability. I get around that by trading in ira tax deferred and tax-exempt accounts.
"Mo, your method of buying first based on price action and analyzing afterwards is quite unorthodox. How do I get started in doing this? "
The way to learn is simply to try it. Try it one stock at a time. Try it first with small positions. You should end up being pleasantly surprised how well you perform. After awhile you will be able to distinguish between good or poor buying, manipulations, false reactions... in other words you will experience the market and learn from it. Many people trading/investing in the stock market think they are smarter than the 'tape' price. Take advantage of them. Of course, one needs to have ongoing access to the market... that's easy in today's world of mobile devices. You can also follow my live portfolio transaction moves here on this site and on stocktwits. However you eventually want to do it on your own. By the way, I do recommend doing the analysis after you buy which might allow you to consider buying more or moving out of it or give you an idea of when to sell.
"Mo, I currently have a sizable loss on a stock, when can I do?
Sell. Accepting a loss is the best thing anyone can do. Selling for a loss is the hardest action for most people to do. Accepting a loss promptly is one of the key factors to be successful. It is a major mistake to even think that what goes down must come back up. Anytime, in your mindset, you tell yourself 'I hope' and 'wait until it comes back to even'... anytime you say that to yourself, you must sell immediately!
8:32am Sold TSLA
8:40am Sold NFLX
8:55am DATA added to position ..50 shrs
9:00AM Opened a position on TXTR.. 150 shs
5:00pm cst Another winning day. I went to my 'antique and collectibles' booth to check on current status action today. Just let me say this, "people will buy anything". One's junk is another's treasure!
The portfolio will show current annualized rate of return on the top and bottom after market close. It is not updated until after market close.
QIHU matriculated upwards nicely today to 81.55 . DDD felt no pain as it bloated to a share price of 52.94.
Gosh I feel naked without owning TSLA or NFLX ?
I need to buy into at least one of them Wednesday..........................
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: Annualized rate of return calculation.
It is shown on the first and last page of the portfolio spreadsheet. It is based on an average portfolio cost basis of $80,000. More times than not I am below that amount. My rules as stated at the beginning of our blog site is that I will not have more than $100,000 at risk at any given time and no more than 12 equities in the portfolio.
My annualized return is based on a 365 year, the formula is provided by Google Drive spreadsheet software.
The rate will be calculated each day after market closing. I might add a second rate of return based on an average equity cost of $85,000 or $90,000 if I start putting more money in at risk. Right now , $80,000 is an average on the high side.
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My real account live portfolio (started Mid May 2013) This same portfolio is shown in a larger frame at the end of this posting
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Price... follow the Price.. Money does and money flows to where money grows. I don't care about moving averages of any kind or flavor. I have no clue what oversold or overbought means nor do I care. Even volume numbers can be deceptive. I look at Price. Price is the result of the entire spectrum thoughts of those who are buying and selling stocks. Price is true. Price is honest. Price at any given time provides the result of anyone's and everyone's analysis, comments, posts, blogs, manipulations, media news, etc etc etc. I don't have the time or inclination to purchase an entity and see if it's a winner in 5 years. My preference is to find out in 5 minutes. I love to purchase a stock that hits a first time new high, whether the new high is a 52wk high, a yearly high, an all-time high ..because... the odds are that it's more than likely to continue to hit even more highs. The 'first new high' is likely to be the lowest high.
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Are you watching the right stocks ?
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I
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...In case you would like to follow our stock trades up to the very minute. I try to 'print' the trade within a minute or seconds on 'Stock Twits' (STOCKTWITS.COM) before I update them on here. You can follow me on stock twits by going to stocktwits.com and signing in (it's free). Then follow ROBMARKETBLIND.
Pictures
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Painter/Painting of the Day
John Robert Peck-Viola
Paintings by PİNO ( Giuseppe Dangelico )
.... noted for his exceptional ability to capture the movements and expressions of his subjects.
PINO - Dreaming Madrid
Raphael Soyer
Russian-born American painter.. He is identified as a Social Realist because of his interest in men and women viewed in contemporary settings which included the streets, subways, salons and artists' studios of New York City
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LADIES OF THE DAY
Classic Auto of the Day
Thought for the Day
It's August and it's hot
Famous vintage picture : Jane Russell
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