Out GPRO $45.35. +.55 Moving into congestion. I am happy.
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1000 shares this time. Lotta my action is on margin usually.
$500 net is a good nick for me. A scalp here and there - several trades a day - close out all positions end of day and I am happy.
I don't win em all.
I have been pleased that this summer has still provided a lot of action to be gamed. It often is so slow that I really get stressed out looking for trades that aren't there.
This trade was pretty conservative - I wish I had the courage to let it run. I just locked up a win and moved on.
GPRO triple top here at $45.75. This animal is really interesting. Chaps mentioned the growing short interest. That is setting up a monster squeeze to hurt those folks and shake them out.
Gonna be a good battle.
One more post and I promise I'll stop.
GPRO closed $46.31 It touched a high of $45.80 approx several times today. In the 9th inning today it blew past that number.
Chaps mentioned the growing short interest (doubled). Folks betting GPRO misses or has a bad forecast Thurs.
Q: What's the best way to fuck with them and make them lose money - NOW?
A: Run the price up at the end of the day. What a way to ruin a guys night? Move the price against his bet. Do it in a sudden and big way. Make it hurt. The poor fuckers give up and buy to cover which is more buying and the price moves more.
A short squeeze. Anyway, that's what I think I saw.
I scalped a little off of the $45.80 break.
Invest in TYDE. TYDE is a Mexico ADR that is breaking out right now. Could hit 8 year highs. Earnings call on Sunday.
GPRO squeezing pretty good, hit 48.
edit: WWE reacted nicely to it's ER, faded a bit tho. Still looking good overall, imo.
Oh the pain.
The conspiracy theorist in me says GPRO misses and this is just a mammoth squeeze-eroo.
I had a meeting this morning and was dying as I watched it break 36.00 on my phone. Look at that volume at that point. You can just feel the panic.
Great entertainment value.
Went to meeting about FaceBook marketing. Rapportive & Connect 6 just the beginning of creepy FaceBook "surveillance" & targeting. But wicked cool shite.
I still have never done FaceBook and am in fucking crisis mode cause I feel like I have so much equity vs others in still being dark.
I think I got a glimpse into how the cool kids can so easily Dox you. I kinda knew all along but I never knew the tools were so powerful.
But it is hard to play the FB game unless your in.
Edit:
Funny Twitter app:
LIVESON
Tag line: When your heart stops beating, you'll keep tweeting. Welcome to your social after life.
It's an app that generates a digital "twin" that will learn your preferences in life so that it can eventually impersonate you in death.
They guided well above expectations. Revenues rose, costs fell. I just don't get wall street reactions sometimes.
GPRO
The hardware and software solutions company reported a second quarter net loss of -$19.8 million, or -24 cents per share, greater than the -$5.1 million loss, or -6 cents per share, a year ago.
Lost more money on increased sales.
However, I think we both don't really give a shit about fundamentals. We know that there is very often a disconnect between any given days price and fundamentals. They move the price around for their own purpose.
Diane Sawyer told me tonight the Dow fell 300 points because traders woke up fearing a Fed rate hike. Thanks ABC.
Russia, Ukraine, strong dollar, pending American League World Series win - nonsense. All this shit didn't just happen today. It's just shifting emotions, and fib retracement.
Some days, bad news is ignored and other days bad news is just bad news.
Don't think. Just trade what you see.
You want action DJ?
God I hate social media stocks. And I love bubbles.
Look at TWTR. Do we have gaps to fill? We are due for a retracement up so I am not completely sure about this.
6 month daily
5 minute
August $45.00 Put bid $2.41. Ask 2.54
We gonna drill the daily???? Wish it would bounce first
Fuck, I am in at 2.56
Fetal position
While it did drill this is a bad trade. The chart already had 3 legs down. Due for retracement. I just couldn't help trading the breach of daily low.
I need someone to report seeing Stukas over Disney on Twitter.
you see go pro today?
Oh yeah. I shorted when it broke 42 and covered @ 40.80 when it bounced off daily low.
I missed the big dump off the days high. I just couldn't find a clear set up.
I thought TWTR was just more interesting to post cause it has a huge gap. (between $38-44) Stocks love to fill gaps.
The prop trader Chaps would appreciate the gap.
Nice run in WWE today. Not sure what to make of that afterhours trade, prolly nothing.
Without much of a squeeze off that gap up, I am leaning towards TWTR fading and filling.
Is this prop firm looking for $5000 before you can trade?
What a fucking day.
Big time tick & trin.
Can't believe the action for late July early August
Naw, zero risk. You started out at 35% commish, roughly 35k buying power (I got up to .5 mil). 100 lots at first which increased based upon success (I got up to 2k shares). When "hired" you were a "junior/student equity trader", and your goal was to net $2k in a month, which would then "graduate" you to full trader status (and mush looser risk allowance). I was a virtual virgin to the stock markets, and completely green to day trading. My first day live on the trading floor was 2 days after the October 08 crash. It was a tough time to grind with the firms newb structure. They wanted us trading yawners like Ford, Fannie n Freddie (penny stocks by the time i'd first trade them), the usual top ten actives....i prefered the stocks that were taking wild rides (intraday) at the time, like my old favorite Goldman (boss loved me when i had good days on GS, secretly hated me when i got beat up by it lol).
I was hired to trade nothing but NYSE symbols and the /ES, they also had a TSX side(and then also TSX:V). Once you passed thru as a NYSE trader you could then buy your own entitlements to trade NSDQ, AMEX etc
I have a GED and got hired over geeks with degrees (one MBA in my round of hiring, SICK BRAG? gay), based on my background in poker, and the fact that i made their lil math/speed test look silly. It is 100% true that education is not a factor in breeding a trader.
TLDR, i want to go back so bad or find a new gig, half the office was chinese, kitchen smelled amazing as a result. I BOMBED OUT IN THE END, I WAS JUST TOO GREEN FOR MY OWN GOOD.
I wish the new management would throw this dog a bone, I am def ready to go at it again full time and start banking.
US Government: LinkedIn Agreed To Pay $6 Million In Overtime Wages To Hundreds Of Employees
http://www.businessinsider.com/linke...e-wages-2014-8
Made me think of FuckedCompany.com during the dot com bubble. RIP does anyone remember the site?
Wiki nails it
Fucked Company allowed employees to post anonymous comments on why their employer was losing money, had abused employees, was discriminating against some group, identifying unethical managers and defective products or services by name. Employees were free to explain why they thought the companies were going out of business.
The posts were transcendent. It was a golden age. Every night guys would post about the absolute fraud the outfit they were working for was. Flooz.com, DEC, pets.com, Broadcast.com were funny as I recall.
What I would give to read the inside cynicism regarding this new social media bubble.
GPRO Poster child for late stage social media IPO testing limits of stupid investors. Pets.com with cameras. Hilarious. The employees gotta be pissing themselves.
Except the P/L never reflects the huge equity being doled out to these same early employees.
Putin has made my summer. Shut off the gas to Germany and we will pinwheel around til September.
WWE on the move. I won't be "closing" that recommendation for a while.
Just looking at stuff.
Casino stocks got hammered today. Big negative volume and bad candles. Yikes
They gapped down in the morning on bad Macau numbers last night. GG GL
The Sands is colossally fucked up.
MGM
Sands
Wynn
Druff's pal Caesars is a train wreck too.
LVS Sands gives up another $1.80
Sands Casino 1996
Social media penny stock ZNGA Zynga getting hit after hours.
This social media nonsense was helping to prop up mkt. kill them all
Follow up. Made a little off the casinos today. I am done with them.
LVS Sands short when it broke $66.70 @ noon. covered $66.20. Morning downdraft was too quick for me. +.50
MGM short when it broke $24.90 @11am. Covered $24.60 @ 1:30p. +.30
Wynn short $196.85 covered $195.10. +1.75 big dollars in play but that was the purest setup all day
We are gonna bounce tomorrow. Feels like a gap up that will be hard to trade. Prolly a trap. I am usually flat but I took a few including Chap's GPRO for a swing trade.
We will see. Violating the rule about closing all positions EOD will probably result in a beating. I will assume the position.
Dang, that's real low on ZNGA. Will have to take a closer look. Used to be a fan. Will try not to force a recommendation out of it lol.
Went out to watch some football & baseball and have a few drinks with the boys.
Come back home with a nice buzz and a full belly.
Learn WWIII is declared the one night I go long.
VIX spiked. Oil gold up. Futures down. Treasures rallying. Every world market tanking.
FML.
Thx Badguy
So I stubbornly held GPRO since Aug 8th for a swing. Thinking short squeeze. This tied up that money that shoulda been working. Don't be afraid to book a loss, right? That is how you stay in the game. However, I have been mystified and stuck it out.
Dow moves up 500 points in the meantime so obv there were better spots. I suck.
So, having been shown I don't know what the fuck is going on here I booked this as it moves into congestion. It's prolly done for today.
In $38.60 out $39.35. Net .75.
lol CZR wild ride off that low from a few days ago.
GALT looks interesting after bleeding off for a while.
You sure do love the underdog. Love to see your stock screener. WWE was great.
Problem is that was the move. Both nearing congestion.
CZR is so fucked up that people celebrate the fact they got a payday loan.
They still have the Atlantic City mess. Not that I trade the news.
There once was a lady from Reno,
who lost all her cash playing keno,
so she laid on her back,
opened her crack,
and now she owns the casino.
Don't trade CZR what you're essentially betting on is how much of a hit is Apollo willing to take on a restructuring. Trust me, that's a gamble you shouldn't wanna take.
Buy long puts greater than 6month, and lomg > 1y cds. OpCo will file, it's only a matter of how and when
I wish the new management would throw this dog a bone, I am def ready to go at it again full time and start banking.
Probably not pal. Stick to watching the Wall Street movie and dream. This is the movie that stars Michael Douglas and Chuck Sheen, came out like 20 years ago.
Market is poised for a HUGE crash. You best bet is to sit on the sidelines, and focus on some scraps. Given your resume in a hot market today, you are completely finished. You may have a opportunity if the market crashes though, it will clean out the MBAs and focus on workers. You window is closing, but still open.
Have a nice day.