SHARPE INCOME … There Will Always Be Another Opportunity

Posted on Oct 19 2015 - 3:48am by Sharpe Trade

The original Sharpe Income post that explains this project can be found here.

The Sharpe Income category be found by clicking on that red ‘Sharpe Income’ tag next to this post title, or by clicking here.

We continue the discussion from the last entry.


First … some weekly house-keeping as to the project.

Of the capital contributed this week, we moved 92% of this contribution towards the category reserved for purchasing our assets dedicated to capital gains. The remaining 8% of the capital contribution was placed towards the cash that we have reserved to purchase Wells Fargo (WFC).    

You will notice on the PDF that is attached below, the new cash allocations …

Sharpe-Income-Cash-Allocations-10_19_2015

So as I mentioned last week and you have noticed with this weeks allocation of cash, I’m a bit interested in Wells Fargo (WFC) at the moment.  I think it was a good time to pick up that stock for a piece of an income account such as this.

But of course, we do not have the cash to purchase it at the moment for this project.

Several weeks ago, I was interested in Colgate (CL).  I threw some cash that way.  In the meantime, Colgate (CL) has rallied …

Colgate Palmolive (CL) – 4 Hour Chart (tradingview.com)

Colgate-4-hour-chart-trading-view-10_19_2015

So what is my point here?

Am I just talking about all of the opportunities that I am missing due to a lack of capital in the project at the moment?

No.

Have you ever heard self-help guru’s say that “opportunities come your way infrequently“?  You have to “jump on them”, because “you never know if they will ever come again“?

What a crock of bull.  Such thinking is the breeding ground for impatience.

In the markets, there will always be another opportunity.

Always.

Too many retail traders jump at a setup out of impatience, or worse, the belief that if they don’t take this trade, they will not get another chance.

Bologna.

Repeat after me … ‘In the markets, there will always be another opportunity‘.

If the opportunity passes to purchase Colgate (CL), then a new one arises to purchase Medtronic (MDT).  If it’s not Medtronic (MDT) it would be Microsoft (MSFT).  It not Microsoft (MSFT), I could average again into one of the stocks I’ve always purchased.  Because there will always be another opportunity.

So for now?  I have some cash for the capital gains assets.  I could buy some more PCY.  Or TLT.  Or even average back into JNK.  But I’ll wait for a while longer.  Build some more cash.  Build upon the project’s maneuverability.  Stick to the plan.

The link to the Google Drive Spreadsheet that you can view, that we will edit, build upon and refer to over time can be found at this link.

We continue the Sharpe Income project with this next entry.

The Sharpe Income PDF breakdown for Week 47 can be found here (numbers computed off of Friday’s close) …

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