Tuesday, May 25, 2010

Get the hell out

My orders are placed to liquidate my long term stocks. I'm not going to sit back and watch the market strip me of my wallet and sanity if the Dow decides to print 5000 in the next few years. I'm taking my money out and investing it in something I actually have faith in: myself.

Thursday, May 20, 2010

What am I doing?

This market over the last month has kicked the proverbial shit outta me. I started moving to cash last week with intents to buy back into this great bull market that we are supposed to be starting. Instead, I now find myself wanting to move from 40% cash to 100% and figure out what the hell is going on.

This has either been a long and gypsy bear market rally or a short and nasty bull market drop. To be quite frank, I don't care to bet the farm on finding out.

STRATEGY CHANGE UP:
Long-only && long term
to
Wherever I can get a read && very short term


With uncertainty like this in the markets, its time to start abusing the size of my small account to get in and get out.

Monday, May 10, 2010

Full Disclosure

I lost all of my gains from 2010 due to a horrendous trade via USD/CAD last Thursday. I was short USD at 1.04 and was stopped out at just below 1.07 due to the intra-day madness. Besides the obvious lesson of setting tighter stops or being willing to hold on to a position to the bitter end I'm currently struggling to learn what I can from this loss.

I definitely lost control of my emotions more than I should have or thought I would have if I knew it was coming. Pleased; I am not.

Tuesday, May 4, 2010

Let's get it poppin'

I've been offered a contract at a trading firm to see if I can cut the mustard. Whether I can or I can not I will learn and increase my mental wealth.