Market Wrap 11/22/2011 "RETURN OF THE STACHE"

well today is the kind of day that makes u want to rip  ur newts off and give up your man card as no self respecting gentleman can swingtrade through such a hot mess. in the end all you will want to do is eat your own brains(heavily salted)  as its become useless since you cant pinpoint where the action is going. We everything had lined up rather nicely today for a potential bounce.  We had a 4 day drop with oversold conditions, potential turnaround tuesday play, along with our annual Turkey Run.  Yet Mother Market took all of them and drop kicked them in the face with rusted steel toe’d boots. WE made 1 girly attemp around lunchtime  as Bernanke released his weekly  TWISTER to make a run but it failed miserably then the market just grinded lower and lower slowly dutch ovening yourself to death.

I myself had been setup for a most epic day as was very very long LNG at 11.65 buy yesterday and even added more on the morning dip at 12.25.  Yet as that stock was attempting to break 12.9s I found myself glee and looking for an epic homerun especially after such wins like PEIX, BIOF last week where i was eating 50% gains…..I really wanted to go for it!  BIG frigging greedy greedy mistake as I watched it tank all the way back to 12 as I got stopped out.  I preceded to this with every stock I bought yoku, zlc all sorts of crap.  This is the problem with trading it becomes basically a video game after a while. 2.5 years ago my goal was to make 500 bucks a day then after a while even making 500 dollars a trade doesnt interest you.  You numb yourself  as it just becomes a giant game…especially for me Im indian so i live cheap I really dont even have any use for a lot of money I need a few grand for bar bills a month and Im usually good to go.

WELL THIS IS GOING TO CHANGE.  IM GOING back to full ON RAPIST mode.  I have cut the goatee and going old school PORNO STACHE style.  I will keep this creepy stache till i fix my greedy indian ways.  Tomorrow is a new day…i plan on spending no time with my family or friends I will be trading and Doing so in a fantastically reckless and profitable manner.

p.s. I went through over a 1000 charts they all suck… not a single one looks great.  usually thats when we get a bounce.

………………..RETURN OF THE FUCKING STACHE