Man, this stings a bit.
The action in the last week threw me off. Depending on the day, I owned some decent stuff. Perhaps the fact that it wasn’t able to stick was the warning sign.
I thought this month would be a little more volatile, but was torn on whether we started with a move up, or a move down.
The good news…now I know.
$NYMO hit relative oversold here. I bought $CRM calls for November on this move.
Not everything is broken here.
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They’re trying to kill the ghost of Harambe too.
Meanwhile millions of folks can’t trade because of the gov’ts rule on sweep accounts.
Funds are frozen for 3 days, no trading during the transfer.
Customer service phone banks are overloaded.
Your avatar is incorrect. It is GySgt Hartman, not MSgt
I was promoted after my epic short oil call while all of the x spurts went long.
There is no MSGT in the USMC. There is a MGySgt though.
Expensive lessons today. Went from ATH to an anal raping. Moving on
But those are the lessons that you remember
Very true.
Never break rules rules no matter the conviction.
If your account is having huge swings you are over invested or position sizing is wrong.
Check
When juggling dynamite, we sometimes get left holding one when the fuse runs out.
Nice metaphor
Well said good sir
Double inside weeks in the $SPX over twenty years courtesy of Sentimentrader.
https://pbs.twimg.com/media/CuMluq8UEAAOuw9.png
ride on stock jockies…finish lines crossed with faces ripped off, wondering what happened bc u dont understand this game — since 2008 you’ve been the mark, wasting years playing straight up fraud, thinking you’ve got it made when the real players still made money off you for 8yrs straight and now will make even more as they set you up for that biz cycle rape…. the question becomes, after you yet again realize that it’s “all horseshit” yet you still play in said “horseshit”, is it worth it to spend your life being played in a dirty rigged “market”?
Sir Fly is that you ?
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
“is it worth it to spend your life being played in a dirty rigged “market”?”
Hey, nunya, is it worth it to spend your life hanging around boards for people who trade stocks, telling people not to trade stocks? Why don’t you go over to Twitter and tell people not to tweet? And to the race track and tell people not to bet on horses. After that, you can head on over to a wrestling match and tell people not to watch wrestling matches. Wow, I could think of examples for you all day. How lucky you are to have so many activities you would like, to choose from.
you should all keep “trading” right into the crash…. trading “markets”…. but hey, exodus said it’s all booolish…
ps i cum here for the news commentary, but i leave a comment for the comedy…
Actually OA I think you called this move but like you said – maybe the downside came quicker than you thought. I remember you said it looked like money would be sucked in last week since it was on the sidelines and then the market would dump after the sideline money came in.
I think up first, then down would have been easier. That said, why would anything be easy?
True – since we didn’t have an August flash crash this year it’s impossible for things to get bad in October, right? Or maybe this year is flipped – instead of crazy quick August downside followed by October superbull – a very benign August followed by October fast coaster ride down.
So Hillary is basically running away with this election and we have a roller coaster down? I took some major lumps today but I just dont see it. Nothing is simple and the market often proves me wrong over the long course, but I dont see a serious correction scenario before November.
Or else right before November could be the time of a correction, and then it’s pretty much all up from there.
I do think that most people will be relieved once the election is over. It goes beyond even the matter of who wins. The election has people stressed to the max, counting the days ’til they can turn on the TV or go to the Internet, and not have to hear/read/see the latest crazy thing that was said or done, in relation to the election.
frogs will slowly boil to death:
https://www.youtube.com/watch?v=wK2K5v5bm0Q
Yes, everyone is sure that the candidate they don’t like is evil in every way, and believes that that person is guilty until proven innocent, of every accusation any political enemy ever makes at them. Yawn.
I see that you believe all conspiracy theories, not just ones about the markets.
DB etf being spooled out, robot selling to cover, imho, I am adding to LTP here, $FB $AAPL $MSFT $CSCO, i already have too much $NVDA
that is Deutch BankS ETF’s sorry, thought I would clean up my cryptic above
LTP is long term portfolio, sorry, I am going out to the deck to flip the chicken. (I am grilling chicken and I need to turn it over). oh boy, OA is going to rip my ass! Chatty? love u man!
McClellan is around negative 160 and so a bounce is imminent sometime in the near future. Arguably not worth it to get engaged with swing shorts down here but that’s probably obvious. Earnings season is just around the corner – hopefully there are some fast and furious reactions.
BUY THE GBP
Risk Parity is the new “portfolio insurance”…these strategies will hose the market 4-5 times per year. When they do, buy buy buy.
Exactly what I’ve been saying.
Would you mind elaborating? Would love to know more.
Maybe you folks knew what risk parity was, but I didn’t.
https://en.wikipedia.org/wiki/Risk_parity
“Interest in the risk parity approach has increased since the late 2000s financial crisis as the risk parity approach fared better than traditionally constructed portfolios, as well as many hedge funds.[4][5] Some portfolio managers have expressed skepticism about the practical application of the concept and its effectiveness in all types of market conditions[6][7] but others point to its performance during the financial crisis of 2007-2008 as an indication of its potential success.[8][9]”
“…Risk parity is a conceptual approach to investing which attempts to provide a lower risk and lower fee alternative to the traditional portfolio allocation of 60% stocks and 40% bonds which carries 90% of its risk in the stock portion of the portfolio (see illustration).[10][11] The risk parity approach attempts to equalize risk by allocating funds to a wider range of categories such as stocks, government bonds, credit-related securities and inflation hedges (including real assets, commodities, real estate and inflation-protected bonds), while maximizing gains through financial leveraging.[12][13] According to Bob Prince, CIO at Bridgewater Associates, the defining parameters of a traditional risk parity portfolio are uncorrelated assets, low equity risk, and passive management.[14]”
I guess it works in some types of markets, perhaps not so much in others.
Bridgewater was the reason for August last year.
Maybe I should check the gold/oil ratio to ascertain my directional bias – actually I think I’ll throw some darts at the wall as this is way more accurate and logical.
That spread has been working, cocksucker.
So salty all of a sudden. Are they people that have been silently following your trades but buying up and getting hit right now so they have to be dicks to vent their frustration, or are they bears that don’t say anything until there’s a sell off to be dicks? (Oh, shit, market’s down 1.5%? I can’t forget to go over to iBankCoin and post something childish and asinine!) I’ve always wondered.
Man, it’s been a long long time too. The last two weeks, they’re starting to get aroused.
at some point front-running central banks and grossly confusing that with “investing” prowess and smarts comes home to roost….
Is it still just a case of “front-running central banks” when you that’s not a foundation piece of your analysis and you still come to the same conclusion? Serious question.
When “at some point” comes, I will happily trade the downside. If you think we are “front running central banks”, another way to look at that is playing the cards on the table. Well. We are not confused, we are making money based on the world around us. Are you aware that OA’s biggest trade ever (correct me if I’m wrong) was short Bear Stearns? Confusing since he can only make money front running central banks.
Poor troll… dude sucks a few cocks and now Jeff won’t let him forget about it.
LOL.
Feel like a setup day for a flush
Speaking of trolls, thanks for the analysis.
Hope your right here.