LADIES & GENTLEMEN OF iBC:
THE GREATEST WESTERN EVER -
My legionaries went long $GC_F this morning at 1670.70 and what a terrible miscalculation that was. Trading systems can slit your throat around news releases obviously. This happend today with my stop hit within a hour or so at 1650. The charts below show $DGP, which is a gold double long ETN I like to look at. It may bounce here but probably too risky for my taste.
You can also see below the 240min chart of $GC_F that shows the last few trades taken:
I did close out one QQQ spread today at 3.75. Your portfolio is updated here and you can always follow me on twitter @MAXIMUS_iBC for roman greatness.
UPDATE: I am now back long at 1646.40
I am blessed, I am lucky and I am thankful. I was able to tuck two of my children into bed last night, while my wife took duties at the hospital with the third. The parents of those twenty innocent children were not as fortunate. They felt the agony and despair of looking into an empty room; a painful reminder of what a madman is capable of. With this grief and the unbearable weight of burying your own child, these parents are now the victims of the insanely, overdramatic media and the insensitivity of politicians with their egos’ believing they can stop such tragedy.
The traitors that run the modern bureaucratic state consider themselves more like architects of a rational society and believe they can govern our reality comprehensively so everyone is included. This type of thinking leads to authoritative government and defies human nature. The framers of the constitution understood this line of reasoning and implemented divisions on government to provide checks to limit the institution for this reason. James Madison wrote specifically about the 2nd Amendment in Federalist Paper #46, in which he made it clear that the right of the citizenry to bear arms is a necessity against tyranny and is an integral part of the system of checks and balances. Granted, semi-automatic rifles were not invented then but to propose a ban on ALL guns is a direct attempt to exert a means of control over the population and limit the systems of checks and balances.
The mass shootings that have occurred over the last several years are extremely horrifying and tragic events. As humans, we need reasons and justifications for such treacherous acts of violence, whether it be to place blame on the availability of guns or the lack of quality parenting at home. We rarely look at ourselves as possibly the issue. How do we value human life? How do we treat are neighbors? Do we help the less fortunate? We can debate all we want whether this is a gun control or mental illness issue but the reality is, like I said here, we live in a very unsafe and cruel world. That is why I have my CCW, plain and simple and this is why we cannot let our own government take away the 2nd Amendment:
I do not know what can prevent such tragedies like Sandy Hook but usually the initial response is the wrong one.
The market does not care what Hussein Obama and Mr. Boner discuss; it only cares about EOY. You good people of iBC should never lose this time of year, that is, unless you were long Gold like myself. In the coming weeks, once things settle down a bit on the front lines here, I will explain my investing style and a few systems I use to take emotion out of my trading. I’ll also post the code to one TradeStation futures system for the ES I use as a token of my appreciation for your readership. As always, YOUR portfolio performance can be found HERE.
The following trades were executed today:
- Sold $GC_F @ 1677.3 (-20.30)
- Sold half $GS Jan 130 calls @ 1.80 (+1.22)
- Closed $QQQ Jan 61/65 Call Spread @ 3.41 (+0.36)
Current open positions include the following:
- Short 1 $PL_F @ 1606.00 (+12.30)
- Long 5 $GS Jan 130 calls @ 0.58 (+2.28)
- Long 10 $FSLR Jan 23 puts @ 0.67 (-0.37)
- Long 10 $LULU Mar 80 calls @ 3.70 (+0.60)
- Long 20 $QQQ Feb 60/63 Call Spread @ 2.03 (+0.54)
- Long 10 $QQQ Mar 59/63 Call Spread @ 2.59 (+0.73)
- Long 20 $QQQ Jan 58/63 Call Spread @ 4.12 (+0.77)
- Long 10 $QQQ Jan 59/63 Call Spread @ 3.47 (+0.42)
I leave you with one of the greatest moments in black entertainment history:
The US does this as well…
In the United States of America since 1990, over 1,450 humans have died related to school bus accidents and of those about 10% were children. In the same time, ~224 people (students, faculty, gunmen, etc.) have been killed related to school shootings.
There will be one last post regarding guns and why I have my concealed carry permit.
Good day citizens of iBC-
This is happening
I don’t really have brand loyalty when it comes to cell phones. I’ve had both Droids and iPhones(which I currently use) but after seeing that hot blonde share that video using her SIII, it made me want one. Now I am second guessing:
The rally could begin now with progress over the weekend and hopes of new stimulus measures in Japan. Speaker Boner caved and made the offer of raising tax rates on those making $1 million or more; the White House said it didn’t go far enough but described the offer as “progress.”
Shinzo Abe is to become prime minister in Japan given the Liberal Democrat’s victory in parliamentary elections. Abe has promised monetary and fiscal stimulus to rescue the world’s third largest economy from recession.
Domestically, manufacturing in New York state declined for a fifth straight month in December as new orders shrank and the labor market remained weak, the New York Federal Reserve said in a report on Monday.
As I mentioned in my previous post, my youngest had been in the NICU since birth and was just recently brought home. Over the weekend, we had to take him back in due to some respiratory issues and he has now been moved to the Pediatric ICU. This obviously affects my ability to post so I beg you all to bear with me. You great citizens of iBC, do not lose faith, we will attain victory when March arrives!