An Embarrasment of Hops

[Owly055]

It's 9:07 AM, and my work for the day is done.... I made a few hundred in the stock market early in the trading day as I usually do. My workday is typically 1-2 hours, and I trade with an account valued at only about 32K. I'm satisfied with about 1K a week, it's enough to meet my needs, and takes almost no effort. I haven't held as job since 1980.... 37 years ago. How many people do you know who have been unemployed for almost 40 years ;-) ...........

I just finished my first beer of the day, and won't probably drink anything more until evening when I'll have a homebrew.

This was a gift from a neighbor, "imported" from Pennsylvania, a product of the PENN Brewery, and IPA optimistically described as being 70 IBU (I don't by that). Superb flavor, it was a truly outstanding IPA at 7% ABV and containing, it says 7 varieties of hops. I'm curious about the recipe, and can identify some of the hops (I think). It seems absurd to include that many types of hops in a brew, but it is well balanced and delicious. It is however not any better than the single hop brew I made about a year ago using fresh cone hops, all Columbus, and LOTS of it, though there are some nuances that the single hop lacked, they are in my opinion lost in an indistinguishable medley. I prefer only 1 to 3 hops in a brew, and in fact my currently on deck brew has only Nugget, and is very satisfying.

In any case I recommend that you visit the PENN Brewery in Pittsburg and try it if you are in that neck of the woods.........It is an exceptional IPA.


H.W.

 

[JordanKnudson]

If you're curious about the recipe, they give plenty of info to get you started right on their website. Actually, they say they use nine hop varieties! I tend to agree that no one hop is going to shine clearly in such a recipe, but on the other hand, you can get things out of blending hops that are harder to tease out of a 1-2 hop brew, so maybe that's what they were after...

Here's what they say (I even converted the degrees plato to SG for you):

Style: American IPA
Alcohol content: 7.0% ABV

Specs:
OG/plato: 16.0 (1.065 SG)
FG/plato: 3.0 (1.012 SG)
IBUs: 70
Hops: Crystal, Columbus, Citra, Chinook, Cascade, Cluster, Centennial, Summit, and Simcoe
Malt: Two-row, Crystal, and Pale Malts

EDIT: Just noticed that their website boasts "Nine varieties of hops," while the label on the bottle says seven. Way to be consistent, guys!

 

[DemonsRun]

Makes me wish I was a day trader sounds like a rough life

Pittsburgh isn't too fr away, might make a trip up there one weekend and give them a try.

 

[Owly055]

Anybody can do it. I have a few basic rules, first off never hold overnight. EVER. Second choose a few stocks and get to know them, stick with them. Third, choose stocks from $30 upward in share price that are moving at least 10 million shares a day. The reason for the price is to have enough volatility that you can do a thousand share trade and expect to make 20-50 cents in an hour or so. A penny is $10. Fourth, don't get greedy, don't be afraid, and don't hold a losing position, get out and make your money on the next swing. DO NOT GAMBLE. Take your losses like a man, and don't get mad or "revenge trade". Stay cool and systematic.
Watch what the "herd" is doing, and know when to run with the herd, and when to jump ship and take your profit and wait for them to nearly hit the wall, then trade opposite, and profit by the rebound.
Know when NOT to trade due to not being comfortable with the market........ or your own mental state. It's OK to just watch or "paper trade".
Don't let stress ruin your health......... it can. I've forced myself to quit a few times for health reasons, and rethink my personal strategy, hence my current trading days of just a few hours. It's better for my mental and physical and financial health.

H.W.

Makes me wish I was a day trader sounds like a rough life

Pittsburgh isn't too fr away, might make a trip up there one weekend and give them a try.

 

[DemonsRun]

Thanks for the advice, being a single parent those hours would make life much easier, I over think and over engineer, so I'll need to research. but sounds like a nice retirement while brewing out my remaining days.

But for now I am taking a harder route and and if we win the proposal bid I will have a company and 7 employees on an IT contract in just a few months, no rest for the wicked.

 

[Owly055]

Thanks for the advice, being a single parent those hours would make life much easier, I over think and over engineer, so I'll need to research. but sounds like a nice retirement while brewing out my remaining days.

But for now I am taking a harder route and and if we win the proposal bid I will have a company and 7 employees on an IT contract in just a few months, no rest for the wicked.

Day trading requires that you have a minimum of 25K at all times in your account, otherwise you have settlement delays, and of course requires as margin account. After a number of single day in and out trades, you are designated a pattern day trader, and subject to the 25K (value) rule, drop below that and you are in serious trouble, so it's wise to trade with at least 30K. The brokerages will allow you 4x margin when you have PDT status, which means that if you have 30K in your account, you can trade as much as 120K. Interest rate is about 8% apr, but if you zero out by the end of the day it is zero. You can only carry 2x over night legally, but only a fool holds overnight in my opinion.
My return on my capital exceeds 100% per year typically. There is no other business that I know of that can achieve this legally. It requires judgement, but there is NOT a "system". It requires you to actively make the right choices. You will lose on a percentage of trades. That's a given, but the trick is to keep those losses low, and to gain more than you lose, not to win every trade. Anybody who claims never to make a losing trade is a liar. It's as simple as that. "Study" is not a part of it, but knowing what is going on in the market is. Taxes are VERY low, and no FICA is paid.

H.W.

 

[JordanKnudson]

LOL so you didn't actually come here to talk about beer, did you?

 

[Cavpilot2000]

Penn Brewery has long been one of my favorite small breweries. They are no Johnny-come-lately, they have been around for decades. They used to primarily brew German styles, but it looks like they have branched out as the market has dictated.
Their Penn Pilsner is fantastic, and the Penn Dark is one of the finest examples of a Munich Dunkel lager I have found this side of the big pond (and if it still has the same bottle label it did 15 or so years ago, it is covered in some really cool art that looks like woodcuts or etchings of Valkyries and such).

If you are ever in Pittsburgh, I highly recommend a visit or at least to seek out some of their superb beers (Full disclosure: I have never actually been to the brewery, but I had plenty of their beers back in college).

Glad to hear their name mentioned and that they are still around.

 

[Paps]

Day trading requires that you have a minimum of 25K at all times in your account,

H.W.

If i had 25-k laying around, Arkansas would have a new craft brewery/cidery.

 

[singybrue]

If i had 25-k laying around, Arkansas would have a new craft brewery/cidery.

Well, maybe the plumbing or electrical for one...

 

[Upthewazzu]

Penn Brewery has long been one of my favorite small breweries. They are no Johnny-come-lately, they have been around for decades. They used to primarily brew German styles, but it looks like they have branched out as the market has dictated.
Their Penn Pilsner is fantastic, and the Penn Dark is one of the finest examples of a Munich Dunkel lager I have found this side of the big pond (and if it still has the same bottle label it did 15 or so years ago, it is covered in some really cool art that looks like woodcuts or etchings of Valkyries and such).

If you are ever in Pittsburgh, I highly recommend a visit or at least to seek out some of their superb beers (Full disclosure: I have never actually been to the brewery, but I had plenty of their beers back in college).

Glad to hear their name mentioned and that they are still around.

The one time I stopped in at Penn Brewery they were out of all their IPA's. Lol, WUT?!?! I was not impressed. Their website says they now use NINE different hops types in their IPA. That's crazy.

Anyways, I like Church Brew Works better. Thunderhop IPA is an oldie but a goodie.

 

[Cavpilot2000]

The one time I stopped in at Penn Brewery they were out of all their IPA's. Lol, WUT?!?! I was not impressed. Their website says they now use NINE different hops types in their IPA. That's crazy.

Anyways, I like Church Brew Works better. Thunderhop IPA is an oldie but a goodie.

Well, IPAs are not what they are known for over the last decades - like I said, it's German styles that put them on the map and made them a favorite of many.

Obviously you are an IPA enthusiast, which is fine, since you mentioned that you were specifically looking for their IPA and were taken aback that they were out (again, it's not their signature beer), and then mentioned Church's IPA. That's great, and IPAs are wonderful, but you can't knock a brewery just because they didn't have your favorite style. And I suspect the classic German styles they are known for aren't your cup of tea, since your post was, again, so IPA-centric.

So if that was your focus, I can understand your being disappointed. But again, you can't knock a brewery just because it doesn't have the same focus as you (classic European vs. New American).

 

[Paps]

Well, maybe the plumbing or electrical for one...

Nah.....my goal is a very small operation with a tiny tap-room.
Enough to keep myself and maybe 2-5 other people in work.
(that includes bartenders/wait staff)
Everyone allways says "Go big" and "expand expand expand!"
but i just see that as more debt and headaches. IMHO if a brewery has been around a few years and claims that they "aren't making any money"...they are full of ****.

 

[Owly055]

This IPA is not typical of the overhopped American IPAs that were almost universal for so long and had an intense grapefruit flavor profile. In fact this IPA is in my opinion far below the IBUs they claim. My ales that work out at about 55 typically are at least as bitter............ But I drink them much fresher than commercial bottle beer probably is. We can be thankful that the IBU wars are over ..........not to mention the ABV wars, and we are currently seeing a bit more creativity and diversity. The true IPAs were much closer to my Ales in IBUs than the stratospheric IBUs we were seeing for awhile. I consider anything over 60, not a legitimate IPA.

H.W.

Well, IPAs are not what they are known for over the last decades - like I said, it's German styles that put them on the map and made them a favorite of many.

Obviously you are an IPA enthusiast, which is fine, since you mentioned that you were specifically looking for their IPA and were taken aback that they were out (again, it's not their signature beer), and then mentioned Church's IPA. That's great, and IPAs are wonderful, but you can't knock a brewery just because they didn't have your favorite style. And I suspect the classic German styles they are known for aren't your cup of tea, since your post was, again, so IPA-centric.

So if that was your focus, I can understand your being disappointed. But again, you can't knock a brewery just because it doesn't have the same focus as you (classic European vs. New American).

 

[treacheroustexan]

LOL so you didn't actually come here to talk about beer, did you?

That's how it seems. Could have done without the first paragraph lol.

 

[Owly055]

Nah.....my goal is a very small operation with a tiny tap-room.
Enough to keep myself and maybe 2-5 other people in work.
(that includes bartenders/wait staff)
Everyone allways says "Go big" and "expand expand expand!"
but i just see that as more debt and headaches. IMHO if a brewery has been around a few years and claims that they "aren't making any money"...they are full of ****.

I stopped into a tap room in Astoria Oregon a couple of years ago called Hondo's Brew Pub. He was running a homebrew supply store and a nano brewery in the same building, with half a dozen taps or so. I watched as he was racking brew from a brew bucket into a keg in the back room as I was enjoying a beer. It appeared to be a one man operation. I was very impressed!! Below is what I found on the internet. I will stop in again if I wander that direction. These kinds of guys deserve to be supported!

H.W.

Hondo's Brew Pub
Address: 2703 Marine Dr, Astoria, OR 97103
Phone: (503) 325-2234
Hours: 11AM–10PM S

 

[Norselord]

It's 10:27PM AM, and I'm considering letting the butler knock off a little early on a Saturday.... All he's got to do is finish polishing the Bentley and grooming the peacocks. I am only paying him $2K a week since he only puts in very little effort. He has been working for me almost 37 years and he still doesn't quite clean the bidet the way i like.

I've got a raging hang-over, but luckily HBT is here to help me through it.