Weinstein Trading and Fading
- Thread starter Robert Weinstein
- Start date
Wow, I will admit I had to think for a moment to provide a response. So far up to now people have said "congrats" or "nice house" or some other equally pleasant comment.
Yours is the first to question my personal finances. So congrats to you for being the first to do so.
Coming to a conclusion without seeing much of the puzzle can lead one to think things that may not be accurate. As this is a trading site and my trading journal I will say I did well in 08, did ok in 09 (>10% TWR) and I have no idea how 10 will be any more than anyone else but I have a gain so far and my trading has much improved since Feb 22nd. Trading in of itself may not have bought me a house yet but I could see getting another rental later this year to help offset gains.
As for buying a house I am not licensed in Michigan or outside of Wisconsin. Come to Wisconsin and pay a retainer and I will show you how to buy a house.
I do wish you well though.
Quote from ~~~:
Children...
When they are not screaming, crying or fighting
They are like cute little angel
When they are screaming, crying or fighting
They are like cute little monster :eek:
and no matter what, we love them
When i first started out working back from the states, i rented a mini-tiny room to save $ (the small room is smaller than the prison cell in Alcatraz Island) but Life is Great ... i worked hard and get pay back decently.
Claude Oscar Monet is one of my favorite Artist...
i went to Giverny, France just to look at his water garden.
that's how crazy and passionate i am when i am into something
whatever i do, i try to do it 101%
i am really excited about my new hse...
i gotta have a blooming flower garden and a lotus, water lilies pond, japanese bridge and a pleasure pavilion. In the morning while i enjoy my cup of tea, i can admiring the rays of orange sunshine stroking the japanese bridge while light mist raises from the water lilies pond, weeping williows caressing the surface of the water, offering waves on to the blooming water lilies pond.
In the evening, when the day begins to fade away, i can enjoy a glass of wine by the lilies pond watching the last rays of the sun dance on the water.
back of the hse, an infinity swimming pool is facing the ocean far away ..my hse is going to be my sanctuary.
i always tell people ... don't worry too much about $ because when i first started out.. i was poor and broke but believe in yourself and work hard.. the sweet rewards will come to you ...
p/s i gotta go for my yoga now and wish you and your family a great weekend and good trading.
Sounds very nice and glad your delayed gratification paid off
I of course would like to move to Vegas as you may recall.
I don't wish to move there as much as I once did and now Reno or maybe Texas sounds better considering my family.
I should probably stick to real estate as it has always been good to me but I have to admit I love trading more.
Quote from ~~~:
maybe he secretly keeping lots of RMB in China.
Not lots but I have some and its here in the states. I bought it before the value change July of ??? 2005 i think. not sure of the year but it started gaining value when it lost the peg in July, that I remember.
Busy day today
The biggest thing today was the mistake I made with DBD. An incorrect report by Bloomberg stated that the SEC had some accounting issues with DBD but as it turns out it was old news and it was settled today. I should have walked away with a loss about half the one I took but since it was trading weak and under the 200MA I did not think any rally was in the cards. I was wrong and while I tried to trade my way through it I was not able to when it found some upward movement with the rest of the market. I am still short some shares so it may end up better or worse but I will get out tomorrow regardless as I do not have a reason any longer to be in it and I will do what I should have done. I canât complain to much as this often works but is bound to cost me once in a while. Indeed at times it was working and I had cut my hit. Otherwise it was pretty much a standard day lately. I was watching the BP video, trading BP and made a few other trades. I ended the day long some BP stock and wrote a couple more BP puts. The IV is so high on the options that even if the prices do get there it would be hard to make money unless the whole tent folds for BP. I did cover most of my overnight with BP in premarket trading and then both went long and short during different times with BP stock but only added to the naked puts today. With any luck (not that they have had much so far) we will see some progress with BP tomorrow/Friday and a stock price above 40
AMGN gap up oversold + 71
BP + 1006
DBD â 4243 lesson learned with that
GNA + 41
RIG + 67
- 3056
The biggest thing today was the mistake I made with DBD. An incorrect report by Bloomberg stated that the SEC had some accounting issues with DBD but as it turns out it was old news and it was settled today. I should have walked away with a loss about half the one I took but since it was trading weak and under the 200MA I did not think any rally was in the cards. I was wrong and while I tried to trade my way through it I was not able to when it found some upward movement with the rest of the market. I am still short some shares so it may end up better or worse but I will get out tomorrow regardless as I do not have a reason any longer to be in it and I will do what I should have done. I canât complain to much as this often works but is bound to cost me once in a while. Indeed at times it was working and I had cut my hit. Otherwise it was pretty much a standard day lately. I was watching the BP video, trading BP and made a few other trades. I ended the day long some BP stock and wrote a couple more BP puts. The IV is so high on the options that even if the prices do get there it would be hard to make money unless the whole tent folds for BP. I did cover most of my overnight with BP in premarket trading and then both went long and short during different times with BP stock but only added to the naked puts today. With any luck (not that they have had much so far) we will see some progress with BP tomorrow/Friday and a stock price above 40
AMGN gap up oversold + 71
BP + 1006
DBD â 4243 lesson learned with that
GNA + 41
RIG + 67
- 3056
Henry,
For me its what it is on any given day. So for my trading if it is making a new 52W high on that day it is usually not the first day in a series as you suggest. On gap ups though the gap is often a new 52W high without needing the day before to be also.
Best
Robert