Even God Is Long

stairway to heaven 300x225 Even God Is Long

I sold many things on Friday starting at about 3PM. Am I bearish? Not at all, but I get paid to monetize my positions and try to perform. When you take 9 points out of AMZN in day and half, and 10 to 15% returns in four or five days in stocks like FTK, REDF, MHR & IDT, discipline (right or wrong) tells me to take some off. Is it getting frothy? Yes. Does that mean it won’t get more frothy? No, but I sleep better knowing I took profits, reduced size and raised stops. Stocks are like taxi’s, another one always comes by in five or ten minutes.

As a trader, when you are on a run and you start to sell it can be depressing, I think endorphins retreat or something as it kind of feels like the last day of a great vacation. Many traders fail miserably in the weeks following the type of run we’ve had, as invincibility and a teflon mentality kick in. Remember that your not that good, the market was just on fire. I’m still net long, but smaller. Hope you had a great week and month.

To request performance please email me at upsidetrader@gmail.com

Here are some links that I enjoyed reading and have a great weekend.

Blankfein’s driver is the best gig on wall Street.

A major “get” for Stocktwits.

Home modifications were a massive failure.

What is hot or not.

Don’t drink the cool aid, the next crisis will of course involve the financials.

Sitting around with “The Hef”

Grace Potter: Rocks new “it” girl.

The Hangover 2 trailer, looks hysterical.

Ghadaffi’s daughter goes rogue.

Microsoft’s odd couple, Gates and Allen

Southpark goes Broadway and the reviews are pretty good.


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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