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Thread: Burrocrat's Account

  1. #81

    Join Date
    Nov 2009
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    105

    Default Re: Burrocrat's Account

    bought 2 blocks of SCHH at 26.25 and 26.21 first thing this morning, 1 to hold and one to flip. thought about turning 1/2 of it this afternoon for a quick 1% scalp but i like the entry price and will wait a bit on the trade.

    goals for this account is to spread 20% each in 5 categories at prices i believe will be good long term holds, then with added monies keep same positions but do the in/out 2% scalp with the extra blocks of shares. i've got SCHX (large cap) at currently a 3.5% unrealized gain, SCHF (international) at +8.5%, and now SCHH at +1% daily gain with an extra block to dump for some fast money.

    i'm looking to add SCHA (small caps) and SCHP (TIPS treasuries) to round things out but don't like the high prices, just won't buy them here, like gold when it was at $1,000 just don't see it's utility at the price, what do i know?

    i want this row of 5 switches in front of me with a base in each one started at a price that provides enough unrealized gains to ride out +/- 5% swings without losing, then pound extra shares on and off for 2% scalps. that's the plan anyway.


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  3. #82

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    Nov 2009
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    105

    Default Re: Burrocrat's Account

    change of plans, day-only limit sell orders on everything, looking for a little spike on the open, might have set them a little high, bail bail bail.

    roth:
    SCHX ~ 4.25%
    SCHF ~ 9.50%
    SCHH ~ 1.25% (1/2 position)

    brokerage:
    SCHE ~ 1.00%

    if they hit it will leave me with mostly cash except for an REIT in the roth and seriously underwater UNG in the brokerage, how's that for diversification?

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  5. #83

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    Nov 2009
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    105

    Default Re: Burrocrat's Account

    roth:
    sell SCHH in at 26.21 out at 26.61 = +1.53%
    sell SCHX in at 30.49 out at 31.68 = +3.90%
    sell SCHF in at 26.49 out at 28.89 = +9.10%
    holding SCHH in at 26.25 current 26.75 unrealized gain = +1.90%

    brokerage:
    sell SCHE in at 28.87 out at 29.20 = +1.15%
    holding UNG in at 5.99x2 current 11.50 = -4.00% but still have to factor in transaction fees in/out so this one will have to take a big move to break even.

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  7. #84

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    Nov 2009
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    105

    Default Re: Burrocrat's Account

    Quote Originally Posted by burrocrat View Post
    roth:
    sell SCHH in at 26.21 out at 26.61 = +1.53%
    sell SCHX in at 30.49 out at 31.68 = +3.90%
    sell SCHF in at 26.49 out at 28.89 = +9.10%
    holding SCHH in at 26.25 current 26.75 unrealized gain = +1.90%

    brokerage:
    sell SCHE in at 28.87 out at 29.20 = +1.15%
    holding UNG in at 5.99x2 current 11.50 = -4.00% but still have to factor in transaction fees in/out so this one will have to take a big move to break even.
    1.53 + 3.90 + 9.10 + 1.15 / 4 = +3.92% gains locked in today. i'll take it.

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  9. #85

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    Nov 2009
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    105

    Default Re: Burrocrat's Account

    brokerage account: bought ZSL at $15.09.

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  11. #86

    Join Date
    Nov 2009
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    105

    Default Re: Burrocrat's Account

    open GTC limit orders, can't day trade at work and my 'new every two' for the free smart phone isn't due yet:

    Brokerage acct: ZSL in at $15.09, order to get out at $16.49 (1/2 position) and $17.99 (2nd 1/2).

    Roth IRA: SCHH (REIT ETF) in at $26.25, order out at $28.75.

    Holding UNG in brokerage at about break even minus commissions right now.

    C'mon baby, hit and git.

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  13. #87

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    Default Re: Burrocrat's Account

    I adjusted the ZSL sell orders to 16.99 & 18.99, let's see if it wants to run again today.

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  15. #88

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    Default Re: Burrocrat's Account

    I adjusted SCHH to sell at 28.88.

    Added a buy for SCHF at 29.99.

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  17. #89

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    Nov 2009
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    Default Re: Burrocrat's Account

    So I'm looking at using trailing stop orders, but it confuses me.

    If I understand correctedly, they're meant to increase possible gains but limit losses off a top in an advancing market. But you have to set the sell price below the current price when you places the order? That sounds more like a limit losses, not increase gains scenario?

    Anybody, can you explain how it really works in plain english? Ideally using recent ZSL as an example?

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  19. #90

    Join Date
    Feb 2009
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    654

    Default Re: Burrocrat's Account

    Quote Originally Posted by burrocrat View Post
    So I'm looking at using trailing stop orders, but it confuses me.

    If I understand correctedly, they're meant to increase possible gains but limit losses off a top in an advancing market. But you have to set the sell price below the current price when you places the order? That sounds more like a limit losses, not increase gains scenario?

    Anybody, can you explain how it really works in plain english? Ideally using recent ZSL as an example?
    Okay, I'll try. Say you buy ZSL at $15 with a 2 point trailing stop. ZSL's initial TS would then be $13. ZSL moves to $16 so the TS moves to $14. ZSL moves clear up to $19, and TS is then $17. ZSL retraces back to $18, Ts is still $17, and if ZSL moves down one more dollar your stop will trigger and it will sell. You can also set the TS for a percentage rather than a price point differential. Clear as mud?
    If you think education is expensive, try ignorance. - Derek Bok


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