I really like the feel I had trading the /ES_F today. I’ve currently pigeonholed my discretionary trading to conform to the BOSSRAM ALPHA cycle. This prevents me rushing. It allows me to measure where we are in the cycle after some broad redundantly calls my phone so she can hear herself talk and position (or hand sit) accordingly.
You see, plates, I juggle so many.
One of my favorite trades in the market requires full attention because it can fly in your face quickly. I didn’t want to stop trading the chart picture simply because my day job doesn’t afford me focus so I automated it. This was the birth of ELROI.
Elroi doesn’t trade the picture as profitably as me. But what he lacks in profitability Elroi makes up in consistency. Elroi bagged 3.75 handles in profit today on trades that were too racy for me. I on the other hand, wielding Bossram, made $25 or 0.50 handles.
But it was fun to watch Elroi go to work while I waited for the market to come into the Bossram wheelhouse. This week I reset my account to $10k: five for me, five for Elroi, and I pulled the rest out to buy cat food.
You see, trading the /ES since April has been by and large a circle jerk and a dangerous one at that. It came down to losing focus. I’ve…courourrrected the problem and put several policies and procedures in place to ensure the new habits stick. My future’s trading operation is looking more like a Fortune 500 company every week. Goodness, companies like AMZN, GOOG, and SBUX aren’t on these lists by luck.
Learn from their cultures.
Now it’s exciting and I’m happy to fire up my futures every morning. It’s me verses Elroi. So far he’s winning.
ON TO STOCKS:
I sold AMBA entirely today. I told you very clearly I was taking this cheap trick for 10 percent and then taking my business elsewhere. AMBA fucked me once, I fucked AMBA once. Perhaps after earnings we can make love, or something. I earned about 8 percent on the trade. It was a 12 percent position.
I took profits in Ford(s) because I was watching the /ES_F weaken. It’s nothing personal. I still have a 5% position.
My top performers were END and YGE.
RVLT continues to ‘suck goat’ instead of retrofitting Manhattan with LEDs. Get to work you zoophiles.
I bumped my cash up above 25 percent and was up 1.75 percent on the day. I needed it. One thing is certain. When RVLT stops going down…I’m forecasting champagne showers.Comments »