Is my end coming near

Is my end coming nearI’m just tired. It’s a mental exhaustion that just won’t go away no matter how much I sleep. In order to avoid the market and its toll on my account, I’ve been keeping myself really busy with work and consulting, but it’s really just a useless distraction that isn’t working like I had hoped. Hope.. that’s my problem. Never, never, never should a trader count on hope.

Chitty has gone F*cking nuts since I bought puts on it. It’s up like 2,000% or something amazing like that. The company is likely to have more problems throughout the year but that doesn’t seem to matter, which really makes me wonder what someone should be doing for trading. I know the truth is that options is a difficult market to trade in, but I’ve actually been trading in it for a couple years now and though sometimes there are losses, they haven’t ever plagued my account and life like they are now.

Maybe it’s the showing you everything about my account. I’m not holding anything back regarding my positions or plays, my account balances, wins or losses. Other traders find it difficult to post the losses and I do too, but I don’t stop. Maybe that’s a problem. Maybe I should stop. Boogster stopped posting for a while after what he called “Black Wednesday…”. DehTrader is pretty well known and I respect his abilities, but whenever he has a bad streak or a rash of negative comments he’ll stop posting too. There are other traders that have just given up (you are already missed Bubs).

Should I stop trading?

When things aren’t going well, I start looking for validation in my previous decisions. That’s really a Retard thing to do. Instead of taking corrective action I’m looking for evidence or others that agree that I’m right. What? That’s just stupid. Whenever I am hoping for negative market analysis, something bearish, I turn toward the permabear. I shouldn’t have to find someone else that has the same market sentiment that I want. Sometimes I’ll just wander around aimlessly looking for something entertaining to read (thanks MWF). Other times I’ll look for traders that have different opinions on the same stock. Validity in one’s own decisions is horrible to search out.

Should I stop posting?

This site was created to generate some money and become part of the Retard Empire, it has only done one of those two things so far.

My prediction abilities haven’t been as good as they use to be. Maybe it’s time for a break?

I know that I haven’t been posting much action lately, mostly because I’ve been tied up in Chitty puts. That was a HUGE MISTAKE when viewed in hindsight. Worse, I could have escaped a couple times with minimal loss. It’s really hard to deal with stuff like this. Being wrong is a natural part of trading, but being this wrong just isn’t easy to deal with for me.

End of day positions:
end of day positions 4-25-2008

End of day balance:
end of day account 4-25-2008

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Posted By: Michael

News Category: -Michael, E.O.D.

 

 

4 Responses to “Is my end coming near”

  1. maybe you shouldnt be trading options and focus more on trading the underlying stock. this would eliminate accounting for volatility and allow you to just make directional plays that wont go as bad as quickly as options do. Or just set percentage loss limits and adhere strictly to them and remember no one has blown out an account taking profits. Also as of someone of similar account size, look at my website bluedeviltrader.blogspot.com, maybe i should enter in this retard race since lindsay has disappeared. I started with less capital than you at 2800 but right now I have more of a stack. Anyway if you ever want to talk trading, just email me and let me know if i could be a potential entry into the retard arena. If not maybe you could name drop me in a post so I could actually get some blog views other than myself.

    Chris M on 25 Apr 2008 at 2:55 pm
  2. also maybe you need a vacation. get away for a bit.

    Chris M on 25 Apr 2008 at 2:56 pm
  3. pussy - just lay off the meth before you make stock trades.

    Jerome on 25 Apr 2008 at 3:26 pm
  4. jerome: LOL! i only say that, because i know u two are friends in real life

    retard: i would hate to see this site go, because its one of the few that i find extremely entertaining…your creativity is a gift, so for selfish reasons i want to see you stick around forever…however, if its interfering with your trading, then only u can answer that

    we’ve all been where u r right now, and i wish u luck with whatever direction u decide to take

    john on 27 Apr 2008 at 7:05 pm
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