Category Archives: Anecdotes

Morning Panic

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I had an interesting experience this morning I wanted to share with everyone, particularly since by telling the story, it may save someone a panic in their own trading.

I entered the day, as I always do, short a large number of individual equities. One of them was symbol FTI.

On my portfolio screen (Interactive Brokers), it shows all the stuff you’d expect – – symbol, entry price, quantity of shares, value of the position, and net profit/loss. In the pre-market, the P/L for the day is usually $0, because there’s no trading in most securities, although a few outliers will have information.

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Utiopia, Limited

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Greetings from my dive bar on the Google campus, where dozens of people are loudly watching a football game while I sit here – – the only one with a laptop – – nerding away. Yes, I like being different.

This is as much a comment cleaner as anything else, but I wanted to share a few words about something that’s been popping up in my social media feeds a lot lately – – The Venus Project, which is promoting what it calls “The Resource Economy”, as follows:

In a Resource Based Economy all goods and services are available to all people without the need for means of exchange such as money, credits, barter or any other means. For this to be achieved all resources must be declared as the common heritage of all Earth’s inhabitants. Equipped with the latest scientific and technological marvels mankind could reach extremely high productivity levels and create abundance of resources.

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Binary Bust

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There was plenty and chatter about how amazing Bitcoin was doing lately. I even did a post about its well-formed bullish base, but my first words were “I’m not even going to try to understand the logic.” Someone actually emailed me the “logic” behind the trade (something about Chinese wanting to get the hell out of China), but in spite of all the hoo-ha, the ridiculous crypto-currency trade has poo’d all over itself, losing nearly a quarter of its value in a span of hours.

0106-bitcoin

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