The Game Plan Henceforth

Firstly, it should come as no surprise to most that although my current habitat is a small grey cube I’m best suited for the circus.  One of my specialties is spinning nine plates while tending to nine irons in three fires while riding a unicycle.  As such, I’m not caring so much when I’m wrong on a trade or business venture because three others are putting bread on my little clown table.

In the past, I could be found on the twitter early in the morning, guns blazing like Yosemite Sam on these juiced up stocks like ZNGA or BBY.  I like swing trading little 5-8 percent bangers and it’s treated me well since like August.

But sometimes you have to find another cat, and skin it naked.  Aside: I love cats.  I keep two of the outdoor variety for keeping the damn squirrels out of my walnut trees.  Back on the topic: I like the S&P future contract.  It’s the most liquid financial instrument in the world.  It is the essence of pure order flow.  Any hand big enough to sway this market shows a big harry footprint.  I like order flow, so I’m teaching myself to trade it.

The plan calls for me to trade the e-mini S&P from 8:30am-11am.  I trade this market without external influence.  No blogs, no twitter, and most certainly no teevee.  It’s just me and my robots.

So don’t go looking for me so much around those hours.

The way I trade stock swings, I need a good look at the close to solidify the signal.  However, I like getting in early sometimes, and since I won’t be as active in the morning, only 25 percent of my capital will be tied to these types of trades.

The rest I’ve begun dollar-cost-averaging into names I really like.  My two absolute favorites are CREE and AWK.  Light emitting diodes and water.  Both are vital to our future.  I started buying SAM, but I’m not as solid on this thesis yet.  I may just cut and regroup.  I’m trying to get excited about AAPL, seeing as I bought the bottom, but it’s hard to call this an investment yet.  I could cut at any moment.

So I’m an investor now, a swing trader, a morning scalper, an accountant, a business owner, and a blogger.  Fly will tell you to temper your expectations on life, but my father was a day laborer and I’m already upper-middle class looking to get rich as fuck.  Straight up, I won’t stop until I have a stable of cars, a Lenny Dykstra-Wayne Gretzky house, and one of those vanishing edge pools.

Last thing: many respectable players recommend keeping separate accounts for different strategies.  I’ve never tried putting them all together, but I DO keep separate accounts for all of this trading activity.  I can imagine it could get harry having it all in one place.

Let’s not get all mushy about the details of my totally awesome blog, flowpirate.com, or the back door dealings of the blog game.  Don’t get all gay and start reading me with frantic excitement like you do the champions who roam these halls.  Do listen very quietly to me for only one moment:

I made it

And I’m going to keep making it.  And losing it.  Because it, my friend, is what it’s all about.

Also, this place, iBankCoin, this place right here…it IS the internet.  Never forget that.

One final word: if you start a blog of your own, for the love of god, get excited about designer purses.

More later, I have top calling to do on twitter. @twosmuth is my pen name over there.

I have very little to say today, as the influenza has me feeling rather faint this morning.  Have a look at the chart markup below.  Note the short squeeze last Thursday followed by the long liqudation yesterday.  Neither party is pushing their initiative yet.

Perhaps it’s the crystal crack meth I’m holding in my portfolio, and the fact that each of them is a loser, but what looks like minor damage on the S&P has my portfolio down 1.5 percent today.  If I was heavy long, sure, that makes sense, but with cash over 50 percent it comes as a bit of a surprise.  It’s like oh hello April, I see you’re coming in like a lion.

So I’ve been forced to take two losses today; first I cut Yelp, and this afternoon Ford.  Here’s the gist, at this juncture, I’m not loosening risk and letting setups work.  Ford very well could turn around this week, but the daily chart is sloppy, and not something I’m lending patience to right now.

Yelp plum fell on its face, as did most of the social media space. To hold even a trace would be a disgrace. I want only the ace. I want the ace.

My holdings now are (by size) CMG, ANGI, AIG, ZNGA, CREE, and old pokey aka AWK.

We could talk about each and what they’re doing, but you have charts yes?  You see much of what I do, no?

Here’s my bottom line: there’s lots of POMO on tap this month.  It’s a strange environment.  As we wind down into the close, we’re getting a b-shaped profile, suggesting long liquation and not much more.  The sellers made progress on many individual charts, but they haven’t taken the big board yet.  Moreover they haven’t controlled the big board all year.  However, this is a new quarter, a page turn if you will.  Therefore we all need to stay vigilant.  Like, why the hell is the Yen so strong today?  Just be cognizant of the environment.  I’m a bit unsure, hence my huge cash.

Be well.

Being a heathen of the highest order, it’s only fitting that the Lord would strike me and my family down with the influenza over the weekend.  A wave swept through our households violently, like the air from a vengeful sarcophagus.  Much like The Ben targets short sellers.

It’s death by vomit then dehydration for the short sellers.  Their only Gatorade is a margin call then rehab.

Let’s take to the profiles, shall we?

Click the chart to enlarge it to “chocolate bunny” size and read the key notes:

Early on I’m looking for sellers.  I don’t expect much from them, and I’ll look for buyers to balance out the trade above 1559.  Once the data comes out at 10am EST, I’ll look for either party to begin pushing their initiative.  Depending on who is asserting control of the tape, either the above profile notes for downside come into play, or we take out the highs and pump.  I’m ready for either.

Don’t let anyone fool you, it’s April first, fool.

http://youtu.be/V-_NMAllsJc

Before we attempt liftoff today buyers will want to defend the following levels.  If they don’t, I have my line in the sand for reducing exposure:

I get a certain type of perturbed when I miss a good opportunity.  It’s 2013, shit’s cray.  I’m calling a generational transformation right here, right now.  There are things we don’t even know we want yet, that will be indispensable in three years’ time.  In such a phase, if you don’t keep tight and on point, ideas simply drift by, like fat salmon drifting up stream.  With such a flow of fish it’s only natural that a few slip by.  Just know someone else is eating those delicious missed fish, living in the lap of luxury.

Things are going well, don’t get me wrong, but I missed two jumbos this month.  I’d say it’s a good problem to have, too many ideas flowing.  Being the opposite, following a template lifestyle of sorts, is certainly a drag.  So I’m venting two big trades I missed.

BBY all month and TPX this week

BBY was a certain type of fail, where I just continued to fail.  It was my Super Bowl pick.  I do things, like my Super Bowl pick, or March Madness pick, mostly by looking at the charts.  However, when I can incorporate an external, although often subject to extreme subjectivity, it makes the trade all the better.  I overheard (read) that BBY had a funny commercial game day.  I like funny; it’s the safe play for big time commercials.  I bought January 31^st, a decent entry, of the higher octane variety.  I stopped out, and looking back that made sense.  However, I let it linger on my watch list, and it gave two more entries, and I missed them.  It’s been ripping.

TPX I have gotten so much of.  I’ve been on that trade all.year.long.  That is until missing today’s pump.  I sold it a few days back citing a very flimsy formation of a notorious double hammer position.  Truth is, I didn’t have much reason to sell, I found one, as Chess likes to say.

That’s all, just getting that off my chest.  Onward and upward.

Take this setup with a grain of salt, and keep your risk tight in consideration of how extended the indices are.  However, Facebook is seeing some relief today, and there may be some revision to the mean in store for the name.  If yes, that could bode well for the socials in general.

Full Disclosure: I’m already long. 

Futures are 10 handles lower since the European market opened. Here are some important levels of interest today:

While Le Doctour has taken the market’s indecision as a cue to back off from his positioning, I have been aggressively churning my portfolio like a tap dancer in a minefield.  Stocks are blowing up, and blowing down.  Stock pickers are totally en vogue as money sloshes around in the market.

Today I sold my remaining shares of LEDS around 1.35 and a brief look back suggests I sold too early.  That’s the problem with knowing a company is complete shit, you’re trigger happy on the gains.  However, a 25 percent gain in two days is sufficient to keep bread on my table.

I bought ANGI back and it started ripping so I bought more.  It’s a full position now, threatening to make all-time highs alongside our historic market.

I closed out RGLD in a passive manner.  I placed a protective stop on the name ensuring I would earn 5 percent.  It triggered and I went on my merry way.  Plus the gold chart looks peak’ish.

Into the bell, @ragincajun dropped some breadcrumbs in the back ally, via the hybrid movers, and I curb-stomped two other bums to get my hands on the best pick, AIG.  I’m long AIG now.

Finally it took every bit of discipline I have to not sell ZNGA.  It’s been flirting with my stop all day.  It’s been trading like a loser all week, but it hasn’t crossed my risk parameter yet.  It’s simple ruffling my feathers in a most egregious manner.  Let’s hope she doesn’t gap down on me.  Come’own everyone, do some hoping for Raul.

Cheers,