Firebones - Latest Comments in StockTwits and My Lesson in $SRS and ETF Blunders

Re: StockTwits and My Lesson in $SRS and ETF Blunders

firebones — Wed, 31 Dec 2008 13:54:12 -0000

The smart thing to do would be to close out and walk away with the loss as half of my 2008 tuition payment. The fact that there are stocktwits trading $SRS based on how 1m charts look should be enough to scare anyone off. My current plan is to resist the temptation to average down further and stop out if it drops into the 40s for any period of time, and see if any Q1 news or real estate crash hype helps.

Re: StockTwits and My Lesson in $SRS and ETF Blunders

snoopyjc — Wed, 31 Dec 2008 10:34:49 -0000

I'm in this same $SRS boat as you. I was even foolish enough to buy more!! Keep rowing and hopefully we'll get out, or maybe we should use the "if you're in a hole, stop digging" principle and just take our loss and lesson???
--joe

Re: StockTwits and My Lesson in $SRS and ETF Blunders

firebones — Wed, 31 Dec 2008 03:49:11 -0000

That's great. I look forward to groups. I think what I really need is tiered streams...a way to create a multi-layered filter for the top tier of twitters who have proven track records (in alignment with my decisionmaking filter and goals), and a lower (but broader tier) of idea generators (people who see the macro stuff and are essential to listen to, but might not be aligned with my goals). And maybe a peanut gallery tier of comic relief (e.g., @The_Real_Fly).

Re: StockTwits and My Lesson in $SRS and ETF Blunders

howardlindzon — Wed, 31 Dec 2008 03:40:17 -0000

great post.

once groups come out you will get more value for what you want.

You also need to find traders in our recommended list that are more aligned with your goals and than click on who those people follow

we are all learning together and as you are seeing there is np magical style or bullet.

happy new year.