Thursday, February 28, 2008
Shifting Winds
I haven't had to post a trade disaster since November I think... it's an awful thing to have to do.
But I really fucked up in BG today. My timing was wrong, I was using market orders in a thinly traded stock, I was pissed off... it was a perfectly stupid storm. I lost $1454 in this fucker.
Besides that piece of shit, I didn't have any massive losses... just no real good winners.
I just missed a great trade in EOG at the end of the day... this stock was nuts today. Check out the daily...
I caught one decent trade with Evolution today, a short in TGT below $54.
But overall, my day was a mess. I haven't had one of these in awhile.
Every trader suffers losing days. The most important thing is to absorb the loss with some equanimity, try to learn from it, and move on.
And here's what I'm taking from today... I keep making the same mistakes and I'm not learning shit.
Therefore something is going to change, massively, and soon. Details tomorrow.
Here's the stats:
P&L, -$1869
Best, TGT, $286
Worst, BG, -$1454
36,600 shares traded.
18 stocks traded. 6 winners, 12 losers.
Virtual Office, -$3704. SPX, -14.60, 1365.80.
Ainkurn, $484 on 1100 shares traded.
Ducati, $475 on 1000 shares traded.
Timmay, $318 on 2800 shares traded.
Wincity, $64 on 200 shares traded.
Denarii, $29 on 4400 shares traded.
Retardo, no trades.
OBAT, -$95 on 11,600 shares traded.
Evolution, -$1396 on 74,800 shares traded.
Dehtrader, -$1714 on 10,890 shares traded.
Me, -$1869 on 36,600 shares traded.
Well it wasn't a day for active traders. The VO got smoked, my real office got smoked and everyone differently. Funny, in a way, but not too funny.
Today was just choppy and trade was mostly directionless. The futures were mostly locked in 5 point bands. Volume was again consistent at just under 1.5 billion shares traded and the VIX crept higher and now trades close to 23.50.
Tomorrow is the last day of the month and we get hit with some eco-data. Could be an interesting day. At least, I hope so.
Meanwhile, go see what worked out for Ainkurn. He was the bright light in an otherwise dark VO.
Off to test out the law of gravity.
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