iBankCoin
Joined Jan 27, 2008
7,405 Blog Posts

Ocean Full Of Muddy Waters

Judging by my traffic stats, it appears you guys would rather read about me lawn problems than actual actionable ideas, amazing.

I don’t blame you though. This market stinks. And, when I say this market, I don’t actually mean today’s market, I mean the last 12 months. Please don’t misconstrue this post as a sign weakness from myself, as my readers like to do. I had great months, I’ve had poor months. I am profitable and making money on the year, but trading never use to be this way– at least not how I remember it.

Option addict made a great point today in after-hours saying, “Why does every down day have to feel like we are on the cusp of a major breakdown?” He’s not speaking from his perspective, but rather Wall Street in general. That statement resonates with me, because it is the truth.

The Fly has convinced me, seeing the raw data in Exodus, it’s time to leave the fast money alone. The real gains have been in real companies with significant cash flow. Lucky for me, I have early access to his screens.

I like the idea of fishing from a smaller basket of winners, versus an ocean full of muddy waters.

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3 comments

  1. BlueStar: Contrarian Investor
    BlueStar: Contrarian Investor

    The Reason why every down day feels like a serious breakdown is because we have been trying to set up for a year. The fed won’t let it go. When it does go IMHO the market gods will erase the Feds sins in units of time. Which is a crash. I could be wrong but history is on my side. My only advice
    Is to keep it tight. I am not trying to be an asshole I just don’t want you all to lose capital. The PTB have really fucked this up.

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