Still Alive

I am clawing back some gains in this marketplace, with the bulk of the progress spearheaded by the action surrounding Weibo.  I did not take a position in Weibo but my plan of attack on SINA began to fruit and I took a nice trade in Twitter.  My book is now down a mere 11% year to date.

The question now is whether I should be raising cash.  This is my third month of seeing many options vanish from my portfolio and good riddance to the lot of them.  My book is clean now and I intend to sell more of it.  But for now it stands as follows:

Largest-to-smallest: LO, TWTR, AMBA, SINA, CREE, RVLT, DDD, YGE, FCEL, OESX, TSLA, and GRNH

I plan to peak out at 12 positions but may go as far as 15 if I simply cannot close a position.  I am questioning some of my favorite plays for their merit.

Futures trading went well, my algo traded well too.  This was day two of all systems running in harmony and my system showing me tons of confidence.  I will continue testing however into the more aromatic sessions as the month progresses and “Sell in May” becomes a discussion.

I am in no rush.  I can tell you this, with confidence, if I had some sort of urgency for keeping a roof on my head and food in my belly, then I would certainly fail.  One must wear a few hats to properly pursue their dreams, IMHO.

Have a great Easter holiday and enjoy a working day with the market closed.  These working days always blow my mind, the amount of work I am able to complete with the market closed.

Swing Trade Plan for $DDD

I started buying 3D tech this morning with a 1/3 entry.  This equates to roughly 3.5% of my risk portfolio.  My goal is to continue having price come against me so I can build to at least 2/3 in size.  If however we turn higher here, I will be obligated to take my first target and wait for a new opportunity to enter.

This trade is me getting back to my swing trading roots in my favorite industry, technology.  If I side with any political party it is the futurists.  I am intrigued by the people behind companies who are technology ambassadors to the world.  They are disruptive and have more potential then established cash cows.

3D is almost 50% off the high water mark we printed late last year.  This is an overreaction and a welcomed one by me, because I have been left out from owning this company for a very long time.

Without further adieu, here is my wish list plan for accumulating 3D technology.  Hopefully it craters after earnings, which I will be holding through:

DDD04102014

Doubling Down: Doing The Dirty

Everyone has a different style of trading.  These methods are forged by our own mental aptitudes and the experiences we accumulate in the marketplace.  Most of the time I want to own momentum stocks not because they are momentum stocks, but because they are the companies who have operations that actually interest me.  The challenge is managing the type of price action you can expect from the likes of Twitter or Facebook or Cree.

How about Chinese websites?  It seems like a good idea to have a few of the most popular sites from ASIA around, but good luck stomaching the daily movements.  This compelling story stock is a wild beast and riding it requires patience and strategy.

I put tons of time and research and machine hours into taking better market entries—entries which skew statistics in my favor.  That does not rule out order flow going against my entry.  One type of trade I take is to enter an oversold stock I like with a partial long.  Sometimes I take half positions, other times a third.  But I do so with a plan.  Therefore, I will lay out my plan, in the naked, for how I intend to play SINA, a stock as violent as they come.  Behold:

DAILY CHART:

SINA_daily

WEEKLY CHART:

SINA_weekly

The best trades take time and often fly in the face of recent market activity.  The above road map is how I will catch a momentum rabbit by its tail.  I’ll be keeping tabs on this one more gregariously than my recent trades.  More quality, less quantity positions, yes yes?

I never made my point, the point this post title alludes to.  If you are going to double down on a position, or average in, you better have a plan and stick to it when you are in the heat.  Hell that’s life in a nutshell so get out there and execute.  Plan and execute, plan and execute.

 

Pressing Any Momentum

There is no game in town better then momentum swing trading, in my very humble opinion.  It just has the potential for so much given the proper risk strategy.  The play is essentially to buy into the best looking charts in the most momentous stocks and try to hold on to the one or two positions that go beast mode while the rest do nothing/bleed you out.  Managing the bleeders is the bulk of the labor.

The other game is intraday scalps in the futures.  There were a few opportunities today before we went catatonic.  Overall, I was waiting for some aggressive selling but it never quite showed up.  Therefore, I put on weekly YOLOs in LULU.  The weather is breaking and with the change comes streets literally lined with women in yoga pants and skirts.  It feels festive to put a side bet on LULU into the weekly close, especially while we trade in the viscous gap region.

I took another scale in the weekly TSLA calls I bought last week.  This is the “one or two” positions I need to not muff to make this whole idea work.  I took a solid scale intraday at the first peak, it felt good.  The execution was solid and I didn’t sell the whole position—a folly which would have me level 3 frustrated because of how the stock ended the day.

Social media took a burn mostly today, led by YELP which was caught on the receiving end of an FTC document from a few weeks back getting passed around.  I am right about at my risk extreme for this position.  However, it did not breach.  Thus I will have to just tolerate the potential risk of a gap lower tomorrow.  This is one of the drawbacks of swing/momentum trading, but you diversify so one loser does not derail you.

I bought some KNDI today once it fell well off its high of the day.  I have little else to report.  The intermediate timeframe is getting a look I know and love, thus I am pressing my longs into overhead supply a bit more.

In business, not just trading, momentum is your best friend.  If you can get a little bit of it, keep it rolling or else you will have to break the static force of friction again.

Armed to Go Beastmode Again

There was nothing about the way the market closed yesterday which suggested we would gap-and-go higher today.  You have to take every indicator, every puzzle piece if you will, in context.  It is important to not base your decisions on any one single indicator or seasonality statistic or favorite blogger pick, but instead to build a comprehensive knowledge of the market and its stocks.

You can achieve this rounded understanding by keeping your browser dialed into iBankCoin.com where a band of pirate-like capitalists cultivate an environment of winship and tenacity.

I started intiating risk yesterday afternoon after noticing a subtle shift in the behavior of “the seller” in the NASDAQ futures.  Where she so often struck with great vigor and gumption, she instead gave a limp-wristed shove.  I was shocked.  I was sitting in my chair, watching dearest Elroi trip over himself to cover the robot short, the same afternoon short that was bread-and-butter for weeks.  That was the first bit of context.

Then today also happened to be the first of the month.  You need to hammer a few calendar dates into your brain: the first trading day of the month and the Thursday before option expiration.  These are shenanigan days and you need to- be ready for anything on them.

The buyers came in at the opening bell and prices drove higher, the action was abundantly clear to be of the long term participant variety.  Given the context of an off kilt seller yesterday, and the vigor of the long term buyer today, I made the executive decision to intiate an aggressive amount of risk.  What risk, exactly?  Well I’ll tell you:

YELP & Z calls and YGE stock

I swapped out most of my ENPH for the YGE so it was actually only a lateral move.  Here is the rest of my book, for better-or-worse:

Calls: TSLA (weekly), ZNGA and FB (April)

Stock: RVLT, LO, GOGO, TWTR, CREE, AMBA, OESX, IMGN, LEDS, HEMP, and GRNH

That makes 17 positions.  I will look to consolidate that sooner rather than later.  As soon as tomorrow, as a matter of fact.  Let’s see if I can make some pesos tomorrow.

I was up 2.6% on the day.

Cash is 6%

Pants are off in anticipation of oculus rift.  I have to step up my FaceBook game.

RAUL BUY: $FB

I am back on the facebook bandwagon.  They bought Oculus Rift, that’s just cool.  Plus, I like the look here verses the 99day EMA.  In the $62.50 April Calls.

Terminated

I am trading well but ENPH is taking me out back and beating me senseless.  I am down 15% on this stock in two short days.  Unreal, yet very real simultaneously.

Here I am, once again, juggling 50 plates in the traveling circus show only this time one after another is smashing atop my bald clown head and cerebral fluid is dripping down my pasty cheeks.  I lopped another 1.5 percent off my book today.  I would have been two, but I had a TZA position which I sold within the first five minutes of trade.

My only other move was to buy calls in TSLA.  This is a 7 dollar bet essentially that states, “$300 before $200.”

I looked at buying other stocks today, names like DANG and GOGO, but I held off.  Clearly I have angered the market gods and they sent their fallen angel ENPH to sodomize me.  The stock never went up one penny since my ‘reentry’ nope, straight down the pipes.

I could like to be sick but I have 5 more hours of work.

ENPH may just be another ticker symbol in the market of stocks, but every time I have traded it I get the rolling pin to the face and ass.

Don’t worry I am still in so it can continue catering. I haven’t felt this noob in a few years.

A Message from Your Comrade Raul

It will take much more than this simple two day rally to convince me all is well in Western finance.  There is little I can say about the violent pin action in small bombs to back my case for lower equity prices.  It is something I dream of, like a dog dreams of green pastures, while I nap in the warm embrace of sunlight.

This year we do not only sit idle in our longs, waiting for them to make the Great Move.  No my friend, instead we primp and prune at each and every market junction, slowly, enjoying the process as if it was a warm piece of German Chocolate cake.

In the event of any weakness this week, even a modest gap lower, I will reduce my QID long.  This position has a leverage element and what did we discuss last night about leverage and time?  These two they are not friends, they are like villains of each other.  We know that if our timing is right our gains are doubled.  This is modest leverage, nothing like a futures contract.  This position is like old man who sits and feeds the pigeon, slowly luring the dinner in close before snatching it into his purse.

I can buy more QID if we go higher, but I have a clear stop in mind, something that will take a strong effort from the long term buyer to trigger.

It could happen, I am only market speculator, not magician sent here to trick you.

Keep away from my precious RVLT.  This one is mine, with cost basis dating back to February 2013.  The fact that my position is larger than any prior record is irrelevant, like dog on cross country ski slope.

Sleep well, eat a hot dinner and vodka, for tomorrow will be a red victory.

Still Alive

I am clawing back some gains in this marketplace, with the bulk of the progress spearheaded by the action surrounding Weibo.  I did not take a position in Weibo but my plan of attack on SINA began to fruit and I took a nice trade in Twitter.  My book is now down a mere 11% year to date.

The question now is whether I should be raising cash.  This is my third month of seeing many options vanish from my portfolio and good riddance to the lot of them.  My book is clean now and I intend to sell more of it.  But for now it stands as follows:

Largest-to-smallest: LO, TWTR, AMBA, SINA, CREE, RVLT, DDD, YGE, FCEL, OESX, TSLA, and GRNH

I plan to peak out at 12 positions but may go as far as 15 if I simply cannot close a position.  I am questioning some of my favorite plays for their merit.

Futures trading went well, my algo traded well too.  This was day two of all systems running in harmony and my system showing me tons of confidence.  I will continue testing however into the more aromatic sessions as the month progresses and “Sell in May” becomes a discussion.

I am in no rush.  I can tell you this, with confidence, if I had some sort of urgency for keeping a roof on my head and food in my belly, then I would certainly fail.  One must wear a few hats to properly pursue their dreams, IMHO.

Have a great Easter holiday and enjoy a working day with the market closed.  These working days always blow my mind, the amount of work I am able to complete with the market closed.

Swing Trade Plan for $DDD

I started buying 3D tech this morning with a 1/3 entry.  This equates to roughly 3.5% of my risk portfolio.  My goal is to continue having price come against me so I can build to at least 2/3 in size.  If however we turn higher here, I will be obligated to take my first target and wait for a new opportunity to enter.

This trade is me getting back to my swing trading roots in my favorite industry, technology.  If I side with any political party it is the futurists.  I am intrigued by the people behind companies who are technology ambassadors to the world.  They are disruptive and have more potential then established cash cows.

3D is almost 50% off the high water mark we printed late last year.  This is an overreaction and a welcomed one by me, because I have been left out from owning this company for a very long time.

Without further adieu, here is my wish list plan for accumulating 3D technology.  Hopefully it craters after earnings, which I will be holding through:

DDD04102014

Doubling Down: Doing The Dirty

Everyone has a different style of trading.  These methods are forged by our own mental aptitudes and the experiences we accumulate in the marketplace.  Most of the time I want to own momentum stocks not because they are momentum stocks, but because they are the companies who have operations that actually interest me.  The challenge is managing the type of price action you can expect from the likes of Twitter or Facebook or Cree.

How about Chinese websites?  It seems like a good idea to have a few of the most popular sites from ASIA around, but good luck stomaching the daily movements.  This compelling story stock is a wild beast and riding it requires patience and strategy.

I put tons of time and research and machine hours into taking better market entries—entries which skew statistics in my favor.  That does not rule out order flow going against my entry.  One type of trade I take is to enter an oversold stock I like with a partial long.  Sometimes I take half positions, other times a third.  But I do so with a plan.  Therefore, I will lay out my plan, in the naked, for how I intend to play SINA, a stock as violent as they come.  Behold:

DAILY CHART:

SINA_daily

WEEKLY CHART:

SINA_weekly

The best trades take time and often fly in the face of recent market activity.  The above road map is how I will catch a momentum rabbit by its tail.  I’ll be keeping tabs on this one more gregariously than my recent trades.  More quality, less quantity positions, yes yes?

I never made my point, the point this post title alludes to.  If you are going to double down on a position, or average in, you better have a plan and stick to it when you are in the heat.  Hell that’s life in a nutshell so get out there and execute.  Plan and execute, plan and execute.

 

Pressing Any Momentum

There is no game in town better then momentum swing trading, in my very humble opinion.  It just has the potential for so much given the proper risk strategy.  The play is essentially to buy into the best looking charts in the most momentous stocks and try to hold on to the one or two positions that go beast mode while the rest do nothing/bleed you out.  Managing the bleeders is the bulk of the labor.

The other game is intraday scalps in the futures.  There were a few opportunities today before we went catatonic.  Overall, I was waiting for some aggressive selling but it never quite showed up.  Therefore, I put on weekly YOLOs in LULU.  The weather is breaking and with the change comes streets literally lined with women in yoga pants and skirts.  It feels festive to put a side bet on LULU into the weekly close, especially while we trade in the viscous gap region.

I took another scale in the weekly TSLA calls I bought last week.  This is the “one or two” positions I need to not muff to make this whole idea work.  I took a solid scale intraday at the first peak, it felt good.  The execution was solid and I didn’t sell the whole position—a folly which would have me level 3 frustrated because of how the stock ended the day.

Social media took a burn mostly today, led by YELP which was caught on the receiving end of an FTC document from a few weeks back getting passed around.  I am right about at my risk extreme for this position.  However, it did not breach.  Thus I will have to just tolerate the potential risk of a gap lower tomorrow.  This is one of the drawbacks of swing/momentum trading, but you diversify so one loser does not derail you.

I bought some KNDI today once it fell well off its high of the day.  I have little else to report.  The intermediate timeframe is getting a look I know and love, thus I am pressing my longs into overhead supply a bit more.

In business, not just trading, momentum is your best friend.  If you can get a little bit of it, keep it rolling or else you will have to break the static force of friction again.

Armed to Go Beastmode Again

There was nothing about the way the market closed yesterday which suggested we would gap-and-go higher today.  You have to take every indicator, every puzzle piece if you will, in context.  It is important to not base your decisions on any one single indicator or seasonality statistic or favorite blogger pick, but instead to build a comprehensive knowledge of the market and its stocks.

You can achieve this rounded understanding by keeping your browser dialed into iBankCoin.com where a band of pirate-like capitalists cultivate an environment of winship and tenacity.

I started intiating risk yesterday afternoon after noticing a subtle shift in the behavior of “the seller” in the NASDAQ futures.  Where she so often struck with great vigor and gumption, she instead gave a limp-wristed shove.  I was shocked.  I was sitting in my chair, watching dearest Elroi trip over himself to cover the robot short, the same afternoon short that was bread-and-butter for weeks.  That was the first bit of context.

Then today also happened to be the first of the month.  You need to hammer a few calendar dates into your brain: the first trading day of the month and the Thursday before option expiration.  These are shenanigan days and you need to- be ready for anything on them.

The buyers came in at the opening bell and prices drove higher, the action was abundantly clear to be of the long term participant variety.  Given the context of an off kilt seller yesterday, and the vigor of the long term buyer today, I made the executive decision to intiate an aggressive amount of risk.  What risk, exactly?  Well I’ll tell you:

YELP & Z calls and YGE stock

I swapped out most of my ENPH for the YGE so it was actually only a lateral move.  Here is the rest of my book, for better-or-worse:

Calls: TSLA (weekly), ZNGA and FB (April)

Stock: RVLT, LO, GOGO, TWTR, CREE, AMBA, OESX, IMGN, LEDS, HEMP, and GRNH

That makes 17 positions.  I will look to consolidate that sooner rather than later.  As soon as tomorrow, as a matter of fact.  Let’s see if I can make some pesos tomorrow.

I was up 2.6% on the day.

Cash is 6%

Pants are off in anticipation of oculus rift.  I have to step up my FaceBook game.

RAUL BUY: $FB

I am back on the facebook bandwagon.  They bought Oculus Rift, that’s just cool.  Plus, I like the look here verses the 99day EMA.  In the $62.50 April Calls.

Terminated

I am trading well but ENPH is taking me out back and beating me senseless.  I am down 15% on this stock in two short days.  Unreal, yet very real simultaneously.

Here I am, once again, juggling 50 plates in the traveling circus show only this time one after another is smashing atop my bald clown head and cerebral fluid is dripping down my pasty cheeks.  I lopped another 1.5 percent off my book today.  I would have been two, but I had a TZA position which I sold within the first five minutes of trade.

My only other move was to buy calls in TSLA.  This is a 7 dollar bet essentially that states, “$300 before $200.”

I looked at buying other stocks today, names like DANG and GOGO, but I held off.  Clearly I have angered the market gods and they sent their fallen angel ENPH to sodomize me.  The stock never went up one penny since my ‘reentry’ nope, straight down the pipes.

I could like to be sick but I have 5 more hours of work.

ENPH may just be another ticker symbol in the market of stocks, but every time I have traded it I get the rolling pin to the face and ass.

Don’t worry I am still in so it can continue catering. I haven’t felt this noob in a few years.

A Message from Your Comrade Raul

It will take much more than this simple two day rally to convince me all is well in Western finance.  There is little I can say about the violent pin action in small bombs to back my case for lower equity prices.  It is something I dream of, like a dog dreams of green pastures, while I nap in the warm embrace of sunlight.

This year we do not only sit idle in our longs, waiting for them to make the Great Move.  No my friend, instead we primp and prune at each and every market junction, slowly, enjoying the process as if it was a warm piece of German Chocolate cake.

In the event of any weakness this week, even a modest gap lower, I will reduce my QID long.  This position has a leverage element and what did we discuss last night about leverage and time?  These two they are not friends, they are like villains of each other.  We know that if our timing is right our gains are doubled.  This is modest leverage, nothing like a futures contract.  This position is like old man who sits and feeds the pigeon, slowly luring the dinner in close before snatching it into his purse.

I can buy more QID if we go higher, but I have a clear stop in mind, something that will take a strong effort from the long term buyer to trigger.

It could happen, I am only market speculator, not magician sent here to trick you.

Keep away from my precious RVLT.  This one is mine, with cost basis dating back to February 2013.  The fact that my position is larger than any prior record is irrelevant, like dog on cross country ski slope.

Sleep well, eat a hot dinner and vodka, for tomorrow will be a red victory.

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