Weekend Open Thread

I'll be waking at 4am to go owling tomorrow for my local CBC, so I'm posting this Open Thread a little early.


Eastern screech-owl, red-morph. Photo courtesy of the Raptor Trust, New Jersey

Now is a great time of year to go owling. Next time there's a full moon, check with your local Audubon Society chapter and see if they're planning an owling trip. It's something that you won't forget.

Kermit The Frog, "Once In A Lifetime"

If this song is about having a nervous breakdown, it makes a little sense to post it today. It even makes more sense to have it sung by Kermie...

Chopped

Chopped. No better way to explain it.

I'm hemorrhaging money. I can't recall a time in my entire trading career when I entered positions and was immediately out of the money each time... it's just uncanny and it seems statistically impossible.

Anyway, I've never been so relieved to have a very busy weekend ahead of me. I don't want down time because that would just make me think too much... I want to be constantly occupied or sleeping for the next 62 hours.

Not sure what happened to the days when volatility worked in my favor. We're getting huge moves in the indexes but I can't capitalize, making my situation even more frustrating.

Here's the stats:

P&L, -$1513
Best, DSL, $167
Worst, LDK, -$697

31,400 shares traded.
13 stocks traded, 2 winners. 11 losers.

NOTE: Just listened to "Across The Universe" by the Beatles. Feel much better now. Nothing's gonna change my world. We'll get em Monday.

Virtual Office, $161. Dow, -179, 13,338.96.

Evolution, $1048 on 110,000 shares traded.
OBAT, $396 on 12,600 shares traded.
Sanglucci, $220 on 8600 shares traded.
Dehtrader, $182 on 6368 shares traded.
Retard, $48 on 1 contract traded.
Wincity, no trades.
Akalawoo, no trades.
Misstrade, -$220 on 4000 shares traded.
Me, -$1513 on 31,400 shares traded.

Just over 1.2 billion shares traded on the piece of shit Hybrid Market today.

Fuck the NYSE.

If that's a little too negative for you, I suggest you go check out one of the bloggers who's currently making money, because I haven't a fucking clue.

Evolution had a great week.

I had a shitty week. In fact, I can't remember the last time I was so wrong so consistently, had so many issues with my systems and just plain sucked.

Clearly, my head is too clouded right now for me to write an intelligible market commentary.

Enjoy your weekend.

Belle & Sebastian, "Fuck This Shit"

Blur, "Resigned"

The #1 Rule Of Stock Trading

It's not, "Cut your losses short" or "Let your winners run."

No, the #1 rule of stock trading is simply this...

THINGS CAN ALWAYS GET WORSE.

Ominous, yes... but true. Very, very true.

The Republican Presidential Field Is Hurtin'

Here's a funny video about Mike Huckabee.

The Law Of Fuckery

The Law of Fuckery: Those trades that appear most promising, are also the trades that will twist up your insides and ruin your day when they fail.



With all of the solars strong this morning, I gravitated to that sector to scan for trades.

I found LDK which appears to be flagging on the daily chart after it's recent strong run. I noticed that yesterday afternoon, $58 appeared to be fairly strong resistance. When it tested $58 again this morning, I decided to watch and wait for a break of that level so I could buy.

I caught the run up to $59, turning the stock into my best winner in days. However, I bought the stock again when it came back down to $58 since I now expected that level to act as support. This is where my troubles began.

As you can see, it broke $58 and shot back up. I exited my position when it broke $58 (and got an awful fill) but then anticipating the spring back, I bought again at $57.66. The stock teased me by trading $58 again, (where I added to my position) but that turned tail and cracked again.

It's now my worst stock of the day and I'm solidly red.

This week has been tough for me.

Neutral Milk Hotel, "In The Aeroplane Over The Sea"

If I can figure it out, I'm going to post this in the Peanut Gallery as well...

The Doors, "The Crystal Ship"

I'm in a music mood today... here's one for you old people!

Dinosaur Jr. "Just Like Heaven"

Take a classic song from "the Cure" and add a touch of sarcasm. Perfection.