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My name is Jeff Kohler, and I am an Option Addict. I make money in the options market. Don't believe me? Watch me.

 

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Negativity

So I happened to read a few of the comments that came in this morning, and I stumbled across "the one" that created a little controversy here this morning. I figured I would spell a few things out here this morning and clear the air, so to speak.

I hate negativity. Especially in trading. There is no room for it, and once you let it in, it effects your results. It effects those around you and it never leaves you. Each time we have a situation like this, I try to dismiss it immediately. There is no room for it here.

For all of those who contribute, lurk, stop by, stalk, or camp out here on the blog, thank you. You all know that this is "Jeff's trading blog." This is my personal space to talk about whatever I want. This page has no outside affiliation with any organization, company, broker dealer, etc. Simply put, this is me.

My motivation in keeping up this site was to talk about trading. It was helpful to me to write about various topics, document trades, review strategies etc so that I could stay on top of my game, and try to help others. The formula here is such that the number of daily hits here rivals many prestigious blogs. Why?

I do not give trade specifics. There is a calculated reason behind why I do this. I don't want to trade for anyone else. If I did, I would be employed by a hedge fund, not an Investor Education company. If I sat here and ranted all day long about how much money I make, or how well I do in the market, who would want to read that? I have never advised anyone to take or not take a trade here, but I share the stocks on my radar, I am somewhat vocal about what I am trading, and I leave everything else out there for you to decide. I try to help people see what I see, and learn how I trade, rather than just leave my receipts and have everyone follow my lead.

I cannot comment on the motivation of people visiting this site daily, because I know that there is quite a mix. Even the traders that are here for a free meal, still need to figure out what to do with the stock being discussed. There is still a lot that the trader needs to determine to take that trade, to know when to exit, and how to manage risk. My archives have been the answer since all of my recipes are documented here in this blog. Again, that is my motivation...to leave clues of my trading successes & failures.

I get visits from all types of traders and the last thing we need here is negativity. I welcome any trader no matter their experience or background. I like the fact that we all have this element in common. There are traders that have made money and lost money. Those that are nervous and those that are confident. Do not make any attacks on these people. The last thing we need here is to point any fingers at anyone except me. I know the natural defense mechanism when you are getting clobbered in the market is to point fingers, but don't do it here. This is my blog, and I harvest a community, not hostile environment.

If you want to point a finger, click here. I mean it with the utmost respect.

Recommendation: Can we get back to work please?

Long: Positive attitudes

Short: Negativity

Reader Comments (103)

GS has resumed the uptrend and could offer a nice entry point for anyone bullish.

Gary
Wed, May 9, 2007 at 11:33AM | Unregistered CommenterGary D
I gotta be honest here, I had imagined a totally different response with the first comment left on this post.

I like how quickly we move on!
Wed, May 9, 2007 at 11:38AM | Unregistered CommenterJeff Kohler
An thoughts about the fed announcement due out soon?

More importantly, thoughts on how the market will react?

I'm personally hoping for a big move. The direction doesn't really matter, I'm setup in both directions...this time.
Wed, May 9, 2007 at 11:52AM | Unregistered CommenterStrat
Jeff, as you were saying how this blog is a reflection of you, I saw the goofy looking dude in the upper right hand corner of my screen and kept laughing every time I read the works “me” or “my.”

The biggest laugh was the Jersey State Bird!

Thank you!

I’m not concerned about what the Fed is going to say. What could they really say that we as traders don’t already know? For some reason, I don’t see much of a move in either direction. Maybe because I too, like Strat, am set up for an up tick or down turn and am properly positioned. Bring it on!
Wed, May 9, 2007 at 12:04PM | Unregistered CommenterJohn Logan
Dang, these price movements after the announcement are just crazy....
Wed, May 9, 2007 at 12:24PM | Unregistered CommenterBob Raimo
which way will i go , which way will i go....
Wed, May 9, 2007 at 12:25PM | Unregistered CommenterBob Raimo
Its fun to watch irrational behavior.
Wed, May 9, 2007 at 12:31PM | Unregistered CommenterJohn Logan
Apparently nowhere.

I almost strangled (the trading strategy that is) the SPY before the announcement. Now I'm glad I didn't pull the trigger.

I was secretly hoping for an all time high on the S&P today.

Joel R.
California
Wed, May 9, 2007 at 12:34PM | Unregistered CommenterAnonymous
John,

Are you referring to my artwork, or disgruntled traders?

;)

Jeff
Wed, May 9, 2007 at 12:36PM | Unregistered CommenterJeff Kohler
For the first time, I was prepared for the announcement. Like Strat and John, I was ready for anything. Thanks for the reminders to properly size my trades and stay diversified.

Amy
Long: BNI, ARW, TSO, and MSM
Short: PFCB
Wed, May 9, 2007 at 12:38PM | Unregistered CommenterAmy
This post has been removed by the author.
Wed, May 9, 2007 at 12:38PM | Unregistered CommenterBrett
Jeff,I totally agree with what you wrote.I work in RealEstate and know
how unproductive and poisonous negativity can be in work and in life.Your words have never been truer.Thank you for sharing your views, experience and guidance.
I'm POSITIVELY greatful
Wed, May 9, 2007 at 12:41PM | Unregistered CommenterAnonymous
Jeff

Venting sometimes helps, glad to see you've moved on as well.

Everyone has their reasons for coming here. I suspect I'm in the majority group.

I come here to try and become better at trading.

I'm still down in my initial investment account. But I'm clawing my way back slowly.

I just wanted to say thanks.

I find what you're doing here to be incredibly generous. And more help than you know, to those of us out here still working hard to become successful.

As I become better, I hope to eventually contribute to the blog and repay those who have helped me.

Jeff
Wed, May 9, 2007 at 12:54PM | Unregistered CommenterJeff Mossman
I have to say ... the artwork/pictures on this site are certainly worth the trip.

Thanks for your post Jeff K.... I was over it earlier today ... You slam dunked it ... (in honor of GState :) Thanks for that! You have 100% support FOR the positive from this OA!
Wed, May 9, 2007 at 01:05PM | Unregistered CommenterBenton
Jeff, Bob S, and everyone else..

I don't think Bob S. had intent to be negative. He was merely raising a point, and for some, it may be accurate, for others, not so.

He did not offend me. A new trader myself (almost 2 years), I like the blog for the interaction, tips, extra eyes, Bretts jokes and Jeffs silly pictures. And though I can, and do, pick my own stocks to trade, I'll take advantage of any advice, any tip, any edge I can get regradless of how in-experienced or experienced I am when compared to others here.

It's all good stuff, especially GS......
Wed, May 9, 2007 at 01:07PM | Unregistered CommenterBob Raimo
Bob R,

You are right. No attack on Bob S here, this is why I didn't use his name at all. I'm more or less trying to attack the idea of bringing it here on the blog. I get a boatload of e-mails and a fair share of personal attacks, I just hate to see it done to each other in this venue.
Wed, May 9, 2007 at 01:19PM | Unregistered CommenterJeff Kohler
We all need to be reminded that this business we are in has only one customer...ourselves. We cannot trade sucessfully with a knife in our back...and if one is there, it is self inserted. If it is self inserted, neither Jeff, Eric, the chair thrower, Tim Knight or anyone else we get tips and ideas from can be blamed if we take an idea and either trade it wrong or it goes south on us.
IE., Don't piss Jeff off so much that he has to write an epistle and skip the charts!
Regards
Don
Wed, May 9, 2007 at 01:20PM | Unregistered CommenterDon Vogel
Jeff,

If you are asking what I am referencing with the Jersey State Bird, it would be the link to the artwork.

Some puts today got an unneeded boost from the afternoon rally. Specifically, AVY. Although, since it has moved slightly up and more sideways since breaking out of the descending triangle, today’s action puts it right at the horizontal resistance that was created by the descending triangle. I can give it one more days or will it be out with the old, in with the new… Oh, the internal debate. Does anyone else see the price action and today’s volume as a pattern breakdown?
Wed, May 9, 2007 at 01:20PM | Unregistered CommenterJohn Logan
I meant downsloping resistance on AVY...
Wed, May 9, 2007 at 01:21PM | Unregistered CommenterJohn Logan
ACI AND AMX are moving
Wed, May 9, 2007 at 01:29PM | Unregistered CommenterDavidS

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