I started this blog in March after I took the worst 2 day smoking of my 8 year trading career. At that point, I was nearly through my capital. I battled back in March and ended the month down only a few hundred dollars, capital intact. It was the first month that I had ever lost money.
In April I don't recall having any big bomb days, but I lost again, my second down month in a row. So my loss was a little over $1000.
May has been a bit of a rollercoaster. There were times when I felt confident again and thought momentum was building. I had a couple of good days. But I've had a few recent bombs as well. Therefore I am in the red and close to halfway through my capital. The end of the month is near. We're in a holiday week, I just don't feel any big gains coming my way anytime soon.
If in March I was at some type of crossroads I'm not sure where I am right now... ever seen footage of the polar bears swimming around looking for some ice to hold onto? It's like that right now. I'm simply at a loss.
I'm not sure how much longer I can continue to munch at my savings account. I had some good years and saved good money but that was before I had a kid and felt this sudden surge of responsibility hit me. Every day I lose I kind of feel like she loses too. Continuing this slide feels irresponsible to me. I feel that soon I may have to swallow some pride and go sit in a gray cubicle somewhere pretending to be busy again for a steady paycheck.
Damn this is a depressing post. Well, fuck it, I'm depressed.
The silver lining is that my longer term account made some money today. The Fly's stock, MVIS took off a bit and another of mine, KOG, rose as well.
I'm considering taking off the rest of the week. You can't trade when you have no confidence.
Here's the stats:
Best, DSL $53
Worst, FWLT, -$466
shares traded, 21,200
stocks traded, 13, 1 positive, 12 negative (that's so bad it's almost funny...)
total trades, 110
Tuesday, May 22, 2007