I get a certain type of perturbed when I miss a good opportunity. It’s 2013, shit’s cray. I’m calling a generational transformation right here, right now. There are things we don’t even know we want yet, that will be indispensable in three years’ time. In such a phase, if you don’t keep tight and on point, ideas simply drift by, like fat salmon drifting up stream. With such a flow of fish it’s only natural that a few slip by. Just know someone else is eating those delicious missed fish, living in the lap of luxury.
Things are going well, don’t get me wrong, but I missed two jumbos this month. I’d say it’s a good problem to have, too many ideas flowing. Being the opposite, following a template lifestyle of sorts, is certainly a drag. So I’m venting two big trades I missed.
BBY all month and TPX this week
BBY was a certain type of fail, where I just continued to fail. It was my Super Bowl pick. I do things, like my Super Bowl pick, or March Madness pick, mostly by looking at the charts. However, when I can incorporate an external, although often subject to extreme subjectivity, it makes the trade all the better. I overheard (read) that BBY had a funny commercial game day. I like funny; it’s the safe play for big time commercials. I bought January 31st, a decent entry, of the higher octane variety. I stopped out, and looking back that made sense. However, I let it linger on my watch list, and it gave two more entries, and I missed them. It’s been ripping.
TPX I have gotten so much of. I’ve been on that trade all.year.long. That is until missing today’s pump. I sold it a few days back citing a very flimsy formation of a notorious double hammer position. Truth is, I didn’t have much reason to sell, I found one, as Chess likes to say.
That’s all, just getting that off my chest. Onward and upward.