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I Look For You Pain
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I Look For You Pain

by The MoleOctober 14, 2016

I’ve been looking for you! Come on in! Have a seat! That’s right, I look for you, so I can kick your mother&@% .a$$. You don’t look for me – I’m looking for you! So drag your ass on over here. Let’s be friends mother*@&, sit down, make yourself comfortable and stay a while. Because I ain’t leaving!2016-10-14_spoos_update

Yes, it’s going to suck for a while, and then it’s probably going to suck even more. Embrace the pain!! Because that is what we do – that is who we are. We show up for work. We look for setups. We take the setups. We don’t ask questions. We don’t care what the news says, we don’t care what anyone else says, and we most definitely fade the rumors. All we care about are our charts. And if the chart tells us to take a setup – we f*&@^ do it. There is no over thinking this and most important of all: WE DON’T BITCH OR COMPLAIN when things don’t go our way.

Stick By The Script

Alright, I hope that’s enough pep talk to reset your whiney disposition for a week or two. Look, while everyone has been losing their butts we’ve been kicking a$$ and taking numbers, picking setups like a runny nose. The fact that the bots are banging the tape all over the place tells us that this is a highly defensible position. It’s an inflection point. Which means we need to pay attention. This is not the time to screw around.

I Mean It

What it doesn’t mean however is that we blindly jump in or out of trades. No sirreee. We are stainless steel rats and we always play the game by the rules. Whatever your trading rules are – stick by them. Which is why over the long term the odds are in our favor.

2016-10-13_zero

I expect to be stopped out here but decided to stick with my current short position due to the increase in volatility and utter lack of participation on the way up yesterday. Which of course doesn’t mean we drop from here but technically speaking we are weaker than two days ago and this is an awesome LKGB setup until it ain’t.

No other setups for this week, I’m happy to embrace the pain but I’m not going to push myself over the limit. I see you guys at the gym or I see you Monday! 


About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at various social media waterholes below.
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • randomuser6789

    Where does GG get this stuff.
    These are all selfies, aren’t they?

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    that was me a few years ago.

    Now I’m ripped thanks to Mole’s 90 day workout video.
    😉

    http://maikwiedenbach.com/wp-content/uploads/2013/02/muscle-rat.jpg

  • http://evilspeculator.com Sir Mole III

    LOL

  • kim

    goodbye my nice short from spx 2167…

  • Tomcat

    Come on GG, you can do it

  • kim

    added new one 2146

  • kim

    and gone…enough for this week, bye everyone 🙂

  • Mark Shinnick

    Ok. Well my ruthless simple, direct plan is short term recon, then re-deploy the short campaign on my terms.

  • http://greenlander1.blogspot.com/ Greenlander

    Trimmed off NUGT/ GLD at break even. Will prob add GLD (but not NUGT) long EOD if today print’s another small candle.

  • http://greenlander1.blogspot.com/ Greenlander

    If next week there’s a big gap down and a small range day, I will be a buyer. Had some VXX puts from yesterday and good chance I sell them unless SPY closes solidly

  • Mark Shinnick

    Ok, so began new deployment.

  • Tomcat

    I get the “ripped” but what about the tan???

  • kudra

    unloaded DUST for approx. 1.5% profit. was behind on the trade; got bailed out today. Grabbed some TZA today too but sold most of it too fast.

  • Mark Shinnick

    Not too late tza if this is a real deal move and all this stuff the past week becomes silly noise. Big if, of course ;/ I’m tza at the moment.

  • kudra

    of course, now that i’ve unloaded all but 250 shares of DUST, it takes off.

  • Mark Shinnick

    Well…you must be getting close to something with timing of some sort so good 🙂

  • kudra

    work in progress.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • kim

    I was pissed off and reentered… looking good 🙂

  • Ladywandering

    I think the Zero is stuck

  • kudra

    surprised you didn’t take th exit ramp yesterday after GDX $24 failed.

  • Mark Shinnick

    Looks like some support incoming watch out. Real cluster fuck around here.

  • kudra

    This market is stuck.

  • Ladywandering

    haha you are so right

  • ZigZag

    yeah the zero is stuck

  • Mark Shinnick
  • http://greenlander1.blogspot.com/ Greenlander

    Yeh missed that. Downside of working full time and trading these fast vehicles

  • http://greenlander1.blogspot.com/ Greenlander

    Im thinking the same w NUGT lol

  • http://greenlander1.blogspot.com/ Greenlander

    Good chance I re-enter GLD long at close

  • Tomcat

    OK, going long doctor copper…here take my money

  • http://evilspeculator.com Sir Mole III

    Shit – I was out and about. I’ll fix it now.

  • http://evilspeculator.com Sir Mole III

    SORRY GUYS – seems the uploader crashed while I was out. Didn’t miss much apparently.

  • Mark Shinnick

    People are no doubt getting progressively sicker of this equity BS and are becoming attracted into rising rates. Established Companies haven’t needed to sell stocks anyway, especially when they can issue bonds.

  • http://greenlander1.blogspot.com/ Greenlander

    Took a pass on GLD. Watching for now

  • http://evilspeculator.com Sir Mole III