I post in threads about trades I make after the fact and sometimes as it's happening. Whether you or anyone else believes or respects it or not, means nothing to me. I'm not trying to impress anyone. I've been hit by drive bys here for no reason other than posting my opinions/thoughts and what I'm doing. I do that and I like to hear what others are doing and thinking that's it. I may naively think everyone is like me though.
I've said this before anyone here can think I'm Warren Buffet/David Tepper/Carl Icahn and whomever else all rolled into one or you can think I'm Joe Retail, I am, dumber than dog poop and I post "garbage analysis". It neither adds a penny to my bank account or takes one away whichever you think.
I don't get why people have to put others down for no reason. What is it? To make themselves feel better or what I don't know. If you don't want to believe somebody here then don't. If you don't want to believe what I post or think it's dumb then fine but what's the point of insulting, which some do and not adding anything constructive or don't post at all if you think the post is dumb. I don't bother posting in many threads I have no interest in. I don't post things I've done or am doing for a "mine's bigger than yours" attitude or anything like that. I just do it to talk about what I've done and what I think and hopefully hear about what others are doing or think, that's it. I'm not a social media person and I'm not looking for attention just discussing topics that interest me. I don't put anyone else down but somehow some feel the need to do so to me at times for absolutely no reason.
That's the purpose of any thread and topic here, just discussion as I've said many times, but what are you gonna do it's the internet.
You can believe this or not too, but I don't really lose much money in most of my trades for quite some time. It's not because of shame or anything that I wouldn't say. It doesn't mean I make a killing on many of them either or I am swimming in it or that I don't have to hold a stock longer than I anticipated. Main point is I'm content with my returns as compared to the market so I keep doing it plus I like it and I've been doing it since my 20s.
I've said this but the one time I lost an appreciable amount of money was during the financial crisis and putting some money in the banks. And there you'll see my reaction to that is a typical reaction of a retail investor, they get burned and they don't come back. I've said this before too I don't invest in financials now outside whatever mutual funds I hold and in my personal trading V, MA. They can go to the moon and they've been doing well lately but my thinking is greed/animal spirits always come back and regulations can be loosened and I can't trust that CEOs always know what's going in their banks so I stay away. But in my overall trading I haven't been burned like that and that's why I keep doing what I'm doing for 15 some odds years plus I enjoy it. If I was losing money or making pennies like in a savings account that wouldn't be the case.
What is my general tact in trading. Usually in large cap names that I trust, universe is probably about 150-200 or so stocks and many times dividend payers. I always say know your psychology and I know mine. I don't go far out on the risk curve, like Valeant isn't a name I'd touch, names like UAA, SBUX, V, MA, NKE, etc.. (basically listing no or low dividend payers) are the extent of my risk curve generally. There are basically two times I like putting money to work, if a name I like has become IMO oversold and around earnings season where you can get bigger moves both up/down depending on results/guidance. The key thing is I always have cash to deploy (basically never fully invested no matter what) if things go down further/longer than I may expect (that whole market can be irrational longer than you can stay liquid, I don't let myself fall prey to that) and average down my position and eventually since the names I hold are steady strong brands they usually turn around sooner or later and get some sort of rally whether it be short or long term. That's it, nothing particularly special or earth shattering and with some technicals and charts it works for me.
Now you can think my whole long post is a big load of crap, so be it. I don't think I'm superior, nor feel the need to be or impress or anything else for this or anything else I post here. I just come here to talk about topics that interest me and hear what others think, that's it. You can completely disagree with my posts and be constructive about it and I like that and am always open to hearing opinions but taking pot shots for absolutely no reason, what's the point.
