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October 13, 2008 at 6:00 PM in reply to: Cramer predicts DOW 4700 by Tuesday (1995ish levels) #287195October 13, 2008 at 6:00 PM in reply to: Cramer predicts DOW 4700 by Tuesday (1995ish levels) #287220
stockstradr
ParticipantYou should be able to do this with a trailing stop,
Good advice. I’m with Fidelity. I’ll check if they offer trailing stops. Fidelity kinda sucks because their interface not set up for speculators, more set up for mom and pop buy and hold investors.
I really miss E*TRADE, loved their trading screen user interface. Ahh, but E*TRADE decided to get into the mortgage business and go insolvent. So, I said “bye bye E*TRADE”
These days, it is like playing “Musical Chairs” when you pick your brokerage. Every week the music stops and another brokerage house goes belly up! Hope your portfolio isn’t sitting in the wrong one when the music stops!
October 13, 2008 at 6:00 PM in reply to: Cramer predicts DOW 4700 by Tuesday (1995ish levels) #287225stockstradr
ParticipantYou should be able to do this with a trailing stop,
Good advice. I’m with Fidelity. I’ll check if they offer trailing stops. Fidelity kinda sucks because their interface not set up for speculators, more set up for mom and pop buy and hold investors.
I really miss E*TRADE, loved their trading screen user interface. Ahh, but E*TRADE decided to get into the mortgage business and go insolvent. So, I said “bye bye E*TRADE”
These days, it is like playing “Musical Chairs” when you pick your brokerage. Every week the music stops and another brokerage house goes belly up! Hope your portfolio isn’t sitting in the wrong one when the music stops!
October 13, 2008 at 2:47 PM in reply to: Cramer predicts DOW 4700 by Tuesday (1995ish levels) #286823stockstradr
ParticipantBut the next leg down is gonna be where the real $$ is made.
More valuable wisdom, and accurate prediction from peterb. I agree completely.
Next year: bottom at 400 to 600 on the S&P500
October 13, 2008 at 2:47 PM in reply to: Cramer predicts DOW 4700 by Tuesday (1995ish levels) #287118stockstradr
ParticipantBut the next leg down is gonna be where the real $$ is made.
More valuable wisdom, and accurate prediction from peterb. I agree completely.
Next year: bottom at 400 to 600 on the S&P500
October 13, 2008 at 2:47 PM in reply to: Cramer predicts DOW 4700 by Tuesday (1995ish levels) #287134stockstradr
ParticipantBut the next leg down is gonna be where the real $$ is made.
More valuable wisdom, and accurate prediction from peterb. I agree completely.
Next year: bottom at 400 to 600 on the S&P500
October 13, 2008 at 2:47 PM in reply to: Cramer predicts DOW 4700 by Tuesday (1995ish levels) #287161stockstradr
ParticipantBut the next leg down is gonna be where the real $$ is made.
More valuable wisdom, and accurate prediction from peterb. I agree completely.
Next year: bottom at 400 to 600 on the S&P500
October 13, 2008 at 2:47 PM in reply to: Cramer predicts DOW 4700 by Tuesday (1995ish levels) #287164stockstradr
ParticipantBut the next leg down is gonna be where the real $$ is made.
More valuable wisdom, and accurate prediction from peterb. I agree completely.
Next year: bottom at 400 to 600 on the S&P500
October 13, 2008 at 2:45 PM in reply to: Cramer predicts DOW 4700 by Tuesday (1995ish levels) #286813stockstradr
ParticipantI can’t help myself but make this one annoying comment.
Net gains today are half my annual salary. That’s the way to Rock-n-Roll! However, I lost 1/3 of my annual salary, net, in my portfolio last week. At least I’m back in the black, relative to my portfolio balance as of ten days ago.
Yes, I know. Nobody wants to hear how much money someone else made.
Next, when markets gain another 4% I’ll put STOP LIMITS (sell at market) underneath all long positions. Then hopefully I won’t get stopped out, and I’ll walk those stops up under my positions as this Fool’s Rally takes us up a total of say 20% off the bottom.
So I’m playing safe and not counting on this Fool’s Rally for more than 15% dead cat bounce (and we’ve already seen 11% of that today!)
I DUMPED ALL GOLD this morning. Thank God. Nevertheless, I’m impressed, VERY impressed gold is holding above $820. That says a lot about the strength and interest in gold.
October 13, 2008 at 2:45 PM in reply to: Cramer predicts DOW 4700 by Tuesday (1995ish levels) #287108stockstradr
ParticipantI can’t help myself but make this one annoying comment.
Net gains today are half my annual salary. That’s the way to Rock-n-Roll! However, I lost 1/3 of my annual salary, net, in my portfolio last week. At least I’m back in the black, relative to my portfolio balance as of ten days ago.
Yes, I know. Nobody wants to hear how much money someone else made.
Next, when markets gain another 4% I’ll put STOP LIMITS (sell at market) underneath all long positions. Then hopefully I won’t get stopped out, and I’ll walk those stops up under my positions as this Fool’s Rally takes us up a total of say 20% off the bottom.
So I’m playing safe and not counting on this Fool’s Rally for more than 15% dead cat bounce (and we’ve already seen 11% of that today!)
I DUMPED ALL GOLD this morning. Thank God. Nevertheless, I’m impressed, VERY impressed gold is holding above $820. That says a lot about the strength and interest in gold.
October 13, 2008 at 2:45 PM in reply to: Cramer predicts DOW 4700 by Tuesday (1995ish levels) #287124stockstradr
ParticipantI can’t help myself but make this one annoying comment.
Net gains today are half my annual salary. That’s the way to Rock-n-Roll! However, I lost 1/3 of my annual salary, net, in my portfolio last week. At least I’m back in the black, relative to my portfolio balance as of ten days ago.
Yes, I know. Nobody wants to hear how much money someone else made.
Next, when markets gain another 4% I’ll put STOP LIMITS (sell at market) underneath all long positions. Then hopefully I won’t get stopped out, and I’ll walk those stops up under my positions as this Fool’s Rally takes us up a total of say 20% off the bottom.
So I’m playing safe and not counting on this Fool’s Rally for more than 15% dead cat bounce (and we’ve already seen 11% of that today!)
I DUMPED ALL GOLD this morning. Thank God. Nevertheless, I’m impressed, VERY impressed gold is holding above $820. That says a lot about the strength and interest in gold.
October 13, 2008 at 2:45 PM in reply to: Cramer predicts DOW 4700 by Tuesday (1995ish levels) #287150stockstradr
ParticipantI can’t help myself but make this one annoying comment.
Net gains today are half my annual salary. That’s the way to Rock-n-Roll! However, I lost 1/3 of my annual salary, net, in my portfolio last week. At least I’m back in the black, relative to my portfolio balance as of ten days ago.
Yes, I know. Nobody wants to hear how much money someone else made.
Next, when markets gain another 4% I’ll put STOP LIMITS (sell at market) underneath all long positions. Then hopefully I won’t get stopped out, and I’ll walk those stops up under my positions as this Fool’s Rally takes us up a total of say 20% off the bottom.
So I’m playing safe and not counting on this Fool’s Rally for more than 15% dead cat bounce (and we’ve already seen 11% of that today!)
I DUMPED ALL GOLD this morning. Thank God. Nevertheless, I’m impressed, VERY impressed gold is holding above $820. That says a lot about the strength and interest in gold.
October 13, 2008 at 2:45 PM in reply to: Cramer predicts DOW 4700 by Tuesday (1995ish levels) #287154stockstradr
ParticipantI can’t help myself but make this one annoying comment.
Net gains today are half my annual salary. That’s the way to Rock-n-Roll! However, I lost 1/3 of my annual salary, net, in my portfolio last week. At least I’m back in the black, relative to my portfolio balance as of ten days ago.
Yes, I know. Nobody wants to hear how much money someone else made.
Next, when markets gain another 4% I’ll put STOP LIMITS (sell at market) underneath all long positions. Then hopefully I won’t get stopped out, and I’ll walk those stops up under my positions as this Fool’s Rally takes us up a total of say 20% off the bottom.
So I’m playing safe and not counting on this Fool’s Rally for more than 15% dead cat bounce (and we’ve already seen 11% of that today!)
I DUMPED ALL GOLD this morning. Thank God. Nevertheless, I’m impressed, VERY impressed gold is holding above $820. That says a lot about the strength and interest in gold.
October 12, 2008 at 9:08 PM in reply to: Cramer predicts DOW 4700 by Tuesday (1995ish levels) #286889stockstradr
ParticipantMultiple studies of profit/loss on Cramer’s picks have shown that on average he doesn’t beat the market.
However, I acknowledge those “studies” were done by financial news outlets (Barron’s…etc) who compete with Cramer in giving advice to investors, and invariably they give advice in a much different style than Cramer…so disdain him..which could obviously bias their “objective” evaluations of him.
I don’t have any reference to these studies, just remember reading articles about it in one of the five papers I get each day.
October 12, 2008 at 9:08 PM in reply to: Cramer predicts DOW 4700 by Tuesday (1995ish levels) #286916stockstradr
ParticipantMultiple studies of profit/loss on Cramer’s picks have shown that on average he doesn’t beat the market.
However, I acknowledge those “studies” were done by financial news outlets (Barron’s…etc) who compete with Cramer in giving advice to investors, and invariably they give advice in a much different style than Cramer…so disdain him..which could obviously bias their “objective” evaluations of him.
I don’t have any reference to these studies, just remember reading articles about it in one of the five papers I get each day.
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