iBankCoin
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
3,605 Blog Posts

Keeping it Real: Taking Lots of Punches

The markets continue their summer trading routine, showing up late, leaving early, and sometimes behaving belligerently…as if the sun has cooked their brains.

The S&P session tried going higher, then it tried going lower, and as we speak it’s still trying to go lower.

Oil tried going higher and got smacked down, putting my promising END position back into the proverbial holding position.

Over the weekend, things got a little, how shall I say…weird at la casa de Raul.  Returning home after my bludgeoning, I ate several peaches off my tree like a giraffe.  I scoffed the squirrels for continuing to work my walnut trees bare, and then I cooked a large meal and ate an entire pie.  It goes without saying, but I drank a lovely blonde ale too which put me into a coma by 8pm waking only briefly to play iBC trivia at midnight.

So when I woke up Saturday morning at 3:30am, bright eyed and happy to be alive with the market’s closed, there was nothing to occupy myself with…except for the markets, SMH.  After plugging away at a few of my algorithms and pinning out the i7 quad core for an hour or so, something appeared, a cycle.  It nearly brought a tear to my eye, the beauty of it all: its simplicity.

I ran the data, and it is money.  Saturday morning as the sun crested over the horizon, BOSSRAM ALPHA was born.  The futures markets will never be the same.

It’s hard to describe exactly what BOSSRAM ALPHA is except to call it a cycle of sorts.  It’s a way of “working” a support or resistance level that allows the trader an 88% win rate.  It can be scaled to suit the operator’s financial needs, and it’s devilishly simple.  I’ll be beta testing it on live data all this week and next, and then cash shall be allocated exclusively to the cycle trade.

I would tell you more specifics, but then I’d have to kill you.

REGARDING STOCKS:

I have too many longs, I’m not afraid to admit that.  Everything’s sort of teetering on the brink of death and costing me a “g” every day.  It’s not very fun nor is it funny.  Yet, I can’t stomach the idea of selling most of my positions, for they have not wronged me in any way.  Is it the will of the market to trade only in one direction?  No sir, it is not.  Could I lose another 2-3% of my worth in the drawdown?  As my portfolio stands, yes.

My only action today was to buy more longs, as a matter of fact, gobbling up shares of everyone’s favorite retail data mine, AMZN.  You know: the guys who know what you want before you know what you want.  Genius robots that anticipate your spending patterns years in advance.   Them, I bought them, at the open when they were on sale.  I should have used weekly options, am I right?  I’m looking for a bit more upside to sell into, although the proper way to play AMZN is to swear allegiance to their algorithmic prowess and marry yourself to the name: getting your DCA on like a freak.

FB is having a decent day too, I missed adding shares, but I think it has a bit more churn in the tank which may produce another buyable dip.

I like seeing Z come in a bit.  I hope I’m not too slow to act on this name as it builds strength for the one hundred dollar roll.

OESX, the sleeper LED retrofit company, is having a strong day.  This is something worth monitoring.

These are my thoughts I’ve graced them upon you.  Go henceforth and spread the word.

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7 comments

  1. Raul3

    AMZN just went down, sold to take my profits

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  2. Jules

    Can you plug EBAY into the BOSSRAM algo for me please?

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    • Raul3

      It’s not built for stocks, it’s built for intraday future trading.

      But hypothetically, using a daily EBAY chart, BOSSRAM would be waiting for a cycle to start, some vertical development, if you will.

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  3. UncleBuccs

    Raul, I’m excited for you. BOSSRAM ALPHA sounds awesome. Kill ’em all….

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  4. Raul3

    Thank you, and I will.

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  5. Zonkers

    WRT to BA, do you have some sort of watchdog code that monitors your trades and will terminate the algo if something goes whacky? Ie, bug in algo or the market starts misbehaving. Seems very easy to lose your shirt if you’re not careful.

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    • Raul3

      The algo has a 24 hour loss limit restriction way out of the way to stop it from ‘flash crashing’

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