Well first let me say... VZ needs to up his game a tad and venture into previously unexplored territory. Desterio is a worthy opponent. And I love a good challenge. Even if I lose, my $250 to charity will pay off in spades in the trading years ahead. I already know that. And thats a good thing. Its a drop in the bucket compared to the gain. My charities...I will give it to St. Judes or Make-A-Wish. Via Baron. $250 is not enough. I hope I win and Desty gives $500 to one of them. Hell, I'll tell ya what.... even if I win.... I'll still give $250.
Now...I can humbly say I am good at scalping.... and long term directional plays. But we need to change it up for this competition. VZ needs to rethink the game.
Regarding day 1....I don't mind the slight loss on CGC today....its a wildcard play. SYMC made money, and I'm pretty sure... depending on what Desty valued the VMC puts at.... that trade was green too. VMC is going down before the end of August. I will add to that one on strength. I feel good about SYMC and VMC 2 months out.
All that being said... I came off the first tee in a rush and took an oversized position in BAC without thinking first. Right into the f'n lake. Now I can whine and cry and say thats because Desty prodded me with an "he's ignoring the challenge" post... which it was and I shot from the hip in the first hour of trading today...... but I'll take the hit. Zandy blames no one for his f*ck-ups. $2300 in the hole. But to be 100% real, I did think today was the day for the financials to break north of their current funk. Lets see what happens next week, but for now as Desty said.... I'm writing off the entirety of the $3400. I like being the underdog.
Now that I know the rules.... (and I honestly didn't read them before we kicked this off ).... I have to re-think things. $80K and I'm out. That means I need to think a bit. If Desty wants to adjust that to the high-water mark... Thats cool too. Just give me a day or two to regroup.
I'll win this bitch. If not... we'll all be better off for my effort and Desty sharing his knowlege. I already am.
Phones ringing off the hook with sponsorship deals.
Tell Fidelity they need to up their game or VZ switches to IB.
And Surf... No(!).... you can't sell T-shirts.
So.... Jughead says if I pm'd Baron about our bet... "we'll see flying hoovercars".
Of course I proved him wrong. That was like the 4rth time I believe. https://elitetrader.com/et/threads/is-it-time-to-ban-desterio.323977/page-16#post-4718630
Now here's A guy who "claims" he had 600 Bitcoins back in January... what is that like $9,000,000ish at $15K/BTC(?).... and yet he can't come off with $500 for a bet he lost by QUITTING... even after I have proven I am ready to send Baron my money. And I won the contest. Oh, I didn't read the rules and made a trade where I sold some naked calls. Too bad that was after HE QUIT.
His post: https://elitetrader.com/et/threads/is-it-time-to-ban-desterio.323977/page-16#post-4718619 "I will send exactly $0.00"
Loser.
Either way, the offer still stands.
Now he says I never made that trade in the other thread. So I'm giving him a chance to once again put his money where his mouth is. Come on Jughead.... you can break even here... I'm a fraud... I never made that trade... no brokerage account...
You are all talk. Put up or shut up dude.
........ Also, in states like Florida where I live, physically confronting someone, especially on their property can result in you being shot up with no charges to follow.
Never show up to another man's house looking for a confrontation. My friend did that and it resulted in a bat to the face with his jaw wired shut for six months. Also, in states like Florida where I live, physically confronting someone, especially on their property can result in you being shot up with no charges to follow.
Hey did Desterio get banned? That'll suck if he did. It wasn't me if so. I enjoyed Jughead.