Anytime I HARVEST (sell) positions for a gain, I refer to them as “Pocket Change Gains.” Using a baseball analogy, I am NOT looking to hitting HOME RUNS with positions, just attempting to hit SINGLES. Hit enough of them, they all start adding up, creating more “Pocket Change” for investors. If gains of 4-5% in a couple of weeks or 7-10% in a month takes place and resistance or Fibonacci happens to be at play, I pick the fruit, HARVESTING positions.
Suggested to Harvest positions early in the day on Tuesday, 10/19 at 10:04 A.M. (see post here)
Emerging Markets (EEM)… Pocket Change Gain of 4.93% Purchased on 9/13 (see post here)
Brazil (EWZ)…………………..Pocket Change Gain of 9.02% Purchased on 9/13 (see post here)
Thailand (THD)………………Pocket Change Gain of 1.6% Purchased on 9/28 (see post here)
Colombia (GXG)……………..Pocket Change Gain of 4.89% Purchased on 9/28 (see post here)
Turkey (TUR)……………….. Pocket Change Gain of 7.12% Purchased on 9/28 (see post here)
Am I a “BULL, BEAR or Neither?” NEITHER!!! For those that are new or might have missed it, see this post for a few thoughts on how I look at being Bullish or Bearish. (see post here) I am striving to provide “SOLUTIONS” for investors, for the unique times we live in. You WILL NOT see here, long articles discussing the problems the U. S. or the globe faces. Everyday, I am working to provide research that will assist viewers towards “inflating portfolios, regardless of market direction.”
Please understand that when I harvest a position up against resistance or a Fibonacci level, I am not bearish on that asset. Just harvesting with the goal of creating more “Pocket Change, via the Power of the Pattern!” If I harvest up against resistance and then resistance is broken will I repurchase the same asset? FOR SURE!
See “Pocket Change” tab in the archives for prior positions I have “HARVESTED!” (see tab here) More Pocket Change gains to post!!!
Nikesh,
Thanks for the kind words and appreciated. I did do a new post on Silver…per we bought it back. Go to Silver in the Archives and see the post.
I put a 5% stop on the new position. Silver is close to hitting the stop!
Thanks for your viewership.
Chris
Hi Chris, Excellent blog – I have been following your blog this past few months and find it very educating. Thank You. Question: I know you harvested SLV on 10/07. I think SLV broke resistance you were talking about. Did you take a new position? If you did, did you harvest it recently based on Doller?
Thanks again for your excellent insights.
all the best to you Mark!
We will fly ‘outside’ (the lower 48) to Seattle for Christmas with our daughters and grand-daughter.
Getting a ticket to Kansas?
We buying plane tickets.
Mark…Thanks for the comments. Appreciated.
This back and forth market, resistance, fibonacci and the “Power of the Patterns” this year and always are THE REASONS I “harvest gains.” As you know for most of 2010 it has paid to “trade the range!” Buy, holding and hoping and trending are great strategies, just been a little challenged this year.
My strategy is called TB&M, which stands for “Tops,Bottoms and no Middles” has worked pretty well this year.
If some of these longer-term resistance lines are taken out to the upside, odds would favor some positions will be held longer than what you have seen since I started sharing suggesting on dshort.com and this blog…As you say, will “looser stops” be used? Yes if we can break these key lines in the sand.
Enjoy the EXTRA POCKET CHANGE Mark 🙂
Going to spend a little and make the economy perk up?
Thanks for teaching us how to harvest. Do you find it more profitable and less of a risk to harvest often? Do you keep some “core” positions longer term with looser stops? Are there any good books about trading you would recommend?
PS I did all those trades on the day the dollar revived. Thanks for the ‘Pocket Change’.
thank you. I discovered your blog recently and still have not taken any position of yours, but I keep you in high consideration. I’ve got some questions.
1) € investors should consider also change effect in opening positions? I live in Italy
2)do you ever consider italian index?
Thank you very much.
Ciao