The funny thing about moonlighting, that is working a second job, that is “moonlighting” can consume so much time. I moonlight in the market and at the firehouse and part of the cost of doing business is time. Recently the firehouse and the website technical design has come first, so I have not posted as much as I would have liked. At this point I would like to catch up on my Moonlighting In The Market positions as we go into Friday.
First, where do I stand in the trading account that we will be watching here? Four stocks positions that I entered recently. DRYS, HERO, MGM and TQNT, all are up a percent or two. And I have some Ford Call Options. I added a January 2013 Call at $12.50 to the other Calls at $13, that expire in September and December. That is what I am holding in my trading account. Now. Today.
My trades are the subject of this blog, my investments are not the subject of this blog but I will again point out, in those investment accounts, I am indexed and playing it conservatively, long term, no trading there. No market timing there. Just conservative indexes, with some small cap, emerging markets and technology plays.
So for the year I am down around 10% in the trading and I am around 25% invested in the trading account with the balance in cash ready to deploy.
The subject here, that we will use to study the market and the world as we know it, is the trading. So what can we see? A trend maybe? What are the long term trends? Shorter term? What are the events? Like watching the ocean. Any place your boat sits will be effected by tides, waves, ripples and splashes and so to will the market be effected by long term trends, shorter term trends, news and events. That added to psychology and sentiment and of course the fundamentals of a company will all add up to the market price of the next tick. The one where we can buy or sell or just watch…
It is all about timing, timing the trends…
Look at my three F option positions. The two earlier positions that I took, are way down and may eventually expire worthless! The other position is only down about 10%. That level of loss is due to timing. Better timing gets better results (or in this case, not as bad).
Lose and learn. Profit and protect.
There is so much I want to discuss. To help you learn about your world but, I need to learn about my business and even if it is a sideline, it still costs time. So in order to get more posts in more frequently, I will make shorter posts…
So I am watching the market today. I like to buy on Fridays because the market often goes down a bit, as the short term traders get out for the weekend. I tend to hold longer than they do, so when they sell, I buy the stocks that go on sale. So maybe today I will buy or maybe just watch and learn. Since yesterday was down big, maybe today will snap back. Or maybe the longer term trend will rule and it will be down bigger today. If that is indeed the trend. Who knows? No one. No matter how confidently people tell you that they can predict the future, they can’t. We can’t, I can’t. But we have to evaluate and participate. And I have to get to work! Thanks for coming by…