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Just sold my seasonal long holdings


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#1 pdx5

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Posted 02 May 2007 - 11:26 AM

No sense getting greedy here. Trying to keep things simple. The partial long positions I was sitting on since Oct 2006 have appreciated enough and so my sell orders are in with the mutual fund company at today's closing prices. As Baron Rothschild said, "I got rich by selling too early". If he could do it may be it's not a bad philosophy. Now I am 100% flat and content to earn just under 5% in short term money market funds. Will look for getting long again in fall. If this seasonality approach works, it will sure make my life easy. I hate filling out long schedule-D forms anyway. Now it's time to work on lowering my handicap :D
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#2 OEXCHAOS

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    Mark S. Young

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Posted 02 May 2007 - 11:31 AM

If I may, I'd like to point out that Sy Harding added an MACD overly and greatly improved the results. They talk about it in the Stock Traders' Almanac. I use something similar in combination with sentiment and breadth and it works pretty well. The MACD allows you to continue on in an up trend past May 1 and similarly you can stay out of a nasty Bear market after Oct/November. Mark

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#3 stocks

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Posted 02 May 2007 - 01:02 PM

May is the month whose performance has changed the most in the last 2 decades versus the previous 3 decades. Rank by % change in the Dow since 1980: Nov Apr Dec Jan May Oct Jul Feb Mar Jun Aug negative Sep negative
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Defenders of the status quo are always stronger than reformers seeking change, 
UNTIL the status quo self-destructs from its own corruption, and the reformers are free to build on its ashes.
 

#4 pdx5

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    I want return OF my money more than return ON my money

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Posted 02 May 2007 - 01:04 PM

Mark, appreciate that info. I will check into it.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule