Stock Trading

JimVH · Post by **JimVH** » 17 Jul 2024, 20:45

I bought two shares of DJT today for no rational reason at all.

sweetandsour · Post by **sweetandsour** » 18 Jul 2024, 04:58

JimVH wrote: ↑17 Jul 2024, 20:45 I bought two shares of DJT today for no rational reason at all.

Sometimes it works that way. If you'd bought last Friday you'd be 10$ up so far.

JimVH · Post by **JimVH** » 24 Jul 2024, 07:00

sweetandsour wrote: ↑18 Jul 2024, 04:58
JimVH wrote: ↑17 Jul 2024, 20:45 I bought two shares of DJT today for no rational reason at all.
Sometimes it works that way. If you'd bought last Friday you'd be 10$ up so far.

Instead I’m down ten bucks. Boredom and novelty are poor reasons to buy

sweetandsour · Post by **sweetandsour** » 24 Jul 2024, 07:26

I've been chasing NEM this morning with limit buy orders, with the price steadily staying ahead of me. There's a way to do this automatically, I'll try that next. Earnings report this afternoon, so we'll see.

Del · Post by **Del** » 25 Jul 2024, 11:11

I got clobbered bad with the downturn of SPX this week. Almost back to square one.

Partly my fault. I was working hard at building our village festival and not minding the market.

An expensive lesson.... If I don't have time to attend to my trades, it's just better to take a week off. If I had a real job, I wouldn't pretend to be working at it while I'm up at the Park every day.

sweetandsour · Post by **sweetandsour** » 25 Jul 2024, 15:29

Del wrote: ↑25 Jul 2024, 11:11 I got clobbered bad with the downturn of SPX this week. Almost back to square one.

Partly my fault. I was working hard at building our village festival and not minding the market.

An expensive lesson.... If I don't have time to attend to my trades, it's just better to take a week off. If I had a real job, I wouldn't pretend to be working at it while I'm up at the Park every day.

I know the feeling. Sometimes this trading seems like a full time job. I like the very short term day trading where I don't own anything at the end of the day. But still, I got stuck with NEM at the end of the day yesterday, and today it's price dropped with the overall SPX.

I'm debating now whether to sell my Fidelity Equity Index Fund, while I still can capture some profits.

Del · Post by **Del** » 26 Jul 2024, 06:46

sweetandsour wrote: ↑25 Jul 2024, 15:29
Del wrote: ↑25 Jul 2024, 11:11 I got clobbered bad with the downturn of SPX this week. Almost back to square one.

Partly my fault. I was working hard at building our village festival and not minding the market.

An expensive lesson.... If I don't have time to attend to my trades, it's just better to take a week off. If I had a real job, I wouldn't pretend to be working at it while I'm up at the Park every day.
I know the feeling. Sometimes this trading seems like a full time job. I like the very short term day trading where I don't own anything at the end of the day. But still, I got stuck with NEM at the end of the day yesterday, and today it's price dropped with the overall SPX.

I'm debating now whether to sell my Fidelity Equity Index Fund, while I still can capture some profits.

Trading is a profitable hobby/job, and I encourage anyone with the time and enthusiasm to learn how to do it. But it comes with a simple rule: If you place an active trade, you have to mind it. If you can't keep an eye on it for the duration of the trade, don't do it.

Some people like to trade very short-term, very active trades. They like to watch the market like a video game.
My weekly trades, I need to check them a few times each day.
Active/passive trades (like your index fund).... A few times per week or per month, depending on your goals and risk tolerance.

My worst loss trades come from either panicking, or by not paying attention. A wise and successful trader walks the narrow path between these.

Del · Post by **Del** » 26 Jul 2024, 17:44

It's been a while since we looked at the Strategic Petroleum Reserve:

This chart was published in May, 2022. I post it because it has historic events and past draw-downs marked.

The starkest thing is that Biden's 2022 mid-term election crisis was greater than all other wars, disasters, and geopolitical turmoil combined.

The projected fork at the end of the chart: Biden had proposed to start buying back some oil into the SPR, starting in October, 2023. I do not know if that plan was put into place.

From this article:
https://www.commoditycontext.com/p/quick-context-spr-20

Del · Post by **Del** » 02 Aug 2024, 07:26

Mr. Market looks like he's about to throw up....

You know how everybody says that you shouldn't run through a crowded theater shouting, "FIRE! FIRE!"???

Well, somebody has been running across the trading floors and shouting "RECESSION!"
==================================

On Wednesday, FED said that inflation is coming down nicely and employment is looking good. This signals that FED is considering lowering rates sooner rather than later. Mr. Market expected this, and all was well.

On Thursday, a leading indicator of the manufacturing sector showed that in July, manufacturers ordered less supplies and hired fewer employees. This is what triggered the whispers of recession.

Before market opened this morning, national employment data dropped. Unemployment is 4.3% -- which is fine, but 0.2% higher than expected. 114K new jobs were created -- about 60K less than expected. This reinforced the recession fears.

Not to mention the specter of President Kamala and more severe policies smashing our economic well-being.
==================================

I need you to swoop in with all the cash you have sidelined and lift the market up for me. Okay?

sweetandsour · Post by **sweetandsour** » 02 Aug 2024, 09:33

Del wrote: ↑02 Aug 2024, 07:26 Mr. Market looks like he's about the throw up....

You know how everybody says that you shouldn't run through a crowded theater shouting, "FIRE! FIRE!"???

Well, somebody has been running across the trading floors and shouting "RECESSION!"
==================================

On Wednesday, FED said that inflation is coming down nicely and employment is looking good. This signals that FED is considering lowering rates sooner rather than later. Mr. Market expected this, and all was well.

On Thursday, a leading indicator of the manufacturing sector showed that in July, manufacturers ordered less supplies and hired fewer employees. This is what triggered the whispers of recession.

Before market opened this morning, national employment data dropped. Unemployment is 4.3% -- which is fine, but 0.2% higher than expected. 114K new jobs were created -- about 60K less than expected. This reinforced the recession fears.

Not to mention the specter of President Kamala and more severe policies smashing our economic well-being.
==================================

I need you to swoop in with all the cash you have sidelined and lift the market up for me. Okay?

Entering correction territory. I sold my few shares of NEM this morning, and contemplating capturing profits on my Fid Eq Index as well, and then watch the volatility from the sideline next week. I'm tempted to buy FTAI below 100 though.
Re Harris, that's all we're going to see and hear about everywhere until November. Was predictable, but still, scary.