Some of you are still salty AF because of my post about trading and how it’s an idiots guide towards a lot of nothing and misery and pain. Deal with it, fucker.
Case in point: I’m a pretty smart guy. I know this because, in most professional scenarios, I’m the guy the other experts come to for advice. Yesterday, again, I fucked myself in a 3x ETF, thinking it was a lay up trade because MUH Apple warned so logic dictated so should the semis.
WRONG.
Both Xilinx and Lam crushed numbers, and with it my SOXS position.
In the pre-market, here is the pin action now.
XLNX +10.5%, SLM +9.2%, STM +8.9%, TXT +8.8%, AZPN +7.1%, LRCX +6.4%, AAL +5.8%, TAL +5.7%, JBLU +4.9%, URI +4.3%, TER +4%, ADTN +3.5%, LUV +3.4%, CCI +2.3%, VAR +2.2%, RCI +2.2%, CMRE +2.1%, TXN +1.7%, CP +1.3%, AEP +0.6%, F +0.4%
Select semiconductor related names showing strength:
AMAT +4%, MU +3.6%, ICHR +3%, NVDA +2.8%, WDC +2.5%, SMH +2.5%, KLAC +2.4%, SOXX +2.3%, AMD +2.3%, CY +2%, MXIM +1.9%, AVGO +1.8%
Can I glean from this a teachable moment? Nope, I haven’t learned a damned thing from this and it will not change my behavior one bit. These are the risks associated with trading. Now I could’ve went long, or even held onto the SOXL trade that I had the other day — but given the weakness in the tape, heading into earnings in what were supposed to be weak, I viewed it in a negative light. Now I know. The world isn’t falling. Even though the sky was falling last month and Apple warned, the world keeps jogging on and others are managing just fine.
It was a 5% position and it’ll likely be closed out today. I move on, like a hungry locust purveying delicious rich crops below.
ROSS: U.S., CHINA `MILES AND MILES' AWAY FROM TRADE RESOLUTION
— zerohedge (@zerohedge) January 24, 2019
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Wilbur Ross is a fuckin’ idiot. And Trump is the
worst negotiator and the worst manager the world
has ever seen.
Every person he has appointed to any position
of leadership is the WORST person on the planet
for that particular job.
Trump has the reverse Midas touch. Every piece
of gold he touches turns into a lump of shit.
Fly you fucker!! I luddiss shit. Yourself and OA got me hooked a few years back. Last week I opened up a brokerage account for my 24 year old nephew as a birthday present to get him started and pointed him to IBC to get his feet wet with posts from le fly, cajun and the rest of the team. P.S. who cares if people get salty, no one except us is clicking the buttons!
Going into Tues, had emotional lag. With few shorts, went long early,BTD. Paid the price down 15%.
Wed fought back was exactly even.
Today with market down I,m up 20%. dia. puts to calls, was holding lrcx, intc, fb, fcx, aa, bhp,mu, xop, wdc, wb, ms, … crazy mix right,? even I do not know what i am doing ….
FLY, you seem to be trading based on emotions and you are always going for a grand slam. How about double; triples; even home runs but your GRAND SLAM approach when the market is not tipping it’s hand will leave you dead.
effing chinese shit did me in otherwise was doing great, wb, bidu.
It’s bird , it’s plane, oil, gas, most blatantly manipulated commodities and energy stocks. you can make coin if you are crazy… loose your shirt if you think are smart.. a.
Man I should only trade DIA, up, down, better price than SPY options.
One day chinese casino may be bigger than ours, for now our’s the biggest and better.
Fly, … not kissing @ss, but your honesty is quite humourous, quite refreshing and (maybe) instructive. Back to our regular programming …