Week 48 Dec 4 thru Dec 8 2017

[realdeal]

Hey Blygh

I was thinking regarding the opening price we have the option to put in a limit order, if that limit order does not get filled, your pick for the week reverts back to your default. In reality you put a market order in or get filled at the opening price your putting yourself at a disadvantage. I know... I know... it's just a friendly competition and my intentions are not to give you more work.

I think we all should give a hand to Blygh, the man whether it was minor or major surgery only missed one day of posting. Thanks again for doing what you do.

-rd

[realdeal]

Thanks SD and ALL.

SD, as I'm writing this it's snowing outside, but inside it's 79 degrees baby LOL. I been watching HMNY for a while, sadly it trades no options. I was looking to short it a months ago. Which proves you can short selectively in a melt up bull market like this.

-rd

[realdeal]

I'll go with DXJ (long)

-rd

[Spiderman]

Congrats RD
I'll ride WPX long.
Spiderman

[blygh]

Congrats Real Deal and Nods to Tiarra

RE: Real Deal's suggestion that buy stops that are not met at the open be discarded and a rider's default pick entered.  That makes the entry a "Fill or Kill" bid.  One of my rules is never buy on Monday morning - in the vast majority of cases I can buy the stock cheaper between 2:00 and 4:00 PM.   The whole idea of a buy stop is to avoid spikes in prices.  You see a lot of spikes on Monday AM when folks read Barron's about hot stocks and analysts recommendations.  So I would be inclined to let a buy stop bid ride for a while - how long? A day?? Two days?? - 5 days?? - Undecided - would like to hear others'  inputs.

Next week JEC long stop loss 65 (after a long streak of picking losers) 



I would like to run the long terms investment board again  - 5 stocks to be held for a year - sorry SD I don't want to deal with quarterly buying and selling.  If anyone else wants to do this I offer my help in formatting and spreadsheet.   

Thanks for well wishes -  I had a kidney stone that felt like a rock - 
Bligh

[sd]

Glad you're over the stone Blygh-Had 1 experience and don't wish to ever repeat it!
I'm good to let the Buy-Stop go unfilled all week- That is it's function- It simply means no gain , no loss...if the buy-stop order is not filled.
Also - 5 stocks for the Year - That works for me as well-
RD- I'm jealous ! Cold outside and you all warm and toasty inside-! I get the phone call from the son-in-law to join him and his Dad and make merry in the snow today- With 2 Hogs on the Agenda to kill and butcher- And-ran out of Daylight in the process!
Crary long!
Good Luck!

[realdeal]

blygh,

I had two in 2014, and been on meds 3 times a day since. I feel your pain in every sense of the word.

SD- LOL I can see why you are jealous... you were out in the elements until. Regarding the buy limit order, for the sake of the contest, it could be a one day event. Monday if your limit is not filled, by the next trading day your riding your default pick at the opening price.

-rd

[sd]

Disagree Buddy!
My Buy-stop in real time stays open until it fills or i cancel it- i think the horse race should reflect reality- In the real world- my Buy-stop either gets filled or does not-and does not defer to an alternate- JMHO-Essentially, if not filled- I am "sitting on my hands" and not activating a trade- Since i do use Buy-stops in my active trading on occaision, they serve the purpose of not entering a trade unless it is going in the Long direction i intend- This is a strategic approach that either gets me filled or does not- I'm content to sit on my hands and not have an entry for the week - just 0 me out.... I have No win, nor do i have a loss- Consider that the Horse has to step forward when the Gate opens and Then, I'll be on board- At least the Filly starts .
As a note- I use Buy-stops fairly frequently since i cannot usually monitor trading real time- I place a trade order the night before- and a Buy-stop allows me the flexibility to set a Buy-stop order whereever i choose (ON IB at least) My Buy-stop can be below the closing price- Or above it- But if price opens lower, My thesis for entering the trade on upside momentum is likely flawed-if my buy-stop is not met and price is below- Only when momentum comes back to get me a fill is where I want to be entering.
SD

[realdeal]

I totally get you good buddy, LOL I thought I said for the contest sake. The horse race already does not reflect reality, when was the last time you bought in real life the open or put in essentially a market order. Your broker doesn't put restrictions on price, You can't buy a stock under 8 a share, I can keep going on with this but you get the point. It's for fun and entertainment, Blygh has the final say, he puts in the work daily, and whatever makes it easy on him, I'll go with.

-rd