This time I weighted my decision to buy this stock and since the stock is one of the leaders which survived the drop and even rose in price, recently it received “strong buy” recommendation I decided to add shares of this stock into my portfolio.
14:07:44 Bought 45 MED @ 34.1399
|
We all want to hear your opinion on the article above: No Comments |
When looking what the stocks, mainly those I was ready to buy back did this morning I said to myself “I should have hold them and I shouldn’t have stop loss applied. Today these stocks opened mostly with gaps and I could have made money.” Yeah. This is what I have tried last Friday and cost me money. There will be many other opportunities and chasing stocks just to make up previous loses is really a bad idea.
And the market can still turn down at the end of the day.
What is behind today’s rally? Just another hype based on Europe trillion dollar rescue plan. C’mon, is this anything solid? Stocks are rallying just because in Europe they will spend trillion of dollars to rescue Greece (which in my opinion will do the same job as throwing money out of the window) and other countries in troubles. Most likely they will have to print new Euros to do so.
The Wall Street is crazy.
I would agree jumping in if the rally would be based on the news of 290,000 new added jobs last month, but that doesn’t seem to be the fuel of this madness.
However, let’s see what the market will do today and next few days. Maybe the rally attempt will sustain and I can start buying back. This time with clear mind.
|
We all want to hear your opinion on the article above: No Comments |
New [tag]stock picks[/tag] this week:
Stocks bought or added to portfolio this week:
Bought 20 V @ 84.04
Bought 50 MED @ 32.53
Stocks dropped from portfolio this week:
Visa (V)
Medifast (MED)
Stocks watched this week:
none
| Existing & new [tag]holdings[/tag]: |
| Symbol | Qty | Last | Gain($) | Gain(%) | Stop | ATR | Risk to stop (%) |
Contribution this week: $200
Current [tag]capital exposure[/tag]: 6.00% 
New positions available to open: 3
Starting [tag]account value[/tag] = $2,107.57
Account value = $1,980.90 (without margin)
Buying power = $1,980.90
[tag]Portfolio Gain/loss[/tag] this week = -14.16%
[tag]Portfolio[/tag] Gain/Loss for MAY 2010 = -14.16%
Portfolio Gain/loss for 2010 = -30.05%
[tag]Annual Return[/tag] (CAGR): -29.20%
Shame on me for what I did last Friday when I jumped in breaking all my trading rules. I do not know why I did it. I just woke up in the morning and felt “this is it, the price couldn’t go any lower…” Unfortunately, it could and it did. And I lost money once again. I am still angry with myself for doing such a stupid thing. I realized that it was all wrong just after I hit “buy” button and then I was asking myself: “What have you done?” Well, I paid once again for this lesson and it ws quite costly one. Being greedy and trading emotionally doesn’t work. After all the years of creating a strategy of picking the proper stocks, defining the entry point, trailing the stop loss I do such a stupid move!! Incredible. Now it will take a really hard work to fix this mess and make that money back. Maybe it was just another reminder how important it is to stick to your rules.
| Debt notes |
| Available cash: | $6.61 |
| In Funding Notes: | $100.00 |
| Outstanding Principal: | $295.45 |
| Accrued Interest: | $2.15 | Account Total: | $404.21 | Net Annualized Return: | 13.29% |
| Contributions this week: | $100.00 |
| Weighted Average Rate: | 11.56% |
| Expected Monthly Payments: | $9.86 |
| Payments to Date: | $6.69 |
| Principal Payments: | $4.55 |
| Interest Payments: | $2.14 |
| Late Fees Received: | $0.00 |
New [tag]stock picks[/tag] this week:
05/06/2010 Bought 4.241 SWDSX @ $11.79
Existing & new [tag]holdings[/tag]:
| NTF Mutual Funds |
| Symbol | Qty | Last | Gain($) | Gain(%) | Div. Y(%) |
Port. (%) |
| AIGYX | 83.472 | 13.26 | 106.84 | 10.68 | 7.13 | 32 |
| ATIPX | 106.395 | 9.00 | 17.38 | 1.85 | 7.04 | 27 |
| HISIX | 26.918 | 6.50 | -25.03 | -12.52 | 4.97 | 5 |
| SICNX | 54.495 | 6.61 | -39.78 | -9.95 | 4.97 | 10 |
| SWDSX | 53.286 | 11.61 | 14.48 | 2.40 | 4.00 | 18 |
| SWLSX | 29.814 | 9.63 | 18.19 | 6.76 | 1.63 | 8 |
| Individual ETFs |
| Symbol | Qty | Last | Gain($) | Gain(%) | Div. Y(%) |
Portfolio (%) |
| AOD | 219.0 | 8.13 | -223.38 | -11.15 | 17.39 | 85 |
| IGD | 29.0 | 11.07 | -35.67 | -10.00 | 13.65 | 15 |
| Individual stocks |
| Symbol | Qty | Last | Gain($) | Gain(%) | Div. Y(%) |
Portfolio (%) |
| Account target and current allocation |
| Individual stocks | 0 | 42% | 0% |
| NTF Mutual funds | 3,505.33 | 38% | 59% |
| ETFs | 2,101.50 | 20% | 35% |
Contribution this week: $50
Starting [tag]account value[/tag] = $6,293.15
Account value = $5,939.31
Dividends received in May 2010 = $5.01
Dividends received in 2010 = $111.73
Portfolio dividends yield 2010 = 1.78%
Portfolio dividends yield lifetime = 3.30%
Dividends received lifetime = $195.85
[tag]Portfolio Gain/loss[/tag] this week = -6.37%
[tag]Portfolio[/tag] Gain/Loss for MAY 2010 = -6.37%
Portfolio Gain/loss for 2010 = -2.49%
[tag]Annual Return[/tag] (CAGR): -4.27%
[tag]Portfolio Return[/tag] since inception: -13.61%
I had to make some changes in my target allocation holdings. I decided to replace Alpine Dynamic Dividend (ADVDX) with Gabelli Utilities AAA (GABUX) since it will be cheaper for me to buy this fund than Alpine. The minimum investment for this fund is only $250 and it buys utilities which pay dividends. It also have better performance than ADVDX.
Another change I was forced to do is replacing Aquila Three Peaks High Income I (ATIPX) with PIMCO High Yield R (PHYRX) since ATIPX is no longer available through my broker. I am going to keep the fund, but will no longer be able to invest in this fund. PIMCO fund is similar to Aquila one, it has no initial investmet, so I can invest as little as $1 to it with no transaction fees and its ranking is similar (as per Morningstar). Unfortunately its turnover ratio is way too worse and its expense ratio as well, but I couldn’t find better replacement for ATIPX. If I do not find a way how to continue investing into ATIPX in my Roth IRA account I will continue investing in PHYRX. I use those funds as a savings vehicle anyway and as soon as I save enough I will sell and buy dividend stocks or ETFs anyway.
The last replacement I did this week was replacing Northern Global Fixed Income (NOIFX) with an index fund Homestead Stock Index (HSTIX). It is an index fund mirroring S&P 500 index and I also increased its target allocation to 18% of the entire portfolio. I haven’t invested in NOIFX or HSTIX yet, but when I start allocating my free money, it no longer will be NOIFX.
|
We all want to hear your opinion on the article above: No Comments |
I am so upset with myself now. All the rules and strategies I was working on for so long trying to protect my money and today morning I threw it all away.
Visa has been already sold on stop loss with a loss. I am such an idiot!!! Well I am expecting MED to follow soon. I am planning on buying these stocks, but this was too early and greedy vision of buying cheap blurred my mind.
OK, MED has been sold right now and I gave up some $200 dollars this morning. @##$%^@
|
We all want to hear your opinion on the article above: No Comments |
This morning I added an initial positions of Visa and Medifast to my portfolio with very tight stop loss.
05/07/2010 09:40:16 Bought 20 V @ 84.0394
05/07/2010 09:46:15 Bought 50 MED @ 32.5399
However now I am admitting that these trades were a complete violence of my rules, so I am expecting to pay my “penalty” for it. Let’s see.
|
We all want to hear your opinion on the article above: No Comments |
This morning TSL has been sold on stop loss:
05/06/2010 10:12:12 Sold 30 TSL @ 22.01
The drop of the entire market is impressive!! Great buying opportunity when this sell off is over.
|
We all want to hear your opinion on the article above: No Comments |
I typically browse the Internet searching for investments as well as money making ideas. I am trying to find how I can boost my savings and investing, learn new things, “games”, money plays, you name it, which can pocket a few more bucks back home (to my own pocket). This is how I came across Lending Club as a potential investment opportunity, I created a dividend income strategy in my IRA account to boost saving by compounding reinvested dividends and I still search for new ideas and great blogs.
One of the blogs I found recently and consider as great one is My Money Blog. It depicts the financial journey of a young guy with great experience (in my opinion) with a few great ideas how to save, invest and make more money. I haven’t read everything yet, but I definitely will be doing it.
If you are like me, searching for new ideas, strategies and experience of others Jonathan’s blog is one of those you would like to read.
|
We all want to hear your opinion on the article above: No Comments |
Today, it happened in the markets what I though would happen when I saw on CNBC yesterday how excited these guys were about the yesterday’s rally. First what crossed my mind was, yea, wait for tomorrow. The Wall Street is too sensitive about the news and stocks respond in zig-zag move. Not to say I am an expert, but I could see some slowing in trend since April 5th. It also makes me angry seeing all those people over there (in Wall Street) reacting this way. Exactly as Mr. Miller depicts in his book’s (The Single Best Investment) cartoon: “Everything that was good for the market yesterday is no good for it today.”
Most likely we are heading into correction. Markets lost too much to consider it “rally” and they have been slowing (“under pressure”) for a while.
| Dow | 10,927 | -225 | -2.02% |
| Nasdaq | 2,424 | -74 | -2.98% |
| S&P 500 | 1,174 | -29 | -2.38% |
Sector Watch
Strong: health care tech; hypercenters and supercenters
Weak: construction materials; building products; coal and consumable fuels; agricultural products; diversified metals; electronic communication and equipment; semiconductor equipment; health care facilities
Source: Morningstar.com
The market is now testing its support on 50 DMA (S&P 500), lets see if it bounces back or breaks through. Since I do not short stocks (at this time) I am postponing any new purchases for this period waiting aside for the next movement.
There is another thing I have to share. I must admit that trading stocks with such a small amount of money is nearly impossible. Originally I wanted to prove it is possible, but I must step back, and admit that capitalization is really important. For that case I am adjusting my trading strategy and I am limiting my trades to $1500 a trade or more. I will also start saving more money for the trading account taking the same approach I do with my ROTH IRA account. Since my IRA account has priority now (see my previous post) saving funds for my trading account will take some time. I also need to think about the strategy a bit, how to manage my existing resources.
My idea right now is to create a base of the portfolio made of NTF (No transaction fee) funds and trade with the margin money – that means I will invest funds into NTFs ($2000) and use c. $3000 margin money for trading (up to buying power). But first I need to look at it a bit closer before applying this approach.
|
We all want to hear your opinion on the article above: No Comments |
This morning Visa has been sold on stop loss:
05/03/2010 09:39:06 Sold 10 V @ 89.68
|
We all want to hear your opinion on the article above: No Comments |
New [tag]stock picks[/tag] this week:
Stocks bought or added to portfolio this week:
Bought 30 TSL @ 26.9
Stocks dropped from portfolio this week:
DeVry, Inc. (DV)
Stocks watched this week:
none
| Existing & new [tag]holdings[/tag]: |
| Symbol | Qty | Last | Gain($) | Gain(%) | Stop | ATR | Risk to stop (%) |
| [tag]TSL[/tag] | 30 | 25.87 | -30.90 | -3.83 | 22.00 | 1.3600 | -18.22 |
| [tag]V[/tag] | 10 | 90.23 | 57.30 | 6.78 | 89.91 | 1.6700 | 6.40 |
Contribution this week: $0
Current [tag]capital exposure[/tag]: -5.66%
New positions available to open: 0
Starting [tag]account value[/tag] = $2,264.51
Account value = $2,107.57 (without margin)
Buying power = $5,346.83
[tag]Portfolio Gain/loss[/tag] this week = -6.93%
[tag]Portfolio[/tag] Gain/Loss for APRIL 2010 = -2.79%
Portfolio Gain/loss for 2010 = -19.92%
[tag]Annual Return[/tag] (CAGR): -24.47%
| Debt notes |
| Available cash: | $5.86 |
| In Funding Notes: | $0.00 |
| Outstanding Principal: | $296.08 |
| Accrued Interest: | $1.56 | Account Total: | $303.50 | Net Annualized Return: | 14.33% |
| Contributions this week: | $0.00 |
| Weighted Average Rate: | 11.71% |
| Expected Monthly Payments: | $9.86 |
| Payments to Date: | $5.93 |
| Principal Payments: | $3.92 |
| Interest Payments: | $2.01 |
| Late Fees Received: | $0.00 |
New [tag]stock picks[/tag] this week:
Existing & new [tag]holdings[/tag]:
| NTF Mutual Funds |
| Symbol | Qty | Last | Gain($) | Gain(%) | Div. Y(%) |
Port. (%) |
| AIGYX | 83.472 | 14.04 | 171.95 | 17.20 | 7.89 | 32 |
| ATIPX | 106.395 | 9.15 | 33.34 | 3.55 | 7.28 | 27 |
| HISIX | 26.918 | 7.06 | -9.96 | -4.98 | 4.56 | 5 |
| SICNX | 54.495 | 7.28 | -3.27 | -0.82 | 4.97 | 11 |
| SWDSX | 49.045 | 12.36 | 52.03 | 9.39 | 4.00 | 17 |
| SWLSX | 29.814 | 10.32 | 38.76 | 14.41 | 1.63 | 8 |
| Individual ETFs |
| Symbol | Qty | Last | Gain($) | Gain(%) | Div. Y(%) |
Portfolio (%) |
| AOD | 219.0 | 8.91 | -52.56 | -2.62 | 15.67 | 84 |
| IGD | 29.0 | 12.70 | 11.60 | 3.25 | 11.52 | 16 |
| Individual stocks |
| Symbol | Qty | Last | Gain($) | Gain(%) | Div. Y(%) |
Portfolio (%) |
| Account target and current allocation |
| Individual stocks | 0 | 42% | 0% |
| NTF Mutual funds | 3,646.10 | 38% | 58% |
| ETFs | 2,319.59 | 20% | 37% |
Contribution this week: $0
Starting [tag]account value[/tag] = $6,398.59
Account value = $6,293.15
Dividends received in April 2010 = $37.72
Dividends received in 2010 = $106.72
Portfolio dividends yield 2010 = 1.70%
Portfolio dividends yield lifetime = 3.03%
Dividends received lifetime = $190.84
[tag]Portfolio Gain/loss[/tag] this week = -1.65%
[tag]Portfolio[/tag] Gain/Loss for APRIL 2010 = 2.07%
Portfolio Gain/loss for 2010 = 4.18%
[tag]Annual Return[/tag] (CAGR): -2.40%
[tag]Portfolio Return[/tag] since inception: -7.79%
|
We all want to hear your opinion on the article above: No Comments |
Recent Comments