GrumpyOldGuy's Blog

Checking out IBD

GrumpyOldGuy — Thu, 17 Jan 2013 10:34:31 GMT

I'm bored, it's cold out, I need something to give me a reason to get up in the morning so ......I decided to donate $270.00 to IBD for a one year subscription to eIBD.

I know enough about IBD to know that it's a pattern breakout system, that it is a momentum system, that it is a swing trade system, and that, as in all things stock related, it is easy to let emotions cloud buy/sell decisions.

OK now, 58.36 CAPS score. I went away for awhile and have been stuck in the mid to high 50s so I ended all my picks and will rethink things after I mow the yard.

Grumpy is on the move.

GrumpyOldGuy — Wed, 03 Aug 2011 11:15:49 GMT

I now have a rating of 35.97. A fantastic (to me) come back from the dark days of my despair.

Unfortunately the method I used to get here is not transferable to the real world of investing. To much churn, to many commissions payed, probably unable to short the stinky stocks that I put a "thumbs down" rating on.

Again, for anyone interested, I use the MSN stock...

Here comes the GrumpyOldGuy

GrumpyOldGuy — Fri, 04 Mar 2011 16:17:59 GMT

Alright. On 3/19/2010 I posted that I had a CAPS rating of 1.75 and was determined to reach my goal of 5.0. (Or Better)

Well, as of today, I have done it. It took me almost one year but my CAPS rating is 5.73.

1. The dart board method did not work.

2. Magic Formula not only did not work, it was a disaster.

I tried, I really tried to get to the absolute bottom of the Caps ratings. I wanted to be the worst of the worst. The 69356th rating out of 69356 Caps participants. I stuck with 3X bear ETFs during the best year in the market in recent history. I "thumb downed" 3X bull ETFs. I did everything wrong and still some of you stayed firmly worse than myself.

I surrender. I will never achieve my goal of being the worst of the worst so I now will resume tr...

Hard times a'comin?

GrumpyOldGuy — Tue, 15 May 2007 21:58:42 GMT

5/15/2007 Added qid to my picks today. The market looks like it's getting to roll over and play dead for the summer.

I still don't see anything good coming for the market. The talking heads mostly continue to blab on and on about new highs for the S&P but the S&P refuses to listen to them.

Oh well, the stops are in place and I fully expect to see them taken out so I guess it's time to go golfing.<...

Why I don't like Caps.

GrumpyOldGuy — Thu, 29 Mar 2007 23:01:09 GMT

I finally figured out what it is that I don't like about Caps.

There is no allowance made for being in cash and letting an unsettled market figure out what it wants to do.

I have a stock that is down from my purchase point but since it is not down as much as the S&P it shows as a positive gain. In my real world if I am losing money on a stock it does not make me happy just because the S&P sucks worse than my stock picks.

3/16/2007 Thinking out loud.

GrumpyOldGuy — Fri, 16 Mar 2007 19:55:02 GMT

I am mosty out of the market at this time. I only have one pick of the seven needed to be an active participant so no one will see this but it's more to think outloud than anything else. Should anyone besides me read this you will realize that I am not a fundamentals type investor. I would describe my style as TA with a certain amount of gambling thrown in. I use trailing stops so my CAPs will not accurately track my real port, what little there is of it, but it probably will b...