Tuesday, May 22, 2007
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
Misstrade, $3830 on 10,400 shares traded.
Dehtrader, $815 on 19,200 shares traded.
One Bad-Ass Trader, $66 on 11,200 shares traded.
EvolutionTrader, -$247 on 57,800 shares traded.
Me, -$1452 on 21,200 shares traded.
Not a bad day for the VO, but a bad day for Dinosaurs.
Misstrade and Dehtrader lead the pack today. Congrats to MT on a nice bounce back day.
I could do no right today. I have no quick summary of the day's action because frankly, I have no idea what's going on anymore. This blog may be morphing into a discussion of employment opportunities for washed up stock traders soon... stay tuned.
You know those Geico commercials with the gecko? Well, apparently this lizard was the runner up. It's been hard for him to watch the gecko become world famous. He's understandably bitter... this is hilarious.
Anyway, you can find more from Dan Deacon over on the forkcast. Enjoy!