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Just my luck!
Posted: Thu Jun 21, 2012 10:37 am
by Pointedstick
Figures I buy my first gold coin right before three consecutive days of decent-sized losses for gold.
I've definitely noticed this pattern in my investing behavior: nearly every time I make a conscious purchase (not a monthly contribution), what I just bought falls, and whatever I sell immediately shoots up. Is this just a case of bad luck, or am I ignoring some obvious market signals? I don't really know anything about technical analysis.
On the other hand, EDV is going crazy on the other direction!
Re: Just my luck!
Posted: Thu Jun 21, 2012 11:55 am
by Storm
After a while you won't care as much. It took me a while to stop seeing assets in isolation too. I still look at my Fidelity portfolio and cringe at the few assets that are in the red and look optimistically at the majority that are in the green... This is just a side effect of my past trading experience.
Re: Just my luck!
Posted: Thu Jun 21, 2012 12:49 pm
by AdamA
Pointedstick wrote:
Figures I buy my first gold coin right before three consecutive days of decent-sized losses for gold.
I've definitely noticed this pattern in my investing behavior: nearly every time I make a conscious purchase (not a monthly contribution), what I just bought falls, and whatever I sell immediately shoots up. Is this just a case of bad luck, or am I ignoring some obvious market signals? I don't really know anything about technical analysis.
On the other hand, EDV is going crazy on the other direction!
Just bad luck. Ultimately, it won't matter much.
Re: Just my luck!
Posted: Thu Jun 21, 2012 1:29 pm
by dualstow
There must be someone who bought at 1800
... and sold at 1600.
Re: Just my luck!
Posted: Thu Jun 21, 2012 4:32 pm
by HB Reader
AdamA wrote:
Pointedstick wrote:
Figures I buy my first gold coin right before three consecutive days of decent-sized losses for gold.
I've definitely noticed this pattern in my investing behavior: nearly every time I make a conscious purchase (not a monthly contribution), what I just bought falls, and whatever I sell immediately shoots up. Is this just a case of bad luck, or am I ignoring some obvious market signals? I don't really know anything about technical analysis.
On the other hand, EDV is going crazy on the other direction!
Just bad luck. Ultimately, it won't matter much.
That is absolutely right. In my experience, Mr. Market LOVES making a monkey of us in the short run. If you have a sound strategy, it won't matter much in the long run. Just try to stay happy and healthy so you can enjoy the long run.
Technical analysis may have some useful applications in certain circumstances, but I've never found it even remotely useful for a PP-type strategy.
Re: Just my luck!
Posted: Thu Jun 21, 2012 8:25 pm
by FarmerD
Dennis Miller had funny take on investing.
" A bear market is where my stocks go down in value along with everyone else's. A bull market is where my stocks go down all by themselves."
Seems that way sometimes.
Re: Just my luck!
Posted: Thu Jun 21, 2012 9:52 pm
by AdamA
FarmerD wrote:
Dennis Miller had funny take on investing.
" A bear market is where my stocks go down in value along with everyone else's. A bull market is where my stocks go down all by themselves."
Seems that way sometimes.
Is there anything creepier than when Dennis Miller appears on the Bill O'reily show?
http://www.youtube.com/watch?v=PcfBGThoYpI
6:09
Re: Just my luck!
Posted: Sat Jun 23, 2012 5:24 pm
by jackely
Pointedstick wrote:
Figures I buy my first gold coin right before three consecutive days of decent-sized losses for gold.
I've definitely noticed this pattern in my investing behavior: nearly every time I make a conscious purchase (not a monthly contribution), what I just bought falls, and whatever I sell immediately shoots up. Is this just a case of bad luck, or am I ignoring some obvious market signals? I don't really know anything about technical analysis.
I would suggest getting reliable data to prove your assertions about the guaranteed failure of your investment decisions. If the rest of us become convinced we will know to do the opposite of what you recommend and we can share the profits with you.
Re: Just my luck!
Posted: Sat Jun 23, 2012 5:32 pm
by Pointedstick
jackh wrote:
Pointedstick wrote:
Figures I buy my first gold coin right before three consecutive days of decent-sized losses for gold.
I've definitely noticed this pattern in my investing behavior: nearly every time I make a conscious purchase (not a monthly contribution), what I just bought falls, and whatever I sell immediately shoots up. Is this just a case of bad luck, or am I ignoring some obvious market signals? I don't really know anything about technical analysis.
I would suggest getting reliable data to prove your assertions about the guaranteed failure of your investment decisions. If the rest of us become convinced we will know to do the opposite of what you recommend and we can share the profits with you.
Hah, several of my co-workers have said the same thing. My next planned trade is probably going to sell a bunch of AAPL once it hits $600. With my luck, that will mean a week of sustained growth following the sale and it will shoot up to $700. This is basically what happened the last two times I sold AAPL. I still won big so I'm not complaining!
Re: Just my luck!
Posted: Sun Jun 24, 2012 1:01 pm
by Xan
It could also mean it gets to $599 and then crashes through the floor. So it's hard to know what to do, even assuming your strategy is wrong...