Sunday, September 30, 2007

Jay does it again...Mr.Olympia


Jay Cutler- Mr.Olympia 07 (that's #2 for jay)

Meanwhile, David Henry got 10th,,,,the guy was just shredded, you can't get any better than this.

And here's Timea,,just so you guys don't think I'm GAY or something.

Saturday, September 29, 2007

End of the Quarter Recap

What has changed this year,,,,,something must have happened during all that mess we had in July and early August,,,right?!
I'll tell you what happened,,,,,,,absolutely nothing. The rich got richer, and the poor got poorer. If you thought the market was going to correct back in July over the subprime crap, you got screwed, just like you probably got screwed back during the selloff that started back in late February of this year over the China stock market scare and because of what "Greenspan" said the chances of a recession were.....

What has happened with all the different sectors since last quarter?
The big Institutional money that controls our stock market are simply riding the trends.
Look at the homebuilding sector..Still hitting new change there since last quarter
Look at the Emerging markets and Oil sector,,,,no change there since last quarter,,,
still hitting 52 week highs, with the Shanghai stock market making new highs everyday.
Has anything changed, besides more retail traders blowing up there accounts making big bets thinking the market is going to move a certain direction, only to find the volatility fade away after FOMC announcements.

I suggest reading Betweenthehedges blog this weekend and checking out the weekly recap.

Thursday, September 27, 2007

VIX Calls are cheap

The Vix was around 28 a couple weeks ago, I think they are cheap right now.

When does the Shanghai stock market ever pullback? Do those investors ever lock in profits? 3000pts in a month. That market is 3x better the the SP500.

Wednesday, September 26, 2007

Market Crash by year end


Expecting the DJI to retrace to 12,000 by year end. Get out now while you still can.
Notice how gold and oil is at all time highs. Tensions over war. Defense stocks barely retraced in July's selloff and are now hitting new highs. The best way to trade this is to short small/mid caps and hedge long with big caps, because small/mid caps will be sold off first. Next look for financials, and consumer staples to selloff. The market seems like it is just drifting right now.


When stocks with big dividends are being sold and hitting new lows, that is when you know we are in a bear market. Currently some of the dividend stocks I look at are making new highs on increased volume, so some funds may be unloading near the top.

I'm bored and haven't read anything interesting in the stock market lately. Is anyone else bored with this stock market? Looks like another lame week until BoE comes out with it's interest rate numbers next week. Remember to short financials if it looks like a sell and buy tech or china if it looks bullish.

No one has talked about the bill Schwarzenegger passed making Calpers divest from stocks associated with Iran. I looked for those stocks, and I couldn't find any. Darn. Foreign money is being pulled out of Iran's market, and Bush increased the war funding in Iran to $190 billion. Commodities hitting all time highs. US dollar at all time lows.....Is there going to be a bigger War than what we already have?

Divest Terror

Not to many blogs are talking about it. Interesting. Money being pulled out of Iran stocks.

White Boy can Dance!

I remember watching this video like a year ago. And had to find it again to get my daily laugh in.

Sep 26 $123 on 4 contracts


Traded an hour. I know my P/L is small, but at least I'm still trading and not losing money. I'm trying to be more patient with my trades and I'm going back to what worked in the past, which was averaging into trades and waiting for my signals.
NYSE A/D is bullish this morning. Expecting continued strength into the close, but not without some mid-day chop on this light volume.

I watched the weirdest movie last night called BUG!
The movie starred Ashley Judd and 2 other guys. I must say, Ashley Judd looked like crap in the movie. The first 45min was really lame, and I was wondering when it was going to get interesting, but the last 30min made it worth my wait. From the cover you think the movie is about Bugs that attack, when in fact it is about a paranoid schizophrenic named Peter, that believes the government implanted "bugs" underneath his skin, which ultimately leads to Ashley Judd and Peters demise. This movie made me think, is that what some schizophrenic people go thru? Wikipedia reports that 0.4-0.6% of the population have this disease, and I think that is 0.6% too much.

Tuesday, September 25, 2007

Sep 25 A whopping $57 on 8 contracts


I traded for an hour today from 10-11am, getting a good nights rest after watching my favorite shows last night on Tivo!
I wasn't expecting much today for the time I traded, just some small scalps to keep my hand in the game.
I never want to feel stressed out when I trade, ever again. Trading shouldn't be like that if you want to last through the test of times. You can call me lazy, but I'm just kicken back and trading light, because I hate having on a large position going into the close and having to stress about the position moving a couple cents against me.

Here's another video for the day, I spent 1 hour trading, and 1 hour you-tubing...

Monday, September 24, 2007

Angelina Jolie Naked

If you watched Family Guy last night for the season premiere, the opening made fun of Angelina,,and also mentioned how she was naked in the Movie Gia,,,,
It's true, she does a lesbian scene if I remember correctly,
to think that the movie was done so long ago, and yet she is still looks just as hot.

Well, have I got a surprise for you,,,at the end of this film, She's naked,

You gotta watch the whole thing, no skipping ahead now.

The Moment the World has been waiting for,,,,,TONIGHT


If you watch NBC,,,,you know today is the day,,,,for,,,,,,,,,,,HERO's......
I confess, it's my favorite TV series,,,that and HOUSE.
I'm gonna have to Tivo it, because I got work late tonight.
Last year when I was losing all my money in the stock market I always felt better by watching HOUSE; another medical drama with Hugh Laurie (who got jipped an Emmy or whatever award it is that they just had,,he should'a got it, of course that's biased because I don't watch any of the other shows as I don't have time for TV)
Here is a nice little spoof on Hero's,,,,,,,called,,,,,ZERO's.

I don't think this years season of HERO's is going to match last years performance, but I'm hopeful. I hear Sylar isn't going to be in as many episodes, because he's gearing up for a new Star Trek movie, where he plays Spock.

I found a MadTV spoof on HOUSE too,,pretty much sums it up-

Sep 24 $600 on 6c


Shorted the open, done after 30min. Time to do homework before work now. NQ looks the strongest today, but I have a bearish bias for the first half of the day, being that it is the Monday after OPEX. AAPL at new highs today. FXI opened $5 higher today, the gains in that ETF are sickening, I think I may look to buy some calls on the next dip, if it ever,,,,pulls back....

Friday, September 21, 2007

Cramer on CNBC

Cramer seems way to Happy and Euphoric on CNBC right now, expect the market to crash in the next 2 weeks.

Odds of a Recession,,,???

Former Federal Reserve Chairman Alan Greenspan said the odds of a recession remain ’somewhat more’ than one in three even after this week’s cut in interest rates, with home prices likely to drop further and hurt consumer spending.....

OK, can someone tell me the logic behind giving ratios for a recession.....Does it make any sense?

When we get to a 98% chance of a Recession Mr. Greenspan, should I start to worry?

Honestly, what decides these ratio's that are just crapped out?

When the GDP goes to 2.5%, how will that affect the "chance of a recession"?

When the Fed cut US GDP forecast for 2007 back on FEB 14, guess what happened a couple of weeks later???? Correlation or Causation?

You know I heard that 80% of statistics are wrong???Does that make any sense?

OK so what is a Recession "EXACTLY",,,here is the official quote taken from the online Dictionary,,WIKIPEDIA---

In macroeconomics, the definition of recession is a decline in any country's Gross Domestic Product (GDP), or negative real economic growth, for two or more successive quarters of a year. However, this definition is not universally accepted. The National Bureau of Economic Research defines a recession more ambiguously as "a significant decline in economic activity spread across the economy, lasting more than a few months." A recession may involve simultaneous declines in coincident measures of overall economic activity such as employment, investment, and corporate profits. Recessions may be associated with falling prices (deflation), or, alternatively, sharply rising prices (inflation) in a process known as stagflation. A severe or long recession is referred to as an economic depression. A devastating breakdown of an economy is called economic collapse.

OK, did I just read that right?
DECLINE IN GDP--------------------CHECK
THAT EQUALS-------------------3/3=100%

BUT MR GREENSPAN says the chances of a RECESSION ARE-----33%

SO what definition is Greenspan basing his "chances of a recession" on?

Here is a table of some of the interest rates around the globe stolen from FXSTREET-

You know, I read in Mark Fishers book, the only 3 questions that count,,, that as long as the Global GDP is up, the bullish bias in the stock market will continue, with the countries with the best GDP's obviously out performing, and THAT IS EXACTLY WHAT IS HAPPENING,,,,,,FXI,,,,,100% up room to go....FISHER OWN'S---- PTR, so does Buffet,,,You know who owns FXI,,,,James Simons over at Renaissance Trading.....110% up room to go,,

So as long as we remain in the dark on where the US GDP stands, and we keep getting bad economic #'s that the FED can laugh at,,, the market can keep going up. Meanwhile the GDP in China is on a tear.....OK look at this chart,,,,SYMBOL CEA--

It's an airline carrier,,,,,?????? Needless to say, if it had options, I would buy every put I could on it...Meanwhile the airline sector in every other country besides China, is going anywhere but up.

Guess what, we got the BoE (bank of England) with the interest rate decision coming up October 3, and guess who's got the ol' credit worry and discount window thing going on right now!?

If you are a BEAR,,,,,you have got to be psychologically going through some SERIOUS PAIN right now!

Thursday, September 20, 2007

GOLD Futures up $15?

Pretty much every commodity is up today across the board. Gold at new highs. Oil is a couple cents away from its highs. Everything from corn to pork grinds is up. Meanwhile the US dollar is hitting new lows against the Euro, Canadian dollar, and the Swiss Franc isn't too far off either. So as the US dollar depreciates along with US homes and commodity prices increase inflation the stock market makes NEW HIGHS. If that was a statement on a True or False question for a test I was taking I would have chosen FALSE. Anyway, can someone tell me what is going on with The Governor and Company of The Bank of Ireland (Symbol IRE)? Look at the chart-

With a Market cap over 5 billion, the institutional ownership is incredibly low.

I'm looking at VIX options for November, and I see that selling puts right now is probably a good bet. There happens to be big open interest at the 25 call. If I were a hedge fund I would definitely be hedging myself to the downside right now after a 400pt run up in the Dow, with potential bad news that could come out over the weekend buying some VIX calls wouldn't be a bad idea in the short term.

I don't want the stock market to go down, as I'm sure Warren Buffet doesn't either. How does Warren Buffet hedge his portfolio? Anyone ever ask that question.

Guess what HAL made 52 week highs yesterday. If you can't beat um, join um, right. (Cheney)

Guess what hedge fund made the most money this year, particularly during the July-Aug selloff, the one with the word Paulson in it. (Paulson)

Paulson and Cheney,,,,,,,Bush,,,,,Oil,,,,,,Correlation does not mean causation, is that how the saying goes.
As President Bush said earlier this morning,,,,I will not comment on the matter. (Iran, Syria)

Ok, one more skeptic criticism of the market- From Reuters- Bear Stearns Cos Inc (BSC.N: Quote, Profile, Research) posted a 61 percent drop in quarterly profit on Thursday on bad bets on subprime mortgages and disrupted fixed-income trading, but its shares rose after the firm said the worst was largely over.

So,,,,,BSC is up over 2% on a 61% drop in their profits,,,,,,,

To all you longs out there, don't lock in any profits if you are up, in fact you should double up to the upside, all this news out there is just hog wash. When Ms. Clinton becomes president (DEM), expect the market to do what????? Exxon supports REP's remember. Ok, enough with the whole stock market and political conspiracy stuff. I'm out of the markets and living a stress free life!!!!!!! WoooHooo!!

PS.- I'm listening to Bernanke responding to questions right now, a Congressman brought up the question, how do you morally justify the depreciation of the US dollar,(bring up points of propping up the Stock Market while inflation rises, ie commodities rise),,,,,Bernanke pretty much said in response, we are monitoring the Inflation through our INDICATOR, Next Question!

Oh, wait, now that was funny,,,,,Paulson "can you repeat the question?" (laughing),,(regarding the housing and credit concerns in the US),,,,,,,and the answer is,,,,,OH WAIT,,,he doesn't answer the question,,,,totally side stepped that one,,,,,No wait here it is,,,,,I will prefer to discuss that personally,,,,(not on the open air where millions of Americans can hear it,,OK)

Ok, now for more controvery--THE JENA 6

If a white kid hung a noose on a tree in Oakland, CA,, he wouldn't have been beaten up,,,
He would have been filled full of lead,,,
Has anything changed in the last 50 years down in the south
You know who is Annoying,,,,,REV SHARPTON,,, Any time an issue that comes out which could even hint white vs black, Rev Sharpton comes on the scene and starts forming rallies, and tries to do just what he said here---
"Sharpton, who helped organized the rally, said this could be the beginning of the 21st century's civil rights movement, one that would challenge disparities in the justice system."

So to some it up today, today's NEWS headlines have-
More war,
More depressing US economic conditions
More of the US stock market going up on bad news
More inflation and crumbling of the US Dollar
More hog wash from Bernanke and Paulson
More segregation between races
More Bin Ldaen (miss spelled for a reason, ie getting my blog shut down by the internet gods for mentioning his name,,oooHH!)
And,,,,,,,this blog has officially took on a negative tone,,,Sorry,,it's just a reflection of the inner sole and how it is reacting to its environment,,,,,now where did I put my Prozac and Abilify?

Ok this is really the last comment,,,CNBC's new catch slogan they are running right now-

"WHEN CRAMER SPEAKS,,,,THE FED LISTENS,,,,,,(the FOMC has cut the interest rate 50bp)

100% long BABY!!!

Wednesday, September 19, 2007


I'm putting A DOWNGRADE on all oil related stocks right now. Oil is at an all time high, there are talks of war between Iran and Israel,(is that new NEWS?),
Exxon Mobil VP and General Tax Counsel LaSala Exercises Options for and Sells 28,500 Shares. What else, Cramer is bullish on everything, and in particularly XOM. Lets go ahead and bury what should be a top headline in the NEWS, yeah, the typhoon in China that destroyed thousands of houses and disrupted power to more than 100 communities.

Here is an interesting blog on Exxon.
I didn't know Cheney was the CEO of Halliburton right before taking office, did you?

Other than that,,,,BUY BUY BUY, this market will rise on every piece of bad news that comes out.

Hang Seng up 1000pts


100% up room to go, this thing never goes down, no risk in going long. Merry Christmas.

UF student tasered at Kerry Speech & Miss South Carolina

If you haven' seen them already, here ya go

Tuesday, September 18, 2007

The blog has a different feel to it......

I'm not sure what's changed.........?



50bp cut in discount rate.........!!!!!!!!

PS- SOMEONE SOLD A TON OF SPY SEP CALLS Deep ITM,,cashing in on that raised IV 3 days out from OEX.

Monday, September 17, 2007



I was reading the news about CROX, and how kids are getting their feet stuck in elevators. So I went to check out the CROX yahoo stock message board and found some other bad news for this company.....
A person has claimed possible erectile dysfunction associated with Crocs
Another person brought up Class action lawsuit against Crocs

Other than getting my laugh from reading the old Yahoo message boards, I'm going to be spending my time OUT of the MARKETS. This is one of the busiest weeks I've had with school and work, and I refuse to mess it up anymore by losing more money from trying to trade some dumb FOMC announcement that everyone has been hyping up for the last month. WHAT IS GONNA HAPPEN? 300pt sell off, 200pt rally,,,that is the most that you would think would happen. NO, how about a 1000pt sell off from no interest rate cut, there, I predicted it. With wind of the news on CROX, the whole market is likely to sell off now.

PS. I don't own CROX and I've never traded it.

As they would say on elitetrader

CROX---100% up room to go, BUY BUY BUY, this thing is going to the moon!!!

I really hope OIL keeps going up,
that the US will never pull out of IRAQ,,,is it IRAQ?? Who are we fighting again?
that Hillary will make Bill THE FIRST MAN
I really hope my house depressiates to ZERO
that the market panics for a week and then chopps for a few months making option sellers rich, because we all know that retail traders have the biggest pockets to sell options and that COOL brokerages like scottrade and ameritrade don't put restrictions on their customers from selling options,,,,ya you need level 4, got that level 4 clearance,,, Mr. Jones.
ALso, remember to buy every IPO that comes out on resteraunts, because they are always great buys, and go ahead and short oil, because it is going to $5, no one drives cars anymore, Al gore is going to make it a law to switch to solar powered cars from what I hear, get out of oil quick.
Oh, I almost forgot,
Buy GE and MSFT, because they are likely to double, got that, DUBLE, in the next year, making every person who owns them,,,,let me calculate that out,,,,hmmmm
yes,,,,90% of investors will be rich by this time next year, just hold onto that 401KKK.

Here is your daily chart, for Tomorrow given to you today-

AWOL motherfuthers........

I'm so POOOOOO right now,,,,,,,,,Here is a picture of how I'm livin...

I can see it now, the wall street journal is sifting thru their pictures for tommorrows headlines,,,what picture should we use Jerry????


Yeah,,, I'm gonna have to go with the ladder,,,the laughing and the little glimmer of the US flag brings a smile to my face,,,,Riches for everyone,,,,and a merry christmas TO ALL!!,,,lest I forget,,,,GOD BLESS AMERICA!!!

Friday, September 14, 2007

Sep 14 $720 on 10c


Well I did really good today. I got a really good profit per contract on ER2, avg. 1.4pts per contract. I posted my trade log, so if you wanted you can see the trades taken. I normally don't post it because the trade log is like 3 pages long. Traded the first 2 hours, and now I'm off to school. I did good by taking my signals, however I added to my ER2 position at a bad spot, and I took a false breakout trade on YM, which I should have cut sooner with a trailing stop.

P/L= $720 on 10 contracts

I was expecting the market to open gap down this morning, considering the light volume yesterday and the morning retail number to act as a catalyst. I'm expecting the rest of the day to be real choppy with people rolling over to the new December contract, and with people leaving early for the weekend in anticipation for next weeks FOMC news.

Thursday, September 13, 2007

Sep 13 No trading

Working on trade strategy, checking out Button trader, doing homework, going to the gym, and going to work. I have no clue how button trader works, looks like I'll have to read the manual this weekend.

Wednesday, September 12, 2007

Sep 12 $600 on 51c


The NASD A/D showed bearish divergence, so I was able to take advantage of that and get a short runner. Traded the first 3 hours. Pretty light volume so far this morning. Going to work now. The best thing to do right now is to look to fade volatility spikes, and when the fade doesn't work, try to get in the trend and ride it to the next volatility pop.

Anonymous wrote:

If your strategy is so good, why don't you simply trade it? As that other anonymous said, your "high probability" comes from taking small profits and letting losses run. I've "traded" that way myself in the past (and it took me a lot of time and effort to mend my ways) and had spectacular winning streaks of great consistency (the longest was 34 profitable trading days in a row), interrupted by devastating blowup days, so I know what I am talking about.

On normal days, you buy, it goes down a little, you buy more, it goes up a little, you sell some, and keep doing that. At the end of the day you've traded hundreds of contracts and made a fraction of a tick on each, but hey - you made money, so your "system" worked.

On blowup days, you do just the same, but it never goes up, so you just sit there and watch you losses get bigger and bigger. After you finally get out near the bottom, you claim that you traded against your "system", and that following your "system" would have actually made you money on that day - and you have all those profitable days to prove it.

That "How I Trade" section is actually quite good and what made me follow your blog in the first place - the problem is that it has very little to do with how you really trade. The money management rules you posted were also sensible, but you never followed them either.

Thanks for this comment. I don't know what is going to be the final nail in the coffin for me to start following my trade signals properly. It seems as though, when I have made a good months profit I become more relaxed, and I end up screwing up on one day. This is because I stop following my rules and let emotions take over. I never want to have a losing day, and that is my problem, I will fight to the end of the close to make back any losses, and this as you can see is where the pain comes. The added stress I put on myself to get back to breakeven impaires my judgement, and I never shut down the computer until the market closes. It is my failure to except a small loss, which amounts to me breaking my rules, letting emotions take over, and thus having huge blowup days. Now, if I implemented a strategy, where the computer would lock me out once I've hit a max loss for the day, these types of days may have been avoided; however, I have failed to use such a program and have suffered the consequences. I think it is now time to start using such a program, because I obviously can't control blowup days from occurring. If any of the readers have suggestions on what I should use, I'm open ears. I think buttontrader has a program like this.

I'm also looking forward to reading Dr.Steenbargers new entries over at TradersFeed, where he discusses when traders prefer action to emotion.

Tuesday, September 11, 2007

Sep 11 $500 on 17c

First off, I would like to take a moment in remembrance of today,,,,911

Watching this brings shivers down my spine and a tear to my eye everytime I watch it

I woke up an hour after the open, Looked at the markets and then read my comments I got this morning, and then I said to myself, "mother FUCKERS!".

I got something special for you guys.......

To tell you guys the truth, I like the hateful comments. It inspires me to beat the shit out of these markets. It is just what I need. Kick me in the nuts and then spit in my eye and then help me up only to do it over again.

Anyway, the headlines this morning read something like this,,,"markets jump,,,,blah, blah, blah, Bernanke,,Blah,blah, blah."

PS. Herb Greenbuger on CNBC just said that he doesn't think the FED cares about the stock market. Do they? What say you?

I actually followed my trade system today, trading a max size of 2 contracts and taking 75% of my signals.

P/L= $500 on 17c

I was thinking about posting videos of me, my trading, and my pathetic life,,,,because, well, I like video taping myself because it entertains me and lets me make light of all my failures and successes. Kinda like the Suck my nasdaq guy. If you guys are down to see some of my videos, leave me a comment and I'll try to post some.

Do you think AAPL is going to take a crap next month,,,,why, I don't know, but after watching this hot chick and reading about all those refunds from Mr. Jobs makes me think there will be some skepticism in the forward progress of the stock....

I'm going to school now, then later to work. I'm not going to procrastinate, I'm going to go read some books and get ahead in my studies, FUCK you MR Market! You won't fuck up my life again.............

Monday, September 10, 2007


I was going to my room to try and cry, but, again I couldn't, instead I jumped up and said "fuck, I can't cry, fuck that!"

I've realized what has happened. It is DEATH!

Ever heard of the model of coming to terms with death.
Here it is-
Stage 1: Denial and Isolation
Stage 2: Anger
Stage 3: Bargaining
Stage 4: Depression
Stage5: Acceptance

Break that down into my trading account-
Stage 1- Denial, I didn't just lose 5k, this week
Stage 2- Anger, Dammit, I lost 5k this week again
Stage 3-Bargaining, ok, I'll trade by my rules now
Stage 4-Depression, Shit I lost it completely, I lost 10k
Stage 5-Acceptance, I'm a loser, what the fuck is wrong with me for not realizing that, it only took 20k.

OK, now I must be getting back to my shitty life because I have a lot of shit to do.


Done for the day, lost -$9,200. I don't know why I don't care. I use to scream at myself for these big losses. It's like it isn't even real anymore. I'm leaving to go to school. I'm going to study hard................Thanks ER2, for completely obliterating my account. Thank you, me, for going long ER2 instead of YM. I don't care anymore... My life sucks. Thank you.

Completely lost it

I don't know what is wrong with me, I have no feeling, its like I don't even care anymore. I've accepted that I'm a loser and I continue to let the losers amount to bigger losses. I can't do what I say I'm going to do. I started the day off using good stops, but then I removed the stops and now I've screwed myself again.

Down over 11K

I went long ER2, still am. Frozen.

Friday, September 07, 2007

UBS Trader Profile videos

He's a research analyst

She's a Trader

Message to My Fellow Traders

Thanks for all the comments from the readers of this blog. I think I'm only going to trade from now on with the max size of 2 contracts while I work on taking only my trade signals. I'm also going to do my best to stop trading once I've hit a $1,000 loss. I'm also only going to trade when I don't have to leave early for work so I don't fill rushed.

These last 2 weeks have been stressful. I work a fulltime 40hr/week job, and I've also started back to college. I've already got a BS degree, but I've decided to go back to school to become a nurse because the degree I got isn't working for me/or I haven't put it to use, I guess. So, I've essentially got 2 fulltime jobs, because I'm taking 12 units at college. The last 2 weeks I've also been trading in the morning before work/school, so I've been busy to say the least. I believe trading less size during these next few months will help me enormously, both emotionally, and because I won't have to worry about managing a huge trade when I have to leave for work or school. (You people out there probably think I'm crazy now, either from going back to school to become a nurse, or because of my busy schedule). I would've liked to have been a business major in college and turned out to go the route Yaser Anwar has gone (I wonder how he's doing by the way), but instead during this time period I wanted to become a Doctor. Unfortunately I didn't make good enough grades, partly do to my action of getting into trading (You see, Trading has ruined my life already, Yeppee!) So now I've lowered my standards to become a nurse. It'll be a middle income hard working steady job that I can rely on while I continue my endless pursuit of becoming rich from trading stocks,,,,,,,,sheeesshh,,,,pity the fool..........
IF you people out there got any bright ideas, pass them my way. I'm not sure why I've turned this blog into a more personal one, but I guess I don't have many friends (who has time for friends with my schedule), so some of you out there are supporters of this blog, and I want to thank you all for checking up on me. The trading community really is a small community, and you start to get to know the regulars after while.
So Thanks once again everybody.

Great news for Futures traders???

Found this on Reuters

NEW YORK, Sept 5 (Reuters) - Renaissance Technologies Corp. is raising its third quantitative hedge fund, this one specializing in trading futures and designed to handle up to $50 billion, a source familiar with matter said.

Renaissance, which is managed by mathematics professor-turned-financier James Simons, recently began sending out offering documents for the fund, the source said.

Long Island, New York-based Renaissance, which industry publication Alpha Magazine listed as the world's sixth-largest hedge fund group as of May 2007, continues to raise money for its second fund, the Renaissance Institutional Equities Fund (RIEF), which is now over $26 billion.

Its first fund, Medallion, which has about $6 billion, has been one of the most successful funds in the hedge fund world, but is closed to new investors.

Renaissance declined to comment. Private investment firms like hedge funds are barred by regulators from discussing fundraisings in the media on the view that this may entice ordinary people to invest in what are considered risky vehicles for sophisticated investors. News of the fundraising was reported by the Financial Times on Wednesday.

The fundraising comes at a time when many "quant" funds, which employ rapid-fire trading methods using computer driven models, took big hits during the market gyrations of the last month in particular.

Now some have recovered at least some lost territory as they reconfigured their models. The RIEF fund, which was down almost 9 percent by mid-August, bounced back and is now up about a half percent for August, the source said. Final figures aren't in yet.

It is all but clear whether investors will pony up $50 billion for the new fund, which would make it by far the world's biggest hedge fund.

In its offering documents, Renaissance said its RIEF fund was designed to handle up to $100 billion, but the fund is so far nowhere near that size and it is not clear whether it ever will be.

© Reuters 2007. All Rights Reserved. Reuters

SO should I be happy,,,Um,,,
Pros-More volume
Cons-More Arbing

Sep 7 $600 on 42c


I was really thinking about closing my account yesterday, but I thought to myself, "if I'm not trading in the morning, what else would I be doing?", I could go to the gym, or read a book, but not for 3-4 hours. I've been really mad at myself in the past for some of my big losses, but yesterdays loss had no feeling to it. I can't remember the last time I was in a flight or fight response when trading, which is a good thing(actually it was when my account was taking a beating a few months back and I put on a 10 lot position on CL and I was sweating bullets, I felt like I was going to die from the overwhelming anxiety attack I was having, never felt that way in trading ever, it was like I was playing Russian Roulette with my account and I just loaded the gun with 4 bullets,,,,,,,,,ahhh, the good times!). So I decided to keep trading and start taking my trade signals. I started out crappy by shorting the open, when I instead should have waited for a trade signal. So I ended up with a small profit on my first trade of the day when I should have made more by following my signals(broken record, when will I ever learn). I then did some scalping off my signals and now I've hit my goal for the day, so I'm done.

P/L= $600 on 42c (avg. 2 tick profit)

Trade summary-
I set better stops today. Overall another crappy week on my part by not following trade signals and using the proper risk management techniques. Yesterday was a perfect example for disaster. Over leverage and emotions= Big Losses.

Thursday, September 06, 2007


Luciano Pavarotti has passed away. If you never heard of him, let me show you some of his work-




I would've made at least 1k today if my internet connection didn't go off. I put a safety stop 2pts off the price, then I lost my internet connection. The price travels up, stops me out, and then I get reconnected with the price right where it was before I lost my connection, except I lost 1,500 in profits. So I re short, make a little, and then get chopped to pieces in the next 2 hours, losing 5k in 2 hours. Total loss is 6k on 104 contracts. SUCK MY NASDAQ JEFFERSON!!!!!!!!!

CNBC is saying the market is confused. MY ACCOUNT IS $10,000 more confused than yours as a result of this trading these last 2 weeks. ABSOLUTELY TERRIBLE. ZOLT ME in the nuts!!!!

Down over 6k,


Wednesday, September 05, 2007

Sep 5 $400 on 73c

I traded from 8-10:30am and now I have to get ready for work. I traded pretty bad early on by trading against one of my signals and incurring a $1,700 hole I had to dig myself out of. Overall I traded badly today and yesterday by not taking my trade signals and trading in accordance with NYSE A/D direction.

Today I'm showing you my main chart that I base my signals off of because I feel that even if you have good trade signals you still have to know how to execute and manage the trade to be successful. I don't feel I'm giving away any edge because if you trade based off my trade signals, my signals should work just the same. The key is trade management and knowing how to place your orders ahead of time in preparation for your expected/unexpected move to occur. What I need to continue to work on is conditioning my brain to taking the correct trade signals. I do this through my paintbar indicators I see on my chart and also audio alerts that tell me when to exit based off a trade signal or an extreme tick reading.

P/L= $400 on 73c (avg. 1 tick profit per contract, pretty crappy)

Trading summary- Overall we've had a typical range bound day so far leading up to the beige book announcement.

Tuesday, September 04, 2007

Sep 4 $136 on 65c


Made a bad trade on DAX and had to scalp my way back to a positive P/L trading ER2. The reason I took a large loss on the DAX is because I don't like using stops on the DAX because of the lack of liquidity and the high chance of getting a bad fill and watching the position reverse my direction. Overall trading the DAX on a low volume day like today was a bad idea and I think I should just stick to ER2, YM and ES because I can use more reasonable stops when compared to the DAX.

P/L= $136 on 65c (avg. 3 tick profit on ER2 and a big 2 contract loser on the DAX)


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