Getting Ahead for the Little Guy
Both FDR and Reagan inherited horrible economies that were, in almost all measurable terms, worse that what we’ve currently got, and FAR worse than what Obama complains that he’s inheriting. One of these presidents turned the economy around pretty much within his first year. Under the other president, it turned into the greatest depression in [...]
So I got stopped out, exited my positions for a couple of days after taking plenty of damage to my account. I’m back in. And heavily committed to being a bear. If this doesn’t work out, my wife may not let me trade anymore….
Unfortunately the market is driven by politics and manipulation pretty heavily right [...]
I’m not bullish. But apparently the collapsing dollar is still doing a number on equity positions. I’m out of most of my bearish positions now. Durn it. Lost all the profits I made two weeks ago.
Well, my bearish posture last week resulted in a lot of small losses. I’m still holding onto the profits from the week before, but it’s been painful.
Looking at the charts for this week, though, I can’t see any reason to be bullish. The upwards movement on many charts look a lot like a bear flag [...]
Had some of my bearish positions stopped out today – all of which were NICELY profitable. My Bank of America (BAC) trade was the best – contracts purchased at 0.89 and sold for 2.41. After transaction costs, it still came out to something like 130% profits in two weeks. Boy, wouldn’t I love to make [...]
Okay, I admit it – I take perverse pleasure in making money on stocks tanking.
Last week’s big win was PALM – and it was probably my best trade (percentage-wise) I’ve made thus far in my short trading career. Almost 200% gains in ten days. I bought november puts on October 19th for $1.10, took half [...]