I just read my previous post and then punched myself in the face, drank a shot of whiskey, and then bought some shares of newly minted chinese burrito DSKY–for the win of course.
As you were.
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atta boy
stop daytrading and getting whipped around by headlines. If you want to be long man up, go long and stop second guessing yourself every 3 hours…
It’s important that you hear what I am about to say to you.
Nothing you have to say to me is meaningful, in any shape or form. I invite you to wrap yourself in a burlap blanket, then toss your body into a lit fireplace.
I just allocated a large portion of my net worth into 31 stocks, designated for long term capital appreciation, 5 year hold. The fact that you didn’t know that, yet still chose to blindly comment in these halls earns you a life time ban.
Be fair, Fly. You allocated on exactly the wrong day – the top of the market.
http://ibankcoin.com/flyblog/2014/07/29/the-allocation-is-nearly-complete/
For long term holds, do you know what the theoretically perfect allocation timing is?
Ok, I will be fair and say this to you.
I intended to invest in these names over a 5 year period. Knowing the market could decline, I reserved 25% of my money and placed it in TLT. As you can see, that is up and paid a divvy.
My intention was to ride out the decline, profit from TLT, and then allocate those dollars into the stocks that I chose.
It’s also worth mentioning, I placed another 5% in short term trading idea. So, in other words, I have 30% of my assets in cash or near cash–hardly a the stupendous error you make it seem to be.
One final note: in my world 30% is equal to saying the market is going to die.
I will confirm that. Clients loath cash. But cash gives you and them options.
OK. Fair enough.
Well done sir. However, in the future you should consider the whiskey before administering the face punch.
Was so excited about SCTY this morning too…
fuck this market
it needs to pick a direction
hopefully one more big down day den we go up
Senor Fly, any thoughts on TYTE and WYDE??
We go higher.
Indeed