The market opened today and was an institutional sale. We had a directional drive lower off the open and it carried a bit of follow through as early knife catchers were liquidated. With the move went many of the momentum stocks, possibly due to the Nasdaq and Russell leading the way lower.
Since my daily analysis is a point of pride, using the wrong start date for several analysis to describe intermediate term balance sucks. Once that small change was made, the downside imbalance became abundantly clear. Last week we were on watch for shenanigans, it appears said shenanigans were held off until today. Old school iBankCoin bad boy Scott Bleier had a name for this—day of terror, we see about two per month in the QE environment.
Moving on, I booked my GPRO investment just shy of $70 after we nearly touched my $72 price target this morning. Many of you thought I was a bit batty, buying this IPO and calling for $72, when in reality I was dead on. The truth is, no one thought I was batty, instead the call was mostly overlooked. It shall go down as my best investment call ever, to date.
I stopped out YELP early, LOCO is on the fritz, and PBPB is dead money but has me craving peanut butter. There is still a bid in the slower names, V does not look horrible nor do my October calls. I tried grabbing the GOOGL knife this morning, expecting some dastard reversal to print some epic hammer. All I have is a flesh wound to show for it.
Finally, everyone has their own style of trading. Just look at the numbers and make sure you maintain a positive expectancy. I scale, and scaling allowed me to milk a big profit out of WB. I still have a small piece, which is down a stupid amount of money, but the emotional toll is practically nonexistent. As I continue to develop, this consistent victories keep me focused and sharp.
Embrace the day of terror, do not let the initial blow of its impression knock you off your feet.
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hat tip on GPRO, sir.
thanks https://www.youtube.com/watch?v=Ky1HiwZjYKE
Great GPRO trade.
thanks bro
I had a rather hard time cishoong just one type of physician I would want to work for. So many of them fascinate me, and with me not really going into any medical field other than support, I never gave this any thought in the past. After reading the list, I am more favorable of working for a neonatologist. It is difficult to think about how neonatologist physicians sometimes have the most difficult job in the world, but I can only imagine how amazing it would be to be a part of saving a baby’s life. I had a coworker once whose baby was born at 36 weeks, and her baby had a lot of heart and lung problems. There were concerns about whether or not they would ever fully develop once she had him, but after many months in the NICU, and many scares that happened during it, the doctors were able to save him and he is now a very healthy 5 year old. It is because of that I have a higher interest in the neonatologist field.I hate to say which type of physician I would care less to work for, and it is because I worry that many will take it the wrong way. When I was 16, I used to help my mom at an assisted living home as a caregiver. We would get to work at 7:00 A.M. every morning to prepare breakfast for four of the elderly men and women that we were caring for. We would then make sure that all bedding was changed, rooms were cleaned, meals were prepared, and appointments were handled. We worked 12 hour days, and they were always grueling. The owner of the home made sure that everyone had their medicine and made it to their doctor appointments on time. However, she was more worried about getting paid for her services than actually helping the elderly. She would yell at them if they did something wrong, and even call them terrible names. My mom reported her and we both quit our job, but it has always left a sting in my heart since then. It is because of my experience with that situation that I do not think I could ever work for a gerontologist. I know that the situations would be much different, but ever since my experience with caring for elderly individuals it is very hard for me to think about assisting a physician in geriatrics because I worry that someone else might treat the elderly in the same way the owner of the home did. I am a firm believer that the elderly deserve the ultimate care and comfort when going through any treatment and aging in general, but I do not think I could ever work in that environment again.
LOCO – out