We always say that trading does not have to be hard. Like Bella says, when I go to the bank at the of the month they are not going to question how I made my money. Yes, some days I have to grind my way through a good day but even on slow market days there is plenty of free … Read More
Enjoy the Company of your Fellow Coworkers
Last Friday we had a company outing. We stopped trading a bit earlier and headed up to watch the new Batman movie in the IMAX screen. The movie was great, I mean it is hard to dislike a movie when you are watching it on a huge screen with sound so loud your seat actually shakes during explosions. After the … Read More
Summer Trading
The slow part of the summer is upon us. Seasonally this is the best time to take time off to get ready for another exciting year of trading. August is typically a very slow month in trading, especially the last two weeks of the month. If the volume and volatility is not there, it is not the time to sling … Read More
Fire Sale Prices on CROX
I have to start off by saying that I do own a pair of crocs. I don’t wear them very often out in the city but when out on vacation I sport those bad boys out. Yes, they are very comfortable and oh boy are they some ugly-looking shoes. But hey, I will give up fashion over comfort on any … Read More
Managing Your Profitable Position
During the fourth of July weekend I wrote about oil being ridiculously overpriced (see the blog entry here:Wicked oil). Over the next 2-3 sessions after blogging about it, oil sold off hard ($144 to the low $130s) but it didn’t necessary top off the way I had expected. It was a good sign but I did not have confirmation for … Read More
Spreading Yourself Too Thin
Earnings season is an exciting time for us as traders. As Bella puts it, this is our Superbowl. Today was a great example of why this is an exciting time. I love being on the bus on my way to work scanning through briefing on my phone and seeing that a few of stocks I trade well have reported and … Read More
Rally Monkey Come Out and Play
Today we saw good strength on the financials with our money maker WFC leading the market. It was definitely a good stock to watch today on the open. It was a bit sketchy into the close and it made it easy to churn away profits in the middle of the day. But overall if you stuck to buying and selling … Read More
Trading Slumps: Don’t Stop Believing
Recently one of our guys was struggling. His Luger’s fund (money donated by our desk for a celebratory meal at Peter Luger steakhouse http://www.peterluger.com/) jokingly(?) turned into Mike’s Survival fund as you can see from the picture. Trading slumps as they are usually known, happen to the best of us. To me it is just a psychological barrier that slowly … Read More