Nobody is worried about the election or the nightclub. Brexit, Fed, acquisitions or the phase of the moon. Truth is it doesn't matter.Originally Posted by Pooh
But take a victory lap. Glad it's back.
Nobody is worried about the election or the nightclub. Brexit, Fed, acquisitions or the phase of the moon. Truth is it doesn't matter.
But take a victory lap. Glad it's back.
This is where you're wrong. Short term it does matter. VIX is up because of one thing. Volume is through the roof. Once this vote is done then I'm out. Probably a day or two before the vote I'm out. VIX still isn't even to its average position. I could be wrong. We'll see in a week.Nobody is worried about the election or the nightclub. Brexit, Fed, acquisitions or the phase of the moon. Truth is it doesn't matter.
But take a victory lap. Glad it's back.
Random but I am proud of this
Cisco Systems, Inc. Jul 15 2016 29.00 Put(@CSCO 160715P00029000)
$1.04
In retrospect, I should have jumped out of VXX after the spike. The plan is to be out Wed or Thurs this week. For arguments sake, if it doesn't spike again or god forbid goes down I will sell weekly covered calls for shits and giggles. My 10k shares will get me between 8-10k a week right now. That's reasonable money.
What a tasty little nugget...
Japan
U.S. Stocks Are About to Crash, Japan's Stock Market Is Telling UsBut these efforts have fallen flat. The economy is still stagnant, investment levels have not improved, and savers are buying safes in record numbers to hoard more cash at home.
https://www.thestreet.com/story/1361...elling-us.html
Negative interest rates, very interesting. I'll be here all day, leave a tip on your way out.
I have had a lot of what-if conversations lately about interest rates. Is it actually possible for the US to ever have double digit interest rates again? What about 5%? What about 2.5%? (Central bank rates)
The problem is quite a few would lose their houses. Paranoia would set in and the markets would tank.
Since we're living in a simulation I'd like to see the other simulation where that happened.
What a clusterfuck I made out of ETE this week. Between not taking profits on VXX and this I probably left 50k on the table the past four trading days.
Sold at $1.50
44% in a week or so. Yeah, I am kinda proud.
Fucking bought 10k shares VXX at the open at $16.04 only to watch it fall to $14.99. Sold it at $17.01. Easy money.
Paper accounts don't count. Never has someone tried so hard.
Props to Hanicapme for the - 2% call backed by the open challenge.
I am leaving all kinds of loose change on the table. Booking profit too soon. Just playing bad.
The CSCO thing I posted is an example of wanting to get getting paid and not waiting. I just can't hold over weekends though. Just don't do it.
The airline plays pissed me off. Thought of this Friday and only got a taste.
Brexit apparently determined to be responsible for Facebook, Google & the Zika virus according to CNBC and the idiot press.
Brexit is good fun but it is also a catalyst for some overdue fin correction at a choppy top.
My friend, the chump, loses again. Too funny. He is bullish today. Be careful.Biggest stock market chump I know says the market is going to all time highs. The guy has never had a winning trade. Might have to join your VXX trade.
A lot of better ways to get exposed to Vol then just buying VXX, if you have options writing ability.My friend, the chump, loses again. Too funny. He is bullish today. Be careful.
Is this really a rebound already?
This AM I degened on TSLA. Bought some 200 calls and 180 puts since I assumed the markets would continue falling further but apparently was completely wrong.
Up over 60% on these do I ride it out to see what tomorrow brings?
Ended up on options this week but bailed early and left profit on the table.
Apparently Brexit was nothing and all of our economies are amazing.
But we all know that is horseshit.
S&P record levels
Nasdaq 5000. All kinds of highs today
NTDOY Nintendo crazy. New Pokemon game is some kind of new rage
Could be a crazy break out for markets
Earnings could be interesting but I think bad news gets shaken off.
There is no place else to go. Why does this feel like 1986? Germany -1.6 US 10yr 1.4 and less shorter. Madness
All the talking heads leaning same way. It's all flawed and wrong but can't be a hero. This ain't about fundamentals.
Summer volatility. I actually wish this shit would stop. Supposed to be chillin now.
It's hard to stay calm today
October is gonna be fun but you don't want to step in front of this train.
UFC fighting sold Chaps. $2million ---->$4billion. Need to read this story sometime
God, I hate TSLA. Just the thought of it. PT Barnum. Read a line in a car magazine story. Writer was talking about the terrible way German cars hold their value.
"Stepper motors made from cake frosting". Omg what a fucking great line. Got me thinking about electric car built in obsolescence and stuff.
Last edited by Sanlmar; 07-11-2016 at 11:04 AM.
CGC on TSX
Canopy Growth Corp.
Profit off weed legally
Election year plus banks needing growth = next leg up in the market.
S&P 2300 by year end easy.
I can't wait for the crash...sigh keep pulling out
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