Interesting Times'  Instablog

Interesting Times
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I find investments are very different and difficult in these extremely Interesting Times!! We hear whispers of manipulation. QE'S that have never been done before. Then we have a template experiment in Cyprus to see the worlds reaction. I just ask everyone to sit back and ask themselves "... More
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Comments (122)
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  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » OK FOLKS FIRE AWAY !!
    1 Aug 2014, 10:21 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4316) | Send Message
     
    Ok. I split my $100k between (NYSE:XOM) and (NYSE:LMT) because, well, those are money printing machines. ;)
    1 Aug 2014, 10:46 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » Good luck.. I will place a trade on Monday to see if I signed up correctly ..
    1 Aug 2014, 11:27 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2672) | Send Message
     
    I placed a few trades tonight based on my Blog. (NYSE:ETE) and (NASDAQ:MDSO) either stayed in the trading range for a significant time, or fell out and came back in. (NASDAQ:BWEN) is just a nice energy play.
    Hope to have time this week to trade more.
    You can bet that any day that I trade before noon Eastern (unless placed the night before). I probably had a VA appointment or just couldn't sleep LOL.
    3 Aug 2014, 11:43 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » Good to hear from you OW !! Hope all is well..
    4 Aug 2014, 12:05 AM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » Ok, if I did this correctly I split up my 100k between 10 stocks,,

     

    (NYSE:PM) (NYSE:CVX) (NYSE:KO) (NYSE:PG) (NASDAQ:FSC) (NYSE:CLX) (NYSE:SCG) (NYSE:SO) (NASDAQ:PSEC) (NYSEARCA:NUGT)
    4 Aug 2014, 12:04 AM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (1587) | Send Message
     
    I am in. I'm not quite sure how I got there but somehow I made it. I also split my 100k between 10-different investments: (NYSEARCA:VDE), (NYSEARCA:VAW), (NYSEARCA:VIG), (NYSEARCA:OIH), (NYSEARCA:XLU), (NYSEARCA:VDC), (NYSE:SLW), (NYSEARCA:SPXU), (NASDAQ:USLV), & (NASDAQ:UGLD).

     

    Other than Silver Wheaton, I have stayed away from individual stocks, *for now*. I hope to get more creative and daring as time progresses. Maybe I can learn a thing or few?

     

    The Madcap Laughs.
    4 Aug 2014, 12:06 PM Reply Like
  • Dr. Ken Kapur
    , contributor
    Comments (174) | Send Message
     
    I joined but I do not see my name there
    4 Aug 2014, 01:24 PM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (1587) | Send Message
     
    Ken, This is a little strange to navigate, but try using link above to enter into the site. Login, and you should see a drop-down menu in the upper-left. My guess is that you are in the US Dollar Challenge. I have that game showing on my login as well as the IT challenge. The drop-down menu should give you the option to click on the *IT Investment Challenge 2*

     

    After you are in the IT Challenge, you can click on the Home menu and you should have a start balance at $100,000. You can click on the *Make a trade* menu and perform any trades that you wish and should be good to go from there.

     

    I hope that helps.
    4 Aug 2014, 03:09 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » KEN

     

    I believe you joined the old challenge. I know you signed up for that one !!
    4 Aug 2014, 10:00 PM Reply Like
  • crademan
    , contributor
    Comments (2480) | Send Message
     
    Dr. Ken, I noticed the same thing. In the rankings, I see JohnBinTN, User7, deercreekvols, cbowman, MadcapLaughs, and Interesting. Did you make a trade yet? I put in some trade orders this morning & hope that will put crademan into the rankings.
    5 Aug 2014, 10:38 AM Reply Like
  • crademan
    , contributor
    Comments (2480) | Send Message
     
    OK, my first trade was filled and I'm in the rankings. Dr. Ken, please make a trade and then look under the "My Rankings" button to see if you are in the IT Challenge 2.
    5 Aug 2014, 10:45 AM Reply Like
  • JohnBinTN
    , contributor
    Comments (4316) | Send Message
     
    If it's helpful, what worked well for me is that once I was on the challenge page, I made a bookmark tab (Chrome browser). Now when I click that it takes me directly to the challenge homepage, without needing to log on or anything.

     

    I may or may not play the "US Dollar Challenge".
    4 Aug 2014, 03:12 PM Reply Like
  • Economic Analyst
    , contributor
    Comments (3521) | Send Message
     
    Looks like I'm number#2 for the week on the US Dollar Challenge. Still trying to register for IT challenge2; guess is I should have skipped the first selection. Hope haven't confused anyone else. FWIW, I put everything I could on SPY to start with because its the best benchmark for equities even if it's not necessarily the top performer. Maybe I'll just remain all cash til the registration is properly set or until the next dip.
    4 Aug 2014, 03:40 PM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (1587) | Send Message
     
    EA, I also see that you are ~36th overall in the US Dollar Challenge. Good start on that one as I see there are 682 signed up for that challenge.

     

    In the upper left-hand corner of the page you should see a drop-down arrow. Place your cursor over the *US Dolar Challenge* in the upper left corner, and you should see the other option in the drop down menu is *It Investment Challenge 2*. Toggle over and join us.
    4 Aug 2014, 03:54 PM Reply Like
  • Economic Analyst
    , contributor
    Comments (3521) | Send Message
     
    Thanks OAG I think I found the right button now.
    4 Aug 2014, 04:00 PM Reply Like
  • crademan
    , contributor
    Comments (2480) | Send Message
     
    Aren't we lucky that stocks went on sale at the beginning of August? I'll try to log on and get started tomorrow.
    4 Aug 2014, 08:02 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » I added (NYSE:O) this morning with my cash. Fully invested now !!
    Looking to add some dividend plays. I think we have a correction that already started..

     

    Most likely I should have stayed in cash with all 100K but this is a mock portfolio so I am trying to learn..
    5 Aug 2014, 09:49 AM Reply Like
  • crademan
    , contributor
    Comments (2480) | Send Message
     
    OK, I put in limit orders for (NYSEARCA:VTI) and (NASDAQ:VXUS) a little below their market prices this morning. Fingers crossed, my orders will get filled and I'll be started in the challenge. Thanks for the bookmark hint, JohnBinTN! Hope it works on Safari, too.
    5 Aug 2014, 10:20 AM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (1587) | Send Message
     
    I added 450-shares of (NASDAQ:USLV) this a.m. at $44.00 ps.
    5 Aug 2014, 10:21 AM Reply Like
  • Dr. Ken Kapur
    , contributor
    Comments (174) | Send Message
     
    I joined the new contest. I do not see my name.
    I sold short 20000 shares of TNA this morning . I am #1 on the weekly ranking and #4 in Monthly ranking even though I did not trade before today. Russell 2000 should go to May lows soon. I plan to cover my shorts at that time.
    5 Aug 2014, 02:19 PM Reply Like
  • Economic Analyst
    , contributor
    Comments (3521) | Send Message
     
    OK I'm now in 2nd place with 0% profit on approx 5% (NYSEARCA:SPY) 4% (NASDAQ:QQQ) 3% (NYSEARCA:DIA) down to start with plus 100 shares of (NYSE:DAL).
    5 Aug 2014, 02:23 PM Reply Like
  • crademan
    , contributor
    Comments (2480) | Send Message
     
    Let's give credit and thanks to JohnBinTn and Interesting Times for setting up IT Investment Challenge 2. It's only the first week and already we are having fun. Thumbs up!
    5 Aug 2014, 02:31 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4316) | Send Message
     
    No problemo.

     

    Today is not very fun for me... ;) Stupid Ukraine, I guess.

     

    Wish we could get Dr. Ken to the right spot...
    5 Aug 2014, 02:44 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » Where's COINS ???I thought we was playing ??
    5 Aug 2014, 03:53 PM Reply Like
  • Economic Analyst
    , contributor
    Comments (3521) | Send Message
     
    Yeah, Thanks John & IT, I feel like a real day trader now! YEW HEW!!WOOOPS I'm in the red now. I just added 5 ea of both VOO & IVV which are alternatives to SPY just so I can experiment as there are some subtle diferences due to size driven liquidity and over head costs. Nothing like driving it around the block a few times before actually buying to separate marketing from facts.. next step, get on the freeway push on the gas and see what she does top end!
    5 Aug 2014, 02:45 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » The thanks goes solely to JBT. He did the trial runs and all the homework.. Now lets see how low this market goes..

     

    Gotta spread the word for some more players. the Dr signed up incorrectly. I hope he just follows the new link posted above
    5 Aug 2014, 03:52 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » HERE IS HOW "NOT TO INVEST" AS I SHOW MY TRADES !!

     

    Trade chart news PG
    125 79.46 79.53 9,941.25 0.09%
    Trade chart news O
    150 43.38 43.25 6,487.50 -0.30%
    Trade chart news KO
    250 39.35 39.22 9,805.00 -0.33%
    Trade chart news PM
    100 81.89 81.61 8,160.90 -0.34%
    Trade chart news FSC
    1,000 9.68 9.62 9,623.70 -0.58%
    Trade chart news NUGT
    225 43.58 43.27 9,735.12 -0.72%
    Trade chart news PSEC
    1,000 10.69 10.60 10,600.00 -0.84%
    Trade chart news SO
    200 43.38 42.60 8,519.00 -1.81%
    Trade chart news CVX
    75 127.67 125.15 9,386.25 -1.97%
    Trade chart news CLX
    100 88.95 86.51 8,651.27 -2.74%
    Trade chart news SCG
    150 51.29 49.50 7,424.99 -3.49%
    5 Aug 2014, 03:58 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » WHERES JW ???
    5 Aug 2014, 04:00 PM Reply Like
  • John Wilson
    , contributor
    Comments (1948) | Send Message
     
    I placed my first trade that will get filled tomorrow.
    Also I think (NYSE:O), one of your positions will work out good. It was really oversold short term and it is ready to rebound now. I am thinking about another 100 sh in RL. People like the 5% yield with monthly dividend.
    6 Aug 2014, 10:01 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » What do you like about (NYSE:RL) ?
    6 Aug 2014, 10:19 PM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (1587) | Send Message
     
    I set a stop this morning on (NYSEARCA:JNUG) and bought 930 shares at 21.47. Nice rebound after the morning dive. I see it closed at $23.70.
    5 Aug 2014, 07:30 PM Reply Like
  • Economic Analyst
    , contributor
    Comments (3521) | Send Message
     
    John, I have a question. Are we able to trade options as part of the challenge? I tried to get some quotes but couldn't get anything to come up. I'd really like to pick up some select LEAPS so I can climb up the ladder quicker. Hurry with the answer, I'm slipping fast and need all the help I can get, down .002% vs .001 earlier!
    5 Aug 2014, 08:59 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4316) | Send Message
     
    EA,

     

    Not sure. If you figure it out, let us know.
    5 Aug 2014, 11:16 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » EA

     

    We can set up a football pool and then you can call any option play you'd like !!
    6 Aug 2014, 11:45 PM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (1587) | Send Message
     
    I sold (NYSEARCA:JNUG) this am. 930 shares at $25.60.
    6 Aug 2014, 09:50 AM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » OAG

     

    What do you own that has you up so much ??
    6 Aug 2014, 04:10 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » I need for some group to drop a bomb for my (NYSEARCA:NUGT) to take off. (Sorry for such a bad wish)
    6 Aug 2014, 04:12 PM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (1587) | Send Message
     
    My buy/sell in (NYSEARCA:JNUG) gave me a quick boost. I bought 930 share of JNUG on Tues at $21.47 & sold it this am at $25.60.
    6 Aug 2014, 08:23 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » OAG

     

    Nice quick in and out !! Strong move ..
    6 Aug 2014, 11:47 PM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (1587) | Send Message
     
    IMO, the faster you can get out of a 3X leveraged fund the better. I see it as a good day at the casino. It doesn't always work out that way. 3X funds are for trading not investing.
    7 Aug 2014, 09:37 AM Reply Like
  • JohnBinTN
    , contributor
    Comments (4316) | Send Message
     
    Sold 100 (NYSE:XOM) to buy (NYSE:WAG) on the over-reaction dip.
    6 Aug 2014, 10:07 AM Reply Like
  • crademan
    , contributor
    Comments (2480) | Send Message
     
    JBinTN, Your bookmark tip works on Safari, too. As long as I don't log out, when I click the bookmark, it takes me directly to the IT Investment Challenge 2 Rankings page. HOO-AH!

     

    Congratulations to MadcapLaughs in first place. Did you buy on margin?

     

    My trades yesterday: 353 (NYSEARCA:VTI), 285 (NASDAQ:VXUS), 134 (NYSEARCA:VNQ) with a tip of the hat to IT for the REIT idea. That's about 60% equities.

     

    For a little safety, about 15% in bonds: 122 (NYSEARCA:BND), 97 (NASDAQ:BNDX).

     

    That leaves about 24.8% cash.
    6 Aug 2014, 11:38 AM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » CRADE

     

    I am looking for a few investments that throw off some dividends. I know in a year they might not add up to much but it may help.

     

    Trying to learn on the fly..
    6 Aug 2014, 12:34 PM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (1587) | Send Message
     
    Crade, Yes I did buy on margin. I bought/sold (NYSEARCA:JNUG) yesterday/today, for a quick profit.

     

    Madcap Laughs.
    6 Aug 2014, 08:24 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » OAG

     

    Can you explain margin for the lurkers ?? A few are following and don't understand how you invest more then the 100k ..
    6 Aug 2014, 09:29 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4316) | Send Message
     
    I'll try, OAG may do better though. Your $100k buys you $100k of "margin". It's like money sitting there that you can "borrow" to buy stocks/commodities. You have to pay interest on whatever portion of your allowed margin that you use.

     

    I don't think our simulation does it, but there is what's called a "margin call" , where if your total account value drops below a certain level, the broker can demand either the margin be paid back immediately, or you can deposit more cash into your account to bring the value up to whatever the pre-determined level is.
    6 Aug 2014, 09:36 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » So in theory can one invest 200k ??? how is the interest deducted ??
    6 Aug 2014, 09:38 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4316) | Send Message
     
    The interest is 8% APR. If I'm correct (which I may not be - haven't traded in a margin account in many years), that interest is charged daily (8% of margin divided by 365.25) to either your cash account, or if NSF in cash, it will add to your margin balance.

     

    Be careful trading with the house's money... ;)
    6 Aug 2014, 09:46 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » If you look at the standings then why does OAG have a negative balance in his cash ?? Now I am confused !
    (not hard to do btw)
    6 Aug 2014, 09:49 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4316) | Send Message
     
    That's his margin level. He's in hock to the house for that amount. If you look, he has an account with a market value of ~140K, yet what he "owns" (his portfolio value) is only $105k.

     

    Some o' dat cash is a loan. :)
    6 Aug 2014, 09:53 PM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (1587) | Send Message
     
    This is new to me as well. JBT, I believe you are correct on the 8% interest charged on the margin used, and your calculation for use of that margin should also be correct. 8%/365.25 to get a daily interest charge against your margin account.

     

    IT, the negative balance in cash represents the amount of margin that I have used and invested back in to open positions. So you can see my negative cash plus my market value shows my portfolio value.

     

    I would have been just as well off so far if I had invested less in some of the other ETF's that I initially bought, and kept some powder dry to buy JNUG with, while keeping my investments within $100,000 in total. Instead, I invested my full $100k and then a day later, got greedy and invested on margin.

     

    I also bought (NYSEARCA:JDST) today at $9.97. I thought I had previously placed this order and then also cancelled the order afterwards, but maybe my mistake. I'll have to watch that a little closer, but I'm ok with my JDST buy at $9.97 for now. I bought 2000 shares.
    6 Aug 2014, 10:11 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4316) | Send Message
     
    Brave souls will trade 3x funds on margin... ;)
    6 Aug 2014, 10:17 PM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (1587) | Send Message
     
    JBT, You are correct. Not something to practice in the real world.
    6 Aug 2014, 10:19 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » OK, EXPLAIN HOW A PERSON HAS A POSITIVE 100K IN THE CHALLANGE AS CASH AND A PORTFOLIO OF AROUND 99K THEN ??

     

    KENWAR99 >>>
    6 Aug 2014, 10:24 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4316) | Send Message
     
    Guessing, but maybe trading in currencies.
    6 Aug 2014, 10:29 PM Reply Like
  • Economic Analyst
    , contributor
    Comments (3521) | Send Message
     
    IT You might want to consider picking up some (NYSE:IBM), I think it was a big loser yesterday. The fundamentals of the company are a mystery to me, but I think it always ranks high among the blue chip dividend producers for those folks who never have to worry about the prinicipal value, lol.
    6 Aug 2014, 02:15 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » EA

     

    Fresh out of cash !!
    6 Aug 2014, 04:10 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » A SUGGESTION......SHOULD WE CHANGE THE CHALLENGE INTO A 5 YEAR GAME ? THIS WAY DIVIDENDS WILL ADD UP AND HELP SOME TO LEARN HOW TO INVEST THEM?

     

    I KNOW SOME MAY DROP OUT OVER TIME, OR SOME NEWBIES MIGHT WANT TO JOIN. NOT EVEN SURE JBT CAN CHANGE THE DATES.

     

    BUT I WOULD NOT MIND ADDING TIME TO THIS. HELL, WE CAN AT LEAST WATCH SOME DIVIDENDS ADD UP AND INVEST IN SOME NEW STOCKS. WATCH HOW COMPOUNDING CAN WORK.

     

    APPRECIATE SOME THOUGHTS ON THIS ..MEANWHILE OUR REGULAR CHAPTER HAS DIED DOWN. I HAVE TO STIR THE POT !!
    6 Aug 2014, 09:35 PM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (1587) | Send Message
     
    I'd have no problem extending the challenge to multi-year. No reason to end it unless most people currently in bail on this, or if there is enough interest down the line for a re-set, new players, etc., that want to start fresh with a level playing field.
    6 Aug 2014, 10:25 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4316) | Send Message
     
    We can set the "contest" part as one year, but the end date can always be extended (I just checked) if people are still interested in continuing on.

     

    A new one-year simulation would be easy enough to set up next year, and they could both run concurrently.
    7 Aug 2014, 10:07 AM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » JBT

     

    Thanks for checking it out. Hopefully all will be interested in doing this longer then a year. Because in real life most of us do and it could be very informative of the different methods investors use through business cycles..

     

    We can declare a winner at the end of the year but my intent is "educating" each other. To me that never ends !!

     

    We have 12 now playing...Looking for #13 to step up to the plate. If I understand correctly the dividends automatically drop into cash ??
    7 Aug 2014, 11:54 AM Reply Like
  • JohnBinTN
    , contributor
    Comments (4316) | Send Message
     
    "Most stock splits, dividends, and other corporate actions reported by the news wires will be accounted for after the markets have closed and prior to the next market opening. These situations may cause account values to be misrepresented until the reconciliation occurs for next open business day."

     

    I assume divs go to cash and are not re-invested.
    7 Aug 2014, 01:54 PM Reply Like
  • Dr. Ken Kapur
    , contributor
    Comments (174) | Send Message
     
    I am in. My pseudo name is kanwar99 . I prefer one year contest.
    7 Aug 2014, 09:57 AM Reply Like
  • JohnBinTN
    , contributor
    Comments (4316) | Send Message
     
    Glad to see you made it, Dr. Ken. :)
    7 Aug 2014, 10:02 AM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » DK....Glad you made it as well as JW.. Still trying to figure out DR'S cash and investments though. It seems like he has 200k.

     

    What am I missing ??
    7 Aug 2014, 11:55 AM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (1587) | Send Message
     
    I am on the road and I am fortunate to be working on the very prototype computer that was used by Al Gore to create the internet. This rather dated machine is causing me a few fits.

     

    Anyway, I have experienced some weird things on the constest so far. I did try to put in a limit order to sell (NYSEARCA:JDST) today, and somehow a market order transaction went through to buy 2000-shares of JDST instead. So, I went in right away and did a market sell order to sell 4000-JDST *all at a small profit* to hopefully right the ship.

     

    I will have to watch more carefully to see if it is just OAG/Madcap Laughs, screwing up, *quite possible*, or if the virtual program is screwing up. I better be careful, or I may lose my virtual house, virtual wife, etc., if I don't get this under control.

     

    Hitting the road now with now with no internet access until late today or tomorrow. Hopefully I don't make any trades during the day that I don't know about.
    7 Aug 2014, 10:29 AM Reply Like
  • JohnBinTN
    , contributor
    Comments (4316) | Send Message
     
    From my time in IT, I can offer that 99.9% of the time, user error is at fault. ;) The other 0.01% is the fault of the guy that used to work here. ;)
    7 Aug 2014, 11:34 AM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » I wish i could make a mistake and *profit* from it !!
    7 Aug 2014, 11:57 AM Reply Like
  • Dr. Ken Kapur
    , contributor
    Comments (174) | Send Message
     
    Who is MADCapLaughs? Can he explain what he is investing in so that we can learn? He is #1 in ranking
    7 Aug 2014, 11:29 AM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » It is OAG, who just hit the road !! Dr, Can you explain how you have 100k as a cash balance as of yesterday yet had 90k invested ??
    7 Aug 2014, 11:41 AM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (1587) | Send Message
     
    DK, Madcap Laughs...aka OAG. I hit it somewhat lucky on week one of the challenge. I could very easily be on the bottom looking up in the weeks ahead with the moves I made this week so far, but here is a recap:

     

    On Monday I placed market orders for
    (NASDAQ:UGLD) bought 700s @ 15.10; current value 15.93
    (NYSE:http://bit.ly/vBiclI) bought 400 @25.83; current value 26.58
    (NYSEARCA:http://bit.ly/nPBNjS) bought 200 @ 49.75; current value 50.80

     

    My loser so far:

     

    (NYSEARCA:http://bit.ly/VMT3kW) bought 180 @ 53.87; current value 53.12

     

    On Tuesday am, I placed limit buy orders on both (NYSEARCA:http://bit.ly/1ndjGgl) & (NYSEARCA:http://bit.ly/1rZmW1Q). My limit orders were set in that either ETF would have to lose somewhere in the range of ~ 5-10% from ther current trading position in order to execute my order. I placed these orders in the am, and had to travel during the day. I found out Tuesday after market close that I had bought JNUG, 930s @ 21.47. My set limit was at 21.50. On Wednesday am, I sold JNUG, 930s @ 25.60 for a profit of $3,841 less commission & margin interest, which is minimal.

     

    Then, I bought (http://bit.ly/1rZmW1Q) on late 8/6, 2000s @ 9.97 & early 8/7 2000s @ 10.33 both on limit orders. I quickly sold 4000s this am @ 10.47. I took a profit of 1,280 less commission & margin interest on this trade.

     

    This can all work out fine and dandy if JNUG & JDST move up-down-up-down. However, if the market moves strong in either direction, I could lose my virtual rear-end in this strategy. The 3X leveraged funds can be very rewarding, and can also destroy you. I guess I got lucky so far, but I am not betting that I can beat the system longer term with this sophisticated method of trading.

     

    I am one that believes a market correction is coming between now and early Q4. In part, the October end of QE3 will contribute to this correction IMO. I also believe QE4 will be implemented by 1/1/15. That said, I also felt back in late 2012 that the market would dip in 2013. Oops! I feel I failed to understand the power of QE3 and its impact on the markets.
    As for my read on the finish to this year, I'll sit by and watch and accept any criticism that I am due as the year unfolds. I won't gloat nor will I crawl under the desk and assume the fetal position if I am wrong.
    7 Aug 2014, 10:41 PM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (1587) | Send Message
     
    Not sure why SA doesn't recognize my symbols, but from my above comment, I bought SLW @ 25.83. I bought SPXU @ 49.75. I bought OIH @ 53.87. The 2000s & 2000s buys & 4000s sell this am was with JDST.
    7 Aug 2014, 10:53 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » OAG

     

    If you went back and edited anything the symbols disappear !!
    7 Aug 2014, 10:56 PM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (1587) | Send Message
     
    ...and with my track record, I'll probably be in 14th or 15th place in the challenge within the next week or so, but I'm here to have some fun and hopefully learn some...
    7 Aug 2014, 10:56 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » OAG

     

    Don't worry, last place is reserved for me already !!
    8 Aug 2014, 12:17 AM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » (NYSE:SLW) (NYSEARCA:SPXU) (NYSEARCA:OIH) (NYSEARCA:JDST).. Just had to do it ! :)
    8 Aug 2014, 11:58 AM Reply Like
  • Dr. Ken Kapur
    , contributor
    Comments (174) | Send Message
     
    I am buying on margin. So I bought $185000 worth of stocks.
    I still have buying power of !5000 left
    7 Aug 2014, 11:57 AM Reply Like
  • Economic Analyst
    , contributor
    Comments (3521) | Send Message
     
    Dr. Ken,

     

    Do you think 100% margin is realistic? The simulation is operated out of Montreal, and is advertised as adaptable to local conditions. To my knowledge 50% is what we usually work with in the states. also, 8% seems high to me, but I'm not sure what the latest real market is. also, I'm still not able to access and trade options though it is discussed on the host site.
    7 Aug 2014, 12:31 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » Then I thought that should show up as a negative number under cash like Mad has ???
    7 Aug 2014, 12:39 PM Reply Like
  • Dr. Ken Kapur
    , contributor
    Comments (174) | Send Message
     
    So long everybody is allowed 100% margin,the game is fair. some brokerage firms allow 20 to 1 margin to most hedge fund companies.
    For trading foreign exchange currencies , the leverage is 20 to 1 even in usa
    7 Aug 2014, 05:00 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » Still can't figure out why one has a negative number and another has a positive number in the rankings..

     

    MADCAP has a negative 14k,while KAN has a positive 9k.

     

    How dos that happen? I am confused again...lol
    7 Aug 2014, 06:16 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4316) | Send Message
     
    Worry more about current portfolio value, I guess... I know how you are about needing something to worry about. ;)
    7 Aug 2014, 06:29 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » I just like to understand things :) I guess no one knows for sure .. But I wish I knew because I would use margin.

     

    I need to go take my anxiety meds now !! hehe
    7 Aug 2014, 08:24 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2672) | Send Message
     
    I currently pay just under 8% on my Margin If I buy from Schwab, so that is reasonable.
    8 Aug 2014, 01:06 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » STILL WAITING ON COINS !!
    7 Aug 2014, 11:57 AM Reply Like
  • Dr. Ken Kapur
    , contributor
    Comments (174) | Send Message
     
    For the benefit of everybody, I had a buy signal on my blog yesterday on Gold related investments. That is why I am long
    NUGT since this morning and short on TNA since yesterday. for a while I was losing on both but I am oK now.
    Trading Options is 10 times riskier than trading 3X stocks.
    7 Aug 2014, 01:12 PM Reply Like
  • Economic Analyst
    , contributor
    Comments (3521) | Send Message
     
    Dr K -RE: Options riskier than 3X...never heard that before, but very possible. I can maybe guess why but I'd rather be educated if you can explain. THX!
    7 Aug 2014, 01:51 PM Reply Like
  • crademan
    , contributor
    Comments (2480) | Send Message
     
    It's interesting that Carl2014, JohnWilson, and Economic Analyst have invested such small percentages of your money so far. What do you foresee?
    7 Aug 2014, 02:52 PM Reply Like
  • Economic Analyst
    , contributor
    Comments (3521) | Send Message
     
    I won' try and repeat it all here, but here is a link to a recent comment which pretty much shows my current thinking as a part of an ongoing side dialogue that likely has had few views.

     

    Basically, I monitor the treasuries as a baseline frame of reference to work as a foundation for equities, sort of a pyramid power visualization if you will, or to look at it another way I track what I see as a sort of a TLT vs SPY leader follower relationship with SPY on the longer end of the teeter totter.

     

    http://seekingalpha.co...
    7 Aug 2014, 05:17 PM Reply Like
  • crademan
    , contributor
    Comments (2480) | Send Message
     
    What no one else can see is that my position in (NYSEARCA:BND) is up 0.37% and (NASDAQ:BNDX) is up 0.21%, so it really is true that bonds behave differently than equities in a down market.
    7 Aug 2014, 10:52 PM Reply Like
  • Dr. Ken Kapur
    , contributor
    Comments (174) | Send Message
     
    Economic Analyst,

     

    In case of options, there is an expiry date. So 90% of option buyers lose money. Writers of options make money like crazy, because they are on other side of the trade.
    In the last 30 days of an option, it loses 60% of its value and most of them go to zero.
    This never happens in large leveraged ETFs.You have to buy and sell them based upon good technical analysis.
    7 Aug 2014, 04:54 PM Reply Like
  • Economic Analyst
    , contributor
    Comments (3521) | Send Message
     
    Thanks Dr. K, everything you have stated is correct.
    My guess would have been something more subtle, such asthe propostion that options are more risky at the top end of the equity ladder vs the 3X which I assume has a uniform risk pattern, or some other obscure and yet still unproven theory.

     

    I say this with a view toward using the options as a way to ladder on top of equity holdings via LEAPS or deep in the money instruments thereby increasing leverage via smaller price per share controlled and ability to limit risk exposure via total investment cost.

     

    The of course as you mention using vertical or diagonal spreads it is easy to generate short term income to boost yields via writing of out of the money options. But my approach perhaps is old school: I'm definitely open to the idea that it is much simpler to use the newer 3X instruments which I have never tried.

     

    Still, there is a lot of evidence that supports the use of turbines in place of piston engines, but I still see a lot of advantages to the old carbureted engine for certain application depending on where exactly you plan to go and how soon you gotta get there and perhaps most importantly how much you actually plan to spend in the first place.
    7 Aug 2014, 05:31 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » THIS DOESN'T SOUND POSITIVE.....

     

    Fed Survey: 25% of U.S. Households Are 'Just Getting By'

     

    http://aol.it/1AYUJeq

     

    Thinking of going to all dry powder ???
    7 Aug 2014, 09:02 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2672) | Send Message
     
    I see I picked a bad day to buy stocks with Market Orders at Open, I should have waited to buy during Market hours.
    A word to the wise. DO NOT use Market orders in this Challenge anymore than you would in RL.
    I don't suppose there is any way to get a Reset <Grin>!

     

    I had to buy this way today to get my wife to her Dr., and me to mine. The DAV only comes by early AM and home after the last vet in the Van is done with Appointments. ( discovered today I was taking several 2mg tabs of a med instead of the 1mg that she thought she had ordered). Side effect=LOW blood Pressure!
    7 Aug 2014, 09:18 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » OW....

     

    We don't have any rules about setting up a second account :).
    7 Aug 2014, 09:20 PM Reply Like
  • OldWarrior
    , contributor
    Comments (2672) | Send Message
     
    Nahh, TYhis isn't a 1 day or 1 week Challenge. My studies show that these should be profitable by up to 18% over the next 3 months. We'll see how the next Q goes.
    8 Aug 2014, 08:53 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » So what is going to happen to the metals once we start dropping the humanitarian aide (bombs) overseas ???

     

    Futures don't like it !!
    7 Aug 2014, 10:44 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » So BOTH bombs and gold are dropping ? What am I missing. I see people running to treasuries , but not gold?

     

    Can someone explain why ??

     

    Meanwhile the POTUS is heading out for vacation as scheduled.. What a shock, he could care less...
    8 Aug 2014, 11:56 AM Reply Like
  • crademan
    , contributor
    Comments (2480) | Send Message
     
    I was going to buy more (NYSEARCA:BND) and (NASDAQ:BNDX) but the WSB news about bond ETF outflows scared me. Instead I bought 55 (NYSEARCA:VPU) because utilities are supposed to yield regular dividends. VP
    U is already down. 0.08%.
    8 Aug 2014, 12:43 PM Reply Like
  • Economic Analyst
    , contributor
    Comments (3521) | Send Message
     
    Gee, Crademan, but aren't we supposed to buy when everyone else is scared? I think the headline was about high yield bonds, which have not done well. (NYSEARCA:TLT) on the other hand, has done quite nicely. 10 Year Treasury breached support at 2.40 earlier today; now look at the 3 year chart and you will see nothing between todays lows and the 2's. Now tell me again, why is it we keep hearing it said that interest rates "have' to go higher?..have to go higher...have to go higher..go to sleep now..htgh...htgh..they really..really have too...zzzz
    8 Aug 2014, 03:31 PM Reply Like
  • crademan
    , contributor
    Comments (2480) | Send Message
     
    Got me, EA! Emotion driven trading is the same as taking a short cut to the poor house. : )
    8 Aug 2014, 04:53 PM Reply Like
  • Economic Analyst
    , contributor
    Comments (3521) | Send Message
     
    Maybe that's why you're up .21% to my paltry .13!

     

    Which is not a bad start really, at this rate you'll hit 10.92% in a year while poor me on the other hand will be forced to get by on a mere 125.47 per week unearned income.

     

    No worry though, maybe if I work just a little bit harder IT will give me another raise out of the new IT PSP (Profit Sharing Plan) that he's been working on, lol.
    8 Aug 2014, 05:22 PM Reply Like
  • jhooper
    , contributor
    Comments (8083) | Send Message
     
    "Now tell me again, why is it we keep hearing it said that interest rates "have' to go higher?"

     

    Its an infectious notion. I remember talking to a bank regulator in Nov of 2013 about the risks to banks when interest rates started going up. I asked why she thought rates were going to go up and she said because they are currently low.

     

    Now this person isn't a policy maker, she was just parroting what she had been told by the bank regulator policy makers. In fact, IRR is currently all the rage in regulator literature.

     

    Its a reminder of how the mob mentality can set in, and if you aren't rooted in reasoned principle and fundamentals, you can get sucked in to.

     

    There are REASONS interest rates go up, and the fact that they are currently low isn't one of the reasons.

     

    Interest rates are simply the intersection for the supply and demand of capital. Understanding the REASONS driving the supply and the demand is how you get a better picture for the direction of interest rates.

     

    Basically, interest rates go up for two reasons.

     

    1 - The sudden demand for capital dramatically outstrips the supply. This is typically noted in a sudden economic expansion.

     

    2 - Credit risk. People don't trust you, so they want a lot if you want to use their capital.

     

    The economic data is great, but it isn't horrible either. So there doesn't appear to be a massive economic expansion on the horizon. So reason 1 is not met.

     

    However, even though the economic data isn't great, it still isn't horrible. So all the people that have demand for dollars (Asian mercantilists, capital flight from Europe, banks with 0 risk weighting for US treasuries, etc) are still there. The US, Japan, and some European nations aren't acting like genisus, but at least they aren't acting like some of the other fools in the world. As such, they are the highest decks on the sinking Titanic. So, reason 2 isn't fullfilled either.

     

    Rates are going to stay low, and probably go lower as the Fed continues to taper.
    11 Aug 2014, 12:42 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » Does anyone know if we have a delay in selling on a limit order? I went to sell a security at the price shown on my real screen. I placed that price on the mock portfolio yet it never sold.

     

    So I am wondering do they use a delay of 15 minutes ? The price dropped below what I placed as a limit price since.. But it was at that price on my Schwab account ...

     

    Just curious if I put in lets say a $1 and in fifteen minutes is drops to .99 cents did I miss out because of the delay ?? Those trading during the day might know of any delay in their buying and selling . This was a first time for me..

     

    Thanks!
    8 Aug 2014, 03:20 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4316) | Send Message
     
    "Market, limit, and stop orders can be accepted for stock orders (as well as option orders where applicable) at the discretion of the site administrator. All orders for the BSE and North American stocks are executed at the real-time bid/ask prices as provided by our data vendor when placed during market hours. International exchanges other that than the BSE and USA will display a delayed price estimate of the price until 15-20 minutes has elapsed. The transaction will automatically appear in the Trader's Portfolio and Transaction History. "
    8 Aug 2014, 03:29 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » Ok, I sold (NYSEARCA:NUGT) at market price. When should I see what price I got for it ?

     

    What is BSE ??
    8 Aug 2014, 03:48 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » I might add I sold it for a weekly profit of 7 % !!

     

    Made the mistake in the first challenge of not getting off of the bus, now lets see if I made the right choice.
    8 Aug 2014, 04:33 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4316) | Send Message
     
    BSE = Bombay Stock Exchange, oddly enough.
    8 Aug 2014, 05:09 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » My Rankings Username Cash Balance Market Value Initial Portfolio Value Current Portfolio Value Return
    1 MadcapLaughs -14,256.85 120,460.55 100,000.00 106,203.70 6.20%
    2 kanwar99 103,160.90 .00 100,000.00 103,160.90 3.16%
    3 Interesting 10,989.96 90,105.75 100,000.00 101,095.71 1.10%
    4 Carl2014 28,080.03 72,977.00 100,000.00 101,057.03 1.06%
    5 cbowman 2,532.69 98,044.60 100,000.00 100,577.29 0.58%
    6 User7 63.94 100,494.69 100,000.00 100,558.63 0.56%
    7 JohnBinTN 202.74 100,258.50 100,000.00 100,461.24 0.46%
    8 crademan 19,913.42 80,298.79 100,000.00 100,212.21 0.21%
    9 EconomicAnalyst 82,376.78 17,748.69 100,000.00 100,125.47 0.13%
    10 JohnWilson 90,948.84 9,063.00 100,000.00 100,011.84 0.01%
    11 deercreekvols 36,375.80 63,357.50 100,000.00 99,733.30 -0.27%
    12 OldWarrior 276.31 99,024.17 100,000.00 99,300.48 -0.70

     

    FIRST FULL WEEK...ANY THOUGHTS ???
    8 Aug 2014, 04:52 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4316) | Send Message
     
    Still in the "getting used to it" phase. For myself, it's preferable to the old system. ;)
    8 Aug 2014, 05:10 PM Reply Like
  • crademan
    , contributor
    Comments (2480) | Send Message
     
    I like the Global Virtual Market set up very much. The only thing I miss is being able to compare each other's portfolio holdings.

     

    For what it's worth, (NYSEARCA:VPU) is +0.8% in one day, (NASDAQ:VXUS) is down 0.34% for the week. (NYSEARCA:VTI) +0.43%, (NASDAQ:BNDX) + 0.35% (NYSEARCA:BND) +0.29%, and (NYSEARCA:VNQ) +0.16% performed worse than the bonds.

     

    Are bonds like giving a drowning person an anchor or a life saver ring if the markets take a dive? http://bit.ly/1q1yCvf
    8 Aug 2014, 05:45 PM Reply Like
  • Economic Analyst
    , contributor
    Comments (3521) | Send Message
     
    Crade, I think you've got the Titanic confused with the iceberg that hit it.

     

    Look at it this way, all that stuff you see floating on top, that's risk money, sitting onto an invisible and yet massive dark pool of frozen assets just below the surface.

     

    If the snow melts on top, well a little more credit floats up from below to balance out the books according to the latest buoyancy chart.

     

    While everything may appears static on top, but the ocean just absorbs all that excess liquidity back into the system until someone on top back on Main Street does a little financial fracking and manages to capture some of that stored negative energy back and spend it on consumer goods before it melts and flows downstream in the form of deposits again for recapture accompanied by a giant sucking sound right back into that giant ice making machine.

     

    Point is there is a lot more low risk liquidity frozen out of view below the surface than there is on top.

     

    If you don't believe me, look at that picture of a pyramid on the dollar bill, and then look and see how many floors there are going down when you step on the elevator next time you go visit the Federal Reserve.

     

    Now get back to work and make us some more snowcones!

     

    http://nyfed.org/1bgJyOe
    8 Aug 2014, 06:29 PM Reply Like
  • crademan
    , contributor
    Comments (2480) | Send Message
     
    That virtual tour of the Federal Reserve made me forget that diamonds are supposed to be a girl's best friend. Thanks!
    8 Aug 2014, 08:23 PM Reply Like
  • User 7415181
    , contributor
    Comments (1015) | Send Message
     
    Hello everyone.

     

    I am taking a break for a couple of hours before we start packing/loading the truck again.

     

    I am following the same strategy I did last year for the most part. 90% of my investment play money is split at any given time between three Vanguard index funds - total stock market, total intl market, or the total bond market. Difference is that I'm using the etf equivalents since the site doesn't seem to like regular mutual funds like I have in my 401k.

     

    I rank the three on 100 day relative strength and buy the highest as long as it's above it's 300 day moving average. Check once a month and only switch if something's changed. I started the last challenge last year with vtsmx and never had to change anything, since we started during a pretty good bull run. This year may end up differently and may put a damper on my idea of using moving averages, but I put 90000 in VTI since that's the equivalent to vtsmx and it still has the best relative strength and is still above the 300 sma. This is what I'm doing for real in my 401k, except with mutual funds since that's all that's available.

     

    Now, for the other 10%.

     

    I'm doing something kind of sorta like the above except using 3X leveraged funds. And I'm going to be doing it every two weeks instead of monthly. This should satisfy any trading urges I might get. This is make believe at this point as I've spent much more than I would like to preparing for moving/actually moving and thus don't have extra money to try it out. So I'm kind of using this challenge as a real - time - test as opposed to a back - test to see if this strategy has some hope.

     

    From past real life experience, using moving averages on leveraged funds to indicate when you need to sell or buy doesn't work too well. They are too volatile. And has made me leary of them since summer 2011 through spring of 2012 where I was lucky to break even on TZA (I think that's the Russell index short one). I went to the Direxion website and looked up all the 3x bull/bear funds that had an equivalent regular etf that I can track. Not all of them, the gold based ones I left alone for now as well as some others. But I've got a list of 10 etfs that have both bull/bear leveraged fund equivalents.

     

    So what I am doing is examining the underlying funds of the 3x leveraged funds. Reasoning being that they shouldn't be as volatile and thus the indicators I look at should be more reliable. I'm looking at the strongest or weakest 100 day relative strength. Then I want to go and check out the 50/200 sma charts and make sure there aren't any short term crossovers that might screw things up. Or even better, spot a pending crossover. Either way, I want to make sure that the price is above or below the 200 sma and that it correlates with the fund I'm planning to buy into.

     

    Buy either bull or bear based on this. Sell two weeks later and switch into a new one or continue with the current if it still matches criteria.

     

    Since I didn't figure out the where the correct challenge was on the first day, on 08/04 I bought 904 shares of vti and 753 shares of russ (3x Russia bear fund). I was not using the above rules when buying russ, but spotted what I thought was a failed breakout of the 50 sma crossing the 200 sma for rsx (the underlying unleveraged etf) on 07/29 and posted that I would be make - believe - buying it @ 13.07. For the challenge, I ended up with 13.26. If I had been thinking about it, I would have gone with the Chinese bull at the time as that has a better relative strength, but I've been paying a lot of attention to Russian/Ukrainian news and the crossover looked correct.

     

    The whole idea of this is to spot a fairly long term trend in an asset class and bet that the leveraged fund will have more up (or down) days over that two week period.

     

    So we'll see in a year if this works or not. Once the credit card is back down to zero, I'll be willing to put $500 towards it and see what happens.
    9 Aug 2014, 08:04 PM Reply Like
  • crademan
    , contributor
    Comments (2480) | Send Message
     
    User 7415181, Your strategy makes me envious since I haven't figured one out.
    9 Aug 2014, 11:14 PM Reply Like
  • User 7415181
    , contributor
    Comments (1015) | Send Message
     
    Cr,

     

    I first came across the concept here:

     

    http://bit.ly/1squECE

     

    And someone else was nice enough to direct me to these papers:

     

    http://bit.ly/169pIbk

     

    http://bit.ly/s1EI16

     

    The one with the leveraged funds is my own bastardization of these ideas. It looks good to me on paper, but I haven't back tested it, so I figured I'd give a try in the game to see if it works or not.
    10 Aug 2014, 07:10 AM Reply Like
  • crademan
    , contributor
    Comments (2480) | Send Message
     
    Thanks User 7415181!
    11 Aug 2014, 10:11 AM Reply Like
  • User 7415181
    , contributor
    Comments (1015) | Send Message
     
    Bleah. RUSS went up by 12% from where I bought it last week. Now it's dropped more than that. Makes me remember why I've stayed away from leveraged funds for awhile. I may add in a limit order to sell for a 10% gain (if that occurs) after purchasing one of these. Still plan on re-evaluating on Friday to see if I need to swap into something else.
    11 Aug 2014, 05:06 PM Reply Like
  • Interesting Times
    , contributor
    Comments (14760) | Send Message
     
    Author’s reply » TIME TO MOVE ON. A NEW WEEK!!

     

    http://seekingalpha.co...
    10 Aug 2014, 07:30 PM Reply Like
  • RoseNose
    , contributor
    Comments (8604) | Send Message
     
    Check out the KMP, KMI & EPD merger News!
    11 Aug 2014, 07:51 AM Reply Like
  • RoseNose
    , contributor
    Comments (8604) | Send Message
     
    Sorry, it should say EPB merger with KMP, KMR, KMI.
    11 Aug 2014, 09:30 AM Reply Like
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