Trading for a Living - the journey to self discovery

Closed NFLX short @291.50; $300. That wasn't a very good use of a stream...

So far, no trade today...looking at SIRI but the float is making me wanna barf...I keep on reminding myself....don't be judgmental...you just need 10% from $2.18....$2.40 is do-able lol.

Don't like where it is sitting right now....but earnings is coming up...:confused:
 

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Quote from cloudy:

Interesting.. pattern39. Let's say I had 3 years of bad trading experience and loss of money with "Lack of sleep, psychological trauma, emotional pain." So then due to karma balance, I could have 3 years of good trading and profits. Then if I stopped after that I wouldn't have to worry about karma taking back my recent profits?

I could then go into business selling a widget product for a profit for three years. But then I would have losses of three years equivalent to the margin profit I made in the first three years due to karma balancing itself?

But I have to admit I've seen things happen that seem to confirm this in some way.

A successful greedy boss and owner of a company selling products made of substandard parts. Doesn't turn on the air condition in summers and leaves the heat off in winters. A sweatshop with certain workers multitasked to nervous breakdowns and eyesight headaches. Later on a family member of the boss gets progressively sick and dies. Some mysterious arthritic disease with no apparent reason. Person was in their 50's.

A gynecologist had 15 years of great profits delivering illegal alien babies. Then one day due to doing too many operations at once a baby dies and mother sues claiming neglect at critical time. The gynecologist got his license revoked. He had to retire 15 years earlier before his retirement age..

An older friend's father bought and fixed almost a hundred houses along the then sparce socal coast in the 40's and 50's. Made millions as the houses appreciated. then put it all into a hospital. Hospital went bust or scammed. Lost most all his life fortune. Died earlier in depression never receiving his FDR social security. And what about all those people who lost a lot of their life savings in 401k's? Will the banking society and those who received their "bailouts" ever get their karmic comeuppance?

So what's Tiger Woods' karma balance? 10+ years of top of the world fame and adulation. Teens and grade schoolers adore him with fan clubs. Then he gets caught as a "cheetah". Now years to come of disgust and mockery?
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Shit Happens
cheers john
 
In the past; I've avoided trading stocks with larger floats (85M average daily shares!) with nasty fundamentals (IMHO). SIRI comes to mind. Interestingly enough, over the years that I've looked at this from the sidelines, this has managed to get out from a near death experience rising from the ashes to quietly racking up gains!

So, I decided to take it on. Not too pleased with my entry point as I bought it on pullback after news of its inclusion to the NAZ index. Reports earnings on Aug 1st I believe...

I have a feeling this will be like watching grass grow...:D

10 cents in the next 4 trading days or so would be good in my books!
 

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Quote from Th3UglyTruth:


I have a feeling this will be like watching grass grow...:D

10 cents in the next 4 trading days or so would be good in my books!
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Out for $420 gain. This was painful to watch.
Out of JJG for $1200 gain

NFLX tanked today by $12! :mad:
 
What to do with earnings coming up...$364.92 closed on Friday; broker previous high by $0.02.

Options don't look as cheap as they were in June; grrrr...to let those Jan 375's go too early! Another train is what I want to tell myself!

Seems like we only have a few options...
- play the earning pop (assuming there will be one) by purchasing Aug calls
- play the follow thru

At tipping point?
 

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Quote from Th3UglyTruth:


This one is looking like a short too...

JCP $34.12; short at stop $33.20
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Buy Stop placed at $33. Looking at $29.65 to close position if it bounces. IF not, we will continue to hold the short position.
 

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Im not sure if Id short it, but its not a bda move, actually now that i had a look at it i d be willing to take it up for 5 days, around then 5-7 days id consider going long depending on how things look and is there is some strength in the turn around. I like this chart too
 
ok im not sure if i should be posting here.. but here is a some thing new I've been working on , so its may be off. but if your trading the spy tomorrow then would be good to have a look just in case it shows any validity
 
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