Wednesday, May 30, 2007

Virtual Office, $2747. Dow, +111.74, 13633.08.

Misstrade, $4000 on 4400 shares traded.
EvolutionTrader, -$40 on 12,600 shares traded.
Me, -$1213 on 41,400 shares traded.

6 comments:

Tyro said...

Sad to see the attrition rate so high. I was enjoying these posts. Hopefully it's just the summer time blues and people will be joining you in a few months.

Good luck with the rest of your trading.

Dinosaur Trader said...

Tyro,

2 of the six VOers are on trading hiatus right now and the Scalper is on a blogging hiatus. Summer definitely plays a role.

Today's post in particular was weak because I had to run out right after the close and I was disgusted by my performance and just didn't have the energy.

I hope the VO gets moving again as well. Some changes may be made soon. Thanks for your interest, sorry it was so lame today.

-DT

Glenn said...

And I had a green day. I see my info did not arrive yet, dang internet.

Net +$257.24 on 21690 shares.

Dinosaur Trader said...

Sorry, Glenn. Hopefully we are good now.

-DT

Anonymous said...

So I have been reading your blog regularly and without comment for several months. I suppose it's because I am in the identical spot you are in and I was hoping to find someone turning the corner to give me a little hope. Today officially marked my first negative month in 8 years of f/t trading. F-ing hybrid. I feel like it's ruining my life.

I find myself delving further into the depths of technical analysis daily, looking for answers. But it is like learning this business all over again, and I don't have the learning curve capital left to overcome it.

I have always been a hyperactive scalper (doesn't work anymore), and have gone from averaging 1 losing day for every 2 months, to more than 50% losing days a month.

The numbers put up daily on your site by Misstrade seem almost unreal to me. Maybe someone should be asking for him to set up even more of a mentor room than he already provides? I wouldn't mind throwing a few dollars his direction for some guidance. Not much more to lose at this point.

I don't know how you feel about all of this, as you have a family and a life outside of trading. For me, trading has more or less defined me for years. I have been quite successful and now feel like a deer in the headlights with this market. A bit pathetic really, and not at all the attitude of a trader. As mental as this game can be, even when I approach it from the right mindset, I still am missing the mark.

I wish you the very best of luck going into the summer months, and look forward to your daily posts. Even with all the turmoil of the last 6 months, I truly believe that there will be a lightbulb moment for me, and things will go a little bit more back to normal. Seems to me, you will have that moment as well. There really is no alternative, is there?

Dinosaur Trader said...

Anon,

If I didn't truly believe a "lightbulb" moment would come I would have already quit this job and stop going through the torture of the slump.

I do believe that if you've been a solid, profitable trader for 8 years then you will get through this period (as will I) and come out on the other side stronger for it.

There are plenty of others out there in our position. Some will make it, others will not. In the end, it's all about adaptability. If you've been in the game for 8 years, you've adapted before (decimilization, 9/11, etc) and my guess is that you'll successfully do it again.

I really view this period as a rebirth. I started anew in December and I'm back to the basics of trading.

Anyway, sorry it took me so long to reply to such a thoughtful comment. I was out all weekend. Please check in and let me know how it's going with you. I'll try to write better daily posts about what specifically is working on the good days so maybe it will help us all.

-DT