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jantis

jantis
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  • Market Strategies - Rules Of The Game [View instapost]
    Be Here and Chowder,

    First of all, great article, Chowder. Thank you for yet another great post.

    I have a question, though. I too am unclear about RSI > 60. I use thinkorswim and tried charting RSIWilder with my watchlist and current positions. BTW, these lists include many of the usual suspects that everyone at SA is familiar with. I set up a 5 year weekly chart using a 52 week period for RSI. It seems pretty much any ticker I put in runs between 40 and 60 RSI. In general, it appears that >50 seems to correlate more closely with uptrends in stock price and indicate possible buying points. Only a few stocks have even touched 60 in the last 5 years, and when they do, it is usually only briefly, and seems to indicate a relative top in stock price as opposed to a general point at which to invest.

    Chowder, can you clarify further about this? I must be missing something here.
    Mar 3 08:37 AM | Likes Like |Link to Comment
  • Transitioning To A Dividend Growth Portfolio [View article]
    Nice job, Inzkeeper. I enjoyed your simple honesty and forthrightness. I have only recently started hanging around SA and your story has a tone similar to many others. I really like the fact that so many of the people here are just regular folks who are willing to share their experiences to help others to figure it out for themselves.

    To me, the best part was hearing that you are a giver. That has always been a big part of my life as well so I understand where it fits into the plan. I have always believed that "as a person sows, so shall they reap". Whether its giving or anything else in life. Best wishes as you carry on.
    Feb 26 04:16 AM | 2 Likes Like |Link to Comment
  • Dividend Growth Investing - Getting Your Mind Right [View instapost]
    Great article, Chowder. I have to tell you I read it with a little chuckle. And believe me, not AT you, but I hope with you, and perhaps others as well. Not because its funny but because I can see many of my own experiences in there. I, too, have worked at other types of active trading, with success at times, but lots of struggles and failures as well. For me, just too much risk, too much emotion, and too much of the staring at charts and babysitting positions. Like I mentioned in a comment on your blog on weighting, I feel like I've hopped the fence to check out the other pasture. I am really intrigued by DGI and having a blast again learning a new "trade", no pun intended. Something about it all is just sitting right with me. To repeat what many others besides your self have said, it is common sense.

    Anyway, I have to relate an experience that comes to mind that is absolutely hilarious to me now, but to this day, was one of the craziest and scariest moments of my life. Also, a turning point. Remember the "flash crash" or "fat finger"? I was sitting at my computer at the office looking at charts, etc. when the market began that drop off the cliff. This, of course, all took place in a matter of minutes, but it seemed to happen a million miles an hour and in slow motion, if you know what I mean. I had all kinds of complex option spreads open in 3 different accounts. Iron condors, butterflies, diagonals, etc. At first, you sort of watch it and wonder if you're actually seeing things correctly. The market began to drop and my spreads started to go "haywire" literally. Volatility exploded, bid/asks went nuts, and I was basically trying to figure out if the market was literally going to crash and burn. At first I just froze, probably out of disbelief, then my next instinct was to panic and start closing spreads. Picture the 2 old guys in the old movie "Trading Places" screaming "sell, sell!" as the orange market was crashing. But then the craziest thing, my account values literally started going through the roof. I was trading in the 10's of thousands at the time, but suddenly my accounts were showing some of my positions being worth 10's of millions. I literally had account values at multiple hundreds of millions for a few minutes. Then, of course, I'm thinking close everything, take profits and run for the hills! I was trying everything and couldn't get a trade to go. Talk about pandemonium! I ended up getting clobbered, losing a lot of money that day. I can laugh now, but Wow, what a ride!
    I would assume many of the DG investors hardly even knew what happened, if at all.

    I guess I relate that experience because it was pretty funny but also just to share a scenario that can occur when you "trade" as oppose to invest. That brief moment wasn't the lifestyle I had signed up for. Similar to some others, I'm being converted. Thanks everyone.
    Now off to go order that book.
    Enjoy the day.
    Feb 14 03:02 AM | 4 Likes Like |Link to Comment
  • Managing Your Portfolio - Weightings [View instapost]
    Thank you to each of you for the feedback and confirmation. I find a place like this amazing to see people so willing to share their knowledge and experience so freely. Good stuff. I've always believed we reap as we sow.
    Placement of certain types of investments is especially interesting. Man, I love when things can be kept simple and they make sense. Thank you, Chowder for the thoughts on that.
    AgAuMoney, fair point on trying to keep some diversity within each account. I take it that you might try to spread out stocks of same/similar sectors between accounts (i.e. VZ and T in different accounts for example)?
    Chowder, I've seen elsewhere that you highly recommend the book, "The Single Best Investment" by Lowell Miller. I love to read and will check out his book. Just curious, is it more of a book about general dividend growth investing and why, or does it drill down into how to nuts and bolts, or understanding company fundamentals?
    I have done my fair share of technical analysis as I've traded options/spreads for a while now, but I never paid much attention to the companies behind the tickers. It is mainly charts and volatility. I understand a lot of the fundamental discussions but have never really learned how to interpret the info well myself.
    Somehow I feel like I've hopped a fence to see what the pasture looks like on this side...
    Thanks again.
    Feb 13 02:04 AM | 1 Like Like |Link to Comment
  • Managing Your Portfolio - Weightings [View instapost]
    Hi Chowder,
    Like others, great stuff and thank you! I have only recently found SA (a few weeks ago) and am soaking up info like a sponge. I wanted to further mico's comment above about multiple accounts. We are in our early 40's and in the accumulation stage (and I'm referring to knowledge as well as assets). I manage 2 Roths and will also be opening a cash (taxable) account so as to have 3 total. So far, I have been treating the 2 Roths as 1 account as I build our core portfolio (i.e 12 different core stocks, with 6 in each in each account). The cash account will essentially be for retirement as well.
    So then, say you were holding 30 stocks, would you have 10 in each to keep it simple? If you were holding say 2 or 3 stocks within a sector, would you put 1 in each account, or all 3 from a sector in one account?
    Similar question with weighting... Say each of your Roths were $50K and the taxable was $20K giving you $120K total. Would you set your 30 positions at $4K each, or something else? Would the 1 account being taxable make you treat your weighting different? How would you determine which stocks to place in the taxable vs. the Roths at this stage of the game?
    I feel like I'm over-thinking something simple, but I sure would appreciate any thoughts or resources you'd be willing to share. Sorry for what are likely elementary questions for most folks...
    Thank you for all the knowledge you share.
    Feb 12 02:40 AM | Likes Like |Link to Comment
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