Welcome To Spring

It was a wonderfully cold winter in the Great North, but like all good things it must come to an end.  Funny, I used to despise winter but now I welcome its cold embrace.

The Thursday before opex has officially been tattooed onto my trader brain as a potential turning point on the monthly calendar.  The invisible hand of the market must have caught scent of dirty money like mine clogging up the books of market makers and it was time to flush the funds back to their rightful owners—robots.

I cleaned up my books, stopped out on many positions and shamelessly capitulating into the sell flow.  I am a tad red on the year.  Fortunately I only have 19 positions to manage now.

When did I become this stark raving mad about owning stocks?  I used to cap my book at 5, then 10, and eventually 12.  Now I look at my port and it is 30 positions deep.  Too much confusion, too many moving pieces for a fast market I tell you.

The market snapped out of intermediate term balance.  We will observe this occurrence in the morning, should you feel like reading along.  I am 33% cash after today and strategizing my next move.  I want to slowly own less names for longer amounts of time.  I want a less active book but I want to make more money, you see?

The analysis I do every morning has been solid and in these faster markets I can make a solid nut during the first 40 minutes of trade with the proper execution.  Imagine that, trading the first hour of the day (with an hour preparation) then going about the rest of your day free from the trading terminal-sounds exotic.  Can it be done?  I say yes.

I have been building my algos and context kits for quite some time now, waiting for the moment to bring them live.  The moment is nearly here.  If you are interested in trading the market open, let me know and I will delve into the topic a bit deeper.  Otherwise, I may delve deeper into regardless because it interests me.

BACK TO STOCKS: I bought GOGO about 10 minutes into trade because damn, you people are mad.  The company and their crazy toothed bandit of a leader are kings of airborne internet.  That’s like having exclusive rights to sell crack rock at all DMX concerts, it can’t lose.  I have more buying power ready and waiting to deploy into strength or weakness in this name.

I sold all sorts of losers, so I will update my current book for your viewing pleasure instead of discussing each closed position.  Here is my current book, largest to smallest, stocks to options:

RVLT, CREE, LO, CUDA, IMGN, GOGO, TWTR, LEDS, OESX, TSLA, RGSE, GRNH, HEMP, TPX, FSLR…now the practically worthless option positions…BBRY, ANGI, Z, VJET, and a TWTR weekly.

We will not talk about the bizarre relative strength in illuminating products, for we shall not sully it.

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