iBankCoin
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
4,121 Blog Posts

Keep Calm Unless WWIII

I had a post written up in Word ready to submit to the fine readers of iBankCoin which was corrected into bits of electronic vapor (no eCig) when this POS Dell machine I am operating from went black.

Thus you get only a synopsis, which is likely 10x better.

We are still in intermediate term balance but that was some harsh selling, intraday.  We should keep calm and carry on with our prowess.  The only catalyst to a true across-the-board correction is China and Japan starting World War III.  This is the talk of the down after Sinzo Abe made some left-handed peace talks in Davos yesterday.

Since the news flow has decided to go full World War III East Asia Edition, my book, 25% nestled into LED stocks, is getting lit up.  I ended the day down 3.25%

My Amazon trade has gone wrong mostly because I did not buy enough time.  I still want Amazon, but it appears my option strategy was too tight on time.  I can either shop for some further dated options, buy the common, or move on.  This may be how the addiction forms.

Elroi took no trades today.  He does not like long vertical moves.  He instead prefers to catch the initial turn in the market.  Why he missed the afternoon ramp then?  The edge diminishes in the final hour, when the market goes rouge.

I have 18% cash and made no adjustments today.

Be well

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5 comments

  1. RaginCajun

    I’m thinking RVLT tomorrow

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    • Raul3

      I think RVLT almost every day though this consolidation….perhaps that is why my position keeps getting larger!

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  2. jo

    Thank you for this..
    Today was painful.
    Tomorrow is another day.

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  3. John Smith (@JSmith191900)
    John Smith (@JSmith191900)

    liking SA for today- heavily shorted gold miner with 14 days to cover

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