Mav
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Post by Mav on Feb 1, 2013 15:29:10 GMT -8
C'mon iPad. Why aren't you showing your SCARY DAY TRADER FACE? ;D Don't fight the tape, and all that.
As horribly beaten up as I am, I'm just trying to pick some half-decent setups here and there. Cash flow trading mode. The rally's hated, sure, but there _may_ still be juice left in it. LVS to me may actually just be getting started (absolutely beautiful 2-day bull flag and on the verge of an MACD-h daily crossover), which is why I decided on a re-momo. Could be wrong, but I can deal.
The SPY short will have to wait until the 8-day EMA gets convincingly broken. Until then, I think there's still uptrends to carefully trade.
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Mav
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Post by Mav on Feb 1, 2013 15:39:20 GMT -8
440 >> 453 this week.
So on the whole, not bad. Three trendlines, all holding.
In terms of formations, I'm mildly bugged by the H&S that you can see on a 5-day chart (like on Yahoo! Finance), but the H&S is not necessarily a sure-fire pattern by any means. See the SPY, after all.
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Post by mbeauch on Feb 1, 2013 15:39:26 GMT -8
I need a drink or ten after seeing every frickin stock up at ATHs!! No EO action today HUH? Tammy has two tax deferred accounts at work. One a 401k, the other a profit sharing account. These are not brokerage accounts. I rebalanced one of them today. One of the funds I had her money in was up 17% YTD, pulled 50% of its allocation and moved some funds into a fixed fund. Although I still feel the market is being pulled up by the ATH's, the air will come out soon. Today annoyed the hell out of me.
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Post by wheeles on Feb 2, 2013 4:18:57 GMT -8
I need a drink or ten after seeing every frickin stock up at ATHs!! Well, we can see where the money that was in AAPL has gone. When all that stuff starts to drop, where's the money going to go? Into the beaten up stocks, of which AAPL is most definitely one.
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Post by lovemyipad on Feb 2, 2013 8:52:30 GMT -8
I need a drink or ten after seeing every frickin stock up at ATHs!! Well, we can see where the money that was in AAPL has gone. When all that stuff starts to drop, where's the money going to go? Into the beaten up stocks, of which AAPL is most definitely one. Concur. Flying home from sunny Florida today...back to snow and ice!
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Post by lovemyipad on Feb 8, 2013 15:24:26 GMT -8
to a higher close than this time last week!!! I'm exhausted...I need a nap...
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Mav
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Post by Mav on Feb 8, 2013 15:39:15 GMT -8
Not SO painful.
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Mav
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Post by Mav on Mar 2, 2013 16:09:25 GMT -8
Thanks, Dr. Mav. P.S. You aren't a strawman. You're damn smart with enviable natural instincts. I am friggin' broke compared to the beginning of last year and I will relentlessly beat myself up/hold out for a miracle upswing/see my account get back to even/something like that before I regain confidence in my "abilities" again. But at least I can measure the composure of AAPL as I continually fail to trade it right. The EWC is like a monkey that typed out a whole chapter of Hamlet perfectly by random chance.
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Post by lovemyipad on Mar 2, 2013 16:22:32 GMT -8
LOL re: monkey analogy...and it hurt my throat to LOL too! And sorry, but I really can't condone you beating yourself up too badly when I'm fairly certain the "old Mav" would have gone all-in Evel Knievel at 680 and would never have parted with any precious AAPLs at any point in this downwave, all the while spewing the gospel of skating to where the puck SHOULD be going; consequently, having NO dry powder at the moment. So there.
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Mav
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Post by Mav on Mar 2, 2013 16:29:07 GMT -8
iPad, will you please stop comparing me to a Mav frozen in...hmm...October 2008? ;D I should mention that Mav '09 dragged his sorry ass back to even...lifetime...with a fateful long bet sometime between then and April 2009. But anyway, the frustrating thing is, I _think_ I'm smarter in 2013, but it ain't showing one bit! Where I would LIKE to live (hybrid momo/swing trading) and where I think I actually AM (swing-intermediate-fundamentals/technical trading - which isn't working for AAPL at all right now) could be a huge part of the problem.
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Post by mace on Mar 3, 2013 8:18:45 GMT -8
You guys reaffirm my belief that trading and gambling is bad for health unless you enjoy it and don't bet too big that destroy your financial independence. Well, no matter what happen to AAPL, I still have 4 houses and plenty of cash.
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Post by lovemyipad on Mar 3, 2013 10:47:03 GMT -8
Mace, trading didn't make me sick -- I caught whatever bug my hubby had last week that kept him home from work (never happens) for two days. I hear it's been a nasty flu season in my neck of the woods. That said, I only trade because I (still!) love it, and I concur that no one should ever bet the farm (I have never!). When I heard that expression "go big or go home" applied to trading, I said, "Nonono! Go small, and keep your home!" Diversification is touted for good reason, and Cash remains King.
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Mav
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Post by Mav on Mar 3, 2013 11:39:56 GMT -8
Have pity on those of us who have neither 4 houses nor plenty of cash.
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Post by lovemyipad on Mar 3, 2013 11:43:40 GMT -8
Mav, you have something money can't buy: YOUTH!!!
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Mav
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Post by Mav on Mar 3, 2013 12:16:45 GMT -8
Losing it! Quickly!
Not terribly young either. But I do know that when AAPL is in better shape, I'll be ready to try and make some dough.
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Post by appledoc on Mar 3, 2013 12:17:46 GMT -8
Can I day trade my youth? I have a lot of it.
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Deleted
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Post by Deleted on Mar 4, 2013 2:48:09 GMT -8
Add to list of WANTS: salty almonds!!! For me its a glass of very cold milk and a generous slice of marion berry pie. But, I can't have the pie (on low carb diet) so I'll forego the milk. That makes it 18 year old Glenfiddich time, and some exotic cheeses.
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Mav
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Post by Mav on Mar 28, 2013 13:00:38 GMT -8
The bar is open! And may I be the first to say: SOMEONE(S)* NEEDS TO BUY THIS F-ING STOCK!!! *besides us (Aren't you buying puts right now?) I kid, I kid. I hope?
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Post by lovemyipad on Mar 28, 2013 14:44:50 GMT -8
(Aren't you buying puts right now?) I kid, I kid. I hope? Um... You know the answer to this, right? I bought puts @ 460-465. (Divergences!) And one of these days my disaster insurance will surely STOP returning better than the friggin core stuff I keep hedging.
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Post by lovemyipad on Mar 28, 2013 14:50:44 GMT -8
Mav, I moved our posts ^^^ into here.
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Mav
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Post by Mav on Mar 28, 2013 15:25:20 GMT -8
Gotcha. Short memory. Good move on the hedges, it's just not something I have conviction to do.
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Post by lovemyipad on Mar 28, 2013 17:41:11 GMT -8
Mav, it's more like defensive driving. If I had REAL conviction, I'd be net short.
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Post by lovemyipad on May 31, 2013 16:17:08 GMT -8
One lousy day vs. still-solid technicals. I guess we'll see how the markets handle China's PMI number, since that's the biggest market-mover I'm aware of in the immediate future. The SPY potential H&S doesn't bother me...unless of course the SPY power-bounces on Monday and burns my hedge for the millionth time. Been there, felt that!
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Mav
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Post by Mav on Aug 20, 2013 16:56:52 GMT -8
iPad, I always wanted to ask you! What's a Moving Day Average? ;D ;D ;D
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Post by lovemyipad on Aug 20, 2013 16:57:39 GMT -8
ROFLMAO!!!!!!!!!!!!!!!!!!!!!
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