Colbert On The Price Of Gasoline

Radiohead, "Lucky"

Great fucking week. I'm like, "high school depressed."

Why I Feel Like Lighting Myself On Fire

After last week, where I gained 5 successive green days, this week, I've been smacked 5 times, digging myself a deep and cold hole to start the month off.

Special note to mother market: You win. I've been permanently humbled. Should you ever see fit to let me be a profitable trader again, I promise always to show you the proper respect.

I'm down a little today, instead of taking the day off, as planned, I decided to come in and trade small.

Here are the two trades that "broke my heart" today.

First off, in OII. I liked the base under $70, a key level, the high volume, and the relative strength versus the market. I entered 400 shares at an average price of $69.85. The stock shot up, with convincing volume through $70 and hit a high of $70.47 before reversing back to the $70 level. I did not lighten my shares during the move up, because frankly, I was expecting at least a 1% gain on the breakout. I had a limit to get out of 200 shares up at $70.67.



When the stock reversed, I expected $70 to hold, so I added 200 more shares at $70.08. Alas, the stock broke $70 and I was forced to exit my entire position, all above $69.85. So, not a big loss, but depressing, because I really felt good about the trade.

Later in the day, I reentered this stock at $70, got shaken out at $70.44 and watched it run over $72. Truly, I am due to catch one of these moves soon...



And then there was CAM. Here's I missed the original entry, but bought on a pullback to the entry level, at $51.12. I held while the stock moved up to a half, and adjusted my sell stop up to $51.15 where it came back to take me out of the trade, before ripping up to $52.



I can point to many more examples like this today. Seriously, I feel as if I'm jinxed lately, getting stopped out of positions at the lows of their moves (or highs when I'm short.) I'm extremely frustrated right now.

Oh, and fuck "TraderMD"for having so much success using this HCPG stuff while I struggle like some refugee in a third world country. To make matters worse, the dude isn't even a trader... he's gonna be a doctor. He's just doing this shit for fun.

Pure hate.

Anyway, I doubt the weekend will do much to clear my head. I'm that pissed. I'm just gonna come in Monday and keep my size small, until I start catching good moves.

Off to kill bugs and mutilate cute furry animals.

Here's the stats:

P&L, -$178
Best, OII, $130
Worst, JEC, -$190

10,600 shares traded.
11 stocks traded, 3 winners, 8 losers.

Virtual Office, $2223. SPY, -0.26, $138.95.

Sanglucci, $1920 on 46,000 shares traded.
Tokyo, $394 on 1312 shares traded.
OBAT, $263 on 5800 shares traded.
Retardo, nothing.
Denarii, -$16 on 4600 shares traded.
Ainkurn, -$160 on 500 shares traded.
Me, -$178 on 10,600 shares traded.

Hey, you notice that? There's a new trader in the VO, Tokyo Trader. Ultimately, his entrance may "top tick" the VO, as I'm extremely close to canning it in it's current formation and starting it over again, in a different way. I also have another new member all ready to go... we will see.

If you're wondering why those two poor souls didn't get the normal VO welcome, it's because I'm in a horrendous mood. Even my terrific sense of humor is failing me... sigh.

I have many reasons to hate the VO right now, but not enough time to really elaborate. Just know that soon, it may disappear, or radically change. I feel like it's become a sort of "special olympics" of the stock blogging world. Not that there's anything wrong with people who participate in the special olympics.

Anyway... guess what, we set a new record for the lowest volume day of the year. What a fucked up week. My real office suffered some true damage... not "special olympics" damage either... I'm talking significant losses.

Enjoy your weekend. Don't light yourself on fire or anything... that's for me to do.

SPECIAL MESSAGE TO PARANOID PEOPLE: You're right.

How To Make Gasoline Cheaper...

Bush was on the television the other day discussing his desire to make the tax cuts permanent. That would be wonderful... I can't stand taxes.

But how do you make up for those lost revenues? Here's an idea, and it would also make gasoline cheaper... Cut the income tax, like Bush wants (and I want) and supplement the lost money with a higher gasoline tax. Simple.

Encourage people to work harder by allowing them to keep more of their income while discouraging them from purchasing gas guzzling vehicles that are not only bad for the environment, but for our overall foreign policy as well.

We don't need to drill in Alaska, like they were discussing on CNBC today. That's just another short-term solution. (I agree with most of what Vince Farrell was saying, BTW.)

We need bigger, longer term initiatives that will end our dependence on oil and gasoline, not increase it. The oil guy was saying we'd get 10 billion barrels (potentially...) from ANWAR... that amounts to an extra 1 million barrels of oil a day. We're currently using 20 million barrels a day, so that'd give us a potential 5% increase in supply.

So what kind of savings can you really expect at the pump? To be generous, 5%? Or, 20 cents on $4 a gallon of gasoline?

Is that really the best we can do? Is it worth continuing to ruin the environment? Absolutely not. We need to show leadership and develop new technologies. Imagine America exercising some positive leadership in the world again? That would be nice, and it would also provide jobs.

A decade ago, we produced 40% of the solar panels made in the world... now we produce 8%. Look, you don't have to be a genius, or even a liberal democrat, to see that oil and gasoline production is not the future... so why are we heading backwards?

Fleet Foxes, "Innocent Son"

Backstage Sessions : Fleet Foxes - Innocent Son from Hard to Find a Friend on Vimeo.

Virtual Office, -$1963. SPY, +0.16, $139.68.

Denarii, $84 on 6200 shares traded.
OBAT, $18 on 13,600 shares traded.
Retardo, no trades.
Me, -$897 on 9200 shares traded.
Sanglucci, -$1168 on 40,800 shares traded.

If Monday was the lowest volume day of the year, today was either the second or third lowest of the year. The reason I tend to harp on volume is because as an active trader, it stands for liquidity. Liquidity is extremely important for very active traders, as those little dimes and nickels tend to add up over the course of a day. And, not surprisingly, this week has seen my real-life office get taken to the woodshed.

Anyway, here, we deal with the virtual office, and the VO also took a trip to the woodshed. In general, this is not a trader's market. Yes there are hot stocks here and there, but overall, not a friendly market.

I lost my money early and decided to try to make a negative a positive by finally cracking the books on my Series 55 exam. Damn these tests are boring... but I'd like to get back to trading at least a couple NASD stocks. We'll see how long it takes me to study for this thing... could take forever. Very slow reading.

Maybe I'll have to publish a Series 55 Juicy Cliff Notes or something, replete with sex scenes and cursing.

Developing...

John McCain On "The Daily Show"

Good interview, though I wish he had grilled him a little more on being so close to Bush... especially after the 2000 election. I was for McCain in 2000 before Bush's dirty campaigning ruined his chances of winning. The fact that McCain has so solidly supported Bush in the last few years makes him an untouchable candidate for me now.

Fleet Foxes, "Innocent Son"

I've gone max down on the day again... (-$546) so I've decided to take tomorrow off to regain some composure and perspective. The VO will be up this evening.

Enjoy the music.



This song is amazing. Here's the lyrics.

Go Vote!

A few of my blogrolled friends are fighting for supremacy... go help them here. You don't even have to sign up for anything, just click and be gone...

I supported, "The Fly," "Wall Street Fighter," "Alphatrends," and "Maoxian."

Thanks.

Tibet: Cry Of The Snow Lion

See this movie... you can watch all ten parts on youtube... for free... Below is the first.

Sonic Youth, "Youth Against Facism"

Virtual Office, $3371. SPY, -$2.43, $139.57.

Sanglucci, $2984 on 42,200 shares traded.
Timmay, $374 on 1300 shares traded.
OBAT, $237 on 6600 shares traded.
Ainkurn, $190 on 700 shares traded.
Denarii, $109 on 1300 shares traded.
Retardo, nothing.
Me, -$523 on 16,200 shares traded.

Well, it was a bad day for the market, but a good day for the VO.

It was strange... lately, commodities, fertilizers and financials have been trading somewhat inverse to each other... it felt like a sector rotation was occurring. Today, everything just got sold. The one silver lining the bulls can take from this session is that volume was light.

So you know what? I wouldn't be surprised to see a low volume bounce back above 12,900 tomorrow.

We shall see.

Since I've been in front of the computer way too much since yesterday, I won't have a daily post up this evening. It's a nice day here and I think a good bike ride will be more beneficial to me.

Enjoy the evening.

Ignorance Is Bliss, Afterall...

A new study finds that "right wingers" are happier than "left wingers."

Why? Because they tend to rationalize away inequalities. In other words, they lie to themselves more...

DT For Hire

As you can see from the chart below, I boosted "the Fly's" (notice, back to small "t") traffic by approximately 1356% yesterday.



Cynics may say, "Yeah, but didn't "the Fly" promote the elections for the better part of 2 weeks? Couldn't the bounce have come from such promotion?"

And to that, I'd say, you're a cynic, stop being such a dick. No one likes a cynic.

Shoot me an email if you're interested in hiring me to write shit for you. Since I can't make money trading currently, perhaps I'll just be a third-tier blogger for hire... we'll see where that gets me.

NOTE: If you didn't have a chance to stop by last night, at least check this interview with Jake Gint. It got a warm reception, despite the fact that Jake Gint is a twisted, wingnut.

You see, if I'm able to cast such an ornery figure in a likeable manner, imagine what I could do for your cynical ass!

The Daily Show Discusses The "Gas Holiday"

Man, after blogging all night last night at iBankCoin, I'm exhausted.

Watch as Jon discusses Hillary's pandering, and how she's becoming the female version of... GEORGE FUCKING BUSH!

Virtual Office, -$1546. SPY, +1.02, $141.85.

Ainkurn, $93 on 300 shares traded.
Denarii, $68 on 3600 shares traded.
Retardo, no trades.
Me, -$97 on 7200 shares traded.
OBAT, -$126 on 18,400 shares traded.
Timmay, -$170 on 5000 shares traded.
Sanglucci, -$1324 on 17,800 shares traded.

The Virtual Office is currently out of order.

Another day of losses, which is becoming far too common. This market is stuck. There's no conviction on either side... no fear that the market is about to dip to 12,500 and no greed hoping that the market is about to rip to 13,500.

So we sit here at unlucky number 13,000 on the Dow, just biding our time and churning our accounts. The summer looms like a boring 4 hour foreign film... if we can't make money now, what will become of us in June and August?

Okay, onto an important matter. As you know, I am "live blogging" the election this evening over at "the Fly's" place. I will be posting endorsements and such, keeping things real and hopefully fun. Please come visit, I'll be posting there until midnight. And when you do, please place a vote for Green Writer.

Why Green Writer? Well, this dude has posted his ass off in the Peanut Gallery, without a whole lot of fluff or fanfare. He's like that minor league ballplayer who gets promoted to the big leagues when he's 35... everyone knows he deserves to be there, he just needs to get his shot. Plus, he discusses stocks, not options; I agree with his environmental outlook, and he's the underdog.

Please go give him a VO bump now... it will take all of 5 seconds. Just visit that link and you'll see where you can vote on the upper right side of the screen. Thanks.

NOTE: As of this post, GW has 29 votes. Let's get him up to 50.

Slow Posting Today...

It's gonna be a slow day here at Dinosaur Trader blog, as I write/edit a bunch of shit for my "employer."

Please visit "the Fly's" blog this evening as I "egregiously moderate" the big election.

I will offer an endorsement along with today's VO.

No Age, "Boy Void"

No daily post tonight... I'm very busy.

Virtual Office, $203. SPY, -0.72, $140.79.

Timmay, $353 on 3000 shares traded.
OBAT, $162 on 6800 shares traded.
Denarii, $12 on 2400 shares traded.
Retardo, nada.
Me, -$324 on 20,200 shares traded.

The market had no volume today... none. We barely crested the 1.1 billion share mark. That's really hard to believe. If you're a bull, it's great news, since we were down almost 100 points on the Dow. But with volume like that, it's actually very healthy looking. It was the lowest volume day of the YEAR.

Anyway, all I did today was trade oil and gas stocks. Oil is ripping again... commodities are ripping again... frankly, I'm sick of these stocks. I have a really bad feeling the the market is going to suck, for the next 10 years.

The VO is dying of mediocrity. Later this week, I will introduce two new members. I'm pretty sure that they will be mediocre as well. It's just the way things are right now. In fact, I may close the fucking VO because it's even beginning to bore the hell out of me.

Fuck. Developing...