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Title: Gatlins Stock tips and money advice
Source: [None]
URL Source: [None]
Published: Feb 5, 2018
Author: Hopefully Gatlin
Post Date: 2018-02-05 18:32:47 by A K A Stone
Keywords: None
Views: 19578
Comments: 167

You wanna get rich? You just might if you follow this advice.

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#30. To: A K A Stone (#6)

what would you buy?

Depends on what your objective is.

For 1000 you could get a nice start in keeping these...

Albeit, keeping them does require actual work. Just having the tools doesn't guarantee success.

VxH  posted on  2018-02-06   13:30:54 ET  (1 image) Reply   Trace   Private Reply  


#31. To: A K A Stone (#0)

Obviously Gatlin knows quite a bit about trading, technicals and technicalities. If he has steadily profited over many years then he is obviously an expert at what he does, and good for him!

That does not mean that a layman who does not have the knowledge he has can simply go out and replicate what he does by buying the same things and selling the same things.

Sure, if individual trading were simply an algorithm, whereby what one person (say Gatlin) does with knowledge, savvy, and understanding not only of why he is doing what he is doing, but also why he is choosing THAT particular path instead of the other universe of possibilities, and what he is thinking of doing next, then it would be possible to replicate what he does in real time.

But we're not algorithms. When he is making his decisions in real time, he is doing so based on a whole skein of unseen judgments, considerations, weighings of opportunities and risks. He then casts his line at a certain specific moment, and from the sounds of it, catches some good fish.

But all we can do without the expertise is ape the move, at a different moment in time, when the sight picture has changed. Perhaps Gatlin would not have made the same investment at that moment.

I will stand by what Warren Buffett said and I paraphrased: don't invest in what you don't understand. Gatlin understands more things than other posters here. HE can do it because he understands the risks. Most of us don't. We can't do it. If we're going to dabble in such markets, we should do so with professional advice - and we should take the price we pay for professional advice into the calculation of what our return will be. Gatlin will take home more on the same trades, because he is doing it himself. Those of us with less experience won't take home as much, because a professional has to be paid a fee for us to do it.

Of course we can roll the dice, but that's not the sort of advice I would give. I've had too many disasters and sudden changes of fortune roll through my life to be willing to gamble more than my couple of dollars for a single lottery ticket with a big jackpot. Wealth preservation is more important to me than shoot-the-moon growth.

I think that if you "wanna get rich", the question has to be asked "at what risk of losing?" and "how much are you willing to lose?" and "over what time frame?"

I certainly skew much more conservative than anybody who invests in Bitcoin. That doesn't mean that it's "wrong" to invest in Bitcoin. It means that it's wrong for somebody like ME to invest in Bitcoin.

Knowing yourself well, knowing who you are, what you want, what you need, what the price of things is, and knowing your tolerance for risk and desire to sleep at night is important.

And that should be taken into account by anybody giving advice on the Internet, even to strangers.

AKA Stone asked an interesting question. Different folks have different views. I admire folks who can do what Gatlin represents himself as doing, and I have no reason to disbelieve him. I do know that that way is not for me - I lack the expertise, the knowledge base, or the desire to acquire knowledge of those skills.

I also know there is more than one way to skin a cat, and was giving practical advice that I think should apply to everybody.

Don't invest in what you don't understand. Who can reasonably argue with that? Gatlin UNDERSTANDS what he's doing, at least to my eyes. Do you? Do any of us? If yes, then perhaps emulating Gatlin is the best way to get rich fast. If not, then I was suggesting other routes, other ways to look at things. To quote Warren Buffett again: “Risk comes from not knowing what you're doing.” And now to quote Clint Eastwood: "A man's got to know his limitations." I do. And if we're talking about money and investment, I would advise everybody else to know his too, and to not invest in what he doesn't understand. (Yes, I'm still annoyed at having been ridiculed here for having repeated that VERY sound advice).

For a single $1000, not part of a broader plan, I suspect that a $500 sunlamp used regularly will probably add a couple of years to most Americans' lives, because as a people we are so deficient in Vitamin D, and Vitamin D is crucial to just about every system in the body. People with high levels of Vitamin D are healthier, happier and longer-lived than people without. That's why I suggested the Sperti sunlamp as an INVESTMENT if one has a mere $1000 to invest. Most busy people cannot go outside and strip to their underpants for 20 minutes in the midday sun. Most people who live north of North Carolina wouldn't want to try that in winter. But 3 minutes in front of a Sperti lamp will get that same amount of Vitamin D, and save tens of thousands in medical bills over time, and is do-able.

Lateral thinking about money is important. If you're going to sell a house soon, are you better off spending $1000 to buy a few shares of stock, or $1000 to have a gardener come in and put beds of summer flowers in the backyard? $1000 buys a lot of cheap flowers, and makes the property much more inviting and desirable - and easier to sell, at closer to the posted price. Spending $1000 to get $5000 higher on a home sale is a fantastic investment.

Think about what you know. There may be places in life where a $1000 capital investment will produce much more in long-term gains, and you get to actually live with and enjoy the benefits of your investment while you're accumulating the longer-term gains.

That's all on-topic.

If we JUST want to focus on businesses, then investments in small private businesses that due diligence shows are likely to succeed may bring a much more substantial return than any investment in marketable securities.

If we only want to limit our discussion to marketable securities, to wit: stocks and bonds, we can do that too.

The subject matter proposed is vast, and all of it is worth talking about, respectfully and thoughtfully, for everybody's mutual benefit.

Calling me an idiot, an asshole and mocking what I wrote - even where it came straight from Warren Buffett - would make this thread a waste of time. I'm not trying to waste anybody's time here. I believe I am giving good, pragmatic, conservative advice that anybody can use. And I don't think that trying to have a straight and relatively serious conversation on this topic warrants my being bullied or treated like shit. It makes me think that the people who have done that so far are ignorant shitheads to whom nobody should listen for actual money advice.

Listen to anything I have said so far, and you will not get rich quick, or at all, on just $1000. But you won't piss your money down the drain either.

Vicomte13  posted on  2018-02-06   13:31:15 ET  Reply   Trace   Private Reply  


#32. To: VxH (#29)

Vicomte13  posted on  2018-02-06   13:32:39 ET  Reply   Trace   Private Reply  


#33. To: Vicomte13 (#32)

VxH  posted on  2018-02-06   13:41:11 ET  Reply   Trace   Private Reply  


#34. To: Vicomte13 (#32) (Edited)

VxH  posted on  2018-02-06   13:42:04 ET  Reply   Trace   Private Reply  


#35. To: Gatlin (#28)

Tell me, please....was that an intentional setup. It looked like it had to be because it was so beautifully effective.

My compliments ...

It wasn't intentional. I agree a lot with Buffett, and I've internalized some of his thoughts over the years. I am a conservative and cautious person, in part because when I was young, dumb and full of hubris I invested in things I did not understand and I got lucky, and I also got burnt. I never stop learning.

My problem here is that you're trying to impart actual advice - and idiots who apparently know nothing come in and ridicule you out of animus. What a waste.

I have less sophisticated advice, but solid advice nevertheless, and assclowns who carry their personal animus against me from thread to thread show up to piss all over it.

In that particular case, the monkey who flung poop at me was actually calling the Oracle of Omaha a fool regarding investment. So he made a fool of himself, and I was more than happy to point it out.

Wouldn't it be swell if we could just discuss investment and philosophy of money on a thread, without disruption by nasty people?

I'm determined to do that, because the subject interests me. Seems like you make a good living doing just this. You yourself know that only Hillary Clinton could really get rich on a mere $1000 - that to go huge with THAT little money takes one of two things: (a) a lottery win (hence my $4 a week on a PowerBall and a MegaMillions ticket, the price of a dream), or (b) Clinton-style corruption.

To that I might add (c) Time. With enough time, the skillful investment of $1000 with reinvestment of the gains from the investment could indeed build up to a large pile of wealth.

And all of that is worthy of a discussion of the philosophy of money.

"You're an idiot for thinking like Warren Buffett" is not helpful. "You're a joke for having an interest-bearing mortgage" is similarly useless.

It is difficult for me to be insulted and not respond. But I'm really going to try on this thread, because the subject matter here is vital, and some really good advice can be shared here, I think.

If it get buried in bullshit that will be unfortunate.

Keep posting your expertise. I'll keep posting my own practical advice. I would advise any young person who is really interested in finance to learn ALL of it, the conservative, "wisdom of the ages", don't forget that your own health and your home are ALSO investments, sort of pragmatism that I provide, and also the trading insight you have.

A person who really mastered this subject would never have to have a boss.

Vicomte13  posted on  2018-02-06   13:43:31 ET  Reply   Trace   Private Reply  


#36. To: VxH (#33) (Edited)

I get that you have debt you haven't paid off.

LOL.

It's called a mortgage. Most people have one.

Mine has an effective interest rate of 1.392%, so if I can earn a steady fixed rate of after tax return of greater than 1.392%, it does not make sense for me to pay that particular debt off at any greater speed than I do.

As inflation kicks in, the cost of paying back the mortgage over time decreases further and further, because when inflation is above 1.392%, the value of the principal invested in the house shrinks with the 2002 dollars that bought the place, but the eventual resale value of the property rises.

I operate on logic.

Vicomte13  posted on  2018-02-06   13:44:15 ET  Reply   Trace   Private Reply  


#37. To: VxH (#34)

Vicomte13  posted on  2018-02-06   13:45:09 ET  Reply   Trace   Private Reply  


#38. To: Vicomte13 (#35) (Edited)

VxH  posted on  2018-02-06   13:47:14 ET  Reply   Trace   Private Reply  


#39. To: Vicomte13 (#37) (Edited)

VxH  posted on  2018-02-06   13:48:41 ET  Reply   Trace   Private Reply  


#40. To: Vicomte13 (#36)

VxH  posted on  2018-02-06   13:57:31 ET  Reply   Trace   Private Reply  


#41. To: VxH (#38) (Edited)

Vicomte13  posted on  2018-02-06   14:09:39 ET  Reply   Trace   Private Reply  


#42. To: Vicomte13 (#41)

VxH  posted on  2018-02-06   14:26:02 ET  Reply   Trace   Private Reply  


#43. To: Vicomte13 (#41) (Edited)

VxH  posted on  2018-02-06   14:33:07 ET  Reply   Trace   Private Reply  


#44. To: Vicomte13 (#35)

VxH  posted on  2018-02-06   15:14:53 ET  Reply   Trace   Private Reply  


#45. To: All (#41)

So much for the subject matter of this thread, eh?

Vicomte13  posted on  2018-02-06   15:25:05 ET  Reply   Trace   Private Reply  


#46. To: Vicomte13 (#45)

VxH  posted on  2018-02-06   15:54:34 ET  Reply   Trace   Private Reply  


#47. To: A K A Stone (#0) (Edited)

VxH  posted on  2018-02-06   16:06:38 ET  Reply   Trace   Private Reply  


#48. To: Vicomte13 (#31)

You have made a number of excellent points that should be given due consideration. I find nothing to disagree with in our post. Mainly, I suppose. because I wasn’t looking specifically to find something to disagree with. Which appears to be the main intent and sole reason for the presence by some posters on LF....argumentative disruptions.

I did find two things that held my interest.

The first point ...

I think that if you "wanna get rich", the question has to be asked "at what risk of losing?" and "how much are you willing to lose?" and "over what time frame?"

I have never had a desire to get rich. The idea just simply never occurred to me. My foremost thought from the beginning in 1965 has been to preserve my capital. My motivation was to always to minimize loss. I believe that many investors think investing too aggressively is the way to go. I set each goal low so as to make sure it is attainable and not just a pipe dream. Once I attain that goal....I set the next one a little higher.... but again, also low. I am the proverbial “Old Bull” it this tale.

The next point ...

My dentist for 38 years is a firm believer in the Warren Buffett principal investment strategy and has been for many years. I paid a visit to his office last week where we always find time between his dental tasks to discuss investments and politics. I learned that his investment profits exceeded mine last year. But we both have two different time constraints....I have none and he can only work on his investments at night or weekends. Both of us are pleased doing what we individually chose to do. I enjoy the daily challenges and he is satisfied with slow progressive stability. Reading your mention of Warren Buffet made me recall this and I felt like sharing the moment and in some way acknowledging Warrant Buffet for his great accomplishments.

Gatlin  posted on  2018-02-06   17:39:34 ET  Reply   Trace   Private Reply  


#49. To: Gatlin, Vicomte13 (#48) (Edited)

VxH  posted on  2018-02-06   17:51:19 ET  Reply   Trace   Private Reply  


#50. To: Vicomte13 (#36)

Mine has an effective interest rate of 1.392%, so if I can earn a steady fixed rate of after tax return of greater than 1.392%, it does not make sense for me to pay that particular debt off at any greater speed than I do.

I operate on logic.

Smart move....my son operates with the same logic on his home mortgage.

I have paid no interest on anything since I bought a Cadillac Fleetwood Brougham in 1968 and then a mortgage on a home in 1975 which was paid off by 1980. It was a pretty high interest rate as I remember and I wanted to get rid of it just in case my trading headed South and I felt better being totally debt free.

My credit cards charge no interest when payed in full each month....as I do with automatic payments.

Not bragging....just reinforcing your technique and adding a bit of personal info.

Good job posting and you are being most informative....keep it up and let folks take what they will from them.

Gatlin  posted on  2018-02-06   19:20:51 ET  Reply   Trace   Private Reply  


#51. To: VxH (#49)

Vicomte13  posted on  2018-02-06   19:22:40 ET  Reply   Trace   Private Reply  


#52. To: Gatlin (#50)

Smart move....my son operates with the same logic on his home mortgage.

I have paid no interest on anything since I bought a Cadillac Fleetwood Brougham in 1968 and then a mortgage on a home in 1975 which was paid off by 1980. It was a pretty high interest rate as I remember and I wanted to get rid of it just in case my trading headed South and I felt better being totally debt free.

My credit cards charge no interest when payed in full each month....as I do with automatic payments.

Not bragging....just reinforcing your technique and adding a bit of personal info.

Good job posting and you are being most informative....keep it up and let folks take what they will from them.

I figure that a house, in particular, and apart from all other consumer goods, has considerable economic advantages to it. For starters, we have to live SOMEWHERE, and after taxes, lodging is the second greatest expense, so I may as well buy an appreciating asset to live in. The Trump tax reform diminishes somewhat the tax advantages of owning a home you live in, but it's still a better deal than renting.

By refinancing and negotiating (bitterly) at the depths of the housing crisis, I refinanced the house at an astonishingly low interest rate.

So, the house appreciates, the value of the principal borrowed shrinks with inflation, and it is significantly more advantageous to me both because of an interest rate below the inflation rate, and a growth in value of the property above the inflation rate, to string out the repayment as long as possible, the full length of the mortgage.

School and fencing travel and training, and soon enough, college, devour the bulk of disposable income right now.

Obvious things such as having an airline mileage card, running everything through the card and paying off the balance before interest is assessed help. If I do have to pay interest on a credit card because of those training and travel expenses, then so be it - time runs on, and some things are on a fixed schedule that has to be met, and that is more important than not paying a month or two of interest. But all in all I run a zero balance. If I have to stretch something, it will usually be medical bills, as they don't charge interest. Everything gets paid in the end.

I don't have much excess income after school, fencing and travel are taken into account. And such as I have needs to be liquid, because success in the sport means MORE travel. That's not a forever thing - it will pay for college, at least partly, or at least greatly ease entry into a top college. I am grateful to have the job I have, which pays enough for us to keep it all going. Other countries subsidize their young athletes. Ours does not until the collegiate level.

When the excess starts to really flow in in a couple of years, I'll update (but not tear down and rebuild or expand) the house, update the mechanicals, and make the garden really nice. That may be a French thing, but I look out on that green and somewhat mossy half-acre back yard, and I can see it filled with flowers, and how much more beautiful that would be - which means that we'd use it more and have people over more often to enjoy it.

Then it will be time to invest in securities to provide an extra margin in retirement.

Having suffered really terrible loss in the past (due to theft, not bad investment), I have to invest cautiously and conservatively if I want to be able to retire. Can't afford to gamble much with this opportunity.

But because shit happens, I have to plan life as though it were just going to be lived on Social Security, then everything in excess will be a blessing.

Vicomte13  posted on  2018-02-06   19:38:46 ET  Reply   Trace   Private Reply  


#53. To: Vicomte13 (#51)

VxH  posted on  2018-02-06   19:45:11 ET  Reply   Trace   Private Reply  


#54. To: Vicomte13 (#52)

VxH  posted on  2018-02-06   19:48:03 ET  Reply   Trace   Private Reply  


#55. To: Vicomte13 (#52) (Edited)

VxH  posted on  2018-02-06   20:20:38 ET  Reply   Trace   Private Reply  


#56. To: VxH (#53)

Vicomte13  posted on  2018-02-06   23:05:34 ET  Reply   Trace   Private Reply  


#57. To: VxH (#54)

Vicomte13  posted on  2018-02-06   23:07:16 ET  Reply   Trace   Private Reply  


#58. To: VxH (#55)

Yes, Team USA subsidizes Junior and Cadet athletes slightly - about $500 for foreign travel if there is a team event. That doesn't pay for the plane ticket, let alone the lodging, or all of the training and equipment.

Senior team athletes get more, and at the collegiate level the colleges themselves pay the travel and gear, at least for their top athletes.

But of course you speak as though you know it all because you pulled a line or two from something you found online.

And I'm still talking to you.

Vicomte13  posted on  2018-02-06   23:10:40 ET  Reply   Trace   Private Reply  


#59. To: Gatlin (#22)

Hey, these last couple of exchanges have been good ones....thanks for that.

It is my first preference to get along with everyone, even with people I disagree with politically. In my book politics is not the most important thing in life. Striving to be virtuous is.

Thank you for your well wishes trading wise. I do have some crypto trades running, and while they are, percent wise, very negative at the moment, yes at times more than 50%, I'm not "all in" and even if they went to zero, it would hurt but wouldn't kill me, and that's ignoring the fact that I've already locked in good money on cryptos, I don't use stops with cyptos, as my view of them is long term, and position size reflects that.

When Bitcoin flew up to 20K, that exceeded my expectations by far, even though I was and remain optimistic on the long term prospect for cryptos, whether or no bicoin ends up as the master crypto. In hindsight, I can see that was probably unhealthy for it, now that I've heard about many uninformed people overinvesting in a craze fashion. I still expect it to go higher, breaching 20k again and proceeding beyond, but crypto tech is still not mature enough for widespread use. It needs to reach the point where average people and storefronts can easily transact with it in a retail setting, and it's just not there yet. For that reason, the velocity of bitcoin is almost non-existent. And then we'll have the good money/bad money situation.

What I predict is that after that level of tech is obtained, bitcoin will see another significant pullback much as we've seen since Christmas, and amidst fears it will crash, people will then start to spend it before it does, and that will be the catalyst for bitcoin or whatever is king crypto at that point to take hold in retail markets. Naturally both buyers and sellers will need to be willing to transact in bitcoin.

Yes gov regulations and possible banning will be an obstacle. We'll see how it pans out. It does appear though, from my admitted bias news source, that today's senate hearing went favorably for crytos, with both regulators and senators seeming to agree that cryptos are "here to stay".

I'm sure I saw the Billy Mitchell movie as a kid. Maybe I'll watch it again sometime. The version you posted is crappy though.... it only catches about 1/3rd or 1/2 of the screen, being zoomed in.

Aviation has always been a strong interest of mine. I am a licensed private pilot. Perhaps you are too. When I grow up, I want to buy a plane. A kit plane actually. I like this one, a Zodiac CH-650.

Pinguinite  posted on  2018-02-07   1:39:26 ET  (1 image) Reply   Trace   Private Reply  


#60. To: Gatlin (#26)

I could write a multipage essay on the reason why not to....but in the interest of saving time, I will let Stephan Abraham explain here why it is a much better strategy to: “Buy High, Sell Much Higher.”

Interestingly, I came to the exact same conclusion myself.

But there are exceptions, as markets can become overbought or oversold. The difficulty in trading trends is by the time a trend is identified, momentum is exhausted.

Pinguinite  posted on  2018-02-07   1:44:41 ET  Reply   Trace   Private Reply  


#61. To: Pinguinite (#60) (Edited)

I could write a multipage essay on the reason why not to....but in the interest of saving time, I will let Stephan Abraham explain here why it is a much better strategy to: “Buy High, Sell Much Higher.”

Interestingly, I came to the exact same conclusion myself.

But there are exceptions, as markets can become overbought or oversold. The difficulty in trading trends is by the time a trend is identified, momentum is exhausted.

I literally did cringe when I read that statement to: ”buy low....sell high.”

What was said in your post is all true.

There is an easy way to discover trends for someone who has an interest or need. It can be done even before the financial guru commentators make one a point of interest. I oft times use a newly established downward trend to preempt my 1% stop loss and to get out of some equities early. I generally only use trends for downside movement.

I will explain the way it is easy for me to almost immediately spot a trend.

I recently noticed the start of the run up in bank stocks before the alerts were issued. If you followed my system in a previous post, you can see how I work my way down a list of stock with a 100% buy signal recommendation while I am looking for those with over 1% increases to trigger the start of my selective process.

As I have done before, on one particular morning a couple weeks or more ago....I deviated from my buying strategy when I immediately noticed the high number of bank stocks that had their first daily increase of over 1% and 1% is the trigger I always look for. So, BAM....I was buying bank stocks within minutes after the market opened although they did not have the 2 or 3 day up momentum I normally require. There is much more to my buying strategy deviation on this particular point, but of no interest since I only wanted to show the way I can quickly spot a trend.

I say all this is passing just to agree with your point that trends are important.

While I am thinking about it, I will cover another point on trends relative for me. I don’t do much “short selling” and I only did it extensively when the silver stocks started to decline twice in the past. During down trends, I just relax and stay out of the market as I am presently doing on my third day now and I stay out until I see particular stocks have a 2 or 3 day up movement. I am not a greedy person and I don’t try to have it both ways. If I had a goal to make lots of money and be rich, which I will never have, then I would be “AC/DC” as far as market trend action was concerned and “work both ends.” [Pun Intended].

Oh, BTW [and I do need to stop sometime, maybe this is it]....I mostly always let the Stop Loss orders do my selling. However, you many have noticed how I keep sequential track of the up and down days with the plus and minus signs. Well, when I do have a large profit in a particular stock and I see two (-) days, then I usually dump it although ir has not reached my triggered sell point. Not that this is something you need to know....I just felt like spilling m guts out on this point at this moment and you had the misfortune to be here ... :)

Gatlin  posted on  2018-02-07   7:03:45 ET  Reply   Trace   Private Reply  


#62. To: Vicomte13 (#56)

Neutering sheep is something I would not want to do.

Why not? It's easier than milking a reindeer.

Tooconservative  posted on  2018-02-07   8:04:26 ET  Reply   Trace   Private Reply  


#63. To: Pinguinite (#59)

Thank you for your well wishes trading wise. I do have some crypto trades running, and while they are, percent wise, very negative at the moment, yes at times more than 50%, I'm not "all in" and even if they went to zero, it would hurt but wouldn't kill me, and that's ignoring the fact that I've already locked in good money on cryptos, I don't use stops with cyptos, as my view of them is long term, and position size reflects that.

Absolutely a great point on “loss perspective.” I only trade with money I can afford to lose. If I lost all the money I trade with today, it would not in a single way change my lifestyle or deny any of the many pleasures in life I enjoy.

In hindsight, I can see that was probably unhealthy for it, now that I've heard about many uninformed people overinvesting in a craze fashion.

I was on the outside looking in. But had I been on the inside, I would have had the same thought with my “conditioned response” [in this case]. After an extremely rapid high point was reached, each day, I expect bitcoin to go “pop” and take major drops in rapid sequence. Not hat I am that smart, well I guess that I am since it was a “costly learned condition” for me. My problem during early times was never learning when to get out. I had been flying so high that I always chased the moon. Every day the constant increases were “oh boy” days for me. I then paid dearly for my lesson not learn. Although it took a long time I learned to use Stop Loss. I only started to use stop losses when I was into as many as 30 or more stocks and could not possibly monitor them all at the same time throughout the day. Before Stop Loss orders, I learned to pick a set point and some time in a run up and just get out. That point was usually a high of 30% when it reached it. After that, it did not matter to me if the stock made a 700% increase. For I had my 30% and in my past days of faulty trading methods, I usually wound up with a major loss caused by not knowing when to sell and get out.

There is a tale often told during my early days in life spent on the farm. I will share it:

There was a man who had a mail order bride arrive at the stage stop. He was there to pick her up with his mule and wagon. He did not say a word to her. And they never spoke during the first part of the long trek to the homestead. After a while, the mule stumbled and the man said “that’s one.” Some time later, the mule again stumbled and the man said “that’s two.” A few more miles down the trail, the mule stumbled again and the man said “that’s three.” He then stopped the wagon and picked up a 2x4 from under the seat, got down and hauled off and smacked the mule between the eyes with the long piece of timber wood. The young lady who had also not spoken during the trip screamed at the man and began saying how terribly cruel she found him. The man got back in the wagon, looked directly into her eyes and said “that’s one.”
I had my “that’s three” in the years I lost. Then I learned. And I will never, ever, have a major loss again.

“PRESERVE CAPITAL – GUARD AGAINST LOSS.”

Those are the words posted in full view on the front of my keyboard. I see them each time I look down.

Gatlin  posted on  2018-02-07   8:24:35 ET  Reply   Trace   Private Reply  


#64. To: A K A Stone (#63)

It was a good brain-shot for you to start this thread.

I really didn’t know what to expect the results to be at first and figured it might be a one-shot deal.

But now with the ideas, information and actions flowing as I see them on the exchange of posts....I find excellent procedures being shared for anyone who has an interest.

Great move, Stone. I’m a player and besides, it gives me something constructive to participate in....rather than trying to contend with Deckard’s shit spreading all day.

Gatlin  posted on  2018-02-07   8:59:34 ET  Reply   Trace   Private Reply  


#65. To: Gatlin (#64)

Keep the posts coming. I'll catch up on this thread later. Have a great day.

A K A Stone  posted on  2018-02-07   10:25:43 ET  Reply   Trace   Private Reply  


#66. To: A K A Stone (#65)

For those of you who are following this thread and are interested, I will take you through my process this one time. only.

This is the first time in three days that I find a stock to fit my buy perimeters. If you remember from a previous post, I generally have over 250 to go through. For the last couple of days the selection has been at 16 and none of the 16 yesterday fit for me.

Note: You may need to refer to a previous post to understand how to follow what I am doing.

I get a 15-minute delayed feed from the markets, [I have no reason to pay money for live feed] I checked at 0746 [my tinme ] and off the 16 equities showing 100%...BINGO the first one was a hit. This ususally doesn’t happen and I can spend as long as a hour finding the right stock..

I am going to present the information the way I have it formatted for easy reference to me

You will need to keep the following format in mind. I will not have time to always repost it each time and I will only post the data.

On 02/07, I purchased 580 Shares of ERN – Stop Loss Price is $3.60 – Current Price / Purchase Price is $3.40=$3.40 – Amoun t of Purchase is $20,041.75 – Market Value is $20,041.75 – Reading from left top right [on the plus and minus signs] there was one day up, then two days down followed by two up days. The jump today was $2.94 and the jump for the past five days was $17.24. As you will recall, this was a “good” buy for me....so I am off and running....hard.

ERN-01/07-580 ///// 3.36 ///// 3.40=3.40 ///// 20,041.75=20,041.75 ///// ++--+ ///// +2.94 +17.24

Gatlin  posted on  2018-02-07   10:27:40 ET  Reply   Trace   Private Reply  


#67. To: All (#66)

At 0830 the price is $3.70 – It’s up 5.88% percent for the day – The program shows if I had boughr the stock on opening at 0730 I wold have now made $116.00 – Since I did not, I have really made$46.25 – and the Market value is 2,088.00. That is calculated to be $61.66 per hour....a bit above minimum wage.

Gatlin  posted on  2018-02-07   10:37:44 ET  Reply   Trace   Private Reply  


#68. To: All (#67)

I will do this again at differet times during the day on this stock.

Right now, I must get busy trying to ffnd the next stock to purchase.

It will take a couple days to get back up to the normal 30 I carry.

Later ... ...

Gatlin  posted on  2018-02-07   10:41:27 ET  Reply   Trace   Private Reply  


#69. To: Gatlin (#64)

It was a good brain-shot for you to start this thread.

I really didn’t know what to expect the results to be at first and figured it might be a one-shot deal.

But now with the ideas, information and actions flowing as I see them on the exchange of posts....I find excellent procedures being shared for anyone who has an interest.

Great move, Stone. I’m a player and besides, it gives me something constructive to participate in....rather than trying to contend with Deckard’s shit spreading all day.

I concur - this is an interesting thread.

Vicomte13  posted on  2018-02-07   10:53:00 ET  Reply   Trace   Private Reply  


#70. To: All (#68)

I have made 2 additional purchases. DECK fit again and I jumped in on it....along with GOOS.

I dropped my Stop Loss from 1% to 3% - now at 3.30

Remember “Protect Loss.” Since I don’t have near as many stocks as normal, I can take a larger percentage loss on 3 stocks than I could on 30. I forgot to mention in my intital posts that I do fluctuate on the percentage amoung for stock loss.

0932 ERN is up for the day to 8.82% - I am up $75.25.

I must now go look for 2 more stocks and then I feel like stopping there for the day....maybe, maybe not?

Gatlin  posted on  2018-02-07   11:40:57 ET  Reply   Trace   Private Reply  



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