Thursday, April 10, 2008
YO
Dude you are in so much shit right now. You'd better get on the ball or you will be fucked.
There's so much shit that needs to be done I don't even know where to start.
Don't bother trying to make a comprehensive list because you won't be able to do it.
First things first: Money. You have none in the bank. Let's take care of that tonight.
If you can't figure out what you're doing, then do something!
*find phone
*get car tomorrow.
1. Gather all statements.
2. Tally statements.
3. Find all your checks and cash.
4. Deposit the checks.
5. Check your online statements.
*set up computer
You have to start making a living with this stock market stuff. When you have profits, TAKE SOME.
Quick preview of tomorrow's action.
I think the market will be down or up big tomorrow. Act accordingly. Cash out everything if you must.
Here's the thing. You have 110k right now. Thank god. With some of that money you could have been making more money instead of sitting there. Sell some! Play with about 10k.
There's so much shit that needs to be done I don't even know where to start.
Don't bother trying to make a comprehensive list because you won't be able to do it.
First things first: Money. You have none in the bank. Let's take care of that tonight.
If you can't figure out what you're doing, then do something!
*find phone
*get car tomorrow.
1. Gather all statements.
2. Tally statements.
3. Find all your checks and cash.
4. Deposit the checks.
5. Check your online statements.
*set up computer
You have to start making a living with this stock market stuff. When you have profits, TAKE SOME.
Quick preview of tomorrow's action.
I think the market will be down or up big tomorrow. Act accordingly. Cash out everything if you must.
Here's the thing. You have 110k right now. Thank god. With some of that money you could have been making more money instead of sitting there. Sell some! Play with about 10k.
Wednesday, April 9, 2008
Socialism
The true essence of socialism and communism is the intent to help your society and community. It's the idea of giving up YOUR labor to help your neighbor, not someone else's. Why does it matter if there's one rich guy somewhere? A communist/socialist should begin this immediately.
If a perfect society is achieved, does it have the right to force people into it?
Maybe it's a swing, a cycle. When it gets too socialistic, it swings back to freedom.
If a perfect society is achieved, does it have the right to force people into it?
Maybe it's a swing, a cycle. When it gets too socialistic, it swings back to freedom.
Tuesday, April 8, 2008
Get responsible.
More and more, this looks like it could be next: http://stockcharts.com/h-sc/ui?s=$SPX&p=D&st=2000-02-08&en=2000-07-08&id=p15565798669
Clear out 1/2 on a bottom tomorrow. If Wednesday starts to rise, clear out and start trading up/down.
Futes can't seem to break wednesday's low. If we don't get below 1360 tomorrow, clear out.
Being a man, an adult means you face up to your challenges rather than making yourself the #1 priority at every turn. There are other people in your life. Remember that. Don't fail them just because you're not feeling well.
Clear out 1/2 on a bottom tomorrow. If Wednesday starts to rise, clear out and start trading up/down.
Futes can't seem to break wednesday's low. If we don't get below 1360 tomorrow, clear out.
Being a man, an adult means you face up to your challenges rather than making yourself the #1 priority at every turn. There are other people in your life. Remember that. Don't fail them just because you're not feeling well.
Thursday, April 3, 2008
Wake the fuck up.
What are you doing? You sat and watched 500000 turn into 150. Actually 130. And some of it, you slept though.
Snap out of it. I know you've considered the options, but why were you asleep today at 10, the only selling opportunity of the day? Would you have sold it then? You were supposed to but I'm sure you would have just sat there.
If we don't get a huge dropoff tomorrow, you need to move some positions and start doing some trading. Forget about MER. Get some money out and make some with it.
Snap out of it. I know you've considered the options, but why were you asleep today at 10, the only selling opportunity of the day? Would you have sold it then? You were supposed to but I'm sure you would have just sat there.
If we don't get a huge dropoff tomorrow, you need to move some positions and start doing some trading. Forget about MER. Get some money out and make some with it.
Wednesday, April 2, 2008
4-02 Close
Today went about as well as I could have possibly hoped for.
Stayed about even, I should have made some moves but I didn't. Dummy.
Here's the thing, the chart tells me we're going to get a repeat of August/September.
Test this theory on a hourly basis. If it holds, we should get a series of small declines. Big decline, and maybe hold a little more - if it starts to go up, then cash out immediately.
What else happened today?
VIX bounced off the support line - THANK GOD. But continue watching this.
We have 13 trading days left for my options.
For Mer to get to 30, it will have to drop a dollar (2-3% a day, or over 12 % a week!) Can this happen? It sure would be unprecedented.
If the pattern follows, then MER will drop too slow for my 30s to be worth anything. If tomorrow doesn't bring a big drop, cash out. Even if the drop is substantial, start cashing out.
One really bad thing: the Volume today was pitiful. Absolutely pitiful. But Mer is still under the trend line and looks more likely to repeat the action from november rather than august/september.
The short side argument is that november is a better fit because the events in august/sept where when nobody knew we had problems.
The long side argument says look at the volume - and people are convinced the worst is over, evidenced by the rally from yesterday and the anemic perfomance today despite bernanke.
Remember to keep an open mind. Follow the action carefully and make the decisions based on the events of the day (but also take technicals into account)
Scratch the november thing with mer. this shit looks just like december. that would be BAD, or good. More and more, december looks more and more likely. this means you gotta get out NOW.
EXCEPT - December was MUCH more oversold than it is now.
If MER is actually in the phase where it goes up, this might explain the volume of the Julys. Cuz thtat's when things will start to blow up.
I HAVE to start getting out of the 30s.
Stayed about even, I should have made some moves but I didn't. Dummy.
Here's the thing, the chart tells me we're going to get a repeat of August/September.
Test this theory on a hourly basis. If it holds, we should get a series of small declines. Big decline, and maybe hold a little more - if it starts to go up, then cash out immediately.
What else happened today?
VIX bounced off the support line - THANK GOD. But continue watching this.
We have 13 trading days left for my options.
For Mer to get to 30, it will have to drop a dollar (2-3% a day, or over 12 % a week!) Can this happen? It sure would be unprecedented.
If the pattern follows, then MER will drop too slow for my 30s to be worth anything. If tomorrow doesn't bring a big drop, cash out. Even if the drop is substantial, start cashing out.
One really bad thing: the Volume today was pitiful. Absolutely pitiful. But Mer is still under the trend line and looks more likely to repeat the action from november rather than august/september.
The short side argument is that november is a better fit because the events in august/sept where when nobody knew we had problems.
The long side argument says look at the volume - and people are convinced the worst is over, evidenced by the rally from yesterday and the anemic perfomance today despite bernanke.
Remember to keep an open mind. Follow the action carefully and make the decisions based on the events of the day (but also take technicals into account)
Scratch the november thing with mer. this shit looks just like december. that would be BAD, or good. More and more, december looks more and more likely. this means you gotta get out NOW.
EXCEPT - December was MUCH more oversold than it is now.
If MER is actually in the phase where it goes up, this might explain the volume of the Julys. Cuz thtat's when things will start to blow up.
I HAVE to start getting out of the 30s.
Tuesday, April 1, 2008
4-1 Research
Important: Gap up days generally don't fill right away!!! As a matter of fact most gap up days follow up the following day by going up again!!
What to do with Mer:
As soon as Mer's price tomorrow exceeds today's high, sell puts.
Watch the vix carefully tomorrow.
Otherwise, hold them until the price reaches near yesterdy's close, then sell.
day trade HBs.
Remember research.
Watch out for 2 possible scenarios for financials - 1: follows xhb, 2: follows previous pattern.
Remember that the MAs will cross at some point. Especially after the gap has become the widest.
It might be time for the financials to cross.
Mer might be doing what it did in november. http://stockcharts.com/h-sc/ui?s=MER&p=D&yr=0&mn=7&dy=0&id=p36168354977
Or august/september:
http://stockcharts.com/h-sc/ui?s=MER&p=D&yr=0&mn=10&dy=0&id=p04615622781
Mer is still in the middle of the channel. That means upside is 50.
http://stockcharts.com/h-sc/ui?s=MER&p=D&yr=0&mn=7&dy=0&id=p36168354977
Look at this: Will tomorrow work out like november/december? or august september?
If you don't have an answer REAL FAST tomorrow, sell and get out.
What to do with Mer:
As soon as Mer's price tomorrow exceeds today's high, sell puts.
Watch the vix carefully tomorrow.
Otherwise, hold them until the price reaches near yesterdy's close, then sell.
day trade HBs.
Remember research.
Watch out for 2 possible scenarios for financials - 1: follows xhb, 2: follows previous pattern.
Remember that the MAs will cross at some point. Especially after the gap has become the widest.
It might be time for the financials to cross.
Mer might be doing what it did in november. http://stockcharts.com/h-sc/ui?s=MER&p=D&yr=0&mn=7&dy=0&id=p36168354977
Or august/september:
http://stockcharts.com/h-sc/ui?s=MER&p=D&yr=0&mn=10&dy=0&id=p04615622781
Mer is still in the middle of the channel. That means upside is 50.
http://stockcharts.com/h-sc/ui?s=MER&p=D&yr=0&mn=7&dy=0&id=p36168354977
Look at this: Will tomorrow work out like november/december? or august september?
If you don't have an answer REAL FAST tomorrow, sell and get out.
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