Trust Issues

When the stock market starts acting up you really get to see the character of a person.  It can be really lousy to lose 3% of your entire risk capital in seven hours.  A big drawdown can cause actions, often reactions, where your decisions are framed around your own finances and your own state-of-mind.  It is important to break this habit of thinking about yourself or any shortcoming you may have.  When you catch yourself too caught up in your own person, just STOP everything.  Take a walk.  Talk to some birds.  Help a friend with a tough situation—anything to change gears and normalize your thought patterns.

Most of you are intelligent otherwise you would not be reading iBankCoin.  When presented with facts or bits of logic like price levels or candle stick charts you can make sound decisions.  But when these exact same circumstances are presented in the heat of battle it can be difficult.  I only speak from personal experience.

I read an interesting tweet yesterday while the market was playing whack-a-mole with my portfolio.  According to @facthive, sarcasm is very effective in reducing stress and coping with tough situations.  With a name like @facthive, it must be true right?

And with that thought, I will promptly step down from my soap box and discuss the market.

Listen, people of the internet, yesterday was a day sent from the bowels of hell with the explicit intent of striking terror into your rapidly beating hearts.  If you were late to the long party, trumped up on some hot money stocks (TSLA, BALT, RVLT, take your pick) you were summoned to the town square for the tar and feather treatment.  Raul of yesteryears would have solemnly capitulated into that move without second thought.  It broke everything I was watching.  Shit was broke.

But the precious, our beloved hybrid PPT score, came out and gave us the subtle wink.  I have built some algos of my own which fire off 2-3 trades per day (bastard elRoi) in the futures.  I learned one thing early on—trust your signals when things feel their worst.  I knew, based upon the laws of large numbers, that bulls have entered an environment with a statistical advantage, short term.

Did I expect this bi-polar turnaround?  No sir, and I don’t particularly like it.

Yesterday looked like hell, today looked like a Friday, and all of the sudden the weekly chart in Citi (my SOTY) looks picture perfect.  Financials should be a hot topic next week and could be an important element in the next leg higher.

I have gotten overly verbose and our time is precious.  Let me sum things up rapidly:

LIGHT EMITTING DIODES are the WAVE OF THE FUTURE—hop on.  Retrofitting is where the gold is: OESX and RVLT

Tesla makes the hottest automobile on the planet and is run by Tony Stark.  It is going to $200 before $100.  My trading hand on this name is a force to be reckoned with.  Elon whispers things to me.

AMBA looks hot, so does USD.  Go figure.

If you BOT TWTR right when it opened (like Raul) it is already down 10% like a piece of flaming garbage. The market is wrong right away on this one.

I traded the /NQ with 95% plan compliance, earned an honest man’s wage, but did not capitalize on Thursday’s action because I was taken out of my zone.

Miley Cyrus is no worse than any other pop star, until she isn’t.  Enjoy the icons manufactured by suits in boardrooms.

The turkey is still coming, whether marketers have their way or not.  And with it comes the chicken.  Do not question my voodoo powers.

Be water this weekend

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