Thursday, September 18, 2008
Another very solid day on Wednesday. I took two losing trades at the close where the quotes are a little out of wack. I actually didn't get the closing print instead someone just hit my orders and I got owned in the face. If that hadn't happened, I would've set back to back personal best days. I finished the day maybe $100 shy of the record I set on Tuesday.
Today was just equally crazy. VIX went up above 40 and actually went past 42. For those of you not familiar w/ the VIX it's kind of a measurement of volatility. SEC has put in another rule on short selling so I think there were a lot of stocks getting short squeezed at the close. I should've long a whole bunch of EWZ but one of my trailing stops was just a little too tight and I got stopped out and never found a good entry to get back in.
I got some crazy ridiculous print for some crazy amount of shares and in my panic I covered and I just kept getting some really favorable prints all the way to the close and by the time dust settled I have set yet another personal best about SIX times the amount on Tuesday. I don't really like to talk about P&L here, in fact, I don't like to talk about P&L period. It just makes me negative. My parents don't even know how much money I make (or lose sometimes). They would try to coax it out of me sometimes and I simply refuse to tell them. Some of you are probably thinking... well, yeah, it's easy to make six times of $10. Let me assure you, it's not like that. I still don't feel very comfortable talking about the amount, but let's just say it definitely involves more than 5 figures.
This is usually how it is for me though. I'll set a personal best and I'll trade right around it before going back to my regular P&L days. I'm just trying to maximize this momentum right now and kick some major ass before this craziness go away.
I was at a Texas Exes Young Alumni happy hour event at a wine place and I tried to find this wine that I had on the flight back to Taiwan on EVA Air. I knew it was a German Riesling but b/c it was German I didn't really remember the name. Well, I managed to track it down and the wine place had just one last bottle left so I asked them to hold it for me. I picked it up to celebrate and treat myself a little for good trading and sticking to my rules lately. My sister was also in town since they still have no power in Houston after Hurricane Ike and she's been obsessing about the wine as well. I might try to find out where the vineyard is. I really love this wine even though it's borderlining the too sweet side
(Sarah, I know you read this... help a brother out)