A very interesting Week... more learned.. a lot more learned. I have read somewhere prices are "put" where they are and thought.. O...K... Now I know there is a "PPT" or "They" or "The Boys", whatever the name, some people that manipulate prices. Always had an inkling but I am sure now. The signs were the concerted efforts to create the mirage of strength towards the end of trading (which is when it is said "pros' trade right?) every day this week. Every day I was short and thought, yes the triangle is broken and continuation is at hand, and then what the??, where did THAT come from? Combine their now confirmed existence and VIX at record highs and their job is even easier as shorts (the less experienced one like me) are on edge.
Friday was the ABSOLUTE classic... When I saw the futures I was in dismay I had been kicked out of my Shorts by the best pump ALL WEEK (300 plus Dow reversal) end of Thursday and completely did not remember to think long on such a gap down... even if for a quickie. These futures are THE tool to set the stage for the days performance. If there was a day the shorts should have won it was Friday. THE other tool they have is the Dow... an index I think should have at least 100 names in it. As it is, it easily moved around, has big numbers, and the dolts on CNBS use it to no end... Actually just abolish both the Dow and CNBS (the once a week I glance at it keeps me nauseated for the week). When futures start so negative shorts are bound to take profits, then "they" just ad a little fuel and the run-up gets out of hand..
These thoughts are either a healthy paranoia which will help reduce mental stress by answering to the "wft?!" days and therefore improve profitability... or the beginning of my end, mentally.
The biggest cost I sustained (which cost me the week) was the result of buying into Monday's end of day run-up to take home... -5k next day and was in come-back mode all week.. Still a positive week.. Added up all the down weeks and came up with 87k.. down week bad.. positive week (even $100) good..
Back for more beating next week.. no problem.,. Hope the volatility continues.
Friday was the ABSOLUTE classic... When I saw the futures I was in dismay I had been kicked out of my Shorts by the best pump ALL WEEK (300 plus Dow reversal) end of Thursday and completely did not remember to think long on such a gap down... even if for a quickie. These futures are THE tool to set the stage for the days performance. If there was a day the shorts should have won it was Friday. THE other tool they have is the Dow... an index I think should have at least 100 names in it. As it is, it easily moved around, has big numbers, and the dolts on CNBS use it to no end... Actually just abolish both the Dow and CNBS (the once a week I glance at it keeps me nauseated for the week). When futures start so negative shorts are bound to take profits, then "they" just ad a little fuel and the run-up gets out of hand..
These thoughts are either a healthy paranoia which will help reduce mental stress by answering to the "wft?!" days and therefore improve profitability... or the beginning of my end, mentally.
The biggest cost I sustained (which cost me the week) was the result of buying into Monday's end of day run-up to take home... -5k next day and was in come-back mode all week.. Still a positive week.. Added up all the down weeks and came up with 87k.. down week bad.. positive week (even $100) good..
Back for more beating next week.. no problem.,. Hope the volatility continues.
