I’m feeling very, very angry right now.  Anyone who trades these markets, looking like a stoic, is either a psychopath or a studied philosopher.   I get happy when I follow my plan and make money, and I get raging mad when I deviate from it.

Let’s run down the moves, shall we?

Early on, I engaged the market repeatedly, and donated back my last two days’ gains.  Back to ground zero.  Kewl.  Avoid market rage, don’t engage.

–          I knew once this market made up its mind directionally, it would be big.  The morning built up a ton of energy.  I wasn’t there when the move happened because I was tossing my phone down the stairway.

FSYS, SNE, JKS, NBG – I cut them all, they all lost me money.  NBG never made sense to begin with, even with the 20 percent profit I scaled off.

LULU Lemon calls, purchased at the peak of the great spike of June the fourth, sold, at a loss of course.

Now listen closely: these above positions haven’t even proven themselves wrong yet.  I have proven myself wrong.  And I’m angry.

I’ll be going for a walk now, perhaps talk to some pigeons and see if they have a message from Nicola Tesla.  After such time, I will come back and reassess these markets with a more charged up mind.

Comments »

Something is happening to me, something I’ve planned and worked toward all year long.  The budding ideas are beginning to bloom.  I’m becoming a multi-pronged trader.  The tape, it only needs to move, and I’ll be there, making money from it.

I do things, quite majestically.  Take for example my NFLX weekly option trade.  I bought two units early, scaled one off for profit during that precarious double top intraday, and held one through a bit of a drawdown.  This option now stands to make a great deal of money in the morning.  The profit taking gives the confidence to stomach the pullback, at least for me.

My Google runner, I sold it.  It was worth more, and it may rip tomorrow without me, but I avoided turning it into a loss.

This LULU long may still be a loser.  I’ll keep quiet about that seeing as I nearly top ticked it with 3 calls.  You’re never supposed to lose on the internet.

I made money in the S&P futures today.  I can’t post these trades live as they require 100 percent focus and risk management.

My swing portfolio lost money today mostly, but it boasts a large cash position and some green shoots.  Not just pure red.  NBG is my current biggest loser.  New longs include JKS and FSYS.  Cash resides at 33 percent.

New long JKS was practically a mechanical entry.  PPT upgraded it to buy, the hybrid score shot up, and it has a look I know and love.

The green Tuesday streak is over, but I still stand to make a great sum of money tomorrow.  The fade exhibited on my longs only serves as proof that the sellers are in fact afraid and behaving overly aggressive.

Notice: As fast as these buds bloom they can be chopped to bits by a careless lawnmower operator.  It would not be the first time I’ve had fresh ideas minced by the motored blades of the market.  No one ever said it was a safe journey!

Comments »

It has been a choppy morning in the futures.  Choppy enough, in fact, to let me squeeze a little bit of profit out, mostly shorting.  What’s happening is I get my first scale and then have to scratch my second piece.  The market harmonics are hunting out that second piece and making me re-enter with higher risk of selling into the hole.

Anyhow, I’m done dabbling in the futures game unless, as always, a major development occurs.

18 trades, 5 losers and a small profit.

I’ve been stopped out on DDD, the net of my gain last week and today’s loss was a small loss.

I added back some shares of NBG this morning, near the HOD.  Developing…

Everything else is getting decimated.  The momentum rug is being pulled.  If the carpet is indeed magic, it needs to fly me out of this collapsing cave, and fast.

For now, I’m electing to eat something requiring two hands.

Comments »

Are you man enough to take it?

There’s a cloud of electricity around Sir Raul this morning as I trade with near impunity.  It may just be these storms rolling through the D, turning the entire landscape to a shade of green that can only best be described as ELECTRIC.

Big, big day thus far.  Let’s run down the moves:

10 trades in the ES, 10 winners.  Flawless victory.

Sold 1/3 NBG at the open + 20 percent.  My ancestors are treating me right.  I’m a decedent of ZEUS.

Sold my NFLX lotto ticket at AM swing high, made a G.

Bought more SNDK lotto tickets, let it ride.

I closed out my RVLT.  I never love this name and wanted my 5 percent gain.  It could still go.

I bought ACHN from fly’s homeless post last night.

I bought SNE.

Let me elaborate on SNE.  It has a bearish-slanted head and shoulders pattern.  Very bearish.  The NIEKKEI had a tough week.  I think they’re going to drop the hammer on shorts.  How dare they question their economic experiment!  Japan doesn’t play pimp.  This is my rebound play to get involved with the action.

I like my China names going into a weekend of Chinese PMI data.  They’ll look to get global attention this week, I feel.  I’m long DANG and HMIN.

Comments »

Yes, there was a selloff this afternoon.  Indeed, the NIKKEI is doing scary things.  Sure, there’s lots of uncertainty in the bond markets.  And certainly, we’re knee deep in month end foolishness.  But why not have fun with it?

I know everyone’s different in their approach and I respect that.  The buy and hold investor who got involved any time in the last 5 years is probably crushing, if he picked good companies.  The swinger who is patiently waiting for cleaner conditions is probably preserving a nice chunk of earned capital, waiting for her next opportunity.

I’m trying a little bit of everyone’s soup.

So far, my first two attempts at this option game have appeared well timed, SNDK and NFLX.  I’ve taken scales in both.  Aside from the paper gains I’m sitting on, which are very real money, I have a free ride on my lottery tickets, silly contracts set to expire tommorow.  There’s something to be said about this approach.  If either one of these continue higher tomorrow, we’re talking about 30-40 percent gains.  I never considered such speculation until “The Fly” brought OptionAddict into the mix.

I traded the spooz so poorly this morning, I can’t wait to review the trades while slamming my thumb in a door jam.  I need my pointer finger for clicking.

I HAVE MY CHINA FIX: Long shares of HMIN and DANG

Let me talk about DANG a bit.  My good friend @stockcats suggested the name via fortune cookie.  One thing stood out to me, the near geometric perfection of the triangle up here.  The Chinese, they love structure, symmetry.  Their leaders will point to this chart whilst we sleep and demand it resolve higher, as a show of power and formation.

I nibbled on the little bank that could, NBG.  I can’t pass up a good joke, even if it’s on me.

See my Dee’s?  DDD looks fantastic up here.  So do AAPL SNDK CREE and NFLX.  FB doesn’t look too shabby down there, either.

I’m feeling lucky, so I’m pressing my bets all over the place.  I can assure you some of them are wrong.  Until we decidedly trade lower, I’ll keep dwelling in the speculative components of the market.  But hell I’m young, I can afford to lose it ALL.  Fuck it.

Should I fall square on my face tomorrow, this post will serve as a jagged reminder of my insolence to the cautionary winds.

Comments »

The market did the ole’ bad data, positive reaction thing, which according to my matrix is the most bullish market activity out there.

This led to a short squeeze across the board.  Which is nice.  Our first attempt out of the major balance area from ~ 1651 – 1641 is to the upside.  So far the profile is establishing a P-shape which tells me aggressive buying activity, likely shorts covering, drove price higher and now we’re balancing out.  The question on everyone’s mind now should be, will new buyers step in and initiate new longs?  Or was the action only temporary before we resume a path lower?

I can’t call it.  The market will.  Watch $ES 1659.50 as your barometer to the former, and 1652.50 for the latter.

I took some profits in my SNDK weekly options because, well, they expire tomorrow!  Awesome.  It’s kind of fun to put a timer on your trades, when you’re right.  That being said, I’m holding one runner into this attempted breakout.

I bought NBG.  This is probably dumb, but MANNNNNNNNNNNNNNNNNNNNNNN, I gave serious consideration to buying that last dip.  Danger: revenge trade.

What else, what else…ah yes, I sold a bit or RGLD exactly as planned.  You must love seeing a good plan play out for old Raul.

I sold OMEX, it looks like it might roll.

I booked ¼ of my $DDD long.  I’ll always take 5 percent home.

I lost money in the futures today, taking stupid trades.

Comments »