deploying outside price range - strict limits?

[froggo]

Hello

I have a question on deploying close to outside the suggested entry points. I made a recent fills post, and there was one that was bit above the upper range...

buy ETHE @ $ 19.62[/b] (this ETHE's +2.2% over the upper range of 19.2, i let this slide as an exception, is this breaking the rule? let me know and will note for future deploys)

Cheers, froggo

I remember reading in this rules page (https://tacticalinvestor.com/tactical-i ... and-rules/), and noted there were some leeway when opening outside the suggested range ("Do not get into any stock or option unless it is trading at or close to the suggested entry points"), hence I've made that exception with this ETHE deploy, and there was two examples provided (I've included my ETHE deploy price point as comparison):

example 1, example 2, ETHE
-------------------------------------
99, 390, 19.2 (this is the suggested upper range)
101, 400, 19.62 (this was the 'actual' deployed price point)
+ 2.02%, +2.56%, +2.19% (this is the actual vs suggested variance)

I want to make sure I follow the TI trading rules exactly to the T, and want to check if in future it's still best to stick strictly within the suggested low/high range, or there's leeway per above example?

thanks!

Cheers, froggo

[DrSven]

Hello Froggo,

It is written in MU Newsletters that you may pay up to 5-7% above the suggested entry price for a play. However, the recommendation is to wait for new plays instead (or for price to hit entry level).

Cheers

[Yodean]

Hello Froggo,

It is written in MU Newsletters that you may pay up to 5-7% above the suggested entry price for a play. However, the recommendation is to wait for new plays instead (or for price to hit entry level).

Cheers

I think the 5% to 7% "rule" is for options. To have your fills "counted" officially for position trades, my understanding is that they have to fall within the TIT's recommended range.

[froggo]

Hey DrSven, thanks for pointing out that in the newsletter - it appears TI allows bit of leeway discretion per investor risk profile, so I feel bit better more comfortable playing within that and not taking to big an outside risk as I'm not experienced in the trade yet.

Instead of just going with new plays, I took on the challenge of doing a full mapping of all 48 mentioned ticker positions in the latest 9/3/22 newsletter, and identified 39 that is still valid play in progress (i.e. not closed nor invalid play e.g. where price have taking off before entry). So I just went with all 39 play (as a 'diversified' approach) but noted every single deploy / close events in retrospect (followed these 39 tickers backwards across all newsletters going back to Jan'20 - I tell ya it was a rough coupla nights lol, mapping stuff out and open trades on IBKR TWS, but loving it!) as if I was there from the very start of these 39 tickers. I've divvied up the float exactly accordingly per position (and lots 1/3 pre Jan'22 and 1/4 post) and kept track of everything on GSheet so I know exactly what was deployed / yet to be placed / what to be closed. I also have the benefits of hindsight where some of the prices have dropped significantly and hence 'cheaper' now as I deploy the same instructed steps, but I also missed out on some of the gains that took off. So this was great for me to learn the trade from scratch and get a real feel for every single play event and what happened what changed and why etc, and also can feel the journey / risks that everyone has taken. Guess it's my own hardcore way of paying my dues as a newb

[froggo]

I think the 5% to 7% "rule" is for options. To have your fills "counted" officially for position trades, my understanding is that they have to fall within the TIT's recommended range.

Ah ok, noted... going forward I should keep within the range then.

I gave some leeway in deploying all the positions and just wanted to get that over and done with. Good to keep my patience and discipline in check.

[Eric]

Hello Froggo,

It is written in MU Newsletters that you may pay up to 5-7% above the suggested entry price for a play. However, the recommendation is to wait for new plays instead (or for price to hit entry level).

Cheers

I think the 5% to 7% "rule" is for options. To have your fills "counted" officially for position trades, my understanding is that they have to fall within the TIT's recommended range.

I think the 5%-7% rule is to get into officially open plays... i.e. the 5% rule is only in play if people got fills at or below the official high entry of $19.20 and for whatever reason you missed it (didn't have liquidity, weren't paying attention, etc.). Then it would be acceptable to pay a maximum of $20.54 to join the group. Paying $19.30 to get into a $19.20 play that never got down to $19.20 will probably work out for you in the end, but it's going rogue.

[Yodean]

but it's going rogue.

On balance, "going rogue" is pretty much my middle name, and has led to the greatest profits, as well as the most magnificent losses, both in and out of the markets.



We all die. We can't take it with us when it's time to go, not even BTC 2.0.

[John23]

also to clarify, does tactical Traders asume with 30% loss is an automatic sale?

[chippermon]

also to clarify, does tactical Traders asume with 30% loss is an automatic sale?

I don't believe that is one of the rules but feel free to use that as one of your own rules. In fact, I believe Sol encourages us to incorporate our own rules into his system. You have to be comfortable in what you are doing and do you.

In the last Market Update I found this " For conservative investors: Once a stock tacks on 30% or more, the existing stop should automatically be raised to the entry price." That's the only 30% rule I know of in TI.

[Yodean]

That's the only 30% rule I know of in TI.

Rules are made to be broken, as often as profitably possible.

[froggo]

Thanks for all your feedback - very helpful to validate and make sure I stay on track as I'm starting out here... am keen to see how the ETHE trade plays out!

[Yodean]

Thanks for all your feedback - very helpful to validate and make sure I stay on track as I'm starting out here... am keen to see how the ETHE trade plays out!

I hate to say this - actually, I love saying it - you're not a "real" trader-investor until you've been knocked down and gotten back up for more punishment.

Until then, you're nothing more than a juicy Sardine, or even a Frog, maybe an Escargot, and I will BBQ you and others of your ilk and munch happily on your carcasses.

*****

https://youtu.be/_J0Ahh3UxbM

*****

The Italian Stallion would have made a good investor.

[AstuteShift]

Thanks for all your feedback - very helpful to validate and make sure I stay on track as I'm starting out here... am keen to see how the ETHE trade plays out!

Weekly looks decent, likely a nice ninja pop and then get out before the real carnage begins

[SOL]

Thanks for all your feedback - very helpful to validate and make sure I stay on track as I'm starting out here... am keen to see how the ETHE trade plays out!

No matter how wise the investor might be, his or her trading style could destroy another if they don't have the same experience. Start slow, deploy the same amount in each investment and learn from others but most importantly determine what type of trader you are. For example, Yodean's style of trading could and will destroy the faint of heart and mind. He has customized what he has learned to suit his personality. The first step is to determine what type of trader you are now. Tomorrow you might be different but work with who you are now.

[froggo]

No matter how wise the investor might be, his or her trading style could destroy another if they don't have the same experience. Start slow, deploy the same amount in each investment and learn from others but most importantly determine what type of trader you are. For example, Yodean's style of trading could and will destroy the faint of heart and mind. He has customized what he has learned to suit his personality. The first step is to determine what type of trader you are now. Tomorrow you might be different but work with who you are now.

Thanks Sol, will be following every step to the T here - for a few years at least to drill in the basic fundamentals. Up downs part of the game, which is why am appreciative of real deal investors who walk the talk.

@Yodean, love the hardcore attitude lol... me frog legs prob bit too old and chewy, so there's other young tadpoles bit more suited for the feast
Have had me fair share of beatdowns up downs humbling experience throughout my whole life and have always stood right up and kept pushing fighting forward - so hopefully that's prepped me well here

Cheers, froggo