Random Rants and Market Ideas by Brandonf

Quote from Brandonf:


Current buy orders are:
LRCX above $33.55
PAYX above $37.50
MDY above $125.50
CHIC above $17.50
MO above $74.00
RTH above $94.00
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A couple of these are gapping up above the entry this morning. When that occurs I wait for the first pivot point to be put in and do not buy until it trades above that point.

Brandoin
 
Quote from areyoukidding?:

Its called a short squeeze and major option expiration this Friday.
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its not that simple i think -> unlike most traders, myself included to a degree they trade off ' if XYZ happens, do ABC ' style, i think brandon explains what XYZ is and what type of ABC you should do and why, a continually adapative style which has to be the key to longetivity in the markets.


question to brandon; your managing 35 big ones -> do you find it easier to sit in cash mentally because the interest earned of that alone is enough to live on, unlike a retail trader who has a constant hunger?


p.s. i dont trade stocks but i like your style of macro/technical filtering and then applying positioning accordingly. would i be right in saying that your analysis is not that complex but the difficult part is keeping a clear, open mind and consistent application, and being ready to flip on a dime?
 
Quote from jonnysharp:




question to brandon; your managing 35 big ones -> do you find it easier to sit in cash mentally because the interest earned of that alone is enough to live on, unlike a retail trader who has a constant hunger?


p
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No. I have a perfomance hurdle that I have to clear before I get paid and interest alone would not cover it. I have to add value with what I do or I wont get paid, but I still have bills to pay. I have never really had a problem with cash though, even when I only had $20,000 because I have always considered it a valid trade to be in at certain times. If I look at the market and I can not make heads or tails of it, or if I simply missed the opportunity and now I have to wait, the only real choice is cash.

Brandon
 
I am really not pleased with BA so I am going to go ahead and close it. Back to 100% cash for me. BA resulted in a small loss from the $68.00 newsletter entry.
 
Brandon,

I hope you will keep up with these journals that you comment on and that you continue to provide your usual background for your bias and positions. I enjoy reading your posts and watching the camtasia videos. Take care.
 
I observed that all of the stocks on your list of buys triggered today. However, I see no updates with regards to whether or not you are still in these positions.
 
I am going to be doing a scanning group tonight at 8:00 PM Eastern on Hotcomm. It is on Relay 10 in Mainstreet.

During the scanning group you are able to watch as I look at the markets and discuss current market conditions and opportunities. They normally will last an hour or two.

Brandon
 
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