I'll be trading today and tomorrow for the Russell rebalance. Pool construction has started at my house and it woke me up @ 7:30am this morning. Sadly there's no snooze button on these machines. I'll be working out of the office even if I'm not trading.
I'm still not fully sold on this whole Twitter thing. I don't like it. It feels like there are some elements or narcissism going on here that you feel somehow what you are doing is so important that everybody must know about it. Little did you know that it's totally trivial. And what's the deal w/ following celebrities and what they (or their assistants/publicists) write about. As if their lives are really that much more interesting. Go out and live your own adventures and get into trouble or do something LENGENDARY. Except for the very few people that I follow the rest is just extra noise to me.
I tried tweeting a little bit about the trades I'm getting in this morning and it's... distracting. It's not really real time, I don't have the time to put in my stop or profit target that much, so I doubt anybody will actually find it useful. I might spot some really nice trends and I'll comment on that but overall I think it's a little silly and waste of my energy.
If anybody's interested there's a site call stocktwits that a lot of people comment on there through out the day. It's really noisy and I pretty much just tune it out unless there's really nothing going on during the day. I need to find the ones that are actually worthwhile following on there.
Thursday, June 25, 2009
Wednesday, June 10, 2009
My Spinning Plates
Haven't been updating lately. Been pretty busy. I'm actually feeling a little overwhelmed at the moment. I constantly feel a tightness in my lung, not in a way where I'm in pain or anything wrong with me physically. It's probably just that I'm constantly thinking about the business and trading. Not to say that I've never had to worry about money, but I've never felt monetary pressure like this before. Plus we're building a pool right now, which estimate is about $70k that will most likely end up in the 6 figure area in my opinion.
I really should be doing a better job at managing this, after having gone through Dale Carnegie training and all that. In fact, I was so out of whack and not myself I called up JT for lunch. I kind of wanted someone that have no idea what I do and just chat for a bit. I'm not sure how to describe what I'm going through. The best analogy I can come up with was the circus act you see where they spinning many plates on a stick. Under the optimal condition, everything would be spinning and you just have to occasionally walk over to a plate and give it a little extra spin. Right now if feels like as if all of my plates are wobbling and about to come crashing down.
Trading hasn't been that well either. The volume is pitiful. On top of that I think I'm probably trying to make up for lost time and trading much bigger for the hours that I'm actually trading. It's just really hard to focus, at least for me, to take yourself away from the market for a while and then expect to jump back in and be completely in tune and able to read what the market is telling you. I've adjusted to trading a lot less and much smaller position size and it's gotten better.
I tend to have these little Mik Matusow-esque blow-ups. If I'm trading that entire day, I usually just do what I do and be up maybe a thousand dollars at the end of the day, give and take a few hundred. But from time to time, seems like prior to the close I'd jump ahead of the volume and might get whipped out or take a loser on a big size and just lose my mind from that point on where I feel like I need to make that money back and revenge trade or just not thinking clearly at all and getting into trades w/out clear rational reasoning and risk/reward behind it.
Expensive lesson... I really just need to leave all the baggage at the door if I'm going in to trade and stick to my trading style. We hear about some of the people that swings really big size here and in reality it's probably just a small minority of the traders and totally not representative of how people trade here. It's funny that when I feel the need to make money or when I'm trading to MAKE money that's exactly when I don't do well... I know it almost feels illogical but when I'm put myself in the position where I'm just looking for my set ups and not caring if I make money or not that's when I'm seeing the market well. That's when I actually make money. This echoes a little bit of what Mark Douglas writes about in his book I think.
I'm going to Dallas tomorrow to meet one of our customers. They represent about 20% of our sales revenue. I need to review some sales stuff and prepare questions and stuff for the meeting tomorrow.
I really should be doing a better job at managing this, after having gone through Dale Carnegie training and all that. In fact, I was so out of whack and not myself I called up JT for lunch. I kind of wanted someone that have no idea what I do and just chat for a bit. I'm not sure how to describe what I'm going through. The best analogy I can come up with was the circus act you see where they spinning many plates on a stick. Under the optimal condition, everything would be spinning and you just have to occasionally walk over to a plate and give it a little extra spin. Right now if feels like as if all of my plates are wobbling and about to come crashing down.
Trading hasn't been that well either. The volume is pitiful. On top of that I think I'm probably trying to make up for lost time and trading much bigger for the hours that I'm actually trading. It's just really hard to focus, at least for me, to take yourself away from the market for a while and then expect to jump back in and be completely in tune and able to read what the market is telling you. I've adjusted to trading a lot less and much smaller position size and it's gotten better.
I tend to have these little Mik Matusow-esque blow-ups. If I'm trading that entire day, I usually just do what I do and be up maybe a thousand dollars at the end of the day, give and take a few hundred. But from time to time, seems like prior to the close I'd jump ahead of the volume and might get whipped out or take a loser on a big size and just lose my mind from that point on where I feel like I need to make that money back and revenge trade or just not thinking clearly at all and getting into trades w/out clear rational reasoning and risk/reward behind it.
Expensive lesson... I really just need to leave all the baggage at the door if I'm going in to trade and stick to my trading style. We hear about some of the people that swings really big size here and in reality it's probably just a small minority of the traders and totally not representative of how people trade here. It's funny that when I feel the need to make money or when I'm trading to MAKE money that's exactly when I don't do well... I know it almost feels illogical but when I'm put myself in the position where I'm just looking for my set ups and not caring if I make money or not that's when I'm seeing the market well. That's when I actually make money. This echoes a little bit of what Mark Douglas writes about in his book I think.
I'm going to Dallas tomorrow to meet one of our customers. They represent about 20% of our sales revenue. I need to review some sales stuff and prepare questions and stuff for the meeting tomorrow.
Sunday, June 7, 2009
My Omelet
The trip to Seattle was awesome. I ate so much. Thanks to all the walking I did around the UW campus and Discovery Park I think I only gained a few lbs. Prior to the trip I think I spent around 6-9 hrs on Yelp and different websites to research food places and I'm really glad it paid off. There are a lot of different specialty food shops around Pike Market for cheese and dessert stuff. If anybody wants recommendations feel free to drop me a line.
The main event for the heavy weight bout was me vs. the 12-egg omelet. Beth's Cafe serves four different kinds of omelet: veggie, American, bacon, and the southwestern exposure omelet. They also serve a 6-egg variety of their omelets. Let me just tell anyone that's brave/stupid enough to try the omelet, DO NOT get the southwestern exposure omelet. This happens to be the one Adam Richman ordered on the show Man v. Food as well, but that's not why I ordered it. I saw that it had chili and salsa and I thought the spiciness would help my appetite, but I totally did not consider the fact that chili has BEANS in it, which makes it extra filling.
I gotta say, I had my doubts going in whether I could actually finish this. I know I could eat, but I'm no competitve eater. My friends weren't really helpful either and filling me w/ negative thoughts. When they finally bring this monstrocity out on a f-ing PIZZA PAN, I didn't even know where to start eating.
My friend and I actually talked strategy a little bit on our bus ride over to Aurora Village. Laugh all you want about how much of a dork we are, but it really helped. We debated a little bit whether to eat it really fast or pace myself. The omelet comes with some toast and hash so we decided that I should finish the toast and hash first since I don't like it as much. Well, the hash is buried underneath the omelet so I decided to change strategy and just mix everything all together.
I inhaled the four pieces of toast and cut my omelet into 4th's. I blew through the first half great, no problem at all. Then the grease from the hash, plus the sour cream and all the beans just slowly to trigger my gag reflex. Each bite was becoming more and more difficult to swallow. I mixed the remaining omelet and has together and then divide them down into 4th's again. And I think I did this one more time when I find it hard to slide the food down my throat again. Somehow the last fourth really wasn't all that bad... I guess I just hit a wall.
You know, when I watched the show I was wondering why Adam quit like a little girl with only maybe 3 or 4 bites left and maybe the producers had something to do with him throwing in the towel. I know now what kind of pain he was in. I mean, damn... that was some serious work. All that chewing and at one point I had to try to trick myself and think happy thoughts. But hey, I finished it, he didn't. Jason > omelet > Adam Richman.
The main event for the heavy weight bout was me vs. the 12-egg omelet. Beth's Cafe serves four different kinds of omelet: veggie, American, bacon, and the southwestern exposure omelet. They also serve a 6-egg variety of their omelets. Let me just tell anyone that's brave/stupid enough to try the omelet, DO NOT get the southwestern exposure omelet. This happens to be the one Adam Richman ordered on the show Man v. Food as well, but that's not why I ordered it. I saw that it had chili and salsa and I thought the spiciness would help my appetite, but I totally did not consider the fact that chili has BEANS in it, which makes it extra filling.
I gotta say, I had my doubts going in whether I could actually finish this. I know I could eat, but I'm no competitve eater. My friends weren't really helpful either and filling me w/ negative thoughts. When they finally bring this monstrocity out on a f-ing PIZZA PAN, I didn't even know where to start eating.
My friend and I actually talked strategy a little bit on our bus ride over to Aurora Village. Laugh all you want about how much of a dork we are, but it really helped. We debated a little bit whether to eat it really fast or pace myself. The omelet comes with some toast and hash so we decided that I should finish the toast and hash first since I don't like it as much. Well, the hash is buried underneath the omelet so I decided to change strategy and just mix everything all together.
I inhaled the four pieces of toast and cut my omelet into 4th's. I blew through the first half great, no problem at all. Then the grease from the hash, plus the sour cream and all the beans just slowly to trigger my gag reflex. Each bite was becoming more and more difficult to swallow. I mixed the remaining omelet and has together and then divide them down into 4th's again. And I think I did this one more time when I find it hard to slide the food down my throat again. Somehow the last fourth really wasn't all that bad... I guess I just hit a wall.
You know, when I watched the show I was wondering why Adam quit like a little girl with only maybe 3 or 4 bites left and maybe the producers had something to do with him throwing in the towel. I know now what kind of pain he was in. I mean, damn... that was some serious work. All that chewing and at one point I had to try to trick myself and think happy thoughts. But hey, I finished it, he didn't. Jason > omelet > Adam Richman.
Subscribe to:
Posts (Atom)
