working for peanuts...
...wow man, what a P.I.T.A. bread falafel flat-sandwich market this is.
well, I was "lucky" I guess :-/ ...gotta bunch of little scalps this week ~ but I swear Berney I'm going even more bald scalping {grin} workin' my ass off, making dead cat splat trades, trying to hit-and-run; biggest winner ~ my dead cat splat on AOL, else a bunch of fractionals and a few bones.
I felt compelled to get down and intra-day-trade with y'all because my CorpBONDs are decaying... these pizza-tip trades are in effect "preserving kapital" ~ the only 'exit' in this environment is what, commodities but I'm already fully allocated there with my PCL - Timber / LB02H - Lumber, and I'm unwilling to go any heavier into commodities just to hedge USD/kapital decay.
As I close my trading-book for the week, tallying it all up, given decay in BONDs + trading gains ~ I'm barely able to eke out a few bucks. Mebbe any gain looks good in this deflationary environment, I dunno ...but it (long-side trading in the tax-deferred account) sure is a LOT of work, Berney.
_
if (in the immortal words of Peggy Lee) "this is all there is", then I'm gonna switch from TraderBerney - like, big-block long stock positions + in-the-money CCALL exits in the tax-deferred account...
...to in-the-money options trading in the taxable account. Seems to me, that's the only way to make any decent dough when the UpWaves and DownWaves are so damn puny. I mean, IMHO the short duration surf is there, Dude ~ it's just friggin' pathetic in amplitude!
mebbe next week will be better; at least we'll have some options flux undercurrent... feel like we're trying to surf the waves in a damn LAKE (^_^)
...and this LAKE has got a lot of old BALANCE SHEET = B.S. land mines floatin' around! So how're you doin' ?
-Steve |
