rjm77me's Blog : Feds discount rate raised - what to do now!

I say :-) 3J

IMHO, this is a very good sign. Some very awesome bull markets have followed Interest rate increases. Think about it. We didn't get a rally until they stopped lowering them. This is a positive development. Regardless of what happens near term, this is a sure sign new highs will follow any weakness :)

joe justJoe or Sir 3J- This site does not put food on my table. Some folks just do not get it. I am talking of Real Money and not paper money. Why else did I say sell 50% - you do not sell 50% of any stake on this web site.
I do not know who the might mouth is? Sir 3 J--You are again insulting some one else via my blogs.
Please put your house and mind in order - thanks for great wonderful suggestions. Some folks see the dark side in every thing and are happy to keep on throwing stones and what ever else at others.
I have yet to see a constructive remark from you except go short on every thing and foul language. I hope you are not teaching foul language to your kids.
Please protect your real money account - that is all I care.
I have a list of 70 stocks - 80% plus go up 5% plus with every earning announcement. I can buy those stocks in my real account with real money with out being insulted by you on daily basis. I made good money in HPQ in last 5 days - did you? I made 40% plus in HPQ with options trades and not 2% you keep implying. I bought TZA at $9.25 with my real money this evening - did you do that?

Smile and have a wonderful day - good bye

TickerBandit - I agree with you. Friday could be a whip saw day and that is why I will be buying some stocks in my real trading account. I am 50% in cash in real money account due to market conditions. Every stock is not going down the drain - over all market could be in red in the morning.
If one loves a stock - it can be bought cheaper at the end of the day - some of the time and that requires nimble trading.
Thanks

...thaaas all :-) 3J

JoeJustJoe - What else can I expect from you - except more insults.
I do not care if any one follows me on this web site - that is none of my business. I do express / share my opion which this web site allow me.
What I promote is betweem me and this web site. Are you an employee of this web site - then fix the darn problems.
From now on I will delete all your postings to my blogs. I do not care who else is doing WHAT on this web site. I do look at others picks and use them for personal account if I like.
Thanks Bud

rjm77me

Good post.
All 7 points make sense.
If you have read my recent posts, you'll see I've taken to daytrading to avoid holding stocks/equities overnight. I however have two stocks I holding long term and will keep those although I expect to see them drop short-term tomorrow.

It's extremely unfortunate that the FED has decided to raise the subject rate at this time. The market appeared to be clearing itself of the bad news.
It's very difficult to see what the FED sees in making this move. The economy is definitely not overheating, instead it is still on thin ice. The Job reports are still bad. Consumer spending is still bad. The major companies that report good earnings are doing it on reduced costs and not on increase sales or revenue. The world economy is in bad shape as well. Banks and financial institutions are continuing to fail. We are definitely not in an inflationary period. I really don't see any real reason for the rate increase. NONE! The market has been in a slump until this week where it showed a little light and now this. Oh my! The rate increase appears to be a huge mistake for my vantage point.

As to deleting comments. I agree. I delete that particular person's comments on my postings. Nothing that individual states contibutes to the purpose of this website. I (we) have the OK to do so by the PP folks (this is on record).
.

the USD looks pretty bullish in the near term.

http://stockcharts.com/h-sc/ui?s=$USD&p=D&b=5&g=0&id=p35496129652

TB - I agree with you.
BSNBC - the USD has been bullish over the last 2 and a half months!
Mo - The pain is going to have to come sometime, let's take the medicine and get it over with.
RJM - I wouldn't tell anyone to just "sell at the open". A little TA goes a long way.

Somma the longs will be needing a GOOG laugh today. :o 3J

3J- Yes, Some folks made enough for lunch and dinner for today - did you make $108 in first 20 minutes on long side in real money - Did you? I did
I had bought just 1 call on JCP yesterday at 70 cents and sold at 1.60 and made money in BBY calls too. Did you read my BBY blog? JCP watch was on my buy watch list and earning announced this morning. TZA made another $30. Thanks you market.

10:15 update - all the picks made in last 3 days are in green in real money - beating the market is important on this site only in paper money. I am ok as long as my real money is making some thing. In MGLN cashed $60 this morning.
Yes I will be buying some stocks or options which go on sale.
I will be happy to know if you made real good money this morning - Sir 3 J - I wish you a Great profitable Trading day.

Hey...thanx Rimm-me! I'm sho I'm gonna have an awesome day. Actually, we are 'finally" gonna get a trade we kin hold for a few daze. ...and that's always GOOG. *-) BTW, it "might" be more helpful ifn you "pre-announce" yer GOOG trades like the one you "said you made" with JCP instead o'the crappy ones you are bloggin about. I didn see you say anything about JCP atall...cept that you made money. How come you didn tell us about the FSLR puts ya bot going into last night's errrnuns report? :-) 3J

Are you paying for JCP info. You target for JCP is no where near where it is trading - I will announce to folks who respect info. You need to earn my respect by your actions. I do e-mail free picks to few folks from this web site. Those folks provide value added info to me. I had stated very clearly that my info will be free till April 15 - that is at least 60 days. Some smart folks took advantage of it and for you it caused indigestion. They are winning 3 to 6% in just last 3 days of trading. Not bad in this up and down market. Some folks see dark side of every thing - you decide where you fit in Sunny side or the dark side.
Right now your browny point and in negative area.
I will charge when I am ready and my web service is ready which will take another 2 months.
You want to trade FSLR - go ahead it is not my kind of stock at this time - Just go and make some money except talking about FSLR like a broken needle on old LP records. Did any one stopped you for not trading FSLR?Or is it sour grapes and hurling insults is all you know off. I do not mess up what you do in private or on this web site. I do not waste time on non productive things.

I will do what I need or want to do or what is between me and this site web master?

all the bad news about unemployment and government debt makes it very difficult to go long. but it's better to buy stocks when all the bad news is already known. expectations are very low.

not much good news is priced into stocks. easy to beat expectations when they are near the bottom.

I wouldn even sssthink o'trading JCP cept to the downside once it trades thru $31 dollahs. As fer as the solars go...t.aint no need to own any of em at this point cept thisn right cheeeya >>> SPWRA ...so keep an "I" on it. Me, I'm personally adding to chort postions by buying VIX calls...plus I bot 100 FAZoo for the "pending" move up thru 22.52....it'll "probly" trade up thru $24 dollahs actually. I will also be Dublin my position in YRCW here soon I'm wreckin. I just stopped by to give instructions on how to handle that thur in one o'me nudder postes..the one befo thisn actually. BTW, you can 'expect" my per pick score to be in positive numbas within 1 week. Doan fergit to congratulate me. :-) 3J

What I noticed is certain stocks go up against market. It takes time to identify. I am learning and using the info in limited way for personal trading. so far I had 87% positive results and they did make 5 to 15% pop in 5 to 7 days. Most of the stocks were in decent spot and off up to 10% from their high. I am buyer of MON on $1 pull back. It fits the description.
One just need to trust the info, which can be difficult in this market.

3 J - I will congratulate you in advance. mY BEST WISHES WITH YOU ALL THE TIME.
I love to learn from experts - i have tons to learn from the Wall Street experts.
You talked about JCP - I had JCP at another site do goggle search for jmclr and i closed at that site for 12% profit. You will have to look at closed entries.
My last 900 trades have 85% accuracy on that site - overall is 70% plus. I was only 58% one year ago. So it averaged to 70 plus now. That site has none of the stuff you keep on talking. Remeber it is not based on one or few trades . It is 900 trades.
Regards

:-) Anyhoo, have a GOOG weekend and may the 4's be with you...as in 4% per pick *-)3J

The average pick score is not a good performance measure statistic ..

Some people mistake the average pick score for percentage gain.
The avg pick score is the difference between your stock percentage gain or loss against the S&P500 gain or loss. As an example you can have a 5% gain in a stock but only a 1.00 pick score on that stock. If you got the gain for example in two trading sessions and sold, I would call that very good and you pick score would be a 1.00 in this example). . Frequent traders are going to have a lower avg pick score against those who hold equities longer term. The average pick score is not a good statistic as a performance measure tool.

! LOL 3J

rjm77me,

I'm don't know if new highs come before a new low or not. If we get a new low, it will be one of the best, if not the best, buying opps of the year. My sense is that a new low comes before a new high but that conflicts will some fairly reliable indication which says that new highs and higher lows are probable.

The question is, is the correction over? Buy signals fail while corrections are underway, so if it isn't over then we'll see the new lows before the rally which trends begins.

TB

Your call of a 'correction' was a correct call. You also indicated that we would come out of it with a higher high.
Friday's market session was interesting in the fact that the market didn't have a down day given the news the previous evening. I believe this shows solid market strength.
I have not left any of my real world market purchases overnight in the recent market. I might start next week. We'll just need to see if the market readings warrants doing so. The weekend wall street journal edition headlines that flat prices bode well for the economy, that consumer prices are not really rising which is a boon to shoppers. I'm all about consumer spending as a key indicator in the current market. The journal stated that the absense of inflation pressure partly soothed market fears of the increase in an interest rate by the Fed.
(I continue to use my no-commission ETF's to daytrade. I expect to get a call from my broker stating I am abusing the privilege..but until I do I'll continue to use it in that manner).

I feel the market is showing good strength in short term. What happens next week or next month is any body's guess. There will 30% folks who will not agree to any view point.
Example 3J want to short JCP when it reaches 31 while a I will be happy to make $3 till it reaches $31. 3J is perfectly right in his opinion for that stock based on his views..
The dollar direction will influence the market. I have seen some de-coupling of dollar trade. My humble view is that the rate of market going up or down will be 50% of rate of change seen 2 weeks ago due to dollar going up or down.
I prefer to respect all opinion as long as fouls language is not used. I have deleted or edited some comments by 3J due to derogatory or foul language.

rjm77me

Don't be fooled by that individual. He has been on here for a long time and isn't going to change. He has not provided nothing positive to the site and appears only interested in bashing fellow bloggers and getting attention to himself . I delete all comments he makes on my posts. He even gets malicious in his comments. Recently he wrote (in my opinion) an extremely unfair and evil malicious post on a well respected member of the community (MTK) , an individual to my knowledge who has never resorted to any negative comments to this individual. It was so bad that it was deleted. I was very encouraged by this and was hoping that the powers-to-be actually will delete him from the site. He has been a 'virus' to this site. He is only interested in ruining the reputation of those who attempt to provide information and education to the community. A word to the wise, delete all his comments, all of them. I firmly believe a number of former bloggers are not writing blogs on this site because of him. This has gone on way too long, it's time others take action against him. He falsely, maliciously, and errorously writes of me constantly on sites where there is no reason to comment on me. If you let this person continue to comment on your posts, i will guarantee in a month or so you wish you did not. He takes time away from the real purpose of the blogging on this site. Good luck rjm77me. He is so jealous of your numbers and what you have provided on this site that he is insisted on ruining your good name.

One should not get too concerned about the winning statics from this web site. One can use this site to find and compare notes from like minded traders.

The average gain shown on this site is not a true indicator for frequent trader. My portfolio starting with $50,000 in 07/ 2009 is worth $90,000 plus. This includes the cost of trading. This is based total capital at the end of each month divided in to 10 eaual amont trades. The amount available for each trade in last 10 trades was $8,400 instead of $5,000 for first 10 trades.. The compunding can do magic. This is based on the trades bought and sold as shown on this site.
My calculations may not be accurate. Who cares it is still a decent profit. Folks can do their own math.
Will you be happy if your portfolio net worth went up by 50% (instead of 80% by my calculations) in 7 months?