I took some heat today, naturally. If you think you can play this game and never experience the warm embrace of heat then I suggest you get an undergraduate degree in accounting and join the blue collar ranks. You will be cozy, earn a modest salary, fund your 401-k, easily qualify for a mortgage, marry and reproduce, and then find joy in modest your modest home furnishings.
And that’s okay.
But getting more requires getting more. This is like a V.King wisdom. In order to be big you have to be big, you see?
I realize I am fortunate, being on the receiving end of the market only today where others have been beaten around all week. I see big hands in the marketplace, sashaying their orderflow onto the tape, getting my algorithms twisted up. And I recommend sticking with one side to avoid the chop. Right now I am on team long.
Thus I had to sit through most of the day. I closed out my final YELP piece, that was a huge win. It’s less fun to crush a YELP trade when The Fly is not involved, though. But that’s just me trying to get too social instead of focusing on the most pressing matter, banking coin. Huge win.
I started a new long in VJET before I realized it was trend day down environment. Then I became risk averse. Then I realized I was risk averse, in a risk averse moment, and decided to buy the weakness in X.
I have some cash, I have some January expiration call options, and I have a butt-load of longs. I erased yesterday’s gains but I am still well up on the week. Let’s see how they close them out tomorrow. Apparently the NFP report tomorrow is the biggest one this year…go figure.
I still like my Chinese lotto plays LITB and CLNT.
I still like my light emitting diodes LEDS CREE and RVLT
I still like my inverse HnS on SFM.
Elroi needs some gear grease. He’s unfamiliar with the higher octane petroleum I now feed him.
Always more work to do.
If you enjoy the content at iBankCoin, please follow us on Twitter
how come if your picks are down we get a really good video? I like that strategy and fall for it ever time. woo ha!
WHO HA!