Friday, January 4, 2008

5 Year Chart Of SPX

Just for some perspective. It basically doubled over the last 5 years.

I'm working on my "daily routine" post. I'll have it up by Sunday.

NOTE: I won the Peanut Of The Month Award over at "the Fly's" place. Thanks to all who voted for me.

They Might Be Giants, "Ana Ng"

Virtual Office, -$3472. Dow, -256.54, 12,800.18.

Misstrade, $1600 on 1600 shares traded.
Sanglucci, $454 on 19,800 shares traded.
OBAT, $51 on 9600 shares traded.
Denarii, $2 on 800 shares traded.
Akalawoo, AWOL.
Me, no trades
Tard, -$752 on 11 contracts traded.
Evolution, -$2180 on 152,800 shares traded.
Dehtrader, -$2647 on 1420 shares traded.

Today the market suffered a high volume sell off. The VIX rose smartly up 1.61 to 24.10 while the Dow got crushed, giving up over 260 points on over 1.6 billion shares.

Man, things are getting ugly.

I was a silent participant in a trading room and most of the guys were getting smoked. And the VO suffered it's second down day in a row. Not sure if that has ever happened before. I don't think so. Perhaps missing this week wasn't the worst thing that could have happened to me.

We're due for a bounce, but really, it will be short lived. We're on our way to the lows of August. After that, who knows?

It may be a good time to pick up the William O'Neill book, How To Make Money Selling Stocks Short.

New Trading Software

So I'm working on tweaking my new execution system today.

I'm setting all the "hot keys" and trying to get it to fit into my screen layout nicely.

As you know, I'm a Dinosaur so changes, even seemingly small changes like new execution software, are gigantic and could take me days, or possibly weeks, to master.

I have a bunch of posts working. However, I feel this will tie me up for the next few hours at least.

Looks like a good day for traders though. I hope you're raking it in.

Meanwhile, go check Bluedog's blog. He updates frequently and it's always interesting.