what to do now

Commodities rolled over a few weeks ago, the last two days they are up. I don't want to feel that I'll miss the run to the upside. I could by back POT at 180 and wait on a 200 price. Buy more AAPL because app store sales are going well, Best Buy agreement, and iPhone sales. Gold and energy stocks are up big after a huge pullback, should i get in?

I remember Cramer saying, 'No one ever made money panicking!'

Ok... Here are a couple of strategies

Strategy 1
Buy 40 Shares of POT in 180 - 182 range with a goal of hitting 200 a stop at 179.
Buy 100 Shares of MTL at 27 and wait for 35 and a stop at 25.

Strategy 2 -- investment
Buy 40 Shares of AAPL at 180 and ride it to 192 and take profit with a stop loss, but if it runs stay with and continue adjusting the stop.

Strategy 3 --
Buy 1000 shares of ICO


Strategy 4
Buy 50 shares of FCX at 90 or less.

Facebook Group

I've started a group on Facebook to discuss investments. The group is called 'Investments -- Simple and Plain'. Everyone is invited to join.

Update to the Strategy

In an earlier post, I reflected on what past investing strategy that has worked for me. I decided to re-implement that strategy and I'd like to give an update.

I currently hold the following positions:
DRYS -- Bulk dry shipper
LTM -- Upscale Fitness Club
MTL -- Russia Mining
PBR -- Brazilian Oil
SRE -- California Utility
POT -- Canadian Fertilizer
---
MA -- Credit Card Transaction
ICO -- Coal
PLM -- Minn Mining Company

For the most part, I've followed the new strategy and its has worked well for me. I traded out of WX and bought an IPO 'SINO' only to lose money. I sold it and added to my PBR position and its down about 6%. All of my other stocks are in positive territory. Having a longer term outlook has produced profits and reduce commissions as a result of trading less.

My investment thesis is centered around global expansion. This requires huge amounts of commodities, such as steel, food, and energy (oil and coal).

I blew it

About a month ago, several of my holding dropped down aggressively. I was stopped out of several positions only to see them rise substantially over the next few weeks. After the big run up, my stocks stalled for a couple of days and I put in protective stops which triggered. A few days later the stocks reached new highs again and I didn't participate.

I need to devise a strategy to now miss out on the big runs. Oh, I have one, be patient and don't sell all my position at once. Also, stop trying to time the market.
I really need to stop repeating the same mistakes. I act like a fool; no wisdom.

Two Days Ago

A few days ago I sold my LTM and added to POT, MTL, and CEO. The next day the market was up 400 points. My move seemed to be a good one. However, today several of my holdings are down very big. CEO, DRYS, MTL, and POT are all tied to the commodities boom; oil, freight, coal and steel, and fertilizer. Some of the analysts think that the commodities play are about to be punished in the near term. Driving the retail investor out before the prices stabilize.

So I'm putting stops on all of my position as protection during these volatile times. If any of these stops trigger I need to be looking for reentry because I want these as core positions.

The past week

This past week has been very interesting. The Fed cut the interest rates by 75 basis points last week and another 50 points today. The market has rallied since the first cut, but closed lower today.

I added a few shares to my existing positions, WX and LTM. The past few days, I've been trying to decide between purchasing more stock in TNH or MTL. Lastnight, I researched MTL and was impressed with their business strategy. Their business is comprised of two segments, Mining and Steel. The mining segment has huge reserves of coal, used to make steel products. They own 2 ports as well. Today, I listened to a conference call on Bulk Dry Shipping. Four CEOs in this industry all stated the global economy is very strong and that the temporary slowdown will not last. Major industrial projects, once started are unlikely to stop because stoppage equates to losing money, explained one CEO. Another CEO spoke of China being in the beginning of a 30 year expansion.

So if I believe these comments to be true, then long term prospects for MTL seem to be good, considering they supply steel for major construction projects, auto parts, and finished goods.

I been reading up on TNH and I discovered the profit will be cut significantly because the company is a limited partnership. From what I can gather, the cut will take place this fall. I believe I'm going to sell this and buy some POT.

Continued

I put in a couple of trades for tomorrow. I've got limit orders in on MTL, LTM, and WX. I'm just picking up a little more.