Investing

What did you buy? What might you buy??

  • Last Updated:
  • Oct 16th, 2018 1:49 am
Tags:
None
Deal Addict
Nov 6, 2015
1078 posts
781 upvotes
Oakville
Out of remaining ES at 2622 (+45). Flat into the weekend.

Something about today's low just seems off to me. A single tick over Sunday night's futures low and buy programs kicked in immediately. Seems a little too easy lol.

I plan to re-enter once we break 2650 to the upside. Until then, all we have is a series of lower highs and lower lows.

What a week! Haven't been this exhausted since election night 2016. Have a great weekend all!
Images
  • Capture.PNG
Deal Expert
User avatar
Sep 19, 2004
21690 posts
3857 upvotes
Waterloo
From November 9, 2016 to February 1, 2018, the S&P 500 traded in an average intraday range of just 0.6%.

But since Friday, February, 2, we’ve had an intraday trading range of nearly 3%.


Many active traders love it, because we're seeing plenty of wild swings back and forth.

Longer-term investors, of course, are worried about a major pullback.

All the major indices are about 10% below their all-time highs set in January.

Not one of the major equity ETF's I follow is close to its highs. Consumer staples and regional banks are doing the "least worst," though not by much.

Meanwhile, energy, utilities, and biotechnology stocks have taken the biggest hits.
https://www.t3live.com/blog/2018/02/09/ ... -serenity/
Which Credit Cards to sign up? >> Jerry's List of Credit Cards with $200+ Welcome bonus/Aeroplan & AMEX Churning FAQ
AMEX Personal 60K || Business Platinum 75K || Biz Gold 40K || SPG 20K
Newbie
Jan 15, 2013
62 posts
12 upvotes
Kamloops
Buying xic every time the tax dips 200points, that way I can feel good about the crash :)
Deal Fanatic
User avatar
Jul 19, 2003
7464 posts
385 upvotes
Jeenyus1 wrote:
Feb 9th, 2018 8:31 am
Marko Kolanovic Global Head of Macro Quantitative and Derivatives Strategy from JPM released a report last year explaining Machine Learning and Big Data investing. He wrote how fundamental 'discretionary traders’ account for only about 10 percent of trading volume in stocks. Passive and quantitative investing accounts for about 60 percent, more than double the share a decade ago.

He also wrote about how Big Data and Machine Learning will change the investment landscape. Essentially, the market will react faster and will increasingly anticipate traditional or 'old' data. Ie: we are in global reflationary period - thus higher earnings estimates coming in across all indice components and higher economic data releases to support. Therefore the risk is inflation ie: higher bond yields. This is essentially the data relationship that turned the HFT's to trigger selling, and selling begets selling leading into the now infamous 'XIV crush'.

No one knows what the next data triggers will be to entice buyers but I think it's simply going to have to wait until sharebuyback blackout periods are over. Until then I'll stay put entirely with my existing positions but have bought new positions in good companies and will continue to buy.
Not doing the big buy in tomorrow anymore? (you were saying you were waiting till monday for the transfer)

I was planning for Monday too because I think Friday's dead cat bounce will lead to some sell off this week, then we'll jaggedly go back to all time highs.
hi!
Deal Fanatic
User avatar
Oct 9, 2008
5251 posts
1720 upvotes
Thornhill
masterhapposai wrote:
Feb 11th, 2018 1:01 pm
Not doing the big buy in tomorrow anymore? (you were saying you were waiting till monday for the transfer)

I was planning for Monday too because I think Friday's dead cat bounce will lead to some sell off this week, then we'll jaggedly go back to all time highs.
Unfortunately an RRSP bank to bank transfer takes much longer than I thought.... We went in this weekend to sign the transfer papers and I was told it'd take up to 3 weeks for the transfer to be completed.
Member
User avatar
Feb 17, 2017
445 posts
59 upvotes
Im buying neo lithium corp NLC
The next big sector is lithium mining stocks. There are quite a few reputable Canadian lithium muning companies .
Who you know matters sometimes but what you know is invaluable
Deal Addict
Nov 9, 2013
2407 posts
1049 upvotes
Edmonton, AB
Adding to:

CAN: CNR, ENB, TRI

US: VZ, PAYX

New Position:

US: PG
Deal Addict
Jun 27, 2007
3872 posts
825 upvotes
bot NAS pre-market 6460, sold 6505
shorted ES 2653, NQ 6508

IMO, I will be covering near Friday's high (2630,6440) and go long. The bounce to continue...

p.s. tight stop near break even. everything can happen

edit: boom, covered half ES 2630. Riding the rest... stop 2640

edit2: some support near Friday's highs, but weak. Will keep full NQ and half ES shorts until test of 20MA. 2590/6350. Adjusting stop down as we go.

edit3: market turning, covering. 2629, 6450
Last edited by dlhunter on Feb 12th, 2018 9:56 am, edited 3 times in total.
After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!
Jr. Member
Feb 25, 2015
150 posts
36 upvotes
Double down on ENB last week, just above water now.
Newbie
Jan 30, 2018
16 posts
2 upvotes
Sold irbt, earn 5 to 6%
I will buy this stock again in the future.
Deal Addict
Jun 27, 2007
3872 posts
825 upvotes
neutral now. Russel negative, as well as mid caps. Dow/Nas strongest.

buying ES 2630 - filled. stop below 2620. Moved stop 2626.5

Infrastructure plan is huge disappointment. Only 200B spread over many areas? And local/state must find remaining 80%? State/local governments are stretched and some are BK, raising local taxes will kill federal tax cuts, lol.
Last edited by dlhunter on Feb 12th, 2018 10:43 am, edited 2 times in total.
After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!
Deal Addict
Dec 3, 2014
1224 posts
278 upvotes
Ontario
dlhunter wrote:
Feb 12th, 2018 10:43 am
neutral now. Russel negative, as well as mid caps. Dow/Nas strongest.

buying ES 2630 - filled. stop below 2620
Can you decipher your trader speak?
Deal Addict
Mar 22, 2010
1821 posts
293 upvotes
llpresident wrote:
Feb 12th, 2018 10:56 am
Can you decipher your trader speak?
He's bullish on ES :) which is a relief for me.
Deal Addict
Aug 17, 2008
1451 posts
713 upvotes
dlhunter wrote:
Feb 12th, 2018 10:43 am

buying ES 2630 - filled. stop below 2620. Moved stop 2626.5
Running a trailing stop in your head?

Top