Thursday, April 24, 2008

Virtual Office, -$135. SPY, +0.78, 138.50.

Me, $925 on 13,800 shares traded.
OBAT, $520 on 12,600 shares traded.
Retardo, no trades.
Ainkurn, vacation.
Dehtrader, vacation.
Denarii, -$287 on 2800 shares traded.
Sanglucci, -$1300 on 44,600 shares traded.

Here, let me sum up the last 3 weeks of trade.


The ag names were ridiculous again today... the oil stocks were dropping out of the sky. There seems to be some sector rotation going on. People like the financial stocks again... they hate anything related to basic materials.

All in all, if you're a trader, these are the days you live for. Of course, it helps when you're on top of your game. Because where there's opportunity to make a lot of money, there's also opportunity to get smoked.

I was trading 100 and 200 shares lots all day... because I'm still mindfucked with no confidence. If you were a confident trader today, you could have made tens of thousands... the opportunity and movement is there right now. It's all about being able to manage risk... always the tricky part.

Anyway, I have to say, it's tough to trade when Spring is outside, calling for me. But you know, Spring will always be there... these moves in the stock market will not. As for seasonality in the world of stocks, a lot of people will be saying "sell in May, go away... blah, blah" but don't forget what happened last August. Simply put, the market is a weird and fucked up place right now, and what's typical doesn't seem to be on the plate.

I wouldn't be surprised if we get surprised... or something, by the market over the summer.

Oh... and we traded over 1.4 billion today... could it be, that volume is going to return?

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