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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: skier31 who wrote (199726)	8/5/2024 1:37:38 PM
From: da_cheif™	Respond to of 207204

clx school is in the header

To: skier31 who wrote (199726)	8/5/2024 1:39:59 PM
From: da_cheif™	1 Recommendation Recommended By stuffbug Read Replies (1) \| Respond to of 207204

CLX SCHOOL START WITH POST 500 AND GET BIZY.... Subject 36625

To: skier31 who wrote (199726)	8/5/2024 2:28:52 PM
From: robert b furman	4 Recommendations Recommended By longz skier31 Texas Jack toccodolce Respond to of 207204

Hi skier 31, Over the years I've met some who are skilled in programing Excel work sheets. You'd be surprised how many have developed a true appreciation for the skill set. Sadly I'm not one of them. I do the early morning hand calculations,and compare them to the more than accurate charts that Breeze provides as a an occasional double check. I found the hand full of people who confirm the daily CLX numbers later in the evening at Crystal Ball Forum.com. The "Wollie World" Section. Those who have the excel program additionally benefit from the easy conversion of data to charts. Since my work is still in the dark ages, I pour over the offsets and use additional moving averages on my "BY HAND" spread sheets. Cheif occasionally posts publicly an invite to where the CLX students get together with an amazing discipline to contribute daily. So I don't believe I'm talking out of school. It is a $14.95 monthly subscription. It made my learning the concept much easier to see the numbers and how they interact with the market. For me it made all of the MSM and their similarly scripted bullish messages and bearish messages all begin to make sense. It greatly helps with developing a timing and a sense for when the contrarian view seems much more appropriate. I've been doing it since June of 2015. Sadly one of the most brilliant members has passed, Joanne Mc Cable. Her occasional posts were like crib sheets to help how the numbers fit into the scripted media themes that come and go. I'm one of the new guys who came and stayed, but love having a way of shedding the gloom. Once you see how well they aline the numbers,with the the down draft and fear promotion, you just instinctively buy the dip. There is no doubt that I'll miss a big corrective wave, and have in the past. If you believe in our capitalist system and invest (not speculate) along the way, you' ll be so much further along the road of wealth building than letting your emotions rule you. It keeps you doing what you should be doing, not what the manipulators that permeate Wall Street want you to be doing. Cheif will always be a great man to me for helping me learn. There are many here more gifted than I, but I like to use the bottomspotter calculation to sell puts out in time. If the dividend yield fits my long term growth formula, I sell the put and hope I get the stock assigned to me. If it does, the dividend yield fits my needs and I grow a portfolio of dividend aristocrats, champions and/or kings, including some fallen angels like KMI,and T. Every once in a while (like now, where Breeze"s charts show a possible minor corrective wave coming due and a lot of his high fliers are bingoing when attaining his TA targets), I pull back on the "out in time" exposure. Now I have a reduced number of puts sold short, collateralized by cash and never more out in time that the the next months expiration. I can determine my dividend revenue and accumulated cash and that set my max exposure. To me the game is to accumulate shares of companies that pay a dividend,such that if and when it is the end of the world as we know it, I'll still have dividends coming in, and I'll still be able to snatch up the discounted prices that corrective waves offer. It does take a gut check to see a wave getting old,and not sell out a position or try to time it. That incurs a taxable event, and a reduction in account size, and a loss in dividend revenue stream. In the long run of things, staying in the market builds a nice account when you work it all the time - except when blatant euphoria is happening to even the dog small caps. Cash plus dividends, plus put premium retained from the sale of puts (that are inflated by fear in the market) that expire to zero compounds nicely if you don't mind watching the market daily. I have always loved watching the market since I was 18. Like Cheif says, If you've been doing it since major bottoms like 2000, 2008, or 2021, your so far ahead, you do not have to be perfect. You've already done better than any annuity around. Like Peter Lynch said, he made much more staying in the market, than he did timing the market. Everybody has their own approach. I've just described my favorite approach. When I sell a put, it will satisfy my game plan with either alternative (as long as the dividend is not suspended or terminated). It takes the worry out for me. I've become so adverse to losses, I view almost any other approach as speculating. That's just me. My first mentor was a man named Ted Warren. I knew him personally. He wrote "How to Make the Stock Market Make Money For You". He emphasized being an "investolator" not a Speculator". I bought into that when I was 20 years old and in college. Both Ted and Da Cheif are great men to me and have personally assisted me in building a portfolio beyond my dreams. Breeze is the other great help/man, but I'll need years of studying him, hoping a tiiny bit will rub off. This thread personifies what the greatest attribute SI has to offer. If one studies other great trained minds and their successful learnings/approaches, we all get to share in the finer things our capitalist system has to offer. That's a long way to say Crystal Ball Forum. But I hope it is as inspirational to others, as it was and is to me. I hope that helps you! Bob