Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Wednesday, May 7, 2008

Ugh

.... I'm completely not up for it, but it's been time for day trading..... Give the old margin some work out.

Regardless of my trading today, That Oil position just drives me up the wall..... You ask... why didn't you get out... you are usually so good at that.... Well. If I got out, I'd be too tempted to jump back in.... It's better it sits on my portfolio as a big Red "WHACK" and remind me that I'm not fucking around here.... But... funny thing is.. with the market taking a beating... it was the only position I had that was in the green from the morning...

I know it's weird.. I have a chart or 2 that ..... well I keep hoping for that 3-5 day sell off, and today was a little aggressive... and my guess is there will be a bounce... maybe not a sustained bounce.. maybe just intraday..... I haven't liked the small little sell offs we have been getting... and I suspect this is just a reaction to it. That and stupid oil.

I hate being at all long... hate it hate it hate it.

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