Monday, December 17, 2007
If you've never had the opportunity to get phoned by your company at 9:28am and told that if you lose much more money that you'll be "cut off" then you haven't really lived yet.
That's right, the risk-manager at my company chose to take my current state of "mindfuckedness" up to a whole new level today by basically declaring me "dead" as a trader.
He could have at least called me last week and told me that I was almost dead.
To just be dead, came as somewhat of a shock.
Funny that I made over 10gs in November despite making the worst trade of my life (FSLR short) but that 2 weeks into December I'm "dead."
Ah well, it's a cold business and I don't take this personally.
That said, I've been with this company for 5 or 6 years. I've been writing them since April looking for help. I was told, in short, that "there was nothing they could do for me." The fact is, I've received loads more help from complete strangers over the Internet via this blog and others.
To those who've offered me constructive criticism, I sincerely thank you very much.
Unfortunately, it didn't help one damn bit.
I kid, I kid...
Now, it's true that I am almost out of trading capital. I can send this company another check and pretend nothing happened, or I can take this opportunity to test the waters at other companies.
I decided to test the waters. Perhaps, I thought, I need a fresh start.
So, by 9:45am, I had a job lined up with another firm. Unless something good happens with my current company before Friday, or unless I hook up with some rich "cougar" and move to Hawaii, as of January 2nd I'll be trading with a new firm.
In an example of "art mirroring reality" this company has a very active group of "remote traders" who work each day in a "virtual office." Just the kind of support I could use.
Speaking of art, I've decided to write a damn book, because this shit is twisted. It'll be like the "my history" posts, but with added sex and violence.
If you or someone you love is a book agent, contact me about the massive advance you're willing to pay me.
Anyway, I lost all of my money today in MOS. Most of it around 10:00am when the stock made a move that only the "hybrid architects" could love.
But really, my problem once again was my ratio of winners to losers. I'm still at a loss as to what I'm doing different these last 2 weeks that has made it nearly impossible for me to bag a winner.
Here's the stats:
Best, KMT, $351
Worst, MOS, -$794
20,800 shares traded.
10 stocks traded, 2 winners, 8 losers.
Misstrade, $5233 on 1000 shares traded.
Akalawoo, $6 on 1 contract traded.
Wincity, no trades.
Sanglucci, no trades.
OBAT, -$82 on 13,600 shares traded.
Denarii, -$137 on 1400 shares traded.
Me, -$713 on 20,800 shares traded.
Evolution, -$1940 on 70,200 shares traded.
Dehtrader, -$3984 on 1500 shares traded.
Wow, this market sure looks ugly. Remember a few weeks ago when I was talking about "September redux?" It looks like all those low volume rallies were just one big head fake.
Sheesh... how can a guy be so right and so wrong at the same time?
I tell you, life is funny and complex.
Not sure how many of you caught the banter between Dylan and Maria today between 3 and 4. Dylan said something about "people" and Maria, always the comedienne, said... get this... "Have your people call my people." She found that funny enough to giggle like a little girl.
I tell you, she is a real talent. How she ad-libs like that is beyond me. I'm amazed at her originality. Ah, and of course, because the market was getting smoked, she had to mention the "sell imbalances" which as I've mentioned before are published every day but are mentioned by Maria only when the market is down triple digits.
Sigh... score another for the "CNBC Stupidity" tag.
Anyway, no surprise in that volume blew yet again. We traded about 1.3 billion shares on the NYSE. Bad for humans (majority of the VO), just fine for robots (Misstrade).
Let's see what tomorrow brings.