That is what I was thinking over and over again as I wondered if the Tuesday afternoon slash Wednesday morning Nasdaq seller would reemerge in the afternoon. He/she/it did not. Instead we grinded away on the index board while a few marquee momos had the insolence spanked out of them.
The market stopped me out of a few ideas today, two of which came from the Weekly Strategy Session. You see, these ideas are not merely printed to build wonder, they are traded, and will fail from time to time. I am really good at losing.
Sofa king good, in fact, it makes me dangerous in the field. It makes money, oddly enough, being a good loser. Sometimes you go to your rec soccer league expecting an even matchup and the Greek national team shows up. You can become frustrated. Or you can pick your spots to defend, accept your likely fate, and be a good sport.
It is really a matter of how you want to live your life.
I have no hot pick for you. My favorite two stopped me out. I will be scouring the iBankCoins, just like yous, looking to see whos hot for what and whether or not I can build some risk and profits into it.
Oh yes, and before I forget…wow this market has frustrated the masses. The ‘illusion of higher equity prices’ is the most hated bull market in my short tenure. Pick stocks, wrap risk, execute. Say it with me.
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RAUL DID YOU SHORT GOGO AND YELP? DID YA BANK?
I didn’t, but your sentiment certainly did not follow on def ears. Don’t hesitate to drop your old pal raul a comment. I booked a small gainer in that gogo and took my stop in YELP.
On your reaction to the reaction to the reaction on fed days post, don’t you treat announcement like a new session with new initial balance and so forth? Or does that not give you a sense of direction?
Great question, sometimes. I have to see a significant element of change occur. There wasn’t a big rotation at any point which merited a fresh profile. It stayed stuck in balance instead.