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Title: Gatlins Stock tips and money advice
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Published: Feb 5, 2018
Author: Hopefully Gatlin
Post Date: 2018-02-05 18:32:47 by A K A Stone
Keywords: None
Views: 26138
Comments: 167
You wanna get rich? You just might if you follow this advice.
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#44. To: Vicomte13 (#35)
So much for the subject matter of this thread, eh?
I did find two things that held my interest. The first point ... 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.
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.
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.
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.
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.
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.
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 ... :)
Why not? It's easier than milking a reindeer.
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: “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.
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.
Keep the posts coming. I'll catch up on this thread later. Have a great day.
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
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.
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 ... ...
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.
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?
Just curious do you ever invest in real estate?
Never have...but I have a friend who does. Raw land declared as farm land with extremely low taxes is the way he made loads of money over the years. One of his purchases was a large tract between here and Tucson, he later discovered on an old map that it showed an airstrip on the property. He had been to the acreage a number of times to check the property and never saw an airstrip. He started digging around and a foot below the surface was a paved strip where the blowing dust had accumulated soil over the years. Checking history, he found out it was an auxiliary landing stirp for flight training out of Tucson. I lost touch with him about ten years ago when he moved to Vegas. He join our four- wheeling excursions and follow our Range Rover on off-road treks in his all-wheel- drive Porsche. Wild! Four-wheeling in a Porsche....he obviously made loads of money, eh? Lots of stories to tell you about him, maybe another time. He won many cross country races is vintage early 1900 vehicles that he restored and maintain himself at his mountainside home here. Hope there are not to many mistakes here, I am on a table keying quickly while grabbing a quick snack in the dining room and then getting back to “work” ...
I am stopping here. Things are turning South. I an looking DECK down $426.47...I may bail out. ERN is still holding up at 8.82%. I am now showing an overall loss $234.21 on the 3 stocks. Damn that DECK....3 time loser and always sucker bait for me. As Donald would tweet...SAD. Oh, well, the day is not over. What the Hell....I’ll still try to find 2 more stocks. I have 4 more hours.
That number didn’t look right on DECK. The computer at the broker sometimes lags a bit. No doubt it was down that much at one time. I did a manual calculation before I made a sell decision and I am only down by $278.48 on DECK. That’s okay....I’ll hang with it. Please forgive me DECK for swearing at you....and try to stay nice to me.
I am going into TRP, it’s up +2.45 and fitrs everything else.
Damn that DECK....3 time loser and always sucker bait for me. You are an emotional trader, tater, and operate without rules. You have lost money in a market that is on a downward plunge because you "think" emotionally; you think you can outwit the market. In the midst of uncertainty, collect the data as an action plan to avoid further risk. Study the data. Use your little brain power, assuming you have any and cool the transactions until the market corrects itself.
In the midst of uncertainty, collect the data as an action plan to avoid further risk. Study the data. Use your little brain power, assuming you have any and cool the transactions until the market corrects itself. I sincerely thank you for your personal comments and wise suggestions. I will take them under advisement...and I definitely will try hard to control my emotions.
Its about tyme. Quit losing your emotions for trading purposes. Trading is not the same as going into a fly bar and becoming all dazzled because you want to hump the first woman you meet.
In forex, the difference between going long and short is purely semantics, as it's always pitting one currency vs another. In fact, when you do a trade in forex, you actually commit to a long and short simultaneously, longing one currency while shorting another. With stocks, the assumption is the US dollar value is fixed while the stock value fluctuates. In forex, both the dollar and a competing currency are understood to fluctuate in value relative to one another, and it doesn't really matter if the true absolute value changes. In fact if you long the EURO/USD pair and the EURO loses value, as long as the USD loses value faster than the EURO, you still make money as the chart registers an increase in price. I suppose technically, when you buy a stock you are implicitly shorting the US dollar at the same time, as you are in fact trading dollars away to gain something you expect will perform better than those dollars will for the duration of the trade.
Interesting and educational....thanks. I only know what forex is.....nothing more.
You don't travel beyond Scottsdale Arizona, do ya?
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#45. To: All (#41)
#46. To: Vicomte13 (#45)
#47. To: A K A Stone (#0)
(Edited)
#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 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?"
#49. To: Gatlin, Vicomte13 (#48)
(Edited)
#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.
#51. To: VxH (#49)
#52. To: Gatlin (#50)
Smart move....my son operates with the same logic on his home mortgage.
#53. To: Vicomte13 (#51)
#54. To: Vicomte13 (#52)
#55. To: Vicomte13 (#52)
(Edited)
#56. To: VxH (#53)
#57. To: VxH (#54)
#58. To: VxH (#55)
#59. To: Gatlin (#22)
Hey, these last couple of exchanges have been good ones....thanks for that.
#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.”
#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.”
#62. To: Vicomte13 (#56)
Neutering sheep is something I would not want to do.
#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.
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.
#64. To: A K A Stone (#63)
#65. To: Gatlin (#64)
#66. To: A K A Stone (#65)
#67. To: All (#66)
#68. To: All (#67)
#69. To: Gatlin (#64)
It was a good brain-shot for you to start this thread.
#70. To: All (#68)
#71. To: Gatlin (#70)
#72. To: A K A Stone (#71)
(Edited)
#73. To: All (#72)
#74. To: All (#73)
#75. To: All (#74)
#76. To: Vicomte13 (#58)
#77. To: Vicomte13 (#57)
(Edited)
#78. To: Gatlin, A K A Stone (#73)
I am now showing an overall loss $234.21 on the 3 stocks.
#79. To: Vicomte13 (#56)
#80. To: buckeroo (#78)
You are an emotional trader ...
#81. To: Gatlin (#80)
I definitely will try hard to control my emotions.
#82. To: Gatlin (#61)
(Edited)
#83. To: Pinguinite (#82)
#84. To: Gatlin (#83)
I only know what forex is.....nothing more.
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