Quote from eagle488:
Im being serious.
Imagine each stock like a ship or boat. EFUT is a small boat that turns on a dime. WMT is a large oil tanker that takes miles to turn and stop.
Here is a chart of Walmart. You can easily predict its path all the way through. You get to know the company like a Wall Street analyst and then you can long or short it on its obvious path. Then its just a matter of checking the chart on a daily basis for just 15 minutes. No sitting in front of monitors studying fibinichi lines or bollinger bands. No putting up with some manager or director at a prop firm. You can sit at the pool all day long while Walmart turns like the large oil tanker it is. Then when it turns up, then you cover and go long.
I had longed and shorted Walmart the entire year. 10,000 shares short, 10,000 shares long. Im not worried that a half million dollars is on the line. There is no sudden rush to cover as if there was a multi-alarm fire. Its easy for me to throw a half-million either way. This way, that way.
The most valuable thing to myself is actually my time. I enjoy spending my happy hour down at the bar drinking like a sailor. I enjoy seeing my family and friends. Meanwhile, Walmart makes me cash either way. As I sit at the bar in at Ulysses enjoying the band in the financial district, the mini-burgers and the large liters of ale I look up at the skyscrapers. Still some young people in there at the desks doing who knows what. They havent figured out Walmart yet and are still wondering what Jim Cramers next big pick is. Meanwhile, I am making the moves on the receptionists at Goldman Sachs and typing meaningless, long posts on elitetrader that people complain about. Thats my excitement, not looking at the fibiochichi lines or whatever.
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