No changes this week.
BHP Billiton Should Fall Below the 2016 Low
Every fellow Idiot Waver has been watching BHP Billiton $BHP for many weeks now, waiting for a good spot to get short. Those who got short on the reversal in early October were shaken out by the post-election surge, but that set up an even better entry: short below $37.40 (protective stop at $40.xx). This is a weekly chart, a very long-term set-up, if it works out it will take *months* to do so, not a "day trade."
What's important about the whole play is how it shapes your thinking towards industrial metals, Australia, China, Brazil, currencies, The Donald playing a completely unsuitable (and potentially catastrophic) role, etc. You don't need to take the trade, just keep it in the back of your mind.
click to enlarge, (get a bigger monitor, dummy)
ETF Trading Portfolio Update -- December 19, 2016
No changes this week....
Al McDermott
Discovered via @zerobeta's Spotify ... sound quality is poor but I like the song and this girl (she's 21) has something special, other than the pale blue eyes (watch this interview). Signed by Columbia so they must see what I do.
ETF Trading Portfolio Update -- December 12, 2016
My Sheets Are Satin But My Mind's A Mess
No live version so I'm forced to embed this. Discovered via Spotify. Sounds Elvis Costello-ish to me, but those are very dark lyrics (which I like).
ETF Trading Portfolio Update -- December 5, 2016
No changes this week.
Idiot Wave Frustrations in Tesla
Tesla (TSLA) looks like a long to me now, from an Idiot Wave perspective. Seeing the current chart reminded me of the last time I thought Tesla looked like a long: December 19, 2014. That trade resulted in a ~$30 loss. Then on January 23, 2015, I thought it set up again. That trade also resulted in a ~$30 loss. Finally on March 31, 2015, I thought it set up again. That trade (entered in early April) resulted in an ~$80 gain, for a net gain over the three trades of ~$20 (less commissions, taxes, and my sanity).
See why I call it the Idiot Wave?
Click to enlarge, get a bigger monitor, dummy
ETF Trading Portfolio Update -- November 28, 2016
Reversing the last of my election-time whipsaws.
No Limit Hold'em Poker Tournaments Near Me
del Lago Poker Room -- Tyre, NY (less than an hour drive, totally acceptable)
- 10 table poker room coming next February, they say
Tioga Downs Poker Room -- Nichols, NY (1 hour drive, acceptable)
- 12 table poker room opened December 2, 2016
Turning Stone Poker Room -- Verona, NY (1½ hour drive, semi-acceptable)
- Weekly Tournament Schedule (pdf)
- Weekdays: Noon & 7PM ... Buy-in $90-$105;
- Weekends 11AM & 4PM ... Buy-in $90-$155;
- Tue/Thu 8:30PM ... Buy-in $15 cheapie
- Saturday Night Tournament (pdf) 7PM $100 (prize pool) + $25 fees
- First Sunday Monthly Bounty Tournament (pdf) 11AM Buy-in $230 = $150 (prize pool) +$30 (fees) + $50 bounty
- Third Sunday Monthly Bounty Tournament (pdf) 11AM Buy-in $330 = $200 (prize pool) +$30 (fees) + $100 bounty
Mohegan Sun Pocono Poker Room -- Plains Township, PA (2¼ hour drive, borderline crazy)
Seneca Salamanca Poker Room -- Salamanca, NY (near Bradford, PA) (2½ hour drive, crazy)
- Daily Tournaments (can't make head or tail of that, honestly ... this helps)
Seneca Niagara Poker Room -- Niagara Falls, NY (3 hour drive, really crazy)
Parx Casino Poker Room -- Bensalem, PA (4 hour drive, totally crazy)
- Looks like they have only one no limit hold'em tournament daily (different stakes every day), that's it.