cousin works in bulk shipping business

why do i tell ? because DRYS fell, even on good earnings, taking some of my money with it. not yet but i think it will. good company though. that's why i never play earnings. market reaction is often very unpredicatable.

market tanked. i bought a bunch of calls and puts. sold most but holding to MER calls, STLD puts (yuck), HPQ calls (earnings were a disappointment, should have sold yesterday when it touched 48, i was thinking that too). i should trade less and waste more time screwing around. i trade better that way.

it's tuesday, one of my favorite days for drinking, but i feel bleh, because i messed up my sleep cycle. don't ask.

good start to new monthly cycle

the day went well. i took it easy in the morning and went to Murky's coffee shop. i proceeded to get 2 more parking tickets, despite getting the same two last week. damn that heartless parking bitch to hell. i know it's my fault, but cut me some slack fellow soul fucked human being. anyway i thought the market would go down and shorted BNI and RS. boy was i right. i sold RS too cheaply, but held BNI decently enough. market tanked big time. i bought some DRYS calls at the close. their earnings report was good and they are up after hours, but it's anybody's guess what will happen tomorrow.

coffee, my poor stomach. and now i pour some beer into it.

horrible 2 weeks

i don't know what's up, either i have gone plumb crazy or i just got my ass handed to me. i lost about 18K in the last 2 weeks. a ton of it on my NUE puts and some on others. i did make a lot also, but i just feel that i did not follow my risk management schemes and i was all over the map. a month ago, i was such a risk adverse freak and then i made some money, and i am buying 40-50 puts on one position. it doesn't help that steel made such a strong rotational rally. i shorted NUE and it goes up big and stays up there, then i short RS and it goes up big and then i short STLD and it breaks out too. all three stocks in the sector, went up breakout big. should i have seen that coming? was it inexperience or stupidness or just plain bad luck that caused this fiasco?

i feel a little deflated. i will be on record mode, meaning double think/analyze all moves, till options expire in June. I need a longer term analysis of how i handle a month's worth of trading.

forgot to post on Friday. Saturday, went for coffee in beautiful weather, read a ton of interesting articles to satisfy my head, ate a cheeseburger at the East - West Grill, kabob joint but excellent fries, and now hopefully i will sit still to watch La Maman Et La Putain(1973).

big day friday

i have a bunch of positions both long and short and they all EXPIRE on friday. ah, the magic of options !!! i made a nice profit on my STLD calls and then shorted it when it rose later. ok position, i started shorting too soon. i also shorted RS and BNI at the close. these positions are not so bad. plus, still holding my HPQ calls and they report after close...quick let me check....nope no earnings yet...so as you can see a lot hangs on the balance of one day. not the best situation, but i am starting to see that i am not as much of an accountant personality as i presumed...i am more like a maniac gambler...and they always meet a grisly end.

sigh!!! i did grocery shopping, pasta with vodka cream sauce, then some cola and now i am going out with a friend to some show :) la dolce vita (while it lasts).

drank too much last night

oy vey !!! the title says it all. i had a brutal hangover and couldn't get out of bed until 1pm. i really agonized over my stocks, especially my RS puts, but, i was in serious agony.

anyhoo, waking up in the afternoon turned out to be very good for me. for one HPQ leapt 2+ dollars and all of a sudden my may calls were near breaking even. wow what a reversal by the market. i lightened my position on HPQ to 20 may calls. depending on tomorrow's action, i might hold them till after hpq reports on thurs. close. the risk now is manageable. i made very good profit on the one's i had bought at yesterday's close (see trades)....i shorted IBM and played it very well. sold it right at the absolute bottom !!! i tried to get rid of my RS since it had retraced all the way back to 66...but just couldn't. i think it will shoot up tomorrow, but hopefully in the morning's choppiness i can get rid of it. i bought a ton of STLD, but i am kinda regretting it now. absolutely speaking 34.5 is not quite the price level to back the truck up. we shall see tomorrow. i am also tracking DRYS closely, earnings for it after thurs. close as well...it's been on a tear.

i had dinner at my Uncle's house...yellow daal and rice...yummy home cooked Indian food. tummy satisfied.

i need more fans

one of the day trader blogs i follow is http://beanieville.blogspot.com, infact he is the inspiration for this blog. beanie has many good points and some bad ones. good is he posts recommendations and has a huge fan base, who all post fairly good recommnedations. bad is beanie rarely tell's of his losses and seems to make insane amounts of money. he also flips on his positions quite quickly and pumps stocks fairly often a la Cramer. but, overall he's a good guy. also, his "buy this stock" links are quite informative and rumor has it he feeds pain killers to his dog (see his avatar pic).

in comparison, my main good point is that you know exactly what i bought, when and how much for and ofcourse my profit/loss. bad is i post after the trading close and often ramble on.

today was an EMO day (note i skipped the tional, that's because i'm the real deal). i woke up and hpq went down $3 more...disaster...bni was showing strength and i couldn't tell if the market was gonna go up or down. i felt it was a gray day. i felt i should write off the morning and come back in the afternoon. but, first i got rid of BNI, i didn't even like it when i bought it yesterday. i got into bed and i couldn't sleep. i kept seeing my account balance. no more eating out. fking bread and water from now on. maybe i should get a job. activate my resume's. actually, two headhunters had just submitted me for jobs. i had flunked the java test for one of them. none of my references seemed to be alive.

but, from my bed the sky was clear and the rose i had stolen yesterday from somebody's garden was blooming. i said to murky coffee it is. murky had a good effect on me. maybe i was just people starved. but, seeing everyone there, girls and guys, cheered me up. i was ready to fight. i tracked HPQ and bam got some right at the bottom. but, mostly i screwed around and checked out the chicks. me so horny. it's the reality. fuck it, i'll scream it in this crowded murky room right now. prozac anyone. i liked the restraint i showed towards the end and very selectively bought some RS shorts, which is breaking out, but should be good for an overnight dip. also bought some more HPQ calls, because i think the bottom has been set. or so i hope, please GOD.

i had silver diner for lunch...so so...i'm gonna go drinking tonight...4 days of rain fuckers...plus somebody i know it's their birthday so that's like, you know, flick my blond hair, another reason :-)

why even bother blogging?

no one reads this crap. sigh! sorry it's been rainy and sucky for the past 4 days, since Sat. and i forgot to post on last Friday. why, you ask? because i got rid of my super sucky money losing NUE positions. man i took a hit and yes i was taught not to start sentences with because. i wonder if ending them with because is ok? in my desire for revolution, in the world of grammar and otherwise i may have inadvertently shook the foundations for my own inner peace. how tragic !!!

i lay in bed most of the morning, because it was raining and i had the blues. market was up when i got up. shorted ibm, but was uneasy, too much strength in that stock lately. big money could be getting in. i watched like a hawk and sold soon on a dip. it never broke 126, but still wise decision to sit and watch sometimes. i sold STLD for a nice profit. and then cnbc did a breaking news on HPQ (hewlett packard) buying EDS. i checked HPQ's quote and it was going downwards and i thought buy, because HPQ in the service sector through EDS is a pretty good move, plus good buy, plus hpq earnings later this week. i bought some June calls, to give me time for the bump. but, lo and behold HPQ kept screaming downwards and then i bought some short term calls....and it kept going lower....argh another disaster so soon....but i really believed in this stock...so i bought some more. thankfully, it held these levels. but, it was a $3+ dip on a stock which on average doesn't move more than $.50 cent a day. INSANE. my position is precarious, what with 40 short term calls, but i will watch like a hawk.

then i went and got a Gyro. I also got a kibbeh, which was so delicious.