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A Wyckoff Student Notebook

Discussion in 'Trade Journals' started by Onepoint272, Apr 27, 2016.

  1. Jrich

    Jrich Well-Known Member

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    Starting off the decade with positions in V and LMT... also sold half my position in DG, 33% profit on those shares:cool:...... Also building a position in VOO to ride along side stock picks

    Screenshot_20191231-120808.jpg Screenshot_20200103-102958.jpg
     
    T0rm3nted, TomB16 and OldFart like this.
  2. Onepoint272

    Onepoint272 2019 Stockaholics Contest Winner

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    This first week of 2020, gold closed back inside the upper range of mid 2011 to Apr 2013.

    It's the "Everything" bubble; stocks, bonds, real estate, gold, government spending...". Massive mal-investment continues (ergo, UBER, TSLA) as the Fed is pumping like madmen into the Repo market to hold down interest rates and thereby delay government and pension fund defaults, and QE4 appears to be a foregone conclusion as does helicopter money and the Gubermint's digital currency, the "Orwell" (not bitcoin). But is owning gold the solution to preserving wealth? Maybe not. When hyper-inflation sets in later in the decade and gold approaches $10,000, $15,000, they'll likely raise capital gain taxes on gold redemptions for those bass tards that tried to circumvent the socialist surveillance system as they'll be able to easily track all exchanges, all transactions. Government for the people, by the people appears to be a dead idea, killed by a corrupt banking system.

    Monthly bars:
    upload_2020-1-5_9-42-32.png
     
    #962 Onepoint272, Jan 5, 2020
    Last edited: Jan 5, 2020
  3. hitman

    hitman Active Member

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    This is so "Profound", that's all I'm going to say and I'm not being "sarcastic".
     
    Jrich likes this.
  4. Onepoint272

    Onepoint272 2019 Stockaholics Contest Winner

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    • Why Bitcoin won't be the currency of the future
    • government intervention in personal finances
    • the double asset bubble
    • helicopter money (debt forgiveness, Medicare for all, universal basic income)
    • politically bastardized modern monetary theory (MMT)
    • impossibility of raising interest rates and the liquidity trap
    • complexity of money markets, importance of contradictory viewpoints, and letting market tell you
    • a likely run-away inflationary end-game scenario, still several years out
    • why gold won't help much
    • But don't panic
     
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  5. moss_sumit

    moss_sumit Member

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    Starting a small position in CRWD:

    Capture.JPG
     
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  6. Jrich

    Jrich Well-Known Member

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    Really good insight... only one thing they got wrong.... the political class would never advocate a transparent/traceable currency, lest we learn how they all became multi millionaires on <200k salaries
     
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  7. moss_sumit

    moss_sumit Member

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    I think GILD is getting ready to make a move. They potentially have first treatment available for coronavirus. Thoughts??

    upload_2020-2-12_12-46-46.png
     
  8. Jrich

    Jrich Well-Known Member

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    Well I took profits from MSFT and V while we were still upwind of the bear... each got within 5 points of their P&F targets, so I sold on the 2nd down day... +19% and +10% gains respectively
     
    OldFart likes this.
  9. Jrich

    Jrich Well-Known Member

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    Phase A complete??

    Little devil on one shoulder: "short the SPY"

    Little angel on other shoulder: "dont trade phase B"

    20200401_082701.jpg
     
    OldFart likes this.
  10. bigbear0083

    bigbear0083 Content Manager
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    @Onepoint272 - hope all's good, missed ya bigly 'round here
     
  11. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

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    Yeah, it's been a while!

    Screenshot 2020-04-01 at 10.45.59 AM.png
     
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  12. WXYZ

    WXYZ Well-Known Member

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    Hate to see a regular poster disappear. I look at this thread once in a while, even though I do not use this sort of system or do active trading.
     
  13. T0rm3nted

    T0rm3nted Moderator
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    Agreed, paging @Onepoint272. Hope you are doing well

    upload_2020-6-5_12-30-6.png
     
  14. TomB16

    TomB16 Well-Known Member

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    I monitor this thread, also.

    Best wishes Onepoint272, whatever your situation might be. :)
     
  15. Rock Sexton

    Rock Sexton Meat Popsicle

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    OP is a very smart man. Sometimes when it comes to trading it's hard to hang around when there's not enough people putting in the work to speak the same stock language he does.

    It's also a bit of a conflict of interest because in trading if you have something that's successful - do you really want to give it away? That inherently leaves the potential to erode your own edge. Now granted the Wyckoff method has been around for decades, but I think you get the picture .......
     
    #975 Rock Sexton, Jun 5, 2020
    Last edited: Jun 7, 2020
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  16. OldFart

    OldFart Well-Known Member

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    Hopefully he’s ok, and this is not health related.
    I think everyone misses his posts and expertise.

    @Onepoint272
     
  17. T0rm3nted

    T0rm3nted Moderator
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    Understood, I get why you extremely technical more knowledgeable guys get burnt out posting here. Doesn't change the fact that it sucks to see you guys take breaks/leaves though.
     
  18. Onepoint272

    Onepoint272 2019 Stockaholics Contest Winner

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    Thank you for your concerns and compliments guys. Yes, I needed to fall off the wagon for awhile. As the name implies, this site is addictive and vocationally I'm at the peak of my career and as good as that may sound, the downside is my time is in high demand. That, and I am one of those within the square root of Price's law which says 50% of the work is done by the square root of the total number of people who participate in the work, and that is tiring. Something had to give. Also, I've been having trouble with that Gore-Tex arterial by-pass in my leg which will hopefully get fixed for the long-term in the next couple weeks. So, other than letting the index funds and ETFs do their thing, accumulating a little 3M, and playing the silver miners, I haven't been doing much market-wise. I will try to check in more often.

    I got on the site for the first time in awhile, months actually, and the first posts I read included WXYZ recommending PEP over KO, so I thought I'd take a look at PEP. I like it. It's been in a range since April and has under performed the S&P since the middle of May but it appears to be on the springboard. Here are my notes:

    PEP-Daily bars:
    upload_2020-8-15_15-3-52.png
     
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  19. TomB16

    TomB16 Well-Known Member

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    Welcome back, OP.

    How did you deal with the loss of income?
     
  20. Onepoint272

    Onepoint272 2019 Stockaholics Contest Winner

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    Rice and beans with smoked neck bones. :)
     
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