When you’re bouncing around at the frothy peaks of a thrust higher, you want to be on the lookout for the trashiest of the stocks which are setting up nicely on the charts.

This type of trading is downright degeneracy, let me forewarn.  If you choose to partake in this lottery, be sure you define your risk, and don’t be a little baby when you lose.  Close that loser with confidence.  Being a confident loser is cool, guy.

I’m scraping the gutter with this one, after flaming the name for being a downright loser. I took LEDS long.  This is pure price gambling, the company itself is a fantastic loser.  But check out this daily chart, belissima:

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This week has been a comedy of sorts for the book of Raul.  I’m churning my book around quite a bit, sloshing around in the choppy waters of this shallow dip. 

At times I want to be all cash, other times beta neutral, and now today I’m about 55 percent exposed.  My exposure is long equity 50 percent and short yen 5 percent via YCS which is an ultra-short, meaning I get about double exposure.  It’s very grand and nice.

I’ve cut some of my big winners free, as a sacrifice of sorts to the stock gods.  As such, they’ve granted me AWAY, which is propelling my book higher today.  I took a modest 1/3 scale already, after the stock appreciated 5 percent overnight.  I don’t always scale at 5 percent profit, but it’s a nice fixed target if you’re back testing a strategy (you’re welcome new coders, I hate you).

I cut TIF after it went 2 percent against me, I was quick to cut HUN and and HOV on Monday too.  I’m not giving longs a ton of room to run against me, as any one of them could be a jack-in-the-box scrotum punch.

CREE won’t quit.  Will it ever?

I miss my Zillow and Tempur-Pedic already.

Is Ford gay, or do they want to win?

Heckmann (HEK) looks pissed and ready to rip, more than any other stock.

The above snippets are major themes in my ongoing internal dialogue.

Finally, fellow blogger network gent @capitaloverlook aka YoungGun put out an interesting tidbit on online gambling today.  You should read it.  It’s a nice piece of anecdotal evidence behind the Zynga play.

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We’re heading into some stormy weather people.  As I pen this piece the SPY is making new lows after a nasty thrust lower this AM.  I used the pullback after the thrust to get large in SDS, a hedge of sorts.

As we pressed lower I stopped out of many names, including ANR, INVN, and morning initiated longs HOV and HUN.  I sold them all.

My current longs are (by size):

CMG, TPX, F, ZNGA, CREE, RGLD, AWK, and Z

All together the above represent 42% of my holdings.  Most are faring decently into this storm, but I swear no allegiance to any of the names and will cut any that get too loose.

You have to get big in a slowpoke like SDS for it to have any effectiveness.  Right now it stands at an 18 percent position.  That leaves me 30 percent in cash waiting for the next high probability trade.

Try to stay dry out there folks!

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We continue to hover around the highs after a brief overnight scare of the European variety.  Unlike the super intelligent bulls and bears who are confident on their directional conviction, I feel like a dark pool of water, waiting for the river to take me away.

I’ve embraced this uncertainty with a high cash position, currently hovering near 40 percent.  I also put on a hedge Friday, in $SDS, it was a 15 percent position that I’ve taken down to 10 percent.  I find hedges work best when they’re cashed out as soon as they’re in the money.  Otherwise they just sort of evaporate away and then they’re an anchor in the port when the market sets sail.

I sold out of CCJ and ANGI, both winners.  I sold the former because the chart pattern is sloppy and I don’t want to be in sloppy charts in an indecisive-frothy market.  ANGI was sold to lock in the huge gain and free up some money to rotate into my new position.  What’s my new position?

It’s Ford!  ‘merica

I like how quickly the stock rebounded this morning and where price currently resides on the daily chart.  I have a few other names I’m stalking, but nothing screams ‘buy me’ like they were the last few months.  Many setups are on pullback #3, which has the lower probability of success.  Therefore I have to either pass on the setups, or apply a tighter risk management either through a tight stop or smaller position size.

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This company’s components are showing up in a variety of new products including a badass new basketball that helps kids get their game up.

There hanging around inside Apple products too.  That’s the backstory that had me stalking, then I finally got a decent spot to enter my long, check it out:

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“Make things as simple as possible but no simpler” – Albert Einstein

I know some of you don’t like posts about individual setups and I kindly invite you to take your reading elsewhere.  However, if banking coin is your top priority, more so than amusement, I suggest you add Chipotle to your watchlist this evening for potential long trades tomorrow.

Since I’ve just returned home and I’m in the sharing is caring mode I want to explain exactly how to trade this setup.  Young guys, listen up because you won’t get much advice like this for free on the internet.

A tight moving average like the 9ema (or 10 sma, 13 ema, etc.) is excellent to key off of because it’s close to the price action.  To get even closer, look at the open, high, low, close of the previous two sessions using daily candles.  With this information we have enough data to cue off of for a trade.

In the case of the CMG play, we like how price has behaved recently, check it out:

I’m already long this name, and took some profits before heading on vacation.  Now that it has pulled back in a reasonable manner, I’m ready to get back to full size in the name.  I want to see exactly the following occur to get me to buy more:

Take out Tuesday’s high

That’s it!  If it sounds simple, that’s because it is simple to trade.  Our first profit target is the most recent peak around $335.  If we approach those levels, closely monitor intraday action and find a good price to scale out.  Then keep a piece on in case the momentum picks up and the trade gets legs, the crème if you will.

Your risk is down to $314 so you’re risking $9 to make $12 on a setup with around a 68% win rate.  Believe me, the numbers work in your favor.  Just trade it well.

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Whilst I was away Zynga popped and faded on news that Yahoo was looking to acquire engineers via  an acquisition.  If you bought that news and are now underwater get ready to be squeezed into liquidation.  If you’re new to ZNGA I would like to welcome you to the cocaine train.  Be prepared for spikes of euphoria followed by long stretches of pessimistic stomach churning.  You may find yourself irritable during this stretch, likely because you’re long more shares than should be.

Let me explain something to you: there’s a big head and shoulders forming on the daily chart of Facebook.  This can affect all social shares because Facebook is the goblin and these other companies are mere goons.  What’s a goon to a goblin?  Absolutely nothing.

Play Zynga for online poker and nothing more.  If you’re oversized this degenerate, cocaine addled name, seek help.

As of this writing ZNGA is a 5% position.

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For the last three years, I’ve been tethered rather tightly to the internet.  It’s been within pockets reach at the worst, and blown up large on two 24-inch Samsungs at best.  However, this afternoon Raul is embarking on a quest deep into the jungles of Central America.  I’ll only be down there for a week’s time, but I plan to be checking in only intermittingly while away.

The original plan was to go almost entirely to cash, and I’ve managed to raise my cash levels quite a bit these last few sessions.  The problem is this damn trend is a beast. There’s one other “problem” named helicopter Ben.  Check out his March POMO schedule:

With the trend in mind, and all this cash being rained on the market, going to cash now could mean missing out on a bucket-o-fun.  Therefore, instead of getting some crazy 80% cash level, I’m placing some good-until-cancel orders to stop out my positions.  They’re way out of the way, allowing for some drawdown if the stock gods see fit to take my coin.

Without further adieu, here is my entire book. Feel free to toss ham and mashed potatoes in ridicule of any losers I hold whilst I’m away.  The following are my positions, all longs, listed by size:

CREE
TPX
ZNGA
CCJ
CMG
ANGI
RH
AWK
Z
OESX
VHC

UPDATE: add RGLD to the list. I can’t let you guys have all the fun 😉

My cash level is 40%

I hope to find a reliable connection so I may access my VPN to get my profiles, but I’m not banking on it.  I also hope to bring the jungle to you, internet people, live, as I see fit.  Trade well friends.

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You are dealing with a very jaded trader, folks.  It really takes something big to rustle my jimmies.  Being fired from iBankCoin was like coming into my home and kicking my dog.  That just brings out an entirely nasty side of Raul that NOBODY wants to be around.

So here I am, losing twitter followers daily, picking my cursing back up, flipping a middle finger to slow drivers in the fast lane, and BANKING COIN AT ALARMING RATES.

iBankCoin is the ONLY website I’ve trusted to be a beacon of truth for the last four years of my life.  I thought I found my people.  Pirating, profiting badasses.  Then I got fired while pounding the table on winners.

Do you have any idea how bullish I’ve been on CREE?  I’m not going to fish through my archives, Fly’s comment boards, The PPT, and twitter to show you.  Instead I solemnly swear that what I tell you is truth.  I trade real money and I love it.  I’ve blown up no less than three accounts in my quest.  I’ve penned horrible blogs, and good ones.

All I can do is continue down this rabbit hole to wealth and decadence.  There was a day when hitting grand salami’s at a high average earned accolades and a respectful seat at iBankCoin.  Now it earns you a cold cup of soup and a back-alley dick punch.

Yet still, here I am, grinning ear-to-ear.  Back to trading.

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