Tuesday, October 23, 2007

The Dinosaur Trader Personality Test

Not really, it's an external link to "the Spark" or something like that.

But whatever.

Look, I'm feeling introspective tonight after my staggering market loss. I want to know more about "you people." Also, I'll be surfing early and won't have a morning post up. This will have to do.

So take the test and tell the world what your personality "flaw" is, in the comment section.

It takes about 7 or 8 minutes to take the test. First, you have to sign up for an account... they want your email but you can opt out of getting bothered. The thing is, if you take the test and complete it, you can check at the end to see how compatible you are with other people who took it. So, if you want other people here to know how compatible they are with you, write the email address that you gave to "the Spark" in the comment section along with your test results.

Most of the time, I hate people... let's see if I hate you too.

Just follow along with the first comment... which I will post.

Click here to take the test.

UPDATE: I'm 35% greedy.
UPDATE II: I'll live to age 73.

Stephen Colbert For President Poll

With only 20 hours left to vote, my poll is showing it to be a dead heat.

Maybe you think having a poll about Stephen Colbert's chances at winning the presidency is stupid. Maybe you're thinking to yourself, "Man, that DT is a nitwit."

Fine, but is THE WASHINGTON POST a "nitwit" too then?

They ran a poll to see what his chances really were. Currently, among Democratic voters, he's at around 2%. Republican voters favor him less, at only about 1%. However, I think that the Republicans probably just don't know who the heck he is.

As you know, Republicans are old and out of touch.

Anyway, here's a link to the Washington Post poll.

With that said, go vote on our poll now. "Would You Vote For Stephen Colbert For President?"

Carlos Santana Shreds

This is hilarious. If you don't "get it" it's because there's something lame about you.


Wow, I really, really, sucked today.

I trade actively in the first hour of trade. When that first hour is without good action, it normally means my whole day will blow. Today is the perfect example of the type of morning I should avoid trading the open though. A gap up morning.

More often than not, I find when the market gaps up a lot that it tends to flatline for awhile in order to digest its gains. So if you buy a lot of stuff at the open, you lose 10 cents, 25 cents, over and over again. I think in the future I'll try to have a little more discipline on these mornings, let the market gap up, digest and then try to buy when stocks break out after digestion.

So I lost a lot early. I knew my day was over at 10:45 when I made a nasty revenge trade in RDN.

It was actually one of my better stocks of the morning as I caught the short. But then I got short again, around $14. I short 1000 shares and got stopped out at $14.20 or, the high of the move. Next thing I know, it's back to $14. So what do I do? I short 2000 shares. When it dropped below the figure, I added, forgetting that the stock was worth only $14... I mean, how much did I think it was going to drop? Why add? So many mistakes. Anyway, It bounced and came up to $14 again, where I added more shares. I got out of all of the shares for a nasty loss at around 11:30 or, the high of the move and managed to lose $200 in a stock that I was up close to $1000 in earlier in the day.

I'm not even going to get into the latino banks. They all got me.

Anyway, my daughter just woke from her nap with a fever and a stuffed nose. Most likely an ear infection. Needless to say, I'm suddenly very busy.

Here's the stats:

P&L, -$2115
Best, DSX, $352
Worst, TBSI, -$345

71,800 shares traded.
32 stocks traded, 10 winners, 22 losers.
217 trades.

Virtual Office, $5507. Dow, 109.26, 13,676,23,

Momojuicing, $5199 on 21,000 shares traded.
Akalawoo, $1496 on 17 contracts traded.
Dehtrader, $1112 on 9300 shares traded.

Evolution, $608 on 48,600 shares traded.
OBAT, $95 on 5800 shares traded.
Misstrade, $0 on 1000 shares traded.
Denarii, -$25 on 2400 shares traded.
Tapeworm, -$255 on 6 contracts traded.
Me, -$2115 on 71,800 shares traded.

Well, look at that, Momo saved the VO. I was all set to sink the ship today and the mofo makes a trade in RIMM to salvage some respectability for the "office." Well done. In fact, most of the office did quite well today. A bunch of very nice numbers. You know how it feels to be on the bottom of the VO when everyone else "banks coin?" It feels like shit.

Anyway, so much for the goddamn Wombat. While there was a small pickup in volatility between 10:30 and 11:00 it quickly died and fizzled out. Volume blew today... but I mean, I guess nowadays I'm happy if it's over 1.3 billion. That's what we do now on the NYSE.

Another huge earnings day tomorrow. FCX reports. That could be fun.

I'm in a bad mood and my daughter has an ear infection. All hell is breaking loose.

Now It's Locked In Place...

This video is great!

I Hate Everything.

Specifically, the stock market.

Even more specifically, the latin bank stocks, ITU, BBD, BBV and UBB. I've lost over $1000 trading these fuckers today. About $250 in each, so they suck equally.

Currently, I'm in liquidation-only mode as this market has been chopping me up all day.

Tomorrow there's suppossed to be beautiful surf. I may just take a mental health day.

Stocks Reporting Earnings, Tuesday October 23rd.

There are loads today. You can check this link for the whole list.

I'll be focusing on ALB, RE, PRE, CNH and PCP.

Also, I got an interesting email from "bloggerdotcom" today about profiting from the huge fire that is melting southern California. Considering that Bluedog and Danny are from SoCal, perhaps they can give us some information on which insurers we should be shorting here.

Or is that completely tasteless?

Meanwhile, R.I.P Clarence.

How does the "Lester, the Hairy-Nosed Wombat of Stock Market Volatility" roll off the tongue?