Rank...don't judge a book by its cover
Is it weird how my CAPS rank was below 10 around a month ago and its *almost* at my all star goal already? It is a bit strange, and it makes me realize that the difference between my rank of 71 and another player's rank of 30,40, or 50 doesn't mean much at all. Higher ranking is great in CAPS, but my quick rise tells me that there are many jewels throughout CAPS whose posts aren't getting respect due to their low scores. It gets a little annoying.
On the otherhand, why am I really at this rank right now? I made a few right calls, I figured out the CAPS game, and the market turned upwards.
My correct calls are like the 'pure' CAPS goal: smart investor makes the right accurate call and gets his points for it. Fantastic.
The CAPS game: In order to win this game in the big leagues you need leverage...3x ETFs. While I haven't mastered the use of these ETFs yet, I don't need too because there are other aspects of the game that help you win that get a lot less respect. If you look at my CAPS profile, there are lots and lots and lots of picks closed out at +1-15 points...why? I need accuracy...what if the market crashes tomorrow and I lose those points? I need to lock in what I have. Is this not directly applicable to real life investing? You want to lock in your gains and keep your losses---fight your instincts! keep the play alive for a while and a call thats +15 might turn into +80. It has yet to happen to me but I feel like its a reason why I can really respect this system, even when it has been so heavily criticized by many of its users.
And of course the market turned upwards. Always a good sign for a bull like me.
This little rant is just meant to say, my score right now is fragile--tomorrow I might be under rank 20 again when the market crashes and my 3x ETFs die, but don't count me out, and don't count out blog posts by others under rank20 who have something to say either. Reading blogs by rank 99s is generally a great investment of time, but don't ignore every blog by a user under rank 20 either.
Oh and thanks for your support :) never been ranked 70 before! accomplishment!
Crud, one last thing: How much did the drop in unemployment actually change your views on the state of the economy? I hear tell of people saying this would 'set the tone for market performance in December'....I still can't fathom why a jobs report would effect the stock market performance within a single month so directly but it seems to be the opinion of a few financial writers somewhere..thoughts?