Friday, December 7, 2007

They Might Be Giants, "Minimum Wage"

I redefined "minimum wage" this week as I lost 3500 smackers.


What a week...

I don't have too much to write about today. It was one of those days where I thought I was maybe down $200 and then I opened my P&L and found myself down $800. I just couldn't get a winner.

This weekend will be spent going through stock graphs and trying to figure out what went wrong this past week.

One thing I figured out today though was this. Normally, I use 5-minute graphs. When the market is really slow and not volatile, I think I'll use 10 or 15 minute graphs. For some reason, when I have my stocks set to longer time frames, I trade less.

Here's the stats:
P&L, -$963
Best, MBI, $182
Worst, MOS, -$473

18,400 shares traded.
17 stocks traded. 4 winners, 13 losers.

Virtual Office, $0. Dow, +5.69, 13,625.58.

Dehtrader, $1170 on 8004 shares traded.
Denarii, $40 on 2000 shares traded.
OBAT, $29 on 13,800 shares traded.
Misstrade, no trades.
Wincity, no trades.
Sanglucci, -$276 on 16,600 shares traded.
Me, -$963 on 18,800 shares traded.

It's fucked up that the VO closed exactly at $0, no?

We didn't even get to the pathetic level of 1.2 billion shares on the NYSE today. I find this somewhat surprising since we received the employment data this morning. Hopefully things pick up after Tuesday. However, since this is September redux, my new feeling is that traders will be disappointed if they're waiting for action after Tuesday.

Indeed, my new feeling is that the profession of stock trading is dead.

While that may be an exaggeration brought on by my poor trading this week it's true that I don't see a light at the end of the low volatility tunnel.

Finally, I want to point out that after yesterday's Virtual Office post sparked a little debate about the blogger known as Misstrade that I invited him to provide a post to answer his critics.

He declined.

Enjoy your weekend. I will have an open thread up. Please feel free to link-whore your blog there. And naturally, I will also be giving away billions in prize money.

Finally, Ragin is still gay.

The Stock Market Today

Would be busy lulling me to sleep if it wasn't kicking me in the nuts so hard.


I've been informed that the picture I ran in the story about third-tier blogs was not Ragin Cajun, but instead, the fourth-tier blogger/male escort known as "Anything Goes."

My sincere apologies to Ragin.

Below is the picture of the real Ragin Cajun.

APPLE BUYING AMD!!! Oh.... wait... it's "the Arabs"

FBN flamed out so quickly that I forgot to keep making fun of them. Thank you Thomas for bringing this to my attention.

(hattip, T.R.)

And while this clip is 2 weeks old, the short skirt and the high boots are always timely.