Thursday, April 17, 2008

Death Cab For Cutie, "The New Year"

Virtual Office, $270. SPX, +2.60, 1373.50.

Sanglucci, $2212 on 52,600 shares traded.
Dehtrader, $216 on 6698 shares traded.
Denarii, $29 on 4800 shares traded.
Retardo, no trades.

OBAT, -$48 on 15,000 shares traded.
Ainkurn, -$250 on 750 shares traded.
Me, -$1889 on 21,200 shares traded.

What a fucking mess...

Not sure what to think when it takes us until 3:40 to hit a billion shares traded on the NYSE smack dab in the middle of earnings season... an anticipated earnings season at that.

Are people throwing in the towel on investing in the stock market? Where is the money flowing? Not into stocks, despite the recent runs in the indexes.

It's waaay too fucking quiet out there and it's freaking me out.

I got my clock cleaned. I won't have a daily post up tonight, but I can break it down for you in this way... "new DT" lost $500 and then the "old DT" took over and lost the rest. $1300 courtesy of CLF.

Needless to say, "old DT" is not allowed in my office anymore.

GOOG looks like it blew out earnings... over $500 afterhours... I guess the rally continues.

Props to Sanglucci, for keeping the VO respectable. He "juiced" the ag stocks, I believe.

Tilt Session

I started the day well, with a few controlled trades in a shitty tape that had me up a few hundred bucks. Then, I ran into SLB and started giving money away. So I lost my gains and was down a few hundred. No disaster, but I should have read the warning signs.

Going from positive to negative is just never a good thing. My next trade, set me up for a real tilt.

So now I was just angry at myself. Yes, it was a complete fuckjob in that stock, but more importantly, I was down big and should have walked away to take a breath or something. Instead, I found CLF... all the metals stocks are down except for him.

I got short, stubborn, and smoked... doubling my losses.

So I'm done for the day and walking away from the computer.


"Tomorrow night they would be outside the Escorial in the dark along the road; the long lines of trucks loading the infantry in the darkness; the men, heavy loaded, climbing up into the trucks; the tanks being run up the skids onto the long-bodied tank trucks; pulling the Division out to move them in the night for the attack on the pass. Dinosaur Trader would not think about that. That was not his business. That was Golz's business. He had only one thing to do and that was what he should think about and he must think it out clearly and take everything as it came along, and not worry. To worry was as bad as to be afraid. It simply made things more difficult."

A Disappointed Reader

Last night, some poor soul searched for "up the ass with a candlestick" in Google. Their first option was this post... something tells me they left my blog disappointed.