Want to Know a Secret?

Don't let anyone know this, because it could unhinge the fabric of the stock market - BUT - the douchebags can predict, almost to the penny, when a stock will reverse and sometimes the entire market.  I don't mean with a few cents or a few minutes.  I mean right to the very &%$#*@ SECOND it is going to happen.

Let's take Wade's trades today as an example.  About 1-3 milliseconds after buying PUTS on ICE and CTRP, the market (and the options) immediatly began moving up.  IMMEDIATELY - was not in the money for even 1 second!

Seems impossible?  Happens just about daily here.  Wade thinks we should institute a 90 second delay rule.  Wait ninety seconds before placing any trade you are about to make.  Tait thinks it should be a 15 minute rule.  Our fellow douchebag trader Jeff thinks we just shouldn't trade at all - probably the smart option.

WADE BOUGHT - 3 ICE $90 PUTS (AUG) at $7.60 - STILL HOLDING

WADE BOUGHT - 2 CTRP $45 PUTS (AUG) at $4.00 - STILL HOLDING

WADE STILL HOLDS - 12 JRCC $15 CALLS (AUG) at $2.05 (KILLING IT)

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DOUCHE OF THE DAY - Tait - for not getting Wade his trade results - probably got destroyed.

PUNCH IN THE FACE OF THE DAY - Fast Money for pimping ICE.

QUOTE OF THE DAY - Wade "I shouldn't be allowed to trade.  All trading sites should automatically block any transaction coming from anybody named Wade."

Comments

[Jeff]

Allow me to formally introduce myself, since Wade didn't. I'm the 3rd stooge here among the Douches. I make the same lame mistakes these 2 douches make. I couldn't watch the market close today, so I put in a limit order to sell my 14 contracts of UNG Aug $13 calls before the open at $.80. Now what do you think UNG did today? Can you say buy signal? I knew you could. Douche move.

[joe]

bwahahahaha! I have the same miraculous ability. It's a Gift from God.

[jay]

Great site! I will link you up to my blog. Thanks for the good laugh. I didn't have a great trading week, but I do make the same mistakes and that helps to know I am a douchebag too.

Jay

www.tradingwiththeaveragejay.blogspot.com