Color me complacent.  Here’s the SINA plan: http://ibankcoin.com/raul3/2014/04/08/doubling-down-doing-the-dirty/

Comments »

Everyone has a different style of trading.  These methods are forged by our own mental aptitudes and the experiences we accumulate in the marketplace.  Most of the time I want to own momentum stocks not because they are momentum stocks, but because they are the companies who have operations that actually interest me.  The challenge is managing the type of price action you can expect from the likes of Twitter or Facebook or Cree.

How about Chinese websites?  It seems like a good idea to have a few of the most popular sites from ASIA around, but good luck stomaching the daily movements.  This compelling story stock is a wild beast and riding it requires patience and strategy.

I put tons of time and research and machine hours into taking better market entries—entries which skew statistics in my favor.  That does not rule out order flow going against my entry.  One type of trade I take is to enter an oversold stock I like with a partial long.  Sometimes I take half positions, other times a third.  But I do so with a plan.  Therefore, I will lay out my plan, in the naked, for how I intend to play SINA, a stock as violent as they come.  Behold:

DAILY CHART:

WEEKLY CHART:

The best trades take time and often fly in the face of recent market activity.  The above road map is how I will catch a momentum rabbit by its tail.  I’ll be keeping tabs on this one more gregariously than my recent trades.  More quality, less quantity positions, yes yes?

I never made my point, the point this post title alludes to.  If you are going to double down on a position, or average in, you better have a plan and stick to it when you are in the heat.  Hell that’s life in a nutshell so get out there and execute.  Plan and execute, plan and execute.

 

Comments »

After live tweeting the open inside of the 12621 trading room and buying a few bits of risk, I am taking a step back from the action.

My book is 85% long after buying $GMCR calls and some SINA common.

I will now take a meeting with my top consultants, the pigeons at the park, before returning this afternoon to reassess the carnage.

Be careful out there folks!

Comments »

I am a merry gent over here today as I appear as they say to have the Midas touch.  Yesterday’s sale of TWTR near the high of the day puts a twinkle in my eye.  Let me explain something—selling your multi-week long yesterday is exponentially more intelligent and awesome then shorting twitter yesterday.  Good job, you took a low probability position and it paid off.  I will see you in two years, when you are serving me roasted duck.

Today I sold MODN because back room discussions with good people led me to question the virtues of their management.  I took the quick fix gain.  Next.

My SINA long from 12/20 started working, and when everyone was running from sellers this morning I bought MOAR…MOAR I TELL YOU.  I bought a bunch of CLNT too.  And I must say, the Chinese lottery has today feeling like X-mas all over again.

Comments »