We have moved!

Commenting

Please visit our new blog at: http://blog.smartmoneytrackerpremium.com to read the latest posts and to comment.

Tuesday, November 22, 2011

PORTFOLIO CHANGE

A portfolio change has been posted to the website.

265 comments:

  1. ah ah ah...no, I think that you might be right, the battle has started...

    ReplyDelete
  2. Sophia,

    Neither of us is 'worse'.
    Despite my levity we both actually understand how the world works.

    Germany must crack and allow printing or the masters see their paper fiat world-of-theft-and-control start to crumble. Cascading defaults highlighting that it is all an illusion.

    And if that happens they can't put the genie back in the bottle for generations - people don't forget after going through that. Those from the 30's sure didn't.

    Can't have that now, can we.
    Nope. No we can't.

    ReplyDelete
  3. gotta love articles like this -

    http://www.marketwatch.com/story/gold-falls-fails-to-catch-safe-haven-bids-2011-11-23

    thank god the media isn't pumping gold

    ReplyDelete
  4. In for a small day trade on TNA @ 35.47 (7% of total portfolio - but only risking to the days low of 35.25).

    ReplyDelete
  5. >To the people who don't believe in all this red pill stuff, please ignore and go back to whatever it as you were doing. Clearly I'm delusional

    LOL!

    http://www.youtube.com/watch?v=nPVIldPqMX4

    ReplyDelete
  6. TZ,

    sorry for my poor orthograph...from time to time I get tired and forget to check the spelling

    ReplyDelete
  7. Blogger Troy said...

    GLD just went green.

    November 23, 2011 9:52 AM

    Some MINERS too. XG was $7.85 , all of a sudden it's $8.45!

    And AAU, GSS, IAG , green, many others recovering too (like down only 1% now).

    ReplyDelete
  8. Have a great thanksgiving everybody. Let's all stay safe.

    ReplyDelete
  9. TZ, nice job adding when you did. What price did you get, if I may ask?

    ReplyDelete
  10. Anyone else considering a USD short here? We're on Day 19 here and still setting new highs. The daily cycle trendline on Dec DX is around 78.40 right now, so that's pretty much a guaranteed point drop into a DCL from here. DX showing overbought readings on 60m and 4h RSI and getting close on daily RSI...

    ReplyDelete
  11. Even though charts and indicators are screaming rebound here, I don`t think it will happen in the markets.
    Maybe when SPX is at 1150.

    ReplyDelete
  12. Miyagi,

    Where ya been fella! I was gonna drop you an email make sure you are still kicking :)

    I was thinking we would see SPX 1150 today, maybe not.

    ReplyDelete
  13. 1160 on the /es is holding for now, double bottom.

    ReplyDelete
  14. WW,
    Been around, quite busy shoveling snow and keeping the house clean for the potential buyers. Finishing up some touch ups and catching up on sleep too.
    How are you holding up?

    ReplyDelete
  15. CNBC talking about fund managers torn on the direction of gold if Europe implodes, $500 and ounce say some, and others $4500.

    ReplyDelete
  16. LOL, the Gisele Bündchen index is kicking a**

    http://stockerblog.blogspot.com/2011/11/supermodel-gisele-outperforms-dow.html

    ReplyDelete
  17. Miyagi,

    Doing good...need to get back to work on the house! All the electric and insulation is finished on both floors, need to finish the sheetrock, maybe hire someone to come in and bang it out quick so my kids arent running around the house this winter wearing puff jackets with runny noses.

    ReplyDelete
  18. Yeah you don't want to collapse in a heap again... Maybe spend a bit of cash here for that. I hired a guy just to finish the sanding for me as I hate that very very much.

    ReplyDelete
  19. Miyagi,

    Yeah last time I looked like a floured and breaded chicken cutlet laying in sheetrock and saw dust. Not the way I want to be remembered...lol

    ReplyDelete
  20. I can't believe the house is finished though, sort of anticlimactic....
    How are your stocks doing? What's your outlook here WW, I see more down SPX

    ReplyDelete
  21. Miyagi,

    Rally into the close, turn today's candle into a reversal. Either bounce pretty significantly for 2-3 days or trade sideways for a week or so, while the dollar dips into a DCL.

    ReplyDelete
  22. WW,

    At the current pace the Dollar DCL might happen at 80.

    ReplyDelete
  23. Moved the TNA stop as past experience with TNA is that it tends to take out stops regularly and take off with out me. Going to hold the day trade till the close.

    ReplyDelete
  24. Troy,

    Its late in the dollar cycle though already.

    ReplyDelete
  25. W2,

    let's talk serious issues now- chocolate cake- mine use eggs, tiny bit of butter, tiny flour and tons of black chocolate...I am sure that it cannot be bad for your diet

    ReplyDelete
  26. Miyagi,

    I wouldnt be suprised though to see the market collapse further and take out the oct 4th low before bouncing, like I have been saying, we need to keep in mind that this daily cycle is left translated and could easily stretch to a 45 day cycle.

    ReplyDelete
  27. Soph,

    Do you have a recipe you can send me, I can eat a bit and share it with my kids? :)

    ReplyDelete
  28. French Chocolate Cake:

    8 eggs
    180g sugar
    125g butter
    250g chocolate
    50g white flour

    Melt butter and chocolate
    Separate eggs whites and yolk
    Mix eggs yolks and sugar
    Beat eggs whites and mix them to yolk+sugar mix
    Add melted chocolate
    Add flour

    Bake for 25minutes oven 180 degres celsius

    ReplyDelete
  29. W2,

    sorry, you need to convert grammes and Celsius..are you alright with that or should I send you an American version?

    ReplyDelete
  30. sorry guys, I am pretty cheerful tonight as I made a decent amount of hard currency Eur ( !!) by shorting this louzy Bund on Monday ( 2 figures from the back of my kitchen, will buy a nice turkey and wine for tomorrow...)

    ReplyDelete
  31. What is 8 eggs in standard vs metric?

    ReplyDelete
  32. Out eggs are square, how are yours??

    ReplyDelete
  33. WW, here's a healthy dessert recipe for you to enjoy:

    "Apple"

    1 apple*

    1) Eat the apple.

    * - A pear may be substituted.

    That's it!

    ReplyDelete
  34. Harry,

    LOL..I do eat an apple a day. I will just up the dosage on niacin and red yeast rice when im eating sophy's chocolate cake :)

    ReplyDelete
  35. Harry,

    not a very french attitude to life with heart issues...My Dad had a heart attack 18 years ago, the doctor prescribed aspirin, less salt and daily walk on the beach... here we go...

    ReplyDelete
  36. W2,

    of course I am just kdding...if your doctor said something, you follow his/her advice...I don't think that you want to see Hairy Bertha too often!
    Enjoy your family this w/e!!

    ReplyDelete
  37. Took off my SPX long, good thing I did because the market just puked right after.

    ReplyDelete
  38. WW,

    You shouldn't sell so much in this thin market ;)

    ReplyDelete
  39. Indeed, I think fat is unnecessarily maligned as the root of all evil/heart trouble. Look at the French in general - plenty of butter and delicious chocolate cake but relatively low rates of heart disease. There are lots of other factors at work which are either ignored by medical practitioners or simply not understood. In particular, I think there's a lot of emerging evidence that grains (not fat) are the real culprit in a lot of cases.

    But I, for one, intend to enjoy as much red wine and chocolate cake as possible while I'm still young!

    ReplyDelete
  40. Have a Happy Thanksgiving everyone, get nice and loaded on Tryptophan so we can all sleep until monday!

    ReplyDelete
  41. Strat,

    LOL..yeah I just brought the whole damn world down into the next session!

    ReplyDelete
  42. What a puke at the end. I guess it's fright to hold.

    ReplyDelete
  43. I think we should rename puke days to SB days. He likes those days so much...

    ReplyDelete
  44. Sir William Wallace, sorry I haven't read this blog for a while, but what's your take on gold if you don't mind (re-)sharing please? Thanks much, and hope you are WELL.

    ReplyDelete
  45. Harry,

    I got a bit above 1680 for all my buys today. About 1/3 my position has a stop near today's low. Rest of my position has a stop near monday's low.

    ReplyDelete
  46. IMPORTANT:

    I mentioned IB many times as a broker for recommendation in the past. (Personal opinion, of course. This post is at your own risk as always).

    When things were falling apart in 2008 I did a lot of due diligence on my own part as a customer.

    I looked at extra insurance, corporate polices, where they put client cash, computer systems and processes in place.... you name it. Not even counting the fact I was a customer for many years before and knew I could trust them and the systems from what I had experienced. Tight ship.

    The MF Global disaster has only helped to highlight that nobody will look out for you other than YOU. If you sit asleep at the wheel then you will have little excuse when you become a victim.

    individuals.interactivebrokers[PUT.DOT.HERE.TO.FIX]com/en/p.php?f=ibgStrength&p=a

    Go to that page and make sure you fully read each tab: Financial protection, Security, FAQ, Login.

    IB puts a lot of work into how they run their company and why they suggest they are better than others.
    As you read point by point, I suggest you will come to realize why I believe they are the best choice out there.

    To anybody with a commodity account somewhere else, I highly encourage you to compare - point by point - what you are using vs what IB has. You will likely find that your current choice is woefully lacking in many of them.

    I've reviewed the MF Global "why you are safe with US" PDF they had on their site before it was taken down and can say that it only had the bare minimum statements and didn't even come close to IB's comprehensive and thought out approach to multi-layered security and protection. Maybe there was more on the MF site, but not by what I'm hearing in the news as to how this recover is going and what happened to people.

    ReplyDelete
  47. CONTINUED:

    I'll give you a few examples:

    1) they didn't appear to have any excess insurance from a 3rd party. IB has Lloyd's of London. Note also that insurance companies don't like to write policies they think will have to be used, so maybe no 3rd party was UNWILLING to cover MF. Remember that before writing a large insurance policy, such a company will usually evalute the target as a risk. If they don't like it they won't insure. It's a two way discussion.
    (AMTD, Etrade, and others have extra insurance. Do you know what they are? How they relate to assets? Does your firm?)

    2) An IB account (standard US) includes BOTH a security side and commodity side which are LINKED. At IB any excess cash (including profits) beyond margin in the commodity account is SWEPT (nightly as I understand it) to your security account side. In the US a "security" account is much more protected than "commodity" account. Most of the problems you are seeing with MF are with people who had commodity accounts. And from my understanding there was no similar dual account setup or sweep at MF so all their cash and profits were in those lesser accounts when the BK came.

    The list could go on, but that is a taste. Some of you will listen to me and do the work. Some won't care and darwin will probably pay you a visit in the future. Not my problem cause I gave you enough to start and help out.

    You will be smarter, tougher, and hardened as to the safety of your money. Maybe you even find a better broker and my choice has problems.

    NOTE: of course that IB considered MF, checked them out and then RAN away from the deal. They didn't even want the rag-tag customers after cause they could tell how bad it was going to get.

    And also note that IB is traded publicly (like many others) IBKR so you can watch the stock and if that starts to crater on fears you will have another way to be alerted. (And to be public they have more audits and filings.)

    So that's my bit. It is ALL OPINION. I'm only a customer and get nothing for saying this (except what I believe to be one of the safest accounts and firms in the business.) If you benefit and choose to agree then IB would welcome your business and having more business helps them and me and you too. win win win.

    Same disclaimer as before. These are ONLY my OPINIONS and not professional financial advice. I may be wrong and you are on your own with whatever decisions you make.

    All I can say is I didn't go down with MF global as a customer of the LARGEST commodity broker in the US. And I don't think I'll be going down in the future either. How sure are YOU guys?

    ReplyDelete
  48. TZ - thank you for your info on Interactive Brokers. I switched to IB last year from Schwab since I was looking to short VXX and Schwab didn't have shares. Didn't know IB has so much more benefits.

    ReplyDelete
  49. This comment has been removed by the author.

    ReplyDelete
  50. PS: to you all you guys from WHEREVER always posting "I live in X and want a good broker in MY country" let me point out that at IB you can, essentially:

    1) open an account from ANY country

    2) open the account with either IB US, IB Canada, IB UK, or a few other subsidiaries;

    3) set the account to be BASED in ANY main currency

    4) and trade in pretty much ANY security on ANY exchange ANYWHERE in the world.

    So I'm pretty sure this covers all you guys who keep asking for a good broker in X country and don't take the time to look for somebody who covers ALL countries.

    NO, IB doesn't have 'branches' to walk into and get free coffee to talk to some moron who gives you bad advice. (I marvel at the people posting here or gary's blog who say "My broker is about to leave work, should I trade now or wait". What? Seriously? You know there are these things called computers that don't sleep,right?)

    NO, IB doesn't want somebody who has no investing experience or no money or is unwilling to learn things by reading on their own.

    NO, IB won't give you advice on what to buy or sell. NO they don't have a bunch of mutual fund screeners or useless reports or commentary from investment firms (why are you on here with Gary if the drivel you have right now is so good?)

    Great I say to all these! Keeps MY costs down and the phone lines open and the systems running properly.
    -----
    Again I say my comments are opinion and believed right. Maybe I'm an idiot giving you bad advice. Investor beware. This is not professional (or tax) advice and you are responsible for your own actions.

    ReplyDelete
  51. This comment has been removed by the author.

    ReplyDelete
  52. correction (sorry gary for not proofreading):

    "Gee, TZ. They have to have a negative. Nobody is perfect, what is it?"

    Glad you asked.

    Well the main disadvantage I see is that their charting or analytical software part of the trading platform isn't that great.
    It barely gets the job done as far as simply letting you view or keep tabs on a security. It is awkward.

    My main charting application is Esignal/Qcharts (although I keep a gold/silver and dollar chart open from IB all the time on one screen).

    The charting/analytical part also doesn't have scripting or testing or custom indicators or any of that stuff.

    Tradestation is better in this regard. Or think-or-swim. Or a few others many of you are aware of.

    IB's trading platform DOES connect and have an API and WILL work with other applications which can use their quoting data or execute automated trading or whatever. But you have to get this other program, pay for it, and get it setup and programmed.

    Many high end people do this, but you wont get it out of the box like on think-or-swim or tradestation.

    If they would buy something polished or partner up with somebody who already had this stuff it would fill the last major hole as I see it.

    I also wish the Android app could do more and wasn't so limited.

    For systems and testing and scripts and good (free) charting It would appear to me your best option is to open a small account with Ameritrade/Think-or-swim, park some minimal money there and use their system for all that. But then use IB for the rest. I haven't done that, but I'm gonna check out TOS platform at some point.

    Buyer/Investor beware. Again just my opinions on all this stuff.

    ReplyDelete
  53. While I originally started the IB comments about security, and also then pointed out they have subsidiaries covering almost every language and main countries in the world, they also have some of the lowest costs and commissions ANYWHERE.

    Good luck matching them against whomever you use now.

    The margin interest rate on USD over $100k is 1.08%.

    A gold futures contract is 85 cents (plus regulatory fees as is normal for everybody).

    Buying 100 shares of GDX is ONE DOLLAR.

    Buying an option on GLD or GDX is ONE DOLLAR.

    You can read all the specifics yourself and verify I'm not lying or wrong here, but good luck beating this with whoever you use now:

    individuals.interactivebrokers[PUT.DOT.HERE.TO.FIX]com/en/p.php?f=commission

    Note that link is, I think, for US based accounts (and shows the costs including trading non-US securities too.) If you want to base in another country It might be different. The country launch page is here:

    individuals.interactivebrokers[PUT.DOT.HERE.TO.FIX]com/en/ibglobal_sites.php

    ReplyDelete
  54. If you go to the commissions page you will see that those prices I just gave you such as "ONE DOLLAR" are the MINIMUM.

    You actually pay LESS if you trade more than small amounts like a single option at a time. I think most of you trade more than single contracts or options.

    ReplyDelete
  55. And to close in fairness since I am a rational self-motivated person, I want to definitely hear of ANY company that one of you thinks beats IB.

    I want to know cause I'll be JUST as interested in switching to them as I am attached to IB at present. But I have never found anybody close.

    Still...I'm all ears.

    ReplyDelete
  56. Bill needs to stay at whatever broker he is on though.

    :-)

    ReplyDelete
  57. TZ: "For systems and testing and scripts and good (free) charting It would appear to me your best option is to open a small account with Ameritrade/Think-or-swim, park some minimal money there and use their system for all that. But then use IB for the rest. I haven't done that, but I'm gonna check out TOS platform at some point."

    Exactly! That's the setup I personally use. And for anybody with any serious amount of $$$ at TOS, check out a chart of their clearing firm Penson (PNSN). Class-action lawsuits and "accounting irregularities" alone are red flags, but that chart says it all.

    ReplyDelete
  58. This comment has been removed by a blog administrator.

    ReplyDelete

Please see the link below to comment on the new blog.

Note: Only a member of this blog may post a comment.