Sometimes Less Is More... AAPL
One day a young ambitious pleb, clad in burlap hoodie with holes in it, on his journey seeking copious riches on the streets of Wall, came to the banks of a wide river. Staring hopelessly at the great obstacle before him, he pondered for hours on just how to cross such a egregious barrier.
Just as he was about to give up his pursuit to continue his journey, like the little bitch that he was, he saw a great teacher on the other side of the river, lurking in the tall grass waiting for a zebra to walk by.
The young pleb yells over to the great teacher, “Oh wise exalted one, can you tell me how to get to the other side of this river”?
The great teacher ponders for a moment looks up and down the river whilst taking another sip of his hot cup of Earl Grey, flicks his blunt into the river, and yells back, "Hey fuckface, you ARE on the other side!”.
One of the hardest traits to learn as a trader has been patience, especially when trading AAPL. I know of no one who has traded it, that hasn't went through the same shit: they figured he or she was a fucking genius and had AAPL all figured out with some new fucktarded strategy; and after a huge rip, "locked in some profits", selling it prematurely on some morning weakness; only to watch it rip the fuck higher, 1998 tech bubble-style, then chase it in spite because they "missed the move up", and buy it back higher and watch it knife down on a 15% correction again.
Today I am opting to sit on my hands and join the wise teacher in the tall grass and wait for zebras.
But if you insist on trading every fucking day like a degenerate OTB guy at the Fitz in Reno, here's what you may want to know:AAPL will correct as it always does but never forget it has room to run with a product release come Sept.12th.
And, ALWAYS give those options guys their due respect. They are the market movers. I expect AAPL to trade in the nice neat little pocket of $650-$670 today despite your fucktarded strategy telling you it'll go higher or lower.
Good Morning and good luck with all your trades.