INDEUD

1,667 views

I felt my body just withering away today, while starting at my screen, watching tick fluctuations gyrate back and forth throughout the day. Sometimes I question why I do this shit, why stare at my screen for hours watching green and red bars? Then, I remembered, we do this shit to bank coin.

This isn’t about a pissing contest, this isn’t about selling subscriptions, this is about making money. I remember getting into this game, the stock game, I was looking for a side hustle. I wanted to supplement my income with another revenue stream. Funny thing happened after that, I became addicted.

Truth be told I’m still an addict. I spend countless hours a night going through screens, charts, and lately, thanks to Exodus, more financials. I give up time with my family, time with my businesses, and even sacrifice my health at times for mother market. And, you know what, I still love every minute of it.

When you have passion for something, it makes everything easier. I’m reminded of a quote that says, “Find what you love to do, and you’ll never work a day in your life.”

Nothing in life, worth a damn anyway, is easy. If someone told you trading would be easy, they lied to you. Without passion, there is no way you will have longevity in the game. It’s a grind. It took me years to become profitable as a trader.

On the day, I did nothing, but still had a better day than most of you. And, the reason for that is because I love what I do. If you find yourself fed up, trading stocks day in and day out, moping around in misery, STOP. Go do something else. Find what gives you passion to be great. That my friends is the key to happiness.

__________

INDEUD:

Screen Shot 2015-03-26 at 4.04.54 PM

Extreme Focus Is Needed

960 views

Coming off a great February, I could feel myself slipping early on in March. Anyone coming off a win streak knows exactly what I’m talking about. You do so well, make so much money, you get sloppy, lose discipline, and if not careful, lack of focus comes to bite you in the ass.

Luckily, for me, I had to take off a week due a quick procedure from a past weight lifting injury. I got to sidestep last week’s action, for the most part, and had a chance to regain my focus.

After a quick steroid shot to the back, my wife got some news and wanted to get out of this alligator pit we call Louisiana. I agreed, and we left.

The short trip was exactly what I needed.

Listen to me very carefully. You lose focus in this game, or in life for that matter, you die. Finished, Finito.

The world we live in today is made to distract you, the whole country is ADD for the most part– you can thank technology for that.

If you find yourself slipping or having a tough time in this market, take a break. The Money will always be there. Get yourself to a focused state of thinking. When you break things down in trading, a wining system is really simple. However, most traders fail because we complicate things. Get Focused.

Unlike Mr. Welles, my best work is ahead. I’m Focused.

Road To Perdition

3,069 views

Most of you rookies out there have never traded a real correction. The new class of investors/traders have been spoiled, programmed to simply buy the dip. You get brokers with zero commissions, and are rewarded daily for simply buying the dip.

Back in 2005, when I really started to become an active trader, the environment was similar. Buy dips and be rewarded.

I was young, naive, and programed well by market forces. As I made more money, I wanted more. I thought I was a financial guru, and decided to apply leverage using options. Once 2007-2008 rolled around I was humbled. My small option account that I grew exponentially soon went all the way to ZERO.

I remember thinking back in 2008, stocks can’t possibly go any lower, so I made my bets. I was wrong. It opened my eyes to a lot, and glad to gain experience trading through it.

Never in my life, as a financial blogger, have I claimed to be an expert in the field. I am still learning everyday. I may not be a man of letters just yet, but I definitely earned a few stripes.

In no way shape or form am I calling this a top, although Mark Cuban may think otherwise, but I would like to give a word of caution.

Things can change on a dime. Do not be programmed into one set way of thinking. Just when you think a stock cannot go lower after being dismantled, think again.

Some of you are on a road to perdition. And, if you are young and playing heavily with leverage, you might as well take you money out and enjoy a nice trip overseas.

The stock game is glamorous until it isn’t. I remember first starting out, I hated the weekend, I wanted Monday back so I could trade. That’s not the case anymore. I fucking hate Mondays.

“My road to glory was road to perdition

And Act II: The Turn is just the memoirs with no omissions”

-Jay Electronica

Leading with Lollipops

2,776 views

Outside of trading, I run two very successful franchises in the fitness industry. Never in my wildest dreams, while double majoring in Accounting and Finance, did I ever think I would own a fitness center, but it fell into my lap and I took advantage.

There wasn’t always two though. In the beginning I started with one fitness center and as we began to grow, rapidly I might add, I decided to pick up another one.

Having one small retail gym, and a wife who ran a lot of the day to day operations, there was not a need for multiple employees, which meant I did not have to manage people. However, as we grew, and as my wife had her first kid, this changed. We had to hire employees, and I had to learn how to manage people.

Managing people might seem like an easy task, and for some it may be, but for me it was a challenge. In the beginning I struggled. I started to hate the fact that we had two locations, everything was much more simple with one. However, you cannot grow effectively with just one.

I was young and had no idea what I was doing. As the trading day ended, my work really began. I would head to the gym and start doing the job myself, thinking my employees would watch me, the leader, and do the same when I was gone. Nope.

I had to learn how to delegate tasks to my employees, rather than to do everything myself. I had to learn that I needed to play to each individual’s strengths not their weaknesses. I needed to create confidence, not force something on them by changing their normal behavior. I needed the employee to be successful and feel successful, versus making sure the business was successful. Once I figured that out, the business became successful, and flourished.  My job then became easy.

It all really clicked for me while attending a leadership conference. One might say, “leadership conference? why? it’s easy to be the boss and a leader.” Again, not for me. I struggled, I was bad.

I was actually very excited about this conference. It was something I really wanted to work on, a skill I knew I needed in order to become successful. I had my notepad and pen out, iphone on voice record mode, I was ready for notes.

As the speaker began to get into his presentation, I felt like I was at church. The presenter started talking about helping others versus a step by step program on how to become a leader. At the end of the presentation, I was confused. What did I just sign up for?

But, it all started to come together as I applied what I learned. I treated my employees better, I wanted to see my employees successful versus the business. I played to their strengths, not weaknesses, which in turn gave them confidence.

Confidence is everything, without it, you sit idle wondering what to do next.

By now, I’m sure some of you are saying isn’t this a trading blog, what does this have to do with banking coin? To you, I say, “Everything.”

You see, if you are confident and play to the strengths of the market, your job will become easy. Instead of focusing on the fast “dirty” money, focus on how you will become successful. Focus on the process, not the outcome.

As I review a few of my recent trades, it’s easy to see how I lost and made money. Money was made playing to strengths, while money was lost playing to weakness. I know that statement is so vague as well as cliche. But, when I look at my biggest loser over the past month, $GPRO, and look at a recent winner, $VSLR. Money was made playing to the strength of the market, solar. And, lost, playing a stock in a clear downtrend with no momentum.

If you pick up anything from this rambling of a post, it is to become a better leader in your own right. Play to your strengths, and the strengths of the market. Develop confidence through the process. Focus on how to make yourself (or others) successful, and the success will come. And, never force something that isn’t you, or isn’t working in the market. It just won’t work.

Case in point: GPRO

I’ll leave you guys with a short clip of the keynote speaker at the leadership conference, the man who opened my eyes to what it takes to become a leader.

Please take the six minutes to view clip, it’s excellent.

iBC is Stronger Than Ever

277 views

There are 3 people who have been instrumental in my career of trading. The first is The Fly, he was also the one who got me interested in blogging. The second, is none other than the Option Addict, iBC’s new tabbed blogger. And third, was ChartAddict, who helped me really refine my trading skills.

If you know anything about the three, then you know that is a pretty deadly combination.

While on vacation, I’ve noticed OA was printing money for you guys. If you are new to his work, this is not an accident, he does this EVERYDAY.

I’m excited to see Option Addict blogging again. His weekly watchlist videos are so money, and a must view every week. They call him the magician, because he will put you in front of a trade, right before the imminent move. I’ve never seen anything like it from all the traders that I’ve met throughout the years. And, I’ve never lost touch with him, even on his blogging sabbatical. He has been my single biggest inspiration in the marketplace.

The point of this post is to make you aware of the skill set here on iBC. And, to make you aware how fortunate you are by finding this undergound finance site.

Also, I would be remiss, if I did not mention Raul3, and up and coming blogger here on iBC. He style is similar to mine, and a real sharp shooter. He is worth paying attention to, and a must read.

I’m happy with the new talent here on this Godly site. The first half of 2013 was stellar to say the least, but I’m even more excited about the final half with our new lineup.

Now, let’s make a dash for trash, as OA says, before the inevitable pullback begins. I’ll be back with a few ideas in a bit…

The Hardest Thing About Being A Trader/Blogger

903 views

It seems fly was speaking to me today, his “Be Original” post really hit home with me, and if you missed it, I suggest you give it a gander.

I agree wholeheartedly with his philosophy on conviction. Some of my biggest winners, if not all, were made with conviction. Here’s an excerpt from his blog:

“Conviction is a hard thing to manage. It’s not as easy as some people think. Most people believe being stubborn or ignorant is conviction; but that’s simply not the case. To have conviction in a name, one must be fully educated about the facts supporting the reason to be long or short. When a person is stubborn/ignorant, he’s simply being lazy, leaving fate to be decided by time and luck.”

Conviction is something I thought I had with $AAPL @ $430, however the trade went awfully wrong. I entered the trade a few weeks ago, as the stock traded back above $430. It went to $470 almost in a straight line, and I was patting myself on the back for nailing the bottom.

The stock quickly reversed, and I was a deer in the headlights. I watched  it plunge for 4 straight days, all the way back below my entry price.

Once it was back near my entry price, I decided that the sell-off was unfair, due to the market correcting, and decided to give it an overweight positions, adding some April4 weekly options to take advantage of an upcoming pre-earnings run.

Then, the horrible jobs number came Friday, and capitulation was in my sights. I held the position for the majority of the day, as I was not about to sell another gap down. However, 30 minutes before the close on Friday the selling accelerated, and quickly. Capitulation was here.

I sold my stock position and my calls near $422, and watched it trade through $420.

15 minutes later, the stock quickly reversed, trading back above $420 swiftly and with volume. I wanted my position back.

Which brings me to the title of this post.

How could I? How could I go long the very name I just sold, which was once at a profit, but now a loss. Not only did I lose money, but I’m sure I brought others along for the ride, never a good feeling. The trade was so public, and for a reason (to force better discipline) , that there was no way I could buy it back.

The stock closed last Friday like the bottom was in, and I knew I sold it.

The trade replayed in my head at least 20 times over the weekend. But, there was nothing left to be done.

The chart ended up on my monitor more times than I would have liked it to have been over my weekend scans, and I wanted to buy it back.

Monday came, and I was looking for my entry near $423, but I couldn’t pull the trigger. I got a case of the “what-ifs”.  What if the trade went again me again? I personally could handle the loss, but the thought of losing more money for others was too much.

Coming into the week I tried my hardest to look at it from a fresh perspective. I wanted back in, but the publicity of it all was too much to bear. I decided to pass.

Maybe this is what separates me from an elite trader? or maybe this is the penalty for being a blogger/trader and keeping things public. Would I have played it differently all together if it had not been for the blog? I’m tempted to say yes, but in reality I have no idea how it would have played out.

One thing is for certain, this is the hardest part about being a trader/blogger.

___________

You’re welcome $AAPL longs, the bottom is in, I sold it.

INDEUD

1,667 views

I felt my body just withering away today, while starting at my screen, watching tick fluctuations gyrate back and forth throughout the day. Sometimes I question why I do this shit, why stare at my screen for hours watching green and red bars? Then, I remembered, we do this shit to bank coin.

This isn’t about a pissing contest, this isn’t about selling subscriptions, this is about making money. I remember getting into this game, the stock game, I was looking for a side hustle. I wanted to supplement my income with another revenue stream. Funny thing happened after that, I became addicted.

Truth be told I’m still an addict. I spend countless hours a night going through screens, charts, and lately, thanks to Exodus, more financials. I give up time with my family, time with my businesses, and even sacrifice my health at times for mother market. And, you know what, I still love every minute of it.

When you have passion for something, it makes everything easier. I’m reminded of a quote that says, “Find what you love to do, and you’ll never work a day in your life.”

Nothing in life, worth a damn anyway, is easy. If someone told you trading would be easy, they lied to you. Without passion, there is no way you will have longevity in the game. It’s a grind. It took me years to become profitable as a trader.

On the day, I did nothing, but still had a better day than most of you. And, the reason for that is because I love what I do. If you find yourself fed up, trading stocks day in and day out, moping around in misery, STOP. Go do something else. Find what gives you passion to be great. That my friends is the key to happiness.

__________

INDEUD:

Screen Shot 2015-03-26 at 4.04.54 PM

Extreme Focus Is Needed

960 views

Coming off a great February, I could feel myself slipping early on in March. Anyone coming off a win streak knows exactly what I’m talking about. You do so well, make so much money, you get sloppy, lose discipline, and if not careful, lack of focus comes to bite you in the ass.

Luckily, for me, I had to take off a week due a quick procedure from a past weight lifting injury. I got to sidestep last week’s action, for the most part, and had a chance to regain my focus.

After a quick steroid shot to the back, my wife got some news and wanted to get out of this alligator pit we call Louisiana. I agreed, and we left.

The short trip was exactly what I needed.

Listen to me very carefully. You lose focus in this game, or in life for that matter, you die. Finished, Finito.

The world we live in today is made to distract you, the whole country is ADD for the most part– you can thank technology for that.

If you find yourself slipping or having a tough time in this market, take a break. The Money will always be there. Get yourself to a focused state of thinking. When you break things down in trading, a wining system is really simple. However, most traders fail because we complicate things. Get Focused.

Unlike Mr. Welles, my best work is ahead. I’m Focused.

Road To Perdition

3,069 views

Most of you rookies out there have never traded a real correction. The new class of investors/traders have been spoiled, programmed to simply buy the dip. You get brokers with zero commissions, and are rewarded daily for simply buying the dip.

Back in 2005, when I really started to become an active trader, the environment was similar. Buy dips and be rewarded.

I was young, naive, and programed well by market forces. As I made more money, I wanted more. I thought I was a financial guru, and decided to apply leverage using options. Once 2007-2008 rolled around I was humbled. My small option account that I grew exponentially soon went all the way to ZERO.

I remember thinking back in 2008, stocks can’t possibly go any lower, so I made my bets. I was wrong. It opened my eyes to a lot, and glad to gain experience trading through it.

Never in my life, as a financial blogger, have I claimed to be an expert in the field. I am still learning everyday. I may not be a man of letters just yet, but I definitely earned a few stripes.

In no way shape or form am I calling this a top, although Mark Cuban may think otherwise, but I would like to give a word of caution.

Things can change on a dime. Do not be programmed into one set way of thinking. Just when you think a stock cannot go lower after being dismantled, think again.

Some of you are on a road to perdition. And, if you are young and playing heavily with leverage, you might as well take you money out and enjoy a nice trip overseas.

The stock game is glamorous until it isn’t. I remember first starting out, I hated the weekend, I wanted Monday back so I could trade. That’s not the case anymore. I fucking hate Mondays.

“My road to glory was road to perdition

And Act II: The Turn is just the memoirs with no omissions”

-Jay Electronica

Leading with Lollipops

2,776 views

Outside of trading, I run two very successful franchises in the fitness industry. Never in my wildest dreams, while double majoring in Accounting and Finance, did I ever think I would own a fitness center, but it fell into my lap and I took advantage.

There wasn’t always two though. In the beginning I started with one fitness center and as we began to grow, rapidly I might add, I decided to pick up another one.

Having one small retail gym, and a wife who ran a lot of the day to day operations, there was not a need for multiple employees, which meant I did not have to manage people. However, as we grew, and as my wife had her first kid, this changed. We had to hire employees, and I had to learn how to manage people.

Managing people might seem like an easy task, and for some it may be, but for me it was a challenge. In the beginning I struggled. I started to hate the fact that we had two locations, everything was much more simple with one. However, you cannot grow effectively with just one.

I was young and had no idea what I was doing. As the trading day ended, my work really began. I would head to the gym and start doing the job myself, thinking my employees would watch me, the leader, and do the same when I was gone. Nope.

I had to learn how to delegate tasks to my employees, rather than to do everything myself. I had to learn that I needed to play to each individual’s strengths not their weaknesses. I needed to create confidence, not force something on them by changing their normal behavior. I needed the employee to be successful and feel successful, versus making sure the business was successful. Once I figured that out, the business became successful, and flourished.  My job then became easy.

It all really clicked for me while attending a leadership conference. One might say, “leadership conference? why? it’s easy to be the boss and a leader.” Again, not for me. I struggled, I was bad.

I was actually very excited about this conference. It was something I really wanted to work on, a skill I knew I needed in order to become successful. I had my notepad and pen out, iphone on voice record mode, I was ready for notes.

As the speaker began to get into his presentation, I felt like I was at church. The presenter started talking about helping others versus a step by step program on how to become a leader. At the end of the presentation, I was confused. What did I just sign up for?

But, it all started to come together as I applied what I learned. I treated my employees better, I wanted to see my employees successful versus the business. I played to their strengths, not weaknesses, which in turn gave them confidence.

Confidence is everything, without it, you sit idle wondering what to do next.

By now, I’m sure some of you are saying isn’t this a trading blog, what does this have to do with banking coin? To you, I say, “Everything.”

You see, if you are confident and play to the strengths of the market, your job will become easy. Instead of focusing on the fast “dirty” money, focus on how you will become successful. Focus on the process, not the outcome.

As I review a few of my recent trades, it’s easy to see how I lost and made money. Money was made playing to strengths, while money was lost playing to weakness. I know that statement is so vague as well as cliche. But, when I look at my biggest loser over the past month, $GPRO, and look at a recent winner, $VSLR. Money was made playing to the strength of the market, solar. And, lost, playing a stock in a clear downtrend with no momentum.

If you pick up anything from this rambling of a post, it is to become a better leader in your own right. Play to your strengths, and the strengths of the market. Develop confidence through the process. Focus on how to make yourself (or others) successful, and the success will come. And, never force something that isn’t you, or isn’t working in the market. It just won’t work.

Case in point: GPRO

I’ll leave you guys with a short clip of the keynote speaker at the leadership conference, the man who opened my eyes to what it takes to become a leader.

Please take the six minutes to view clip, it’s excellent.

iBC is Stronger Than Ever

277 views

There are 3 people who have been instrumental in my career of trading. The first is The Fly, he was also the one who got me interested in blogging. The second, is none other than the Option Addict, iBC’s new tabbed blogger. And third, was ChartAddict, who helped me really refine my trading skills.

If you know anything about the three, then you know that is a pretty deadly combination.

While on vacation, I’ve noticed OA was printing money for you guys. If you are new to his work, this is not an accident, he does this EVERYDAY.

I’m excited to see Option Addict blogging again. His weekly watchlist videos are so money, and a must view every week. They call him the magician, because he will put you in front of a trade, right before the imminent move. I’ve never seen anything like it from all the traders that I’ve met throughout the years. And, I’ve never lost touch with him, even on his blogging sabbatical. He has been my single biggest inspiration in the marketplace.

The point of this post is to make you aware of the skill set here on iBC. And, to make you aware how fortunate you are by finding this undergound finance site.

Also, I would be remiss, if I did not mention Raul3, and up and coming blogger here on iBC. He style is similar to mine, and a real sharp shooter. He is worth paying attention to, and a must read.

I’m happy with the new talent here on this Godly site. The first half of 2013 was stellar to say the least, but I’m even more excited about the final half with our new lineup.

Now, let’s make a dash for trash, as OA says, before the inevitable pullback begins. I’ll be back with a few ideas in a bit…

The Hardest Thing About Being A Trader/Blogger

903 views

It seems fly was speaking to me today, his “Be Original” post really hit home with me, and if you missed it, I suggest you give it a gander.

I agree wholeheartedly with his philosophy on conviction. Some of my biggest winners, if not all, were made with conviction. Here’s an excerpt from his blog:

“Conviction is a hard thing to manage. It’s not as easy as some people think. Most people believe being stubborn or ignorant is conviction; but that’s simply not the case. To have conviction in a name, one must be fully educated about the facts supporting the reason to be long or short. When a person is stubborn/ignorant, he’s simply being lazy, leaving fate to be decided by time and luck.”

Conviction is something I thought I had with $AAPL @ $430, however the trade went awfully wrong. I entered the trade a few weeks ago, as the stock traded back above $430. It went to $470 almost in a straight line, and I was patting myself on the back for nailing the bottom.

The stock quickly reversed, and I was a deer in the headlights. I watched  it plunge for 4 straight days, all the way back below my entry price.

Once it was back near my entry price, I decided that the sell-off was unfair, due to the market correcting, and decided to give it an overweight positions, adding some April4 weekly options to take advantage of an upcoming pre-earnings run.

Then, the horrible jobs number came Friday, and capitulation was in my sights. I held the position for the majority of the day, as I was not about to sell another gap down. However, 30 minutes before the close on Friday the selling accelerated, and quickly. Capitulation was here.

I sold my stock position and my calls near $422, and watched it trade through $420.

15 minutes later, the stock quickly reversed, trading back above $420 swiftly and with volume. I wanted my position back.

Which brings me to the title of this post.

How could I? How could I go long the very name I just sold, which was once at a profit, but now a loss. Not only did I lose money, but I’m sure I brought others along for the ride, never a good feeling. The trade was so public, and for a reason (to force better discipline) , that there was no way I could buy it back.

The stock closed last Friday like the bottom was in, and I knew I sold it.

The trade replayed in my head at least 20 times over the weekend. But, there was nothing left to be done.

The chart ended up on my monitor more times than I would have liked it to have been over my weekend scans, and I wanted to buy it back.

Monday came, and I was looking for my entry near $423, but I couldn’t pull the trigger. I got a case of the “what-ifs”.  What if the trade went again me again? I personally could handle the loss, but the thought of losing more money for others was too much.

Coming into the week I tried my hardest to look at it from a fresh perspective. I wanted back in, but the publicity of it all was too much to bear. I decided to pass.

Maybe this is what separates me from an elite trader? or maybe this is the penalty for being a blogger/trader and keeping things public. Would I have played it differently all together if it had not been for the blog? I’m tempted to say yes, but in reality I have no idea how it would have played out.

One thing is for certain, this is the hardest part about being a trader/blogger.

___________

You’re welcome $AAPL longs, the bottom is in, I sold it.

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