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

RAUL3 IS SWEARING OFF STOCK TRADING

I just got done booking a massive loss from another earnings blow up over at SWI and I figured, you know what? Screw KORS too. I’m done with this gaudy shit, sold.

I am so completely disgusted with my stock/option trading process I could vom across the room Poltergeist style. I performed a little exercise this morning, something to keep me from hulk slamming my monitors. I went through every trade I’ve taken over the last 12 months.

LOL

I’ve given my brokers enough cash via commissions to buy a 2003 Honda Accord with 75k on the odometer in great shape. Whilst churning my book to and fro, I’ve managed to scrape out over 15% in losses. Done.

I’m turning over a new leaf. I cannot be trusted as an operator of stocks. Instead I will be the lazy man I was destined to be.

I am becoming an investor.

Developing…

If you enjoy the content at iBankCoin, please follow us on Twitter

17 comments

  1. Shoot5Hole

    Start with HTZ

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Raul3

      no way, but good on ya if you’re reaping the benefits of today’s gap up

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  2. corey

    I literally lol’d in my office at the Honda comment.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. thegametheorist
    thegametheorist

    And KHC

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. gorby

    We had purchase GOOGL 18 months
    ago and we waited and waited and
    today our ship came .We did the same
    with PGH an I’m afraid it will never
    come in.Hard to know

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. MBull

    Your futures analysis each morning is a must read, when a hypo starts shaping up and I participate, it usually ends well. No stock trading needed on those days.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Raul3

      yeah I’m still going to trade the futes MBull, glad to have you reading along

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  6. Gnat

    I think traders are born not made. Despite working on it for 20 years I would say I have streaks of good luck with break even to slightly losing the rest of the time. Add it all up and it’s a wash.
    My wife on the other hand with no formal training kills it most of the time.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. gatorsun

    ditto on the wife’s plays $M(she likes the store) $ulta(she like that stuff) $sbux(she is addicted) all multi year holds..no over thinking,,just did it and sat

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. ironbird

    Considering only trading other markets and the indexes. QE turned the tape into a massive pump and dump scam. Only the indexes and massive megacaps still rise from the printing presses. IPOs are criminally overpriced and bull trends do not exist except(once again) in the indexes and massive megacaps. Seriously considering commodities, bonds, and the scam only as trading vehicles. One question tho. “Invest in what? The only thing rising is the tape itself. And the hot industry names are massively extended based on any past price action example. There are few if any 80’s type investing opps out there. The IPOs come valued so high it is impossible.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • ironbird

      The megacaps are working because they have become the indexes.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • ironbird

        They might as well call it the SPY 50. And that could be generous.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
        • Raul3

          I’m outsourcing the bulk of my investment research going forward, 6 month time frame, targeting growth at a reasonable price, and devising a sizing mechanism based upon the hybrid OS, the RCS, and the OhS triggers.

          • 0
          • 0
          • 0 Deem this to be "Fake News"