Thursday, April 3, 2008

"Son of a Bitch!"

I know what you're thinking... dude goes away for a month, comes back, says he's not going to post as much, and then posts a 10 minute scene from Moonstruck. What the fuck? Yeah, I don't know...

Honey Cone, "One Monkey Don't Stop No Show"

Bunge Jumping...

Man, what a fucked up day.

Things were going fine for me early, as I caught a great long in MON and POT. My office was getting smoked. I was showing impressive relative strength.

Then, BG exposed my weakness... a "weak" stock showing undue strength in a crappy market.

I had to short it.

I got sucked into this trade like no other since well... the last time I did the same exact fucking thing, in late February. Same stock, everything. Welcome to the life of an idiot.

Anyway, I nearly lost my entire month on this bullshit, selling into a spike... what's worse, Sanglucci kept telling me I was trading like "a herb" rubbing it in with his "cool kid" slang terms.

You know what? I'm 95% sure I'm going to make this same mistake some other time, so I won't even claim to have "learned anything" from the trade. What I did learn, is that I trade okay 90% of the time... then 10% I trade like a crack addict.

Luckily, I was able to make a little money off of the bonanza in V during the afternoon.

Anyway, here's the stats:

P&L, $95
Best, MON, $443
Worst, BG, -$773

21,800 shares traded.
16 stocks traded, 10 winners, 6 losers.

Virtual Office, -$48. SPX, +2.50, 1373.40.

OBAT, $494 on 9400 shares traded.
Me, $95 on 21,800 shares traded.
Ainkurn, $4 on 1050 shares traded.
Wincity, no trades.
Retardo, no trades.
Timmay, no trades.
Dehtrader, -$202 on 6614 shares traded.
Denarii, -$215 on 4800 shares traded.
Sanglucci, -$224 on 47,800 shares traded.

You might look at the indexes today and think nothing happened. I mean, we were barely up on the day, with not too crazy of a range and the volume sucked. But it was a fucking warzone out there today...

Some guys in my main office got completely smoked... no cake was made anywhere. But it's really odd, because the agriculture stocks were acting like crackheads, and the coal stocks were wiling out. Meanwhile, did you see the action in V today? I have it on good inside information that the buying there was coming out of the deep south.

The VO had a pretty crappy day. OBAT made money, but when doesn't he? Dude just chills on a pacific island toying with the stock market all day long, buying beaches and shit. Meanwhile, Evolution had a good day I think, but he forgot to report his numbers... he thinks he's Timmay or something.

Anyway, I need to go have a drink. I'll have a daily post up this evening... I have some shit to vent.

I'm Alone, In A Fucking Desert Today

Humorous Pictures
see more crazy cat pics

When Imbalance Orders Go Bad

Here's the trade I lost $400 on at the end of the day yesterday...