Yunderson Labs
  • yunderson labs
  • the yunderblog
  • #FTTF
  • #yundertainment
  • #yunderbooks
  • #bap is life
  • #yunderMOBILES
  • politics
  • NSFW
  • portfolio + partners
  • about me

blood red friday

8/22/2015

1 Comment

 
Picture
That massive spike down last Oct 2014 was amazing!
I'm writing this one at ~1am EDT on Saturday, August 22.  So today was Friday.  And the stock market decided once again to take a BIG FAT HUGE SHIT ALL OVER THE PLACE.  Second day in a row in the red.  And it coincides with me being on PTO. How come the market always seems to do crazy shit like this when I'm on vacation, and not in 'business mind' mode?

SPXL is one of my favorite issues.  It trades at 3x the S&P500, so you get A LOT MORE ACTION on it than the normal S&P500 index traded ETF.  The same goes for the T Q's as I like to call them: TQQQ.  You get 3x the action on the NASDAQ with that one.  If you can time the market decently, then you can make decent money at trading these two issues.  Of course there are A LOT of people who don't believe you can time the market.  And people used to believe that running a 4min mile was impossible too.  Timing the market takes a ton of work and determination.  And what really sucks is that it costs a lot of money to learn how to time the markets - in all the bad trades you do.  I'm not great at it, but I'm getting better at it with each cycle of the market.  Most of my learnings have been from William O'Neil and Investors Business Daily.  His book, How to make money in Stocks is the golden word.

It's a really funny story for me.  I daytraded for a year and lost my ass.  I found that I am too reactive to the micro movements during the day.  I spent too much time learning on bad trades that got me into trouble.  Then I would react to them and it was red, red, red, red, red... all day long, almost every day...  
Well, the past is the past , and as they say when you have failed, I learned a lot.  It turns out I am much better now at swing trading.  I read some of the news.  I listen to even less of the news.  And I trade extremely infrequently.  I follow Leaderboard and the IBD Big Picture as closely as I can, but I don't even follow them that closely.  There is a creature known as TMI and that is very much an issue for me.  As a matter of fact, Dan Zanger* has preached before that just because you are not executing trades, it doesn't mean you are not working (on trading).  Learning from him and IBD + William O'Neil, you MUST be very selective in your trading at all times: discipline.
* his site looks like shit, but he REALLY, REALLY , REALLY knows his stuff.

Apart from the Leaderboard charting service I use, I like to use BigCharts.  They offer a fairly clean charting service.  Very reliable and fast usually.  And it's offered at the very attractive price of FREE.  Which makes it pass the Top Three Buying Criteria with ease.

If you are a trader, the I wish you much luck!
#blackFriday
#bloodRedFriday

1 Comment
dae
8/24/2015 12:32:15 am

wow!!! a 1000pt fall in minutes after the open - blood red monday it is so far on 10:31am.

and i missed it. the TQQQ was a perfect day trade if you had the stomach for it. the day chart shows a crazy spike down on almost everything i follow.

Reply

Your comment will be posted after it is approved.


Leave a Reply.

    Author

    My name is Dae Yu.
    I am an fossil from the Neolithic Stone Age who has adapted to the work style of Millennials.
    I started out with 14.4kbps dial-up  internet connections and X.25 Wide Area Networks.  Now it's all about SIP, MPLS and cloud with FastE and GigE connectivity.

    I am a CCNA, CCDA, and CCSA  specializing 
    in Voice and Data WAN Design, Deployment, 
    and telecom vendor management.

    Available for 
    semi pro bono, limited engagement consulting contracts.

    Archives

    October 2020
    June 2020
    July 2019
    April 2019
    March 2019
    October 2018
    September 2018
    August 2018
    May 2018
    April 2018
    March 2018
    January 2018
    December 2017
    November 2017
    October 2017
    July 2017
    June 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014

    Categories

    All

    RSS Feed

© 2014-2020 Yunderson Labs.  All rights reserved.  All content is my own except for occasionally borrowed images with hyperlinks to their true source and owner.
yunderson labs          

the yunderblog         

#FTTF

#yundertainment

#yunderbooks

#bap is life


#yundermobiles

politics

NSFW


portfolio+partners          

about me
  • yunderson labs
  • the yunderblog
  • #FTTF
  • #yundertainment
  • #yunderbooks
  • #bap is life
  • #yunderMOBILES
  • politics
  • NSFW
  • portfolio + partners
  • about me