I am trading miserably. I took a look at my positions, asked myself if given fresh cash today would I buy these stocks, and then I made wholesale changes.
I sold ONCE (scared of the FDA), CYBR (what a dog!), partial YELP, HABT (SHAK is better) and all of EGO (what was I thinking?). With those sales, I’ve added to an already large cash position. I haven’t made any real money since June. This back and forth is tedious and I am wasting time and energy with these high beta names. Something is clearly wrong with the tape and until the tone improves, I am probably better off doing nothing.
I am sure as soon as the market starts going higher, I will be tempted to move back into stocks. Truth is, my timing has been off and my stock selection has been poor.
Trending stocks have been scarce and oversold bounces have lasted all but a few days. I will try to formulate a course of action soon. But for now, I am a man without a plan, in the wilderness, surrounded by savages.
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Uvxy ftw
I’m only buying severely oversold stocks. I just sit on my hands until they come to me. Then I hold “ONLY” for the pop.. this market is very ill. IMO
If one thinks they can trade this market every day..even every week they will lose. AND if they say they are making a killing They’re lying!!!
Your honesty is like nothing else and why a non-trader who just reads blogs like yours and ZH keeps coming back. Reminds me of the Livermore book I read twice “Reminiscences of a Stock Operator”.
You have a problem with Reminiscences of a Stock Operator? And you’ve only read it TWICE!!! That book demands to be read once a year.
ABSOLUTELY!
Fly I’ve been watching you for almost five years now. You’re just stubborn!! lol!
Ha ha!
i am not enjoying myself
Perhaps a straddle.
For real guys, I think they are gonna crash this shit down.
Stalin is back
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Ah hem ..
“The World is a Ghetto !!!”
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“Verne baby Verne !!!”
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