iBankCoin
The first hit is always on the house.
Joined Aug 2, 2009
1,847 Blog Posts

Good Morning

As you know, I am out of town for the remainder of the week. I’ve hit my southern California destination, and have successfully set up shop. The valet and concierge gave me an odd look when I rolled a luggage cart with 2 24″ monitors, a laptop, and microphone through the lobby.

Before I forget, AHOWA members, we are going to utilize GoToWebinar for our session after the bell today. Livestream on the road is not an option, unfortunately. I will provide login details on the AHWOA page prior to our session.

As for the market, I am going to book a couple gains in something today. Just not sure what yet. I feel like I’m on a 10 hand winning streak at blackjack here and know its only a matter of time before I lose a hand. For the record, this has been an incredible run, and further proves the point of focusing on the trade, not the market.

OA

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THIS IS COMICAL

Guys, Dow down 150…all my stocks are up. Not to mention, I have front month OTM calls on these.

SINA, DANG, MCP, YGE, FSLR, CRUS, P, SFLY, GRPN, PWRD, DECK

In other news, my attempt to broadcast out of the trunk of my car while traveling today has resulted in an ultimate fail. The internet here is shit, and I apologize. It is not strong enough to transmit voice. I would like to try this again for the After Hours with Option Addict crowd, and perhaps even invite the Piker’s along with us, to see our hand at market mastery.

Tomorrow, I will be back for our normal time as usual. Enjoy watching others lose money in this tape.

OA

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This Industry Needs an Enema

I am in awe of the shit financial advice thrown out over the teevee and throughout many different arenas on the internet.

Very few have gotten this market right lately, and what’s worse is how wrong most have called it.

Look, we operate in the shadiest industry on earth. It’s like the weight-loss industry. Everyone has the magic pill or supplement, and they’re willing to sell it to you. How many pills do you need to pop before you realize, its not that bad genes run in your family, its that nobody runs in your family?

These last few weeks should encourage you to reduce the noise you listen to through financial media. It’s a matter of time before these retards are run from their privileged positions anyway. Take your advice from traders, not reporters or internet marketers. When you start to take these people for what they are, their value diminishes significantly.

I’m pretty excited about the analysis we’ve done around the market over the last few weeks, and even more excited to start highlighting the rotations that will start taking place over the next few days. If I didn’t earn your respect in the last few months, than perhaps I don’t want it. I’m focused and excited for the gains setting up in the month ahead, as you should be as well. Speaking of which, welcome to STOCKTOBER.

OA

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