iBankCoin
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
3,820 Blog Posts

Simply Put – We’re Not Making Enough Money

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…

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4 comments

  1. Half Blood Pope

    How you looking ytd raul?

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    • Raul3

      My main swing portfolio is up 9.82% after blowing up a bit in June.

      I’ve made 2500 trading futures after putting 10k in, but I don’t really measure futures on a percentage basis as I’m building this into about a 75k/yr business.

      My degenerate ToS account is up 18% and frozen after violating the pattern day trader rule lolz.

      In sum, it could be a hell of a lot better HBP, but we’re learning and floating.

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  2. charlie

    I think cash and watching for some kind of downturn is smart here.

    Daytrading PM miners on the long side may also work.

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    • Raul3

      It sure seems like cash and waiting is smart, but sometimes smart doesn’t work in the markets.

      I agree on the miners, they’re real firecrackers.

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