Happy Thanksgiving

18 views

You and I have something in common. We want to make money in the stock market. There are many ways to do it which is wonderful—it means you can find a method that suits your strong and weak traits. I found this site, iBankCoin, right at the beginning of 2008. It is one of the things I am most grateful for.

Everyone is here to help, even if it’s tough love. You will not find many places like this, where idea flow is constant, the environment is stimulating, and comrades all have like-minded goals and ideals. This is my ride-or-die internet familia.

I am also grateful to have an audience, even if many of you are in-fact robots, for your existence gives these words purpose.

May we continue taking this market one day at a time and banking coin along the way. Eat up, for tomorrow we return to hunting opportunity.

Stocks Go Cold, Gas Heats Up

154 views

The momentum pockets in stocks dried up a bit today after being cornucopious [I just made word up feel free to swoon your tribal women with it.] yesterday. But if you have a deadeye and a steady hand you could still pick out a few strong spots. I will let my colleagues expound on this opportunity. They are my source as well as yours.

Instead why don’t you and I talk about something else important, yes? Let’s you and I talk about the plan, execute, repeat model, fair?

You can spend 100s of your precious hours researching a way to make money. You can base your findings on statistics because they are cold and dead and logical. You can build boulders to lean on and fortify yourself to make decisions from a position of confidence.

You can practice objective judgment now at this very moment. You can cultivate this unselfish mode of action now at this very moment. You can will yourself into accepting the random nature of external events and still go into the world and execute.

You can take the wins and the losses without imposing your will on the markets, on the world.

But you choose tomorrow. You always choose tomorrow.

In closing, UGAZ, my top trade idea from last weekend’s Weekly Strategy Session is working. They won’t all work, but this one is working. You have the map, scored in detail by your faithful General, don’t miss your profit targets and don’t stretch your risk.

Also note, there is a weekly Nat Gas inventory number tomorrow. Check the calendar I provided you and have your safety off and finger on the trigger at 1200. No excuses. Plan, execute, repeat.

The Gods Are Present

141 views

Ultra_mega_chicken

The turkey gods have made their presence known, today to all of you, via indigenous thrusts at the vital organs of the short sellers. It is a most violent sight to see in real time, one piece after another being squeezed by the cold vise grab of the fowl claw.

GOOGL, BABA, LNKD, CREE, DDD, YELP, Z, FEYE …the fire stocks. The coveted cracked cocaine of the performance chasers.

Those who managed to wrap some risk onto these devious stud stocks are now in a position to rain moneys down on the retailers come Black Friday and its crooked nephew Cyber Monday. Those on the sidelines, rattled by the back-and-forth of seasonality and macro obfuscations must chase as if their animal life depended on it.

Who do you want to be, the chaser, or the The Birdman?

Buyers Firming Up into The Week

104 views

Nasdaq futures are higher as we enter the week on a tight Globex range grind up. Volumes are a little light but still in the realm of normal so far. German business climate numbers gave a boost to markets overnight and Asian stocks saw a strong rally as well. Just after the open today we have Markit PMI stats at 9:45am and this evening the Bank of Japan will release minutes from their October 31st meeting, the stimulus meeting.

Before the market opens Tuesday the US Q3 GDP data will be released as we as several other key economic statistics.

Price are set to open inside of Friday’s price range, above the mid of the slow-fade session. Friday showed signs of excess after going gap up to a new highs and finding sellers. It will be interesting today if sellers can build on their reaction or instead back off. The shortened holiday week might favor the longer term uptrend, however Friday’s auction activity is worth keeping in mind as we head into the week.

The double low that had me concerned last week is out of range unless we saw an abnormal selling-type day and the overall context is balanced. My primary expectation is for sellers to push into this overnight inventory, churn about Friday’s VPOC at 4252.25 before ultimately closing the overnight gap to 4249.25 and testing the overnight low at 4248. I will be looking for signs of responsive buyers just below the overnight lows. Sellers may target the HVN at 4242.

I have highlighted these levels and observations on the following volume profile chart:

11242014_NQ_VP

Useless Up Day

162 views

Listen, the market is stretched and then we went gap up big into OPEX. That event was just as risky to the financial complex as a big down gap after weeks of trading one-direction lower. Literally billions of premium that was hard earned by market makers was at risk of being blown to bits.

This simply cannot happen.

The market can rally next week, when all of that option leverage is good and dead. Will it? Without looking I cannot say. Next week is short, I am long, and the turkey gods are on the horizon.

The Chinese eased their lending rate a bit this morning. The Chinese love LED lighting, love it. This was why I had to pull the trigger on CREE. I know PHG is the king of LED lighting, but the lighting industry is a funny place inhabited by even funnier people. CREE is a bigger Nasdaq 100 component then traders give it credit for, and has been dead money for nearly a year and a half—literally a year and a half without a sustained rally. It is a pure LED play while Phillips still sells a little of everything.

It only takes a little bit of leverage applied to the right spot to loosen a boulder of profits. They cannot all be SUNEs, but if you put 1-2 of those bad boys in your book while managing your risk on everything else then you’re cruising.

I intend to pour everything I have into this second Weekly Strategy Session. Let’s plan out the turkey week to put us in the favour of the turkey gods. ARISE!

That Guy Buying All Time Highs

246 views

Do not be the guy buying the market at all times highs. Sure, you have banked hefty sums of coin this week on the backs of central bankers and dead shorts. But is that any reason to go all in up here? Why put all your hard earned coins in risks way?

I am a slightly different animal. My earnings this week are ‘big dicked’ [No SCOK] and I have thus earned the right to allocate some risk.

This morning I sold off my TZA hedge [adieu, my comforting friend] and started positions across the marquee risk complex via DDD, YELP, and CREE.

These moves are certainly not for the faint of heart, and have been implemented at smaller-than-normal size due to the elevated nature of the tape. Nevertheless, I intend to position my book where I see opportunity. Let us hope I am not viewing matters through rose colored sunglasses.

Addicted To This Lifestyle

163 views

This evening I strolled down the snow covered walks of my neighborhood and soaked it all in. The automobile artery in the distance had the glow of gridlock traffic but was just far enough for the winter blanket to silence their sound. Instead I was left to hear my own thoughts.

I used to be a member of the rush hour traffic society. A member to a devote network of Waze users colluding to outsmart the traffic jams. No matter how I obfuscated the route the duration would be no less than two hours. It was nonsense, no way for a human to live.

Now my network is hardened speculators, our task is banking coin, and the duration is of no matter because I love every brute second of it.

Let’s close this year out like a bunch of badasses.

All About The Blank Space

132 views

If I can make 1-2 good trades in the Nasdaq then I get to spend the rest of my day as I please. The key is, and this is because I am still developing, shutting the machine gun down and entertaining myself elsewhere.

You will often see me giving traders a risk reminder after they experience an outsized win. That is because I have churned away enough outsized wins by getting inside my head than most people my tender age. I love referring to my age as tender. Doesn’t that make you a bit uncomfortable?

Anyhow, there was a piece of context I will trade every time it presents itself until my eyeballs burn out of my skull, it’s a slip zone. Wrap some risk, grab the wheel, execute. I am going to make a career out of these things.

I put a side bet on GOOGL YOLO whilst we ran up the zipper, to keep me entertained.  It will likely lose.

You Are Weak

183 views

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.

Happy Thanksgiving

18 views

You and I have something in common. We want to make money in the stock market. There are many ways to do it which is wonderful—it means you can find a method that suits your strong and weak traits. I found this site, iBankCoin, right at the beginning of 2008. It is one of the things I am most grateful for.

Everyone is here to help, even if it’s tough love. You will not find many places like this, where idea flow is constant, the environment is stimulating, and comrades all have like-minded goals and ideals. This is my ride-or-die internet familia.

I am also grateful to have an audience, even if many of you are in-fact robots, for your existence gives these words purpose.

May we continue taking this market one day at a time and banking coin along the way. Eat up, for tomorrow we return to hunting opportunity.

Stocks Go Cold, Gas Heats Up

154 views

The momentum pockets in stocks dried up a bit today after being cornucopious [I just made word up feel free to swoon your tribal women with it.] yesterday. But if you have a deadeye and a steady hand you could still pick out a few strong spots. I will let my colleagues expound on this opportunity. They are my source as well as yours.

Instead why don’t you and I talk about something else important, yes? Let’s you and I talk about the plan, execute, repeat model, fair?

You can spend 100s of your precious hours researching a way to make money. You can base your findings on statistics because they are cold and dead and logical. You can build boulders to lean on and fortify yourself to make decisions from a position of confidence.

You can practice objective judgment now at this very moment. You can cultivate this unselfish mode of action now at this very moment. You can will yourself into accepting the random nature of external events and still go into the world and execute.

You can take the wins and the losses without imposing your will on the markets, on the world.

But you choose tomorrow. You always choose tomorrow.

In closing, UGAZ, my top trade idea from last weekend’s Weekly Strategy Session is working. They won’t all work, but this one is working. You have the map, scored in detail by your faithful General, don’t miss your profit targets and don’t stretch your risk.

Also note, there is a weekly Nat Gas inventory number tomorrow. Check the calendar I provided you and have your safety off and finger on the trigger at 1200. No excuses. Plan, execute, repeat.

The Gods Are Present

141 views

Ultra_mega_chicken

The turkey gods have made their presence known, today to all of you, via indigenous thrusts at the vital organs of the short sellers. It is a most violent sight to see in real time, one piece after another being squeezed by the cold vise grab of the fowl claw.

GOOGL, BABA, LNKD, CREE, DDD, YELP, Z, FEYE …the fire stocks. The coveted cracked cocaine of the performance chasers.

Those who managed to wrap some risk onto these devious stud stocks are now in a position to rain moneys down on the retailers come Black Friday and its crooked nephew Cyber Monday. Those on the sidelines, rattled by the back-and-forth of seasonality and macro obfuscations must chase as if their animal life depended on it.

Who do you want to be, the chaser, or the The Birdman?

Buyers Firming Up into The Week

104 views

Nasdaq futures are higher as we enter the week on a tight Globex range grind up. Volumes are a little light but still in the realm of normal so far. German business climate numbers gave a boost to markets overnight and Asian stocks saw a strong rally as well. Just after the open today we have Markit PMI stats at 9:45am and this evening the Bank of Japan will release minutes from their October 31st meeting, the stimulus meeting.

Before the market opens Tuesday the US Q3 GDP data will be released as we as several other key economic statistics.

Price are set to open inside of Friday’s price range, above the mid of the slow-fade session. Friday showed signs of excess after going gap up to a new highs and finding sellers. It will be interesting today if sellers can build on their reaction or instead back off. The shortened holiday week might favor the longer term uptrend, however Friday’s auction activity is worth keeping in mind as we head into the week.

The double low that had me concerned last week is out of range unless we saw an abnormal selling-type day and the overall context is balanced. My primary expectation is for sellers to push into this overnight inventory, churn about Friday’s VPOC at 4252.25 before ultimately closing the overnight gap to 4249.25 and testing the overnight low at 4248. I will be looking for signs of responsive buyers just below the overnight lows. Sellers may target the HVN at 4242.

I have highlighted these levels and observations on the following volume profile chart:

11242014_NQ_VP

Useless Up Day

162 views

Listen, the market is stretched and then we went gap up big into OPEX. That event was just as risky to the financial complex as a big down gap after weeks of trading one-direction lower. Literally billions of premium that was hard earned by market makers was at risk of being blown to bits.

This simply cannot happen.

The market can rally next week, when all of that option leverage is good and dead. Will it? Without looking I cannot say. Next week is short, I am long, and the turkey gods are on the horizon.

The Chinese eased their lending rate a bit this morning. The Chinese love LED lighting, love it. This was why I had to pull the trigger on CREE. I know PHG is the king of LED lighting, but the lighting industry is a funny place inhabited by even funnier people. CREE is a bigger Nasdaq 100 component then traders give it credit for, and has been dead money for nearly a year and a half—literally a year and a half without a sustained rally. It is a pure LED play while Phillips still sells a little of everything.

It only takes a little bit of leverage applied to the right spot to loosen a boulder of profits. They cannot all be SUNEs, but if you put 1-2 of those bad boys in your book while managing your risk on everything else then you’re cruising.

I intend to pour everything I have into this second Weekly Strategy Session. Let’s plan out the turkey week to put us in the favour of the turkey gods. ARISE!

That Guy Buying All Time Highs

246 views

Do not be the guy buying the market at all times highs. Sure, you have banked hefty sums of coin this week on the backs of central bankers and dead shorts. But is that any reason to go all in up here? Why put all your hard earned coins in risks way?

I am a slightly different animal. My earnings this week are ‘big dicked’ [No SCOK] and I have thus earned the right to allocate some risk.

This morning I sold off my TZA hedge [adieu, my comforting friend] and started positions across the marquee risk complex via DDD, YELP, and CREE.

These moves are certainly not for the faint of heart, and have been implemented at smaller-than-normal size due to the elevated nature of the tape. Nevertheless, I intend to position my book where I see opportunity. Let us hope I am not viewing matters through rose colored sunglasses.

Addicted To This Lifestyle

163 views

This evening I strolled down the snow covered walks of my neighborhood and soaked it all in. The automobile artery in the distance had the glow of gridlock traffic but was just far enough for the winter blanket to silence their sound. Instead I was left to hear my own thoughts.

I used to be a member of the rush hour traffic society. A member to a devote network of Waze users colluding to outsmart the traffic jams. No matter how I obfuscated the route the duration would be no less than two hours. It was nonsense, no way for a human to live.

Now my network is hardened speculators, our task is banking coin, and the duration is of no matter because I love every brute second of it.

Let’s close this year out like a bunch of badasses.

All About The Blank Space

132 views

If I can make 1-2 good trades in the Nasdaq then I get to spend the rest of my day as I please. The key is, and this is because I am still developing, shutting the machine gun down and entertaining myself elsewhere.

You will often see me giving traders a risk reminder after they experience an outsized win. That is because I have churned away enough outsized wins by getting inside my head than most people my tender age. I love referring to my age as tender. Doesn’t that make you a bit uncomfortable?

Anyhow, there was a piece of context I will trade every time it presents itself until my eyeballs burn out of my skull, it’s a slip zone. Wrap some risk, grab the wheel, execute. I am going to make a career out of these things.

I put a side bet on GOOGL YOLO whilst we ran up the zipper, to keep me entertained.  It will likely lose.

You Are Weak

183 views

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.

Previous Posts by Raul3