A daily chronicle of results of one retail futures trader trading my own accounts. I define myself as a day trader and generally swing for at least a few points most of the time. But I do make the occasional scalp for ticks too.
Tuesday, February 28, 2012
Inner Spock
1:45pm CST - Why are the simplest things the hardest to program? I'm making slow progress in learning NinjaScript Strategy coding but I need to channel my inner Spock!
A colleague of mine bought GE around $40 a share back in 2008, he was confident in the stock because Buffett bought a bunch of shares of it. The logic makes since, buying the same stock Buffett buys, Buffett being the ultra successful business magnate/investor.
What my colleague failed to understand was that a savvy investor like Buffett protects himself with some sweet options deals that would make him a big winner despite GE going as low as $6.
A colleague of mine bought GE around $40 a share back in 2008, he was confident in the stock because Buffett bought a bunch of shares of it. The logic makes since, buying the same stock Buffett buys, Buffett being the ultra successful business magnate/investor.
ReplyDeleteWhat my colleague failed to understand was that a savvy investor like Buffett protects himself with some sweet options deals that would make him a big winner despite GE going as low as $6.
I wonder if that guy is still holding on to GE?
I wish I had bought GE at $6 and Citibank at $1! Hindsight...
ReplyDelete