Leveraged ETFs Are Gay

If this business solely relied upon solid market calls, I would already have made my first million.  However, I have not.  Thus I continue to toil away, live on the interwebs, aggressively sharpening my axe in preparation for the day I thrust it into the spinal cord of these electronic markets.

My grasp of the price action on the NASDAQ futures is reaching new levels of competence every day.  This progress is what keeps me going.  I am stronger, more dangerous then I was last week or even yesterday.  I haven’t come to a plateau in months.

The issue I need to improve upon is weapon of choice.  I played my most recent NASDAQ call using it’s distant relative QID.  QID is a big, expensive method of playing action.  I have about 10% of my risk capital tied up in this slug.  The move I wanted to see happen HAPPENED today, and I was like, cool now I can afford an Xbox One.

I DON’T WANT AN XBOX ONE.  I want infinity pools and sprawling gardens.

I am slowly building a methodology for playing these intermediate term calls.  I got a taste of real leverage using options.  I liked it, but they get “expensive” and I don’t completely understand when they are in fact expensive.  I need something more pure, more uncut.  In short, I need futures.

I have called epic turning points perhaps 5 times this year, executed entry into a vehicle, and then lambasted said vehicles while they trudge along and the market goes WOOSH.

No sir, I don’t like it.

Elroi loves a bloody afternoon.  He hasn’t been in the market once this week, until today.  Today he insisted on shorts, MUCH SHORTS.

I do not particularly care what this Yellen character had to say.  Everything I needed to know about the price action was revealed to me by auction theory.  It can be revealed to you too.  Simply become my understudy via the morning contextual report and the weekend opening swing analysis.

I sold FSLR calls way too early today.  The me of January would have pressed those called deep into the bears throat until all he could taste is my fist.  The 10x burned Raul cashed out when FSLR was +10% on the day.  All of them, no scaling like a proper gent.

Coward, I spit upon the Raul of 10am.

It was this short setup I was watching develop, real time, that had me spooked.  My calls came back from the dead and even earned a 70% return. I left another few hundred percent on the table and it’s only Wednesday.  This is losing while winning.

In summary, I will be taking Elroi live soon, trading the NASDAQ live, like a hot wire.  I wanted to run testing through March.  I love what I am seeing.  I sold FSLR too soon.  I still like RVLT and it is nearly 15% of my book.  I want infinity pools not toys and leveraged ETFs are a waste of resources.

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