iBankCoin
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
3,789 Blog Posts

So Many Missed Ideas

I get a certain type of perturbed when I miss a good opportunity.  It’s 2013, shit’s cray.  I’m calling a generational transformation right here, right now.  There are things we don’t even know we want yet, that will be indispensable in three years’ time.  In such a phase, if you don’t keep tight and on point, ideas simply drift by, like fat salmon drifting up stream.  With such a flow of fish it’s only natural that a few slip by.  Just know someone else is eating those delicious missed fish, living in the lap of luxury.

Things are going well, don’t get me wrong, but I missed two jumbos this month.  I’d say it’s a good problem to have, too many ideas flowing.  Being the opposite, following a template lifestyle of sorts, is certainly a drag.  So I’m venting two big trades I missed.

BBY all month and TPX this week

BBY was a certain type of fail, where I just continued to fail.  It was my Super Bowl pick.  I do things, like my Super Bowl pick, or March Madness pick, mostly by looking at the charts.  However, when I can incorporate an external, although often subject to extreme subjectivity, it makes the trade all the better.  I overheard (read) that BBY had a funny commercial game day.  I like funny; it’s the safe play for big time commercials.  I bought January 31st, a decent entry, of the higher octane variety.  I stopped out, and looking back that made sense.  However, I let it linger on my watch list, and it gave two more entries, and I missed them.  It’s been ripping.

TPX I have gotten so much of.  I’ve been on that trade all.year.long.  That is until missing today’s pump.  I sold it a few days back citing a very flimsy formation of a notorious double hammer position.  Truth is, I didn’t have much reason to sell, I found one, as Chess likes to say.

That’s all, just getting that off my chest.  Onward and upward.

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5 comments

  1. elizamae

    At least you’ve been in TPX some. I’ve been talking about the damn thing since January and haven’t bought a single share.

    Why?

    I don’t know, but I should look into it.

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  2. DJMarcus

    Something I used to do is is keep a base position in something and fluctuate how much I own of it if I’m trying to time it. If you don’t mind keeping some capital tied up, not a bad idea.

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    • Raul3

      That is the premise behind my scaling approach. But scraps started building up in my portfolio. It became a bit much to manage, 14-15 positions of the 2-3 percent variety.

      My plan needs to address this.

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    • elizamae

      If you don’t mind my asking, you speak of this strategy in the past tense…why is that?

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