TUITION PAID, LESSON LEARNED

 

“DOW30 … welcome to your graduation ceremony!!”

If this Monday of nothingness isn’t one of the worst trading days ever, then I

don’t know where I’ve been for these last decades … ranges so bad it defies

belief … only “Stock Bellies” having any movement.

China overnight plunging, dragging pretty much every market lower … but as we

move closer to New York trading, here come the rallies … and by the time the

criminal NYSE opens for trading and add about an hour, it’s new highs for the day

in the DOW30 … with roughly 2 hours to go until the close, we’re now headed back

to the low of the day … all-in-all, not a very good range day anywhere.

Multiple trades today in DOW30 … PAMM DOWN A HAIR OVER 0.2% … once

again, the algorithm performs exceptionally, and I don’t … “pay market tuition,

get slapped … WTF? … have you learned anything yet? … sure have … do what

you’re supposed to do when you’re supposed to do it, and don’t fuck around

looking for an extra index point … get cute, and get roughed up”.

Like everybody else, now and then I gotta be reminded … and nothing on the

board moves faster than DOW30 … when it goes, it goes … when it decides not

to give that extra point, it won’t … and if you’re a hair late on execution, expect to

get whacked … Paulie & Sil are waiting for you out back! … no worries, onto

tomorrow.

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,

and my own Brinks armored truck” 💓!! … Onward & Upward!! 

-vegas