Another reason why I hate seafood

Does anyone know what it’s like to eat in China?  How about eating seafood in China?  Let me describe for you what it’s like, without all the nasty detail.  You walk up to a fish tank, point at the swimming (or floating) animal you want and it’s served to you very shortly afterward.  I’m pointing at a squid right now.

Though I read all links and approve all of the comments and ping backs that this site receives, sometimes I get a little bothered by the ridiculous writing of some people — or animals.  This time a member of the cephalopod family just seemed to be too annoying for me to leave alone.  Let’s take a closer look at “wenzi”.

The link that got my attention was from a spineless blogger who titled their post Retarded Trader.  Who ever said I was a retarded trader?  I’m a retard.  The site is “Retard Trader”, not retarded.  Get your tense right there Coustau.

You state that “these guys are tradng like drunken monkeys“, and I want to thank you, I’m pretty sure that if I were a drunken monkey I would have gotten a better score on my S.A.T. and gotten into a college that didn’t have “community” as part of it’s name.

In a kind manner you note that I was up 100%, which isn’t quite true but was pretty close.  As for the losses that brought me back to nearly my starting point, that’s what happens.  Nobody just consistenty makes money at stock trading.  Even Icahn has admitted defeat before.

Next there’s a numbered list, 1 through 6, with an opinion on what I’m doing wrong.  Hello Dumas, you aren’t posting anything that you do, is that because playing Dungeons and Dragons isn’t post worthy or because your time at the public library is limited to other things besides surfing the web?

Now, let’s address your numbered list.

[1] Constantly buying short theta and positions
Stop trying to hurt yourself using terminology meant for the adults.  Theta is an estimate of how much the theoretical value of an option decreases when 1 day passes and there is no move in either the stock price or volatility.  When you decided to describe my constantly buying short theta, you should give an example.  Is March too short for you, you know, that’s like 31 days away from today.  You wouldn’t know what 31 days is though, so let me help you with a comparison.  That’s about half the time that it took for you to post something.  The first of the new year.  Thanks for dedicating your first post in over 70 working days to me!

[2] Trading with out a plan
What are you talking about?  My plan is so simple that even the most basic of fish life should understand it.  My plan is to make money.  In fact, I’m pretty sure that’s the plan of most people, well, except for my buddy RAJ (his job is to peddle financial crap).

[3] Position sizing is horrible.
What is a good size for you big guy… when you are taking it in the ass a trade, what size makes you smile but doesn’t hurt you much?  I trade whatever amount I have in my trading account.  I’m here to make money, or lose money, or just enjoy life while it’s here for my amusement.

[4] Not spreading
What are you referring to in regards to spreading?  Do you think that I should be playing both sides and holding calls and puts or stock against my positions? 

[5] Daytrading with less than 5K.
I started the race to $100,000 with only $5,000.  How would I trade with more without having made some profit first?  If the average stock market trader that might read this site had $100,000 in their account, I would rob a bank and steal $100,000 and start trading with that much.  This is about going from $5k to $100k (though I know Lindsey wants to race from $99k to $100k).

[6] Trading on hope, and hope is not a trading plan.
Actually, anything can be a plan.  Hope is a potential plan too.  How about I hope that I do well and you do something else, we will each risk 100% of our trading account on one trade and see who wins and who loses and if you aren’t hoping and praying before it’s over.

Also, what’s with your list having periods at the end of fragmented sentences, only sometimes?  Shouldn’t you worry about grammar and punctuation before you make fun of a retard?

As for your “hope” that I learn to trade sooner than later, why would you plan on hope?  If you have the magic ways, please start blogging on your site and let me take all of your ideas and knowledge and use them to my advantage.

One last thought mollusk, you registered your domain name for one year and that time will be up March 19 (in 42 days), with your current blogging rate of once every 90-something days, I won’t have the pleasure of reading anything on your site.  If you want, I would be happy to update the registration on your domain name so that you have the opportunity to post another 4 times in 2008.