iBankCoin
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
3,632 Blog Posts

Taking a Beating and Liking It

Take your fancy words like masochist and stow them under your chair.  I don’t want to hear them.

YOU SHOULD SEE MY PERFORMANCE CHART OVER THE LAST 3 MONTHS, IT LOOKS LIKE THIS:

///////// \\\\\\\\\\ ////////// \\\\\\\\\\\\\\\\\\

That’s literally how it looks if only to see the chop a bit more pronounced.  MY WHEELS are spinning, you see?

LED stocks as a whole are retracing their 2013 gains after the tepid Q1 forecast from CREE.  To call the move in CREE a retracement however, may be an understatement.  This is panic and margin calls rolled into a giant blunt and smoked, like a clown, by yours truly.

Of course I bought some more CREE today, adding to my [still] green core.  I bought some into the closing bell for $58.85 #timestamp.  Even if only for a trade, I can’t stand by idle and watch my ‘ace boon coon’ CREE get bludgeoned by panicking idiots.  Oh and believe me, I have more bullets to fire at these bitches while they’re concentrated in this back ally trough.

I’m telling you now, send CREE lower, I want it lower.

Send RVLT down too, I’m patient.

I have zero edge trading earnings let’s make that clear as crystal, which it already should be.  I’m building investments here…they’ll make fine x-mas presents.

MOVING ON, AGAIN

I cut some small names off my books because the /ES was trading in a downdraft.  I cut PBF, KWK, and ONVO.  I made a killing in ONVO, BTW.  The other two, not so much…

Speaking of the /ES: There’s simply no way for me to broadcast my strategy out to the world.  Back testing and optimizing has created a medium frequency beast that even I can be overwhelmed by.  I took ten trades in the /ES today, 7 were winners and I made 160 bucks trading a 1 lot.  When this system is making 160-250 bucks per contract 4-5 days/week, which it will, it can be scaled to as many contracts are needed to sustain my lifestyle.  Cool, yes?  Then I can abandon this corporate hole and go work for Cree or something.

I’m down a percent and a half today.  My cash is nearly 40 percent partially because of a series of decockings and partially due to the aforementioned sales.  Why the silver trade is back on, I have no idea.  When I return to winship lane I will be wearing an undersized tunic so you can admire my cajonies.

I want you to take that thought and hold it close this evening.

http://youtu.be/G8rGNk6vkM4

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12 comments

  1. UncleBuccs

    I was reading your post as the rudest of colleagues took my pause as an opportunity to chatter in my ear. The distraction caused me to misread a passage as saying ” CREEtracement”…. consider it yours…

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  2. BathSaltTrader

    Today was a CREEmation of sorts

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  3. Raul3

    I’d have to aCREE with both of yous

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  4. Zonker

    Could you tell us how you are modeling and backtesting your strategy? Curious on the tools and software you use. Not asking to reveal your actual strategy (unless you really want to), just trying to learn.

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    • Raul3

      Zonker, I use Multicharts and pipe in some quality raw futures data. Then I use their PowerLanguage to write strategy that I backtest over 6-8 months of intraday data. I look for opportunities that offer a high win rate. Then I walk it forward over a few weeks of data, then live trade it in simulation, then allocate capital to the setup. I believe this approach is called statistical arbitrage.

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  5. elizamae

    I hate trading earnings. I’m always losing, even when it looks like I’m winning.

    I get your long term focus in CREE…you have to take your lumps with earnings sometimes.

    It would be easier if they offered a dividend…at least then you could buy back at a ‘deep discount’ and improve your yield. Then again, stocks with strong/desirable dividends typically don’t depreciate by 20% in a day.

    I feel you on the up and down performance.

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    • Raul3

      I have earnest thoughts about possessing and using a time machine to go back a few months and exit every position, even FB, before earnings. I dropped about six stacks on this earning’s season. There needs to be a clear distinction drawn between swing money and investment money. And I really believe investment money works, but you have to think like a donkey.
      I’ve still been swinging little 2-12 day bangers on the regular, perhaps I should stick to my niche. On the contrary, I can’t ignore the huge opportunity presented by lighting grade LEDs, even if some price chart is telling me to.

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  6. Zonker

    Thanks so much for sharing! I’ll check it out.

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  7. RaginCajun

    Kendrick snapped on that one.

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  8. DOUGLAS

    It is, but I’ve taken people out of harm’s way and I’ll do it again.

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