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Thursday, April 21, 2011

Sometimes? It's just about Holding On ...

There is a prevalent view that becoming a market professional is all about 'making calls' or 'buying stocks' or 'selling stocks'. There is the ever present idea in the minds of many that a market professional is constantly on the phone, reviewing charts and making 'predictions'.

Not so.

At times ... it's just about hanging on for the ride. Because as I mentioned some time ago ... buy and hold is not dead.

I'm still not sure what I'm going to do with my silver. Honestly. And it gets a little more than aggravating when I'm told by others what to do with my own assets. Especially by people who have not even taken the time to read my overall portfolio strategy.

Silver Futures
(click chart to enlarge)


At this point, I still have my silver classified as an asset in my own personal side-pocket. In other words, it's not a trade. It's a 'holding'. To be sure, a holding that's risen in value 384.2%. But it's still my holding, and I will decide if I move it from 'asset side-pocket' to a pure trade, and sell it off.

At the present time, since I frequently travel to Mexico, it's working as a wonderful hedge against a cheaper U.S. Dollar, which has only sunk about -17%

Moving on to some of my equity holdings ...

Johnson and Johnson (JNJ)

Eh?

Seriously.

Johnson & Johnson (JNJ)
(click chart to enlarge)


Two days of action erases 150 days of a down trend in Johnson & Johnson (JNJ). With that in mind, the way I setup the dividend investing portfolio for both A.C.C., as well as the Challenge Project, I am now positive on the return in terms of yield for the year. For A.C.C., by 4.013 %, and for the Challenge Project, by 3.134%. And as we learned from the conference call? Buybacks are still in the works. So regardless of short term price action, I have an asset that will be returning value to shareholders.

Ok, enough said on that route. Let's move on to General Mills (GIS)

General Mills (GIS)
(click chart to enlarge)


We are just beginning to make an attempt at breaking out of the weekly range. Hopefully, this trend can continue, but I'll just have to keep an eye on it in coming weeks.

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Note: The above statements should not be construed as an investment or trading recommendation. Airelon's Investing and Trading Journal is a blog that allows subscribers to look 'over my shoulder' as it were, for my own personal specific trading and investing ideas and thoughts for the next week. But they are only thoughts as of the moment of publication, and are subject to change.. Any trades or investments that I discuss within this blog are simply my own thoughts regarding my own investing and trading outlook. Remember that entering any market is an individual decision. There is no guarantee that I will enter, or have entered any of the trading or investing ideas that I discuss in this blog; as larger accounts may require a different strategy as the ones presented here. This blog simply contains my trading and investing thoughts for the next week. I, the author do not grant this work for wide distribution beyond any single individual subscriber as this publication is protected by U.S. And International Copyright laws. All rights reserved. No license is granted to the user except for the user's personal use. No part of this publication or its contents may be copied, downloaded, stored in a retrieval system, further transmitted or otherwise reproduced, stored, disseminated, transferred, or used, in any form or by any means except as permitted under the original subscription agreement or with prior written permission. I personally only enter any market after watching and reading the tape and I trade using money management principles. The losses in trading can be very real, and depending on the investment vehicle and market, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have 15 years of experience in trading and investing in these markets. Airelon's Challenge Chronicles are demo accounts,with all of the inherent problems therein, which are used within this blog in an attempt to track the results of my own thought processes., and is run as a model. Traders who should make their own decisions based off their own research, due diligence, and tolerance for risk. Any pictures used within this blog are believed to be public domain. Any charts that displayed using the ThinkorSwim platform, or any other charting software are believed to be public domain. Any other pictures were obtained through Wikipedia's public domain policy. As a reminder, any trades discussed for "Airelon's Challenge Chronicles" would only be 'day trades' according to the parameters discussed for Airelon's Challenge Chronicles, at this stage of the game in order to escape the risk of over-leveraged gap opens in the commodity futures markets. As a 'trading sister' would have grown to the $30,000 level, I would have graduated the account into 'swing trading'. In addition, it is understood that readers have read my YouTube methodology series. It is also understood that the writer of this blog has repeatedly warned against the dangers of shadowing any other traders thoughts. The Challenge accounts are run for the education of other traders who should make their own decisions based off their own research, and tolerance for risk

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