Monday, May 19, 2008

Addicted To Hope?

As I sat down to lunch, down $450 with no positions, I began to think that this whole process I'm going through (because I know looking back from the future, that I will see it as just that, a process) wouldn't be so bad were it not for my utter hopefulness.

If I could just lose money everyday for 2 straight months without a glimmer of hope thrown in here and there, I may have already shut down this blog and moved on with my life. Who knows what I'd be doing, but the market would have shaken me out already. Instead, I get days like Friday, or even a solid trade in the middle of the day, and things like that give me hope. Hope that I'll figure this shit out and get back to being profitable, day in and day out, and be able to support my family and our lifestyle by being a trader as I have for nearly the last decade.

Hope seems to be killing me softly.

Anyway, besides trading I had a very busy day as well. I have to say, I'm not feeling very witty or anything. I think I'm just gonna go read and HOPE tomorrow turns out better.

I didn't have any particularly good trades or bad trades today. I just had a whole bunch of $60 and $70 losers and no winners.

I'll be back to regular blogging tomorrow. Tonight, I'm just too tired to get into it.

Here's the stats:

P&L, -$462
Best, ACI, $54
Worst, AKS, -$159

9800 shares traded.
11 stocks traded, 2 winners, 9 losers.


HPT said...

This is actually a really good post about what its like to be a trader going thru rough times. Life is tough for all of us, not just the people trying to trade for a living.

Anonymous said...

Chin up grasshopper, you'll get there!

JakeGint said...

Hey look on the bright side, at least you don't have any money on the Obamessiah.

Speaking of communism, was it you that posted that commie bullshit from Naomi "Women's Studies" Klein assailing Uncle Miltie?

Nothing like libeling an old guy post-mortem.

JakeGint said...

Also read your egregious saves the caribou bullsheiss below.

The oil company's have "an agenda" but not the socialistic "hate the humans first" multi bazillion a year environmental movement?

Uh huh.

Dinosaur Trader said...


You're out of your fucking mind. Environmentalists love life... much more, I'd argue (if I was the type to argue) than many "pro-lifers."


wincity said...


Cheer up. Think about your trades. I'm sure you'll figure out.

tapeworm said...

dt: i don't know that i've ever seen u this despondent about trading...hopefully, something changes soon


The HardHead Fund said...

Welcome to the crowd - I made a ton in Apple and CSE - only to loose it in Dirty DUG!

What does one do... when you know you are right and the enemy is "Goldman Sachs!" Clear the board - GS never looses - lesson learned!

Don't worry there is always Scott tissues and the Russian dancers: