Misstrade Axed From VO

As many of you who follow along here know, Misstrade has been the reigning champ in the VO for the last 10 months or so, taking no prisoners. I mean, the dude has had like 5 losing days or something ridiculous like that.

I am now letting him go. No doubt he will find a bigger and better VO somewhere populated with other robot traders who will give him a better run for his money.

Here, for your viewing pleasure, is him playing air hockey in the VO "lounge" just before he received the news. I wish him continued success.


Robot Playing Air Hockey - Watch more free videos

The Pixies, "Velouria"

This band will always make me happy.

My Next Child Will Be Named "Momojuicing"

It will be hard to break that one to Judy, but I have to do it. Read on for details.

It's a little late for me to be starting this post (when you have a 3 year old, it gets late very quickly) so I'm going to make it somewhat brief. It's too bad actually, because there's a lot I need to work through. Still, if I'm anyone's bitch, I am the bitch of Father Time.

So here goes... I got a little smoked this morning trying to grab the breakouts in EOG and ECA. I was early to the game in both instances and was down a few hundred.



My first buy came at 9:50. I bought 600 shares just before the guy dropped 45 cents. So, I lost close to $300 there. My second buy came around 10:00, just before he dropped 45 cents... so, I was down over $500 in the stock. I was very discouraged at this point.

Luckily, the third time was a charm. Of course, when the stock finally broke out, I only had 400 shares (I was buying with 600 the first two times) but happily, I held on nicely (been working on that, so happy it worked out) and made my money back and then some. I ended up over $300 in the stock.

I had similar trades in ECA. So really, the first half hour of the day was a nightmare for me but I made it all back and was up a couple hundred by 10:30 or so.

Buoyed by my success in these oil trades, I felt very confident buying into DO when it traded $120. It was an important level on the daily, and I went in with 600. I was filled at the top of the move.



I lost a half point on most and, embarrassingly enough, even more on my last 200 shares. I lost $377 in the dude. Completely my fault. No ass-rape or anything like that... just a bad trade.

Okay, so now we get to the fun part, or the reason why my next child, girl or boy, will be named "Momojuicing."

So via email Momojuicing and I are conversing. He's like, "Man, I wish I could blog like you..." and, "I wish I was smart like you..." And I was like, "Yeah, well, I'd name my second child "Momojuicing" if I could trade like you..." and he was like, "Oh yeah? Well check out this MA on a break of $198." The graph tells the rest of the story.



I short 300 around $198. I covered 100 at $197.25, 100 at $196.39 and the last 100 at $194.18. So I went from being down a few hundred to up $400 after this trade.

So I felt good about the trades. The name thing sucks, but, what can you do?

Anyway, the even better news came when I closed the day strong. I caught the bottom in MA with 200 shares when the news hit about ABK. I sold 100 after I made a point, and rode the other 100 for 4 more points. So MA turned into one of my biggest winners in awhile, at $1098.

Here's the stats:

P&L, $804
Best, MA, $1098
Worst, DO, -$377

21,000 shares traded.
15 stocks traded. 8 winners, 7 losers.

Virtual Office, $1248. SPX, +18.00, 1373.50.

Me, $804 on 21,000 shares traded.
Ducati, $604 on 400 shares traded.
OBAT, $539 on 5600 shares traded.
Evolution, $352 on 37,000 shares traded.
Timmay, $205 on 1800 shares traded.
Retardo, no trades.
Wincity, no trades.
Denarii, -$12 on 300 shares traded.
Ainkurn, -$136 on 650 shares traded.
Dehtrader, -$1108 on 3391 shares traded.

Well, it was a pretty wild day today. The market didn't need Gasparino today, all it needed was S&P to reaffirm ABK's financial strength. This sent all the financial stocks higher at approximately 2:25 and with them, the market.

I hate to be a dick about it, but the volume was pretty lame for such an event. Actually, I take that back (sort of). The volume really sucked early and at the end of the day we probably finished about average. So, volume moved into the market after 2:25.

Meanwhile, one of these days, Dylan Ratigan is going to trip as he walks towards the camera and it will be pretty damn funny.

We traded just under 1.5 billion shares on the NYSE today and the VIX dropped another point, to 23.09.

The VO had a mixed day. Hopefully, with the eco-data out this week, we get some good movement and follow through.

Are Stocks Male, Or Female?

In all of the offices I worked in, they were male. As in, "that guy is a fucking dick!" However, when bloggers write about stocks, they tend to make them female.

So for you, are stocks male or female? Please vote in the poll.

Maybe Next Time... They'll Walk!

I hate SUVs. However, I love it when stupid SUV drivers think they're in some car commercial but then get into trouble.

Last summer, some woman in a white Cadillac Escalade drove it onto the beach and got stuck in the sand. Walking by it and laughing made me very, very happy.


SUV Loses Traction And Slips Off A Cliff - Watch more free videos

Art Cashin's Comments, Feb. 25th 2008

Art, what's going to break us out of this range?

Firm up that Ambak deal quick or the rumor mongers will be out saying that it's going to fall through. Also, we have lots of data this week and Bernanke will be speaking in front of Congress.
If our elected officials will stop hamming for the camera, perhaps they can take him through the FOMC minutes.

Comments on the Visa IPO? Is it a good sign?

The interesting thing is that it's going to eat up a lot of sideline cash, and that's going to lock things up. Also, keep an eye on Greenspan's comments this morning... he's talking about zero growth in the US.

Morning Link Love

Just one today since I'm late in getting to my desk...

• Trading Probabtion, a great post (influenced by Stewie), written by new VO member Ainkurn.
• Okay, one more... Richard over at MtM was hypnotized this weekend and gangraped by crazy female hypnotists. Okay, maybe not... but that's my hypnosis fantasy anyway.
  

Good Morning

Time: 7:33
Mood: Dark