The market – Not quite
Raul – INDEUD
There is an air of discontent amongst the stock picker class today. The trumped up bull certainly did not lift all ships. Take my precious RVLT for instance. It traded like a loser while loser stock LEDS went on an ape shit quest.
GOOD THING WE BOUGHT STUPID LEDS THIS WEEK, YES?
Pardon the all caps, but I blew out a few thousand shares of LEDS at $1.42 today. Now I have a risk free position that can ‘do work’ while I focus my attention on extracting dollars from the futures markets. Speaking of which…
Trading the /NQ continues to show progress. Here’s the current statistics:
44 trades, 35 wins, 79.5% win rate
Goal:
50 trades, 75% win rate
As you can see, the plan is progressing rapidly thanks to the opportunistic nature of the indices. The stock picker reigns supreme in this market yes, but adding a method for extracting money from the random walk of the index futures is a must in my humble opinion. Once I hit 50 trades I will up my position sizing.
I went ahead and bought a full size PPC position. Earnings are on the 31st and chicken manufacturing inputs are cheap. Bird meat is consumed by our rabid population every day, the chart has gone largely ignored after a successful campaign higher, seasonality says indeud, and I feel the voodoo spirits talking on this one.
ONVO started to tingle my kidneys this afternoon. Either that or I have another stone forming
::drinks two gallons of water::
Portfolio sits at all-time highs folks. I could be a normal piker, giving my money to the stock market or sidelining. Instead I commit to the game, take any and all criticism as constructive, and keep my eye on the prize.
Google blew out earnings and is trading at all-time highs. You should too.
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Do you plan on accumulating shares of LEDS or is it a quick trade?
Quick bang BST, I do not particularly like the firm in question
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thank you robo commentor