shillllihs
6,090 posts
msg #133309
- Ignore shillllihs |
12/20/2016 9:24:41 AM
There goes dust, maybe. Ride it.
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shillllihs
6,090 posts
msg #133313
- Ignore shillllihs |
12/20/2016 10:04:48 AM
shillllihs
2,542 posts
msg #133050 12/5/2016 7:27:43 AM
There will be no major bounce in VIX until XIV goes over 50.10
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Spot on ace.
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pthomas215
1,251 posts
msg #133314
- Ignore pthomas215 |
12/20/2016 11:09:24 AM
shillihs, indeed you called that one. Playing XIV long each day at open pays off. for some reason, Gold inverse ETFs like DUST and JDST really gap up. XIV makes more moves after the bell.
Do you have any of your stuff with Will Danoff or do you manage everything yourself?
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shillllihs
6,090 posts
msg #133315
- Ignore shillllihs |
12/20/2016 11:31:47 AM
He's too boring for my taste. I'd rather follow you.
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pthomas215
1,251 posts
msg #133316
- Ignore pthomas215 |
12/20/2016 11:34:09 AM
ha ha well, lately if you follow me you are gonna lose money! I went to Harvard with him. I do indeed recommend Contrafund until the January effect. but as you say, it is nothing glamorous.
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shillllihs
6,090 posts
msg #133317
- Ignore shillllihs |
12/20/2016 11:42:06 AM
Truth is, I can beat his return 10 fold. The problem is if I follow him or if I follow me, will I have the patience
to stay with the plan. I can return 25% in a month then shut it off for 11 months, but will I?
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pthomas215
1,251 posts
msg #133319
- Ignore pthomas215 |
12/20/2016 12:07:04 PM
I know. No, you wont. Because if you really love trading/investing, it is in your blood and when it is you always want to get in when you see a fantastic set up. Im a real estate guy new to this, and I would say my biggest problem is patience during dips.
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shillllihs
6,090 posts
msg #133321
- Ignore shillllihs |
12/20/2016 12:47:44 PM
My goal for the New Year is to look at everything in terms of weeks and months and not days, also to focus more on position sizing. Going all in when you think you reached a bottom can be treacherous.
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Kevin_in_GA
4,599 posts
msg #133324
- Ignore Kevin_in_GA |
12/20/2016 1:23:53 PM
Position sizing is very smart - focus on how much you are willing to lose, then use the natural volatility of the stock or ETF to determine the size of the bet. Example - if you are willing to lose up to but no more than $1000 on any given trade, and you want to take a position in one of your typical leveraged ETF trades, you can approach it as follows and adjust your thresholds to meet your own tolerances and objectives.
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pthomas215
1,251 posts
msg #133326
- Ignore pthomas215 |
12/20/2016 2:48:38 PM
Thank you both. Both comments help a lot. what a great filter Kevin.
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