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Post by danshirley on Jul 23, 2011 20:39:08 GMT -5
So now we have a new moderator who is changing my post.
AS I SAID:
I will probably continue to post here unless I am banned.
It is really only you, rovo and I and a few others who raise their heads less frequently that ever post anything worthwhile so I really don't care.
It is unfortunate that we don't have a real ignore function here to make the little children go away. They have it over on elite trader and it does wonders in making an otherwise idiot board quite usable.
I think the ignore here just gives you a blank message instead of actually making the messages go away.
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Post by danshirley on Jul 23, 2011 20:41:36 GMT -5
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moon/Laura
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Forum Owner
Joined: Dec 17, 2010 15:05:36 GMT -5
Posts: 10,129
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Post by moon/Laura on Jul 23, 2011 21:07:34 GMT -5
1. i never said that NO links were allowed. i said that posts that were nothing BUT links and no text were considered spam. if you want to keep posting them, i can keep deleting them. However, since this is not my board, i will discuss it with rovo and DI first.
2. dan's post was reported to us, which brought it to BiMetal's attention. it does not matter if he is not a mod on this board. if action needs to be taken, it will be, regardless of what board that mod comes from.
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Post by danshirley on Jul 25, 2011 11:08:29 GMT -5
I had decided that if a debt agreement hadn't been reached by today I would liquidate all stock based investments.
I have just submitted a liquidation order.
I am still deciding about liquidating gov bond based holding like TLT.
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rovo
Senior Member
Joined: Dec 18, 2010 14:20:19 GMT -5
Posts: 3,628
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Post by rovo on Jul 25, 2011 11:16:36 GMT -5
Dan, I've been off-loading some of my riskier stocks for the same reason. The cash may come in handy if the market tumbles. ;D
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Post by danshirley on Jul 25, 2011 11:58:36 GMT -5
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Post by yclept on Jul 25, 2011 12:11:32 GMT -5
That seemed like a good idea; I just put about a third of my cash into FXF -- I'm not really expecting it to gain a lot (as Dan mentioned in the last post, I may not be a dollar short, but I'm certainly a day late!). I do hope it will mitigate losses should the world go to hell in a handcart.
Getting assets non-dollar denominated was part of my motive in buying EWZ last week.
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Post by danshirley on Jul 25, 2011 14:54:23 GMT -5
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Post by danshirley on Jul 26, 2011 1:24:54 GMT -5
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Post by danshirley on Jul 26, 2011 10:54:45 GMT -5
Updates: I choose to use the canadian dollar instead of the swiss frank for hiding money because the canadian dollar is less run up than the Swiss frank: finance.yahoo.com/q/bc?t=1y&s=FXC&l=on&z=l&q=l&c=FXFfinance.yahoo.com/q/bc?t=1y&s=FXC&l=on&z=l&q=l&c=UUPThe liquidation order I submitted yesterday got about 50% executed because I set limits so that I was profitable on all exited positions. Positions where I would have lost money in order to exit did not execute yesterday. Interestingly with the DOW down 66 points this AM my remaining portfolio is up .5%. That's not a significant difference but I haven't decided if I will resubmit to liquidate or stand pat and be satisfied with my reduced exposure. |
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Post by danshirley on Jul 29, 2011 5:07:51 GMT -5
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Post by danshirley on Aug 3, 2011 16:57:37 GMT -5
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Post by danshirley on Aug 3, 2011 22:55:18 GMT -5
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Post by yclept on Aug 3, 2011 23:10:42 GMT -5
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Post by danshirley on Aug 4, 2011 12:21:12 GMT -5
I have to say that I am grateful for the debt ceiling fiasco since it prompted me to liquidate essentially all my positions while they were still in the green. Had I still been long today I would be very tempted to bail and would be doing so at a pretty healthy loss. Today I closed my last remaining bull put spread at a small profit and I am now completely out (except for a bear call spread on GMCR). I think a lot of things will need to change before I put any money at risk on the long side again. The reverse Iron Condor I outlined above is still a possibility... but not for me...I am all done... but what do I do with the cash??? CD's or Treasuries... or maybe I'll buy an annuity from Frank...(just kidding)... or maybe something like this: finance.yahoo.com/q/pm?s=HSTRX+Performance:-) |
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Post by danshirley on Aug 6, 2011 3:36:17 GMT -5
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Post by danshirley on Aug 9, 2011 0:43:13 GMT -5
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Post by danshirley on Aug 14, 2011 21:23:54 GMT -5
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Post by danshirley on Aug 15, 2011 22:36:41 GMT -5
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Post by danshirley on Aug 17, 2011 6:05:50 GMT -5
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Post by danshirley on Aug 17, 2011 14:23:22 GMT -5
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Post by danshirley on Aug 17, 2011 14:55:25 GMT -5
I think selling OTM bull put spreads can best be understood using the insurance analogy. It's effectively selling insurance and then 'laying-off' the major part of the risk by buying re-insurance: A contract under which a reinsurer agrees to pay specified types and amounts of underwriting loss incurred by an insurer or another reinsurer in return for a premium. Reinsurance serves to 'lay-off' risk. Reinsurance may be proportional or non-proportional and may take the form of a cover in respect of an individual risk exposure (see facultative risk) or cover in respect of multiple risk exposures (see treaty). Reinsurance accounts for more than half of Lloyd's total business. www.lloyds.com/Common/Help/Glossary?Letter=R |
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clarkrl2
Administrator
Joined: Dec 20, 2010 17:57:01 GMT -5
Posts: 6,057
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Post by clarkrl2 on Aug 17, 2011 22:00:44 GMT -5
Back when the MSN message boards were still available a poster named gshell had a thread on selling calls against some of your long term holdings to generate income. danshirley also had a thread on the Strategy Lab board where he discussed his conservative option plays. Following these threads I became interested in using some options.
I asked danshirley about an idea I had for trading Hasbro after Mattel had been involved in a recall of some toys produced in China. Since Hasbro's stock had also been hit by this news I wanted to try a straddle on HAS. He suggested a spread would be a better trade but he also gave me what I think was the best advice I have ever received on a message board. He said "First try some paper trading with different option strategies because everyone's first trades using options always fail." This was paraphrased but it saved me a lot of money because that was the time preceding the financial crisis in 2008. Because of danshirley's advice I found out just how quickly you can lose money trading options.
I stuck with paper trading for awhile and then moved to covered calls. He had also explained on the MSN board how the covered call and the cash covered short put were essentially the same trade. This was very useful information.
The second most valuable information I ever received on a message board also came from danshirley and it was on trading spreads. I have used bull and bear call spreads as well as bull and bear put spreads successfully. In fact other than selling covered calls I rarely use any option strategy other than spreads.
I think danshirley deserves a lot of accolades for sharing his knowledge of trading options and it was also nice of Disinfranchised Investor to start the option thread which also points out the advantage of paper trading strategies first. Thanks to both of you.
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Post by danshirley on Aug 18, 2011 6:42:17 GMT -5
I knew 2008 was coming and was able to save my nest egg from destruction. How did I know? Simple...I read Jon Markman at MSN Money and he laid it out in spades. He saved me a LOT of money. He's now here: tradersadvantage.investorplace.com/ |
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Post by danshirley on Aug 19, 2011 9:13:28 GMT -5
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Post by danshirley on Aug 20, 2011 13:27:20 GMT -5
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Post by danshirley on Aug 20, 2011 19:41:42 GMT -5
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