Hungry, thirsty and radioactive

275 views

Hey kids – no charts, no fundamentals, no algorithms and no stops lol:

URA
DNN
CCJ
UUU on TSX (bought out by Russians today) sold
CORN
JO
DBA

Second week of 2013 has been good to me, first takeover. I was lucky enough last year to have 5 takeovers in my portfolio, which is personal yearly record for me.
Shout out to my trading partner for nailing that SHLD to the wall.

Happy trading,
Mr. P

These stocks are high beta and if you buy any of them because of this post, aliens will kidnap you and use for their sexual experiments.

Behold: 2013 pick of the year

430 views

Here you go kids 🙂

URA

If you buy this ETF because of this post you might lose a great deal of money and
start glowing at night. Very risky play, at the time of this post I have no position or intention to buy it today.

Happy trading.

Mr.P

2013 getting ready

419 views

NEW YEAR IS COMING …
Before I post my picks and predictions, lets look back at 2012 picks…

2012 picks

I still have all booze stocks…
casinos have been replaced with ETF: BJK
I have sold out of all tobacco stocks for ethical reasons

If you look at my comments on the same blog please
note that I currently have a full position in CP and
1/2 position in CNR

I have kept both TU and BCE and also have RCI – 3 major Canadian telecoms.

I do not hold any US, Asian or European railways or telecoms…

All positions mentioned above are in my investment ports, which I don’t trade often at all…

Happy trading and Happy Holidays to all,

Mr.P

Market – 14/11/12

340 views

The time has come to blog a little here. Last week on Wednesday I was asked to blog, but was pretty busy with my day job and couldn’t do, but today I have to blog.
Market is at the cliff, forget the fiscal cliff of US Government, I am talking about facial cliff for the longs.
We have reached the critical mass and just like nuclear reaction we are exploding or imploding, whichever way you call it.
There were plenty of signs which lead us into this. What signs you ask? If you don’t know you should not be trading. Forget about the talking heads, news, facial cliffs, elections and other BS – look at price action – this was a biggest tell (of course Fly blog last Wednesday was another major tell).
Last Wednesday was a turning point for me – I sold most of my longs, many at loss and started building a short position. I didn’t know for sure, but all of the indicators were there (at least for me).
Trading or investing is really not about what you trade (as most retail believes), but about HOW you trade.
You can make money with any stock at any time if you are on the RIGHT side.
I was the biggest long for 3 years straight, but I have never forgotten 2008 – a trader doesn’t grow if a trader doesn’t learn.
I know many of you come to read these blogs, specifically The Fly blog to find out what stocks he picks and try to ride them. I am here to tell you – YOU CANNOT TRADE LIKE FLY, only he can. What you can do is get his feel for the market and trade accordingly, because if you did exactly that you would be winning.

It’s a bull market, you know ….. Indued

352 views

It’s has been awhile since I blogged on this pages, so I thought today might be a good day to put out a blurb.
I have been long this market for a while with a simple motto: it’s a bull market, you know.
Stock market, investing or trading to me has very little to do about what to buy, but more about how.
You can make money in any stock, etf, derivative or bond if you on the right side of the trade… Right side of the trading is the ONLY thing you should be curious about, not What stocks to buy (JMHO)
After all isn’t it all about the right side? Many search for it by trying to nail every market move, watching every tick, jumping at every possible market fluctuation. Oh well: if that tactic works for you – great, I admit I do it occasionally in my “crazy trading port”, after all I have created it just for that – crazy trading, I have been lucky enough to score high 70% YTD, but it doesn’t now excite me at all. This port is not what I am about and simply there for entertaining purposes.
My other ports is what it is all about – the returns are much lower that their “crazy” brother, but they present what I think is The Way To Be. I can sleep well holding them, I am never pressured to sell or buy positions there, I simply feel good holding them – they make me comfortable. Of course they are built for bull market, how also? The only reason I sell stocks there is to rebalance them – balancing these ports are important as in no time I don’t want to be greatly overweight in any particular position. All ports have cash balance which varies at any time 10-15%, the trading port sometimes can go 100% cash, but most of the time 100% invested. In this ports I do not search to nail a right stock, I am not that smart. I am looking to find the right side of a sector, global market, commodity or currency. It works for me, it doesn’t require a lot of work and maintenance and it is great as I do not want to spend a lot of time on it.
My ports always generally have been well represented with Canadian stocks, Canada doesn’t have many sectors: Financial, Mining and Energy would cover most of the economy (ok, ok there is also RIMM and LULU lol). The interesting thing about owning Canadian stocks is that you get built-in leverage with them – do know if many of you know that but $CAD is on the tear these days and the higher market goes in the world the higher $CAD will go, after all – $CAD is commodity currency and BB wants higher commodity price, period… so in retrospect FED wants you to buy $CAD, sounds crazy I know.
Anyway, what I am trying to say here is stop jump around stocks so much, step away from you monitor and see THE WHOLE TREND – it’s a bull market, you know.
In other news: stocks DO go down, it’s simply NATURAL.
Good trading,
Mr.P

It’s a bull market, you know

438 views

And if you don’t there is nothing I can do about that and you better keep your day job, this is not for you.

It was the change in my own attitude toward the game that was of supreme importance to me. It taught me, little by little, the essential difference between betting on fluctuations and anticipating inevitable advances and declines, between gambling and speculating. I think it was a long step forward in my trading education when I realized at last that when old Mr. Partridge kept on telling the other customers, “Well, you know this is a bull market!” he really meant to tell them that the big money was not in the individual fluctuations but in the main movements that is, not in reading the tape but in sizing up the entire market and its trend. And right here let me say one thing: After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I’ve known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine that is, they made no real money out of it. Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money. It is literally true that millions come easier to a trader after he knows how to trade than hundreds did in the days of his ignorance.

Happy trading or…. happy sitting 🙂
Mr.P

Welcome to June

275 views

Stock market did nothing today or didn’t it?
TSX was up huge today lifted by commodities, but do I get excited here? Nope.
We are in June and I obey seasonality.. ok, ok I TRY to obey seasonality.
June is not a month to be fully invested in the markets in a good year and definitely not a month to be invested in the markets this Mayan cluster-fuck year.
We have 3 important invents scheduled between June 17-19 :
– Greek election… yes again the people of Greece are going to vote for a new Government, but last time I’ve checked Merlin was not on ballots… so no matter who wins they are fucked. Yes, there is no good outcome for Greece or Europe or stock markets …
– We have a meeting in Moscow out of all places where G6+1 (I think this is how they call themselves) will decide what the fuck to do with Iran. Potential outcome? I don’t expect any , but it can create a lot of turbulence, especially in energy market.
– We have election in Egypt… who the fuck cares you say? Oh really… you should – if Muslim brotherhood comes to full power and command of the 6th largest army on the planet and a largest country on the Middle East, watch out.
Excuse my use of “F” word, I don’t feel particularly calm or contempt at this time.
The only plan which makes sense for me is high cash and sometimes scalps (if you are day-trading).
I didn’t say anything about Fed and QE here… why? I believe it when I see it.
Happy trading,
Mr.P

Hungry, thirsty and radioactive

275 views

Hey kids – no charts, no fundamentals, no algorithms and no stops lol:

URA
DNN
CCJ
UUU on TSX (bought out by Russians today) sold
CORN
JO
DBA

Second week of 2013 has been good to me, first takeover. I was lucky enough last year to have 5 takeovers in my portfolio, which is personal yearly record for me.
Shout out to my trading partner for nailing that SHLD to the wall.

Happy trading,
Mr. P

These stocks are high beta and if you buy any of them because of this post, aliens will kidnap you and use for their sexual experiments.

Behold: 2013 pick of the year

430 views

Here you go kids 🙂

URA

If you buy this ETF because of this post you might lose a great deal of money and
start glowing at night. Very risky play, at the time of this post I have no position or intention to buy it today.

Happy trading.

Mr.P

2013 getting ready

419 views

NEW YEAR IS COMING …
Before I post my picks and predictions, lets look back at 2012 picks…

2012 picks

I still have all booze stocks…
casinos have been replaced with ETF: BJK
I have sold out of all tobacco stocks for ethical reasons

If you look at my comments on the same blog please
note that I currently have a full position in CP and
1/2 position in CNR

I have kept both TU and BCE and also have RCI – 3 major Canadian telecoms.

I do not hold any US, Asian or European railways or telecoms…

All positions mentioned above are in my investment ports, which I don’t trade often at all…

Happy trading and Happy Holidays to all,

Mr.P

Market – 14/11/12

340 views

The time has come to blog a little here. Last week on Wednesday I was asked to blog, but was pretty busy with my day job and couldn’t do, but today I have to blog.
Market is at the cliff, forget the fiscal cliff of US Government, I am talking about facial cliff for the longs.
We have reached the critical mass and just like nuclear reaction we are exploding or imploding, whichever way you call it.
There were plenty of signs which lead us into this. What signs you ask? If you don’t know you should not be trading. Forget about the talking heads, news, facial cliffs, elections and other BS – look at price action – this was a biggest tell (of course Fly blog last Wednesday was another major tell).
Last Wednesday was a turning point for me – I sold most of my longs, many at loss and started building a short position. I didn’t know for sure, but all of the indicators were there (at least for me).
Trading or investing is really not about what you trade (as most retail believes), but about HOW you trade.
You can make money with any stock at any time if you are on the RIGHT side.
I was the biggest long for 3 years straight, but I have never forgotten 2008 – a trader doesn’t grow if a trader doesn’t learn.
I know many of you come to read these blogs, specifically The Fly blog to find out what stocks he picks and try to ride them. I am here to tell you – YOU CANNOT TRADE LIKE FLY, only he can. What you can do is get his feel for the market and trade accordingly, because if you did exactly that you would be winning.

It’s a bull market, you know ….. Indued

352 views

It’s has been awhile since I blogged on this pages, so I thought today might be a good day to put out a blurb.
I have been long this market for a while with a simple motto: it’s a bull market, you know.
Stock market, investing or trading to me has very little to do about what to buy, but more about how.
You can make money in any stock, etf, derivative or bond if you on the right side of the trade… Right side of the trading is the ONLY thing you should be curious about, not What stocks to buy (JMHO)
After all isn’t it all about the right side? Many search for it by trying to nail every market move, watching every tick, jumping at every possible market fluctuation. Oh well: if that tactic works for you – great, I admit I do it occasionally in my “crazy trading port”, after all I have created it just for that – crazy trading, I have been lucky enough to score high 70% YTD, but it doesn’t now excite me at all. This port is not what I am about and simply there for entertaining purposes.
My other ports is what it is all about – the returns are much lower that their “crazy” brother, but they present what I think is The Way To Be. I can sleep well holding them, I am never pressured to sell or buy positions there, I simply feel good holding them – they make me comfortable. Of course they are built for bull market, how also? The only reason I sell stocks there is to rebalance them – balancing these ports are important as in no time I don’t want to be greatly overweight in any particular position. All ports have cash balance which varies at any time 10-15%, the trading port sometimes can go 100% cash, but most of the time 100% invested. In this ports I do not search to nail a right stock, I am not that smart. I am looking to find the right side of a sector, global market, commodity or currency. It works for me, it doesn’t require a lot of work and maintenance and it is great as I do not want to spend a lot of time on it.
My ports always generally have been well represented with Canadian stocks, Canada doesn’t have many sectors: Financial, Mining and Energy would cover most of the economy (ok, ok there is also RIMM and LULU lol). The interesting thing about owning Canadian stocks is that you get built-in leverage with them – do know if many of you know that but $CAD is on the tear these days and the higher market goes in the world the higher $CAD will go, after all – $CAD is commodity currency and BB wants higher commodity price, period… so in retrospect FED wants you to buy $CAD, sounds crazy I know.
Anyway, what I am trying to say here is stop jump around stocks so much, step away from you monitor and see THE WHOLE TREND – it’s a bull market, you know.
In other news: stocks DO go down, it’s simply NATURAL.
Good trading,
Mr.P

It’s a bull market, you know

438 views

And if you don’t there is nothing I can do about that and you better keep your day job, this is not for you.

It was the change in my own attitude toward the game that was of supreme importance to me. It taught me, little by little, the essential difference between betting on fluctuations and anticipating inevitable advances and declines, between gambling and speculating. I think it was a long step forward in my trading education when I realized at last that when old Mr. Partridge kept on telling the other customers, “Well, you know this is a bull market!” he really meant to tell them that the big money was not in the individual fluctuations but in the main movements that is, not in reading the tape but in sizing up the entire market and its trend. And right here let me say one thing: After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I’ve known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine that is, they made no real money out of it. Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money. It is literally true that millions come easier to a trader after he knows how to trade than hundreds did in the days of his ignorance.

Happy trading or…. happy sitting 🙂
Mr.P

Welcome to June

275 views

Stock market did nothing today or didn’t it?
TSX was up huge today lifted by commodities, but do I get excited here? Nope.
We are in June and I obey seasonality.. ok, ok I TRY to obey seasonality.
June is not a month to be fully invested in the markets in a good year and definitely not a month to be invested in the markets this Mayan cluster-fuck year.
We have 3 important invents scheduled between June 17-19 :
– Greek election… yes again the people of Greece are going to vote for a new Government, but last time I’ve checked Merlin was not on ballots… so no matter who wins they are fucked. Yes, there is no good outcome for Greece or Europe or stock markets …
– We have a meeting in Moscow out of all places where G6+1 (I think this is how they call themselves) will decide what the fuck to do with Iran. Potential outcome? I don’t expect any , but it can create a lot of turbulence, especially in energy market.
– We have election in Egypt… who the fuck cares you say? Oh really… you should – if Muslim brotherhood comes to full power and command of the 6th largest army on the planet and a largest country on the Middle East, watch out.
Excuse my use of “F” word, I don’t feel particularly calm or contempt at this time.
The only plan which makes sense for me is high cash and sometimes scalps (if you are day-trading).
I didn’t say anything about Fed and QE here… why? I believe it when I see it.
Happy trading,
Mr.P

Previous Posts by Mr. Partridge
Red Curtains
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JPM shit show
7 comments