As the rally pushes on, showing small signs of exhaustion but by no means cueing the fat lady, stocks…well most of them…are simply not providing the returns necessary to support the superfluous lifestyle we desire.
How is one to afford three-tiered infinity pools when their variable income is only a few hundos?
And I get it, it’s a tough tape, a stock picker’s market if you will, but none of this matters. I want my cake.
Let it be known that I crushed the EXK trade so far and the BPZ awesomeness. And I needed to because my two jumbos ENPH and TPX and a pair of smitten homos at a pride festival: useless to society. On the day, I was up just a tad below 1%.
Futures are considered a different beast by some, but I think you just have to sharpen your lens and get a good timeframe that works for you. For some it’s the 2500 contract volume bar, for others it’s renko bars or minute bars. I use a range bar, currently the 6-tic. But if you find a chart and like the way it trades over a few 100 days of data, go for it. It’s no different than trading a stock.
My futures game is getting tight as in I know it’s getting close to reaching the next level of profitability. I need to make sure the next time we see a real intraday opportunity in the market I can stick to my plan and not go cowboy on the tape.
Anytime the tape is levitating and I’m not making money, I start jamming into lots of names. Instead, I’m doing the opposite, trimming some long exposure where I have wins and cutting out a few names. I sold GRPN for example…at break even.
I’m sick of talking about myself, what’s working for you? Are you playing the biotech lotto? Are you utilizing an option strategy during earnings?
Are you crushing some earning’s action?
I know someone is coming all over this tape, I’d love to hear about it. (no homo)
I’m off to peddle graveyard roses for grocery money…If you enjoy the content at iBankCoin, please follow us on Twitter