Bull Market for Dummies

I was going to comment on the Davian debacle, discussing the topic of vanity and how people often misinterpret the definition of “real wealth” (family) is; but why bother? The guy is white trash and I’d rather spend my time talking about the markets.

Before I praise myself, banking coin in a runaway bull market (duh), I want to point out that The Option Addict is going apeshit to the upside with his picks today, namely GMCR. It’s as if he has a crystal ball on his desk. The one thing I can promise you, upon launch of his premium service, is professionalism, hard work and transparency. As an investor and manager of other people’s wealth, that’s all a person can ask for. The gains come later, in my opinion. I appreciate candor and a person who isn’t afraid to lose, but not reckless to the point of stupid.

Admittedly, my biggest problem is tapering the drawdowns. I’ve had some truly cruel drawdowns over the past 2 years and have been fortunate to have escaped it in 2013, thus far.

For the day, I am up 2.6%, putting gains within striking distance of 40%. Let it be noted, I did this taking an oversized amount of risk, currently leveraged at 125% long, zero shorts.

This isn’t rocket science, folks (Denninger). To make money in this tape, you need to know what sectors are working and when the money is about to shift to another sector–get in early, then sell.

Top picks: IMMR, HLF, WIT