Till The Wheels Fall Off

116 views

I started the day with a front seat on the mega wave we are currently experiencing. My book features many positions expiring today and I have to pay close attention to the action. That is, of course, after a nourishing breakfast.

I spent about one and a half hours ‘providing liquidity’ to the Nasdaq, you’re welcome CME, and then I just sat here and took in the view.

As I write, I am watching the final throws of some YOLOs. This is all very sporting if I may say, and is making for quite the show heading into the weekend.

You and I came to stocks for the same reason—we realize we can make money working our hands to the bones, or we can just sit around and make money.

The key is sitting through winners and not losers. The crème is rising, I must focus in now. As for my recently purchased Go Pro, I am writing a letter to Santa to right this ship. I have a good rapport with the big guy.

Don’t Say I Didn’t Warn You

206 views

Most of you won’t cut it trading. It sucks, and I will do my best to convert you, but most of what you do has no place in trading.

  1. Gut feeling – when you can prove your ability to consistently engage the market systematically and keep a tight leash on risk, then you can start using your ‘gut’. Until then, cut it out, gross.
  2. Big macro themes – these will not help you execute today. Save them for your weekend homework.
  3. Cheerleading – you are building up your ego only for it to be systematically ripped to shreds by the natural forces of the market.

Moving on to a lighter note—today was all about learning how to sit. If you managed to put some longs on before the whole shithouse caught aflame then you were ahead of the curve. Your adherence to SHOMP and Fed-backed logic is worthy of reward.

Your next task was to sit. YOU WILL MAKE MONEY SITTING ON YOUR ARSE MATES. One of the most overlooked attributes of a winner is their ability to sit when their stars have gone into proverbial alignment.

You do realize, yes yes? That jolly ole’ Saint Nick is literally on the horizon, no? **Jingle Jangle**

Put that limit order down. Limit orders are for closers only. CLOSERS ARE WAITING FOR THE MILK AND COOKS.

The money will be made tomorrow, gentleman. Pour yourselves a hot cup of motor oil and settle in for the enema of a lifetime.

Short and Sweet

474 views

As traders it is not our job to predict the future. Our job is to objectively judge context and manage risk where we see an opportunity to make money.

Today was a huge gain day for stocks after a weak, seller-dominated Monday-Tuesday. This type of price action can be a real gut-check if you do not come into the week prepared.

That is the point of the Weekly Strategy Session. Every piece of information I build into that weekly report is designed to make me money trading, ergo, it is designed to make you the reader money as well. Below is just a small excerpt from the comprehensive report:WSS_DEC17th

 

As we close the week out, you have a choice. You either reduce your long exposure into this rip or ride your positions through the New Year. It really is that simple. I am long this market gentleman, longer than where I started on Monday. The dip was bought, the bed is still made, and a thatch of mistletoe appeared over my new 5th monitor this afternoon.

Either I will be kissing this screen come Friday afternoon or tossing said screen down the sewer pipe. TBD friends, T.B.D.

Nothing Looks Festive

173 views

Here I am, sitting in a sea of red. This is day two of making good moves trading futures then making a good move in the market then watching my book go right down the crapper.

Outside of my window, as far north as I reside, it is a glum 48 degrees and raining. It feels like March, the absolute filthiest month of the year.  The blanket of clouds is so thick a single ray of sun cannot touch the earth.

There’s no green. Holiday cheer is a festive balance of red and green. This is 50 shades of grey and red.  The LED lighting system I mounted on my home and trees has been set to red only since last Thursday. My home is lit like a brothel, I kid you not. It does not look proper any other color. It is all red with intermittent flashes of burning-hot white.

My first year ever with a real Christmas tree, just like nature intended, it is so glorious. It is so green and welcoming unlike the rest of my world.

I want to leave you with one closing thought. I don’t care if you have been charting out bearish setups for weeks. Nor do I care if you have charted the opposite, bullish charts. I don’t care if you have marked 10,000 charts with your thoughts and they were RIGHT.

WE AREN’T HERE TO READ CHARTS. WE ARE HERE TO MAKE THE MONEY.  That is what separates entertainers from traders.

We can all read charts. You and I can sit down for a week and you will be reading charts with the best. What we need is execution. Scalping suits me, swinging is like sitting still while 100 bees swarm you. All the while unable to move and hoping the dude with the fog gun (Central Bankers) comes and shoes the pain away.

Fuck

Just a Little Shift

162 views

As traders (or entrepreneurs for that matter) we need to be able to spot opportunity and leverage a little bit of momentum.

The hardest part of business (or life, dammit this is science) is breaking the static force of something stationary. That’s why they tell people to just start walking, just focus on your next breath–and the one after it. In trading it’s focus on your next trade. Make your next trade a point of pride.

Right now I am looking for something just a little bit bigger. I had a tight ledge I could sink three of my toes into this morning—it was the midpoint of the pocket we were exploring. Did you read this morning’s pocket play map? Did you understand it? If not, did you ask a question? Why not?

From said foothold I pounced, latched both hands onto the next grab, and now have a firm grip on the ascent. What I need to see now is a shift in character from the market.

Today I need to see us close strong. Enough of this weak afternoon shit. Drink some coffee, fuckers.

Two songs that perfectly exemplify what I need to see, both equally brutal, are below:

You Get an Elevator Shaft for Xmas

243 views

Ship’s Log, Week Three-Day One:

Seas remain turbulent in what has been a most unruly December. Today conditions were exacerbated when the skies opened up and a glimmer of light shined down for a brief moment. Lo and behold it was only the eerily calm eye of this tumultuous storm.

Crew member morale is suffering after two of our finest deckhands were thrown overboard by today’s large swell. They’re a rugged bunch and have been making due on the glue binding my books and boiled boots. My only concern is that scurvy may set in soon.

There are whispers of a mutiny and others who are having fantastic visions of a flying deity coming to save us. The two forces are equally balanced but the scene is a formidable powder keg vulnerable to even a small spark.

I myself continue to dine from the Capitan’s rations of meat, legumes and dried greens which has me feeling fit. However a rogue wave succeeded in throwing me into the wildly-spinning wheel which maimed my hand. It appears I will be forced to either remove said hand or die of infection.

We will press onward with our quest and have added a third scout to the highest mast—two to search for land and one to explore the skies for this mystical deity. Morale must be maintained, even if it means committing resources to so called magic.

Pocket Complete

188 views

Certain pieces of business have to wrap up before others can occur. I am of the belief that we just settled some important business in the Nasdaq.

Whether we want to settle the next pocket below, I am not certain, but my expectation is to see buyers start to come out of their holes here:

12152014_NQ_VP_pocket

Listening Closely

459 views

Late last night, at the quietest hour, I sat outside and listened.  Sitting there, very still and mindful of the universe around me, I began to probe the cosmos for sleigh bells.  As of this moment I have not heard those sleigh bells jingling.

But when I do, you will be the first to know.

Also, the latest Weekly Strategy Session is complete.  Subs, be sure to check it out.  We need to stay sharp though the holiday parties and the candied canes.  There is still work to be done to close out the year properly.

My Bed Is Made

338 views

Yesterday rip-snorted open with enough conviction to motivate me to buy several positions I was stalking all week. It was a methodical process, pressing into fast movers on the way up, low bidding on the way down.

Some buys were at good prices. Others have already taken their fair share of heat.

And here I am, fiddling with lines on charts making sure all the administrative pieces are perfect so I can resume my Nasdaq trading.

As the weekend draws near so does the faint jingle of sleigh bells. Santa (aka UPS) has been visiting my door daily with troves of consumables for loved ones and me. Soon Santa will visit my trading account and propel my worth up, up, and away.

I know this, not because I am a fantastic lunatic, but because I have cold numbers to rest my weary head on. Therefore I sit, and stand at times, and patiently wait for that magical moment when all of these little moves coagulate into a big blob of winship.

Until then, enjoy the season. Nobody wants to be around a dickhead.

Warm regards,

Raul

Duck Nuts

218 views

Today started off as the second most robust first hour of trade this year. It was plum robust, no other way to describe it.

My portfolio was robust too, actually making back more than I lost yesterday, a feat that has escaped me during much of this choppy charade. All it seemed was well at the plantation a la Raul.

I went about my work, subtracting 4.75 from line after esoteric line on my market odometer aka price chart. I did so with a humble appreciation for smarter software and robots, neither of which I currently possess. Instead I possess old fashioned persistence and patience.

Along the way I started buying January calls. I built a rather significant January holding today, on the way up and down, buying all sorts of neat stocks. It’s buying, I have been using my computer to buy anything and everything like a madman for weeks.

I am normally a prudent person, spending very little for much of the year. But then the year draws to an end, all the chips are counted, and I simply become grateful. Once I loosen up and start buying look out. I have Amazon, New Egg, Groupon, and many more ‘sites’ permanently opened on tabs, ready to fire off orders and any given moment.

But clearly I digress. I went out and bout BAC, NMBL, CLDX, TSLA calls and some S common.

Yep, I did all that.

I also closed out my BIDU weekly calls. They had all the right moves to start the day. And they might exceed my strike tomorrow. But plans are plans. I waited too long to stop them, they could have been a scratch after taking out a very short term level. It all depends on how you set out to manage these types of positions. I gave it end of day slack and the sellers pressed nearly every last minute of the closing trade.

I have one shot left to trade BIDU and still like this chart.

In summary, I made a new bed today with all sorts of new January risk. Was it too soon? Only Santa Claus truly knows the answer.

Till The Wheels Fall Off

116 views

I started the day with a front seat on the mega wave we are currently experiencing. My book features many positions expiring today and I have to pay close attention to the action. That is, of course, after a nourishing breakfast.

I spent about one and a half hours ‘providing liquidity’ to the Nasdaq, you’re welcome CME, and then I just sat here and took in the view.

As I write, I am watching the final throws of some YOLOs. This is all very sporting if I may say, and is making for quite the show heading into the weekend.

You and I came to stocks for the same reason—we realize we can make money working our hands to the bones, or we can just sit around and make money.

The key is sitting through winners and not losers. The crème is rising, I must focus in now. As for my recently purchased Go Pro, I am writing a letter to Santa to right this ship. I have a good rapport with the big guy.

Don’t Say I Didn’t Warn You

206 views

Most of you won’t cut it trading. It sucks, and I will do my best to convert you, but most of what you do has no place in trading.

  1. Gut feeling – when you can prove your ability to consistently engage the market systematically and keep a tight leash on risk, then you can start using your ‘gut’. Until then, cut it out, gross.
  2. Big macro themes – these will not help you execute today. Save them for your weekend homework.
  3. Cheerleading – you are building up your ego only for it to be systematically ripped to shreds by the natural forces of the market.

Moving on to a lighter note—today was all about learning how to sit. If you managed to put some longs on before the whole shithouse caught aflame then you were ahead of the curve. Your adherence to SHOMP and Fed-backed logic is worthy of reward.

Your next task was to sit. YOU WILL MAKE MONEY SITTING ON YOUR ARSE MATES. One of the most overlooked attributes of a winner is their ability to sit when their stars have gone into proverbial alignment.

You do realize, yes yes? That jolly ole’ Saint Nick is literally on the horizon, no? **Jingle Jangle**

Put that limit order down. Limit orders are for closers only. CLOSERS ARE WAITING FOR THE MILK AND COOKS.

The money will be made tomorrow, gentleman. Pour yourselves a hot cup of motor oil and settle in for the enema of a lifetime.

Short and Sweet

474 views

As traders it is not our job to predict the future. Our job is to objectively judge context and manage risk where we see an opportunity to make money.

Today was a huge gain day for stocks after a weak, seller-dominated Monday-Tuesday. This type of price action can be a real gut-check if you do not come into the week prepared.

That is the point of the Weekly Strategy Session. Every piece of information I build into that weekly report is designed to make me money trading, ergo, it is designed to make you the reader money as well. Below is just a small excerpt from the comprehensive report:WSS_DEC17th

 

As we close the week out, you have a choice. You either reduce your long exposure into this rip or ride your positions through the New Year. It really is that simple. I am long this market gentleman, longer than where I started on Monday. The dip was bought, the bed is still made, and a thatch of mistletoe appeared over my new 5th monitor this afternoon.

Either I will be kissing this screen come Friday afternoon or tossing said screen down the sewer pipe. TBD friends, T.B.D.

Nothing Looks Festive

173 views

Here I am, sitting in a sea of red. This is day two of making good moves trading futures then making a good move in the market then watching my book go right down the crapper.

Outside of my window, as far north as I reside, it is a glum 48 degrees and raining. It feels like March, the absolute filthiest month of the year.  The blanket of clouds is so thick a single ray of sun cannot touch the earth.

There’s no green. Holiday cheer is a festive balance of red and green. This is 50 shades of grey and red.  The LED lighting system I mounted on my home and trees has been set to red only since last Thursday. My home is lit like a brothel, I kid you not. It does not look proper any other color. It is all red with intermittent flashes of burning-hot white.

My first year ever with a real Christmas tree, just like nature intended, it is so glorious. It is so green and welcoming unlike the rest of my world.

I want to leave you with one closing thought. I don’t care if you have been charting out bearish setups for weeks. Nor do I care if you have charted the opposite, bullish charts. I don’t care if you have marked 10,000 charts with your thoughts and they were RIGHT.

WE AREN’T HERE TO READ CHARTS. WE ARE HERE TO MAKE THE MONEY.  That is what separates entertainers from traders.

We can all read charts. You and I can sit down for a week and you will be reading charts with the best. What we need is execution. Scalping suits me, swinging is like sitting still while 100 bees swarm you. All the while unable to move and hoping the dude with the fog gun (Central Bankers) comes and shoes the pain away.

Fuck

Just a Little Shift

162 views

As traders (or entrepreneurs for that matter) we need to be able to spot opportunity and leverage a little bit of momentum.

The hardest part of business (or life, dammit this is science) is breaking the static force of something stationary. That’s why they tell people to just start walking, just focus on your next breath–and the one after it. In trading it’s focus on your next trade. Make your next trade a point of pride.

Right now I am looking for something just a little bit bigger. I had a tight ledge I could sink three of my toes into this morning—it was the midpoint of the pocket we were exploring. Did you read this morning’s pocket play map? Did you understand it? If not, did you ask a question? Why not?

From said foothold I pounced, latched both hands onto the next grab, and now have a firm grip on the ascent. What I need to see now is a shift in character from the market.

Today I need to see us close strong. Enough of this weak afternoon shit. Drink some coffee, fuckers.

Two songs that perfectly exemplify what I need to see, both equally brutal, are below:

You Get an Elevator Shaft for Xmas

243 views

Ship’s Log, Week Three-Day One:

Seas remain turbulent in what has been a most unruly December. Today conditions were exacerbated when the skies opened up and a glimmer of light shined down for a brief moment. Lo and behold it was only the eerily calm eye of this tumultuous storm.

Crew member morale is suffering after two of our finest deckhands were thrown overboard by today’s large swell. They’re a rugged bunch and have been making due on the glue binding my books and boiled boots. My only concern is that scurvy may set in soon.

There are whispers of a mutiny and others who are having fantastic visions of a flying deity coming to save us. The two forces are equally balanced but the scene is a formidable powder keg vulnerable to even a small spark.

I myself continue to dine from the Capitan’s rations of meat, legumes and dried greens which has me feeling fit. However a rogue wave succeeded in throwing me into the wildly-spinning wheel which maimed my hand. It appears I will be forced to either remove said hand or die of infection.

We will press onward with our quest and have added a third scout to the highest mast—two to search for land and one to explore the skies for this mystical deity. Morale must be maintained, even if it means committing resources to so called magic.

Pocket Complete

188 views

Certain pieces of business have to wrap up before others can occur. I am of the belief that we just settled some important business in the Nasdaq.

Whether we want to settle the next pocket below, I am not certain, but my expectation is to see buyers start to come out of their holes here:

12152014_NQ_VP_pocket

Listening Closely

459 views

Late last night, at the quietest hour, I sat outside and listened.  Sitting there, very still and mindful of the universe around me, I began to probe the cosmos for sleigh bells.  As of this moment I have not heard those sleigh bells jingling.

But when I do, you will be the first to know.

Also, the latest Weekly Strategy Session is complete.  Subs, be sure to check it out.  We need to stay sharp though the holiday parties and the candied canes.  There is still work to be done to close out the year properly.

My Bed Is Made

338 views

Yesterday rip-snorted open with enough conviction to motivate me to buy several positions I was stalking all week. It was a methodical process, pressing into fast movers on the way up, low bidding on the way down.

Some buys were at good prices. Others have already taken their fair share of heat.

And here I am, fiddling with lines on charts making sure all the administrative pieces are perfect so I can resume my Nasdaq trading.

As the weekend draws near so does the faint jingle of sleigh bells. Santa (aka UPS) has been visiting my door daily with troves of consumables for loved ones and me. Soon Santa will visit my trading account and propel my worth up, up, and away.

I know this, not because I am a fantastic lunatic, but because I have cold numbers to rest my weary head on. Therefore I sit, and stand at times, and patiently wait for that magical moment when all of these little moves coagulate into a big blob of winship.

Until then, enjoy the season. Nobody wants to be around a dickhead.

Warm regards,

Raul

Duck Nuts

218 views

Today started off as the second most robust first hour of trade this year. It was plum robust, no other way to describe it.

My portfolio was robust too, actually making back more than I lost yesterday, a feat that has escaped me during much of this choppy charade. All it seemed was well at the plantation a la Raul.

I went about my work, subtracting 4.75 from line after esoteric line on my market odometer aka price chart. I did so with a humble appreciation for smarter software and robots, neither of which I currently possess. Instead I possess old fashioned persistence and patience.

Along the way I started buying January calls. I built a rather significant January holding today, on the way up and down, buying all sorts of neat stocks. It’s buying, I have been using my computer to buy anything and everything like a madman for weeks.

I am normally a prudent person, spending very little for much of the year. But then the year draws to an end, all the chips are counted, and I simply become grateful. Once I loosen up and start buying look out. I have Amazon, New Egg, Groupon, and many more ‘sites’ permanently opened on tabs, ready to fire off orders and any given moment.

But clearly I digress. I went out and bout BAC, NMBL, CLDX, TSLA calls and some S common.

Yep, I did all that.

I also closed out my BIDU weekly calls. They had all the right moves to start the day. And they might exceed my strike tomorrow. But plans are plans. I waited too long to stop them, they could have been a scratch after taking out a very short term level. It all depends on how you set out to manage these types of positions. I gave it end of day slack and the sellers pressed nearly every last minute of the closing trade.

I have one shot left to trade BIDU and still like this chart.

In summary, I made a new bed today with all sorts of new January risk. Was it too soon? Only Santa Claus truly knows the answer.

Previous Posts by Raul3