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market report today

Markets down, I lost some money today, but opportunities where everywhere. Back in California and I have to get used to waking up at 5 am to tackle pre market, going to take a while. Regardless here is what I saw.

got out of CEMP as it started to crash, I didnt update my stop, since I dont like using trailing stops too much, and ended up selling at small loss, the stock hit a low of 13.5 then rebounded. I looked at chart again, and decided to leave it alone, was planing for quick 70 cents to 1 dollar profit, which i nearly had, but the tumultous market today didnt let me seal the deal.

MSTX and ISR. Wow just WoW. all these sub 1 Biotechs are running on symptahy from RNN, I didnt have the balls to play them, even though I found out about them at around .7. ISR went to 1 and MSTX to .88, amazing money to be made, but since they were up 40% I just didnt want to play them, I have to learn to take risks in situations like these, espcially in Biotechs with strong symapthy plays and unsual volume, they can make extreme moves easily.

Markets in general cracked today, I think they will continue to crack. They just havent consolidated in a while and the run up has to be maintained. Also fears of tapering and jobs abound. Normally I dont focus too much on fundamentals, but this time the charts tell the story, and on top of that the market isn't that comfortable yet.

Chinese stocks and commodities seem to be the best place to put money in atm, Markets are consdolidating, but still near all time high.

Me? I'm a strategist

On SEBASTIAN MARSHALL

If you asked me what I do, I'd probably give you a nondescript answer and get on to more interesting topics. Fact is, I "do" a lot of different things. This whole "What do you do?" question is a relic from an earlier era, before it was possible to "do" 30 different things. I am not salaried, so I work on my professional, personal, family, and global objectives each day. A little business, a little reading, a little history, a little art, a little self-discipline, a little philosophy, a little technology, a lot of different things.

But if you had to nail me down to three words, I'd say, "I'm a strategist." Nine words? "I'm a strategist. I figure out how to win." 15 words? “I’m a strategist. I figure out what is winning, and then how to get there.”

The first part of strategy is answering the question, "What is winning? What are even working towards? What are our highest level objectives, and why do we have them?" This is typically known as grand strategy.

Grand strategy is figuring out what the goals of an organization or a solo person ought to be. Arguably, this is the hardest part of strategy, because there is no right or wrong answer. It's subjective. And if you work on the wrong stuff, it doesn't matter how good of a job you do at it.

That's worth saying again. It doesn't matter how good of a job you do bringing your vision to reality if your vision was poorly chosen.

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