Tuesday, September 23, 2008
What a fucked up day. All day long, I'm buying a stock (ENER) that isn't oversold on its daily, has bad news, and isn't bouncing. Talk about a loss of focus. For that, I wear the label of "manservant." It was my worst day in a very, very long time. Perhaps my worst day of the year.
Anyway, the entire office got smoked. The funny thing is that everyone was trading different stuff today and nothing seemed to work. I mean, even today's "bosses" are lame.
In fact, today was so fucking feeble that I'll have to post an especially bad song this evening. (h/t to "Trader E" for the selection)
However, let's take a lesson from this, shall we? Last week the RO made a ridiculous amount of money. Today reminds us that losses are also part of this game. The market is a humbling place to work. It's important to respect its power. It giveth, and it taketh away.
Accordingly, with a look at today's RO smokefest and a glance at the lowest trading volume in weeks, I will change my trading strategy going forward until volume returns. You can't fight the market, you have to adapt to it.
Indeed, I may have to devote an entire day to the HCPG (the "G" is for gay) method again, as sort of punishment.
Trading like a "crackhead" in a low volume market is a good way to impoverish yourself.
Well, let's get this over with. Out of 21 traders today, only 5 were gross positive, or 24%. That may be a new low for the RO. 10 traders lost over $1,000 gross. I was number 17 of 21 today, or disgustingly red. Indeed, I am the "manservant" known as "Trader S."
Perhaps my old baby, the VO, did better... NAH!
Here are today's "bosses."
1. Trader C, $1,395 on 94,700 shares traded.
2. Trader P, $998 on 29,500 shares traded.
3. Trader K, $791 on 25,800 shares traded.
4. Trader T, $607 on 5,100 shares traded.
5. Trader 3, $50 on 2,200 shares traded.
And the "manservants."
1. Trader B, -$11,564 on 503k shares traded.
2. Trader H, -$9,383 on 14,000 shares traded.
3. Trader A, -$7,169 on 481k shares traded.
4. Trader D, -$5,243 on 90,300 shares traded.
5. Trader S, -$2,686 on 30,600 shares traded.
They probably want to ask her questions and shit...
Bravo to the Republicans and the McCain campaign for thwarting the "liberal media" (even those crazy left-wing WSJ reporters) once again.
However, the media is playing hard ball...
In the last couple of months, due to technical difficulties, my blogroll has been in a state of flux and decline. So in an effort to bailout my blogroll I am asking you, respected reader, to help me reinflate it.
Are there blogs that provide great daily content, preferably funny, because let's face it, the stock market is boring, that I'm missing? If you'd like to see something on my blogroll that isn't already there, add it to the comment section and I will run it by my "Blogroll Development Committee."
Thank you for your kind assistance.