http://nav-ta.blogsp...09/da-plan.html
Will take it easy for a while and return to trading after VIX drops below 35.
Da Plan
Started by
NAV
, Sep 29 2008 03:00 PM
9 replies to this topic
#2
IndexTrader
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Posted 29 September 2008 - 03:07 PM
Buy what? Are you still in FXI?
IT
#3
NAV
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Posted 29 September 2008 - 03:20 PM
Buy what? Are you still in FXI?
IT
SPY.
Yes, i am still in FXI.
Both are investments and not trading positions. Will be holding them for a while.
#4
SemiBizz
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Posted 29 September 2008 - 04:02 PM
Hmmm, So you are turning into a "value" investor eh?
I don't get that, but good luck!!
I see us in a "price discovery" mode.
The way I fundamentally see the World is that:
The central bankers maintain control over us by using monetary incentives based on inflation pressures.
OR
We're in the middle of the beginning of a deflationary recession/depression, and a brave new World...
I don't plan to hold anything but cash... until we reach the flat ocean bottom...
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#5
dasein
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Posted 29 September 2008 - 04:54 PM
Semi,
how are you gong to hold the cash?
honest question, I am worried.
klh
best,
klh
klh
#6
arbman
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Quant
Posted 29 September 2008 - 05:00 PM
NAV, I totally agree this is where you start scaling for your long term retirement accounts. However, I will do this 10% per month over the next 12 months, the buy and hold is for several years. I will start buying in Nov-Dec after the elections though...
#7
SemiBizz
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Posted 29 September 2008 - 05:41 PM
Semi,
how are you gong to hold the cash?
honest question, I am worried.
klh
Insured accounts and treasury backed accounts...
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#8
nimblebear
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Welcome to the Dark Side !
Posted 29 September 2008 - 07:59 PM
Semi,
how are you gong to hold the cash?
honest question, I am worried.
klh
Insured accounts and treasury backed accounts...
depends what cash you mean. If you haven't thought about your cash needs for an immediate term, I wouldn't even go near so called cash insured accounts. There are many very bad banks out there. be very very careful. Have a stash in a safe place. Its hard to say what could happen.
We are talking about credit cards and the like freezing up, and probably ATM's in a lot of places. It may get quite scary for awhile until the dust settles.
Gold is not a bad thing to have on hand either. Coins work well, and most portable, and cashable. Harder to trace and confiscate too than bullion.
Cash for trading maybe treasuries. MM funds are out of the question. I'd rather take my chances with stocks of companies you know will recover eventually.
OTIS.
#9
milbank
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Posted 29 September 2008 - 08:10 PM
I will do this 10% per month over the next 12 months, the buy and hold is for several years. I will start buying in Nov-Dec after the elections though...
That was what I was planning on doing with my long-term monies as well. I may do more than 10% in the late spring/summer if the drop goes the way I think it may go. If not, I may do more towards the back end next fall.
"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw
"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe
#10
NAV
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Posted 29 September 2008 - 09:21 PM
Hmmm, So you are turning into a "value" investor eh?
I don't get that, but good luck!!
I see us in a "price discovery" mode.
The way I fundamentally see the World is that:
The central bankers maintain control over us by using monetary incentives based on inflation pressures.
OR
We're in the middle of the beginning of a deflationary recession/depression, and a brave new World...
I don't plan to hold anything but cash... until we reach the flat ocean bottom...
You hold cash Semi. I will hold the indices. I don't think i need to repeat myself here. This is not my trading account. I will not trade until VIX drops below 35. My overall risk is 6%. If you cannot take a 6% risk, you don't belong in the market place - that's what treasuries are for.
