I'll be waking at 4am to go owling tomorrow for my local CBC, so I'm posting this Open Thread a little early.
Eastern screech-owl, red-morph. Photo courtesy of the Raptor Trust, New Jersey
Now is a great time of year to go owling. Next time there's a full moon, check with your local Audubon Society chapter and see if they're planning an owling trip. It's something that you won't forget.
If this song is about having a nervous breakdown, it makes a little sense to post it today. It even makes more sense to have it sung by Kermie...
Chopped. No better way to explain it.
I'm hemorrhaging money. I can't recall a time in my entire trading career when I entered positions and was immediately out of the money each time... it's just uncanny and it seems statistically impossible.
Anyway, I've never been so relieved to have a very busy weekend ahead of me. I don't want down time because that would just make me think too much... I want to be constantly occupied or sleeping for the next 62 hours.
Not sure what happened to the days when volatility worked in my favor. We're getting huge moves in the indexes but I can't capitalize, making my situation even more frustrating.
Here's the stats:
P&L, -$1513
Best, DSL, $167
Worst, LDK, -$697
31,400 shares traded.
13 stocks traded, 2 winners. 11 losers.
NOTE: Just listened to "Across The Universe" by the Beatles. Feel much better now. Nothing's gonna change my world. We'll get em Monday.
Evolution, $1048 on 110,000 shares traded.
OBAT, $396 on 12,600 shares traded.
Sanglucci, $220 on 8600 shares traded.
Dehtrader, $182 on 6368 shares traded.
Retard, $48 on 1 contract traded.
Wincity, no trades.
Akalawoo, no trades.
Misstrade, -$220 on 4000 shares traded.
Me, -$1513 on 31,400 shares traded.
Just over 1.2 billion shares traded on the piece of shit Hybrid Market today.
Fuck the NYSE.
If that's a little too negative for you, I suggest you go check out one of the bloggers who's currently making money, because I haven't a fucking clue.
Evolution had a great week.
I had a shitty week. In fact, I can't remember the last time I was so wrong so consistently, had so many issues with my systems and just plain sucked.
Clearly, my head is too clouded right now for me to write an intelligible market commentary.
Enjoy your weekend.
It's not, "Cut your losses short" or "Let your winners run."
No, the #1 rule of stock trading is simply this...
THINGS CAN ALWAYS GET WORSE.
Ominous, yes... but true. Very, very true.
The Law of Fuckery: Those trades that appear most promising, are also the trades that will twist up your insides and ruin your day when they fail.
With all of the solars strong this morning, I gravitated to that sector to scan for trades.
I found LDK which appears to be flagging on the daily chart after it's recent strong run. I noticed that yesterday afternoon, $58 appeared to be fairly strong resistance. When it tested $58 again this morning, I decided to watch and wait for a break of that level so I could buy.
I caught the run up to $59, turning the stock into my best winner in days. However, I bought the stock again when it came back down to $58 since I now expected that level to act as support. This is where my troubles began.
As you can see, it broke $58 and shot back up. I exited my position when it broke $58 (and got an awful fill) but then anticipating the spring back, I bought again at $57.66. The stock teased me by trading $58 again, (where I added to my position) but that turned tail and cracked again.
It's now my worst stock of the day and I'm solidly red.
This week has been tough for me.
If I can figure it out, I'm going to post this in the Peanut Gallery as well...
Take a classic song from "the Cure" and add a touch of sarcasm. Perfection.
If you are unfortunate or, well, stupid enough to live in the Northeast, snow and sleet is currently "wrecking havoc" in your community.
If you go outside, you're risking your life. This is a "killer snowstorm" that has left scores dead in the Midwest.
You are being "pounded" with it.
Don't even think about stepping away from your television to see what it's like to stand on your front lawn and listen to snowflakes hit the ground in the silence of the evening.
That would be crazy. You risk slipping on your steps and breaking a few ribs.
Then, your insurance company would screw you.
Don't drive your car. You will surely die in a car accident or be stranded when your car slides into a snowbank and die there.
Gather candles, blankets and food.
Stay inside. Watch TV.
Keep watching for more alerts.
I don't even want to get into it. I'm shot.
Here's the stats:
P&L, -$619
Best, CNS, $235
Worst, BEN, -$380
28,400 shares traded.
13 stocks traded. 5 winners, 8 losers.
Evolution, $2807 on 97,200 shares traded.
Dehtrader, $933 on 2654 shares traded.
OBAT, $120 on 12,000 shares traded.
Akalawoo, $26 on 2 contracts traded.
Misstrade, no trades.
Wincity, no trades.
Sanglucci, -$102 on 24,800 shares traded.
Denarii, -$408 on 3000 shares traded.
Me, -$619 on 28,400 shares traded.
Goddamn! CNBC teased that baseball steroids report all day long. At one point, they went so far to stop a legitimate interview in order to let everyone know that Roger Clemens was on steroids.
Then, when ex-Senator Mitchell came on, I felt as if I had been drugged. What slow state is that dude from? Note to Senator Mitchell: humans can process more than 20 spoken words a minute.
We traded about 1.4 billion shares on the NYSE today. Oh, and I fucking hate robots.
Due to a communication problem I'm having with the "retards" (go figure) I may not be posting their number (numbers?) until tomorrow. I think we need to be patient with them...
This guy, George Mitchell, what is he the baseball commissioner? He's the most boring public speaker I have ever heard. I literally fell asleep while he was talking.
UPDATE: He's not the commissioner... he's an ex-Senator. A really dull ex-Senator.
Back in elementary school, being labeled a "retard" was about the worst thing possible. There was one thing worse, being labeled a "gay."
Anyway, imagine purposefully labelling yourself a "retard" and then revelling in this image by creating a whole "retard world" that you reigned over.
I find it all a little disturbing... not to mention politically incorrect.
I mean, I guess if you label yourself a "retard trader" that you're setting your expectations low as far as your trading abilities go. You figure, well, if I do poorly everyone will understand why... if I do well, I win!
I guess it's a way to take the pressure off.
However you open yourself up to different pressures, like being attacked by an army of "retards" and their killing robots.
With that, I reluctantly welcome the Retard Trader to our humble Virtual Office. I'll say this, they have the best looking site in the VO despite their impaired mental faculties.
Dedicated to the wizards who orchestrated the subprime mess. Happy holidays!
