iBankCoin
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
3,749 Blog Posts

Maritime Log: A Question of Credibly

After narrowly escaping a swarm of viscous flies keen on eating my flesh, I’m happy to be reporting to you from the deepest waters of Lake Michigan. Verizon has been kind enough to supply the lake with an acceptable data feed sufficient to update my internet people.

When soliciting the advice of strangers on the internet, there comes a time when one must ask themselves, “Why, in fact, should I listen to this man?”

Many things happen to a person who submerges himself into the news flow. It makes us feel smart and ‘in the know’. We read blogs; first hand accounts from the trenches of industry or sports or fashion. Depending on the trustworthiness of the information, we act and often times we overreact.

I used to hate overreaction.

Which brings us back to the important matter of Raul, floating in the lake, mind swirling from the crafts of brewers and wine makers, having the gall to provide financial commentary on a tier one website.

Tier one, mind you.

I came into the morning very long volatile names, names like $RVLT, $ENPH, and $END. I put faith in my finest futures trading robot to trade at full automation today. More on that in a moment. Sensing maturity in the bounce, I scaled off shares of YGE and MHR at respectable levels from a rain soaked campsite. But #bossram alpha was enjoying the long side of the tape, so I went about my day, exploring sand dunes, beaches, tearing down backcountry roads on a speed board, and letting my longs ride.

When I checked in just now and found the market much lower, I nearly choked on my pipe smoke. How could it be? Things were going so well. The first thing I noticed was ‘El Roi’ my favorite algo, extracted $175 dollars on the way down, in ten minutes. Well done El Roi, which is Sapnish for, ‘the return on investment’.

Next I saw AMBA. Oh the laugh I had when I saw AMBA! At my fellow traders, long of the shares? Goodness no. I’m in deep correction in RVLT and wouldn’t wish that upon my comrades. However, what a comedy of overreaction. This is now an unacceptably oversold situation, one in which I intend to extract income.

Pray for weakness early tomorrow, so I may buy the shares with great pomp and vigor to make a quick 10-15 percent.

You see? I have hardly heard news of any war out at sea. It passed by only, like a cool breeze on my face.

I still want more shares. I want your jetsam…the jetsam you tossed overboard as your mispositioned ship took on water.

Then I must suit up to race on one of the greatest road tracks in America. Because, my friends, you only live once.

Trade’em well

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10 comments

  1. Sooz

    Very good..
    ‘El Roi’..;))

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    • Raul3

      El Roi went on a tear last night, taking two profitable swing shorts while I slept on vacation, earning 300 more. I had to set it free to run autonomously because it had not traded in over 10 days and then took a drawdown right before vacation.

      Typically it’s best to fire the algo live after a nice drawdown because its about to rip profits.

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  2. Sooz

    some of my best trades were made while on vacation, truth.
    although, I don’t use El Roi.
    very good, Sir Raul..

    did you see my SHLD post?
    somewhere here on your blog..nice move here on down day.
    you need one of those bee hats.
    D2mn those Horse Flys..they take junks of flesh. Hope you are having a grand time ‘Up North’

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  3. Sooz

    [email protected]..
    😉

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  4. Sooz

    took position in ARO Filled at $8.53
    I’ve not held position in Aeropostale in years. It use to be a pretty easy one to trade around(?)
    risk/reward

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    • Sooz

      entering position blind…so, don’t buy on my account.
      seems overdone…we shall wait and see.

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      • Sooz

        added here:
        busy morning out and about and placing much needed calls to AAA(no I don’t want that add on my policy) to Bank..etc..etc(press one for ENGLISH..press two to talk to someone who can barely speak it…arrrrg!!!!)

        Status Filled at $8.33
        Symbol ARO
        Order Date 08/29/2013, 10:31:20 AM ET

        yea..that’s right, all you Beautiful People.
        😉

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  5. Sooz

    *edit
    sorry about that..should read ‘Chunks’
    yeah, Big Gnarly Chunks.

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  6. Raul3

    SHLD still looks decent to my eye too sooz

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  7. Sooz

    one of the most under rated artists, in my very most humble opinion, especially her earlier recordings.
    Love this tune..Turn it up (((LOUD))

    http://youtu.be/dZliJ3YUfyo

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