05-21-2021, 10:48 AM
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Ever notice how we usually don't buy a dip immediately off a disappointing earnings report unless its an extreme over-reaction? It's because more often than not the day after tomorrow's price is even better.
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Interesting - I could trim on the 3rd consecutive up day.
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Doing everything gradually seems to work better on average because we won't time it perfectly, but instead react to the market's mood swing of the day or hour. Reacting to daily swings probably ends less than optimal. Most day traders lose money and that is what you basically said you are going to do. If it was easy most actively managed funds would beat the indexes. That is not at all reality going back decades.
[quote pid='26325' dateline='1621607446']
(05-21-2021, 06:32 AM)ken-do-nim Wrote: I'll still be looking to buy the new entity; I think HBO MAX has a lot of promise.I like that plan better than your previous ones the past few months. We've obviously been trying to convince you to lighten up the leverage for a less stressful port in a fully valued market. It's good to take profits from gambling positions. Just be mindful that trends last longer than 24HRs. You are talking about potentially trimming a winner the first day into a rally, and buying a falling knife the first day into a beatdown. This is called day trading and you'll outsmart yourself.
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Going to be starting a new strategy today in ROTH-land. From now on, every day I will siphon just a little bit from the top 2-3 gainers, and move the money to the bottom 2-3 losers (or others that need rebalancing). Also I will continue to branch out from triples and add other growth stocks & etfs (such as this new HBO MAX company). It's less than half the size of the taxable account so I don't want to have too many equities in there, but I'd like it to aim for more of a 50/50 balance between leveraged growth and standard growth.
Ever notice how we usually don't buy a dip immediately off a disappointing earnings report unless its an extreme over-reaction? It's because more often than not the day after tomorrow's price is even better.
[/quote]
Interesting - I could trim on the 3rd consecutive up day.
[/quote]
Doing everything gradually seems to work better on average because we won't time it perfectly, but instead react to the market's mood swing of the day or hour. Reacting to daily swings probably ends less than optimal. Most day traders lose money and that is what you basically said you are going to do. If it was easy most actively managed funds would beat the indexes. That is not at all reality going back decades.