Wednesday, June 23, 2010

Trader's Paradise

So I'm working at this proprietary trading firm right now, and not to be some snooty fresh-outta-school graduate but, this place is a joke. The average stay of an "employee" is less than 2 weeks. People get dropped like bad habits around this joint. It's basically a big empty room with some desks and computers to trade on. The turkey before me left his seat warm for me.

Anyway the important thing is that besides showing all signs of being an unprofitable shithole I now have access to level II stock quotes in real time. If you haven't seen level II quotes in action it is quite the experience to be able to see all the moving parts in each stock's market.

I talked to Prem Watsa at my graduation, told him I'm coming to work for Fairfax in 5 years. He thought I was joking until I showed up in 2015.

Until then I'm going to work at in an investment research group to continue learning... always learning, or in german, immer lernen. Until I'm not, and when I'm done learning you better believe someone is gonna get taught.

Thursday, June 10, 2010

Still Bouncing

Patience my friends. Often, doing nothing is the optimal course of action.

Wednesday, June 2, 2010

Bounce with me

This market is going up short term, I'm hoping until the end of June because that's what it's going to take for my small cap stocks to grab on to this rally.

I'm betting on higher prices soon, then I'm gonna cut and run.