I didn't say you knew nothing. I didn't get why you wouldn't explain anything, tried to act all superior, and tried to act like you have been around longer than you have. All I know is that the hero act will get you burned bad, so just be ready for it. You need to get that arrogant streak out of you or the market will. Just my fake big shot part time hobby trader advice. That being said I never had any problem with the going short anywhere near where you were trying to get short. I thought it was a good, common sense trade. I am disappointed how I traded it on Friday. I left too much on the table, but oh well. Finally, I have no clue what you are telling the truth about. But I will review what you said. You said you were "scaling in" Wednesday morning, but waiting for the jobs number to put on any "real size". So I am guessing you didn't really lay into this trade that hard since you said you are in a point from the top. I didn't either, so I don't really care that much...but why are you so excited over a trade it sounds like you didn't make that much in? I would be pretty pissed at myself if I had been looking for this top for a couple weeks and I wasn't in anywhere near the amount of size I wanted to be in especially after I had couple opportunities to add in. For me being right and not making anywhere near as much as I should have it the worst feeling. At the end of the day it's not being wrong that pisses me off, but it's the money that I leave on the table that pisses me off. Either way...nice call and I hope you were in a decent amount of size in the trade.
I remember when I had the 'random idiot' tag under my name. Man, I barely remember those engineering days at UT. I think I blocked it out lol. For my first 3 semesters I had a 3.0 then in my 4th I got loaded with only engineering, math, and physics classes and I was hating life. Almost dropped out of college, but I stayed in that semester to manage 4 F's and a D lol. My dad felt bad that he forced me into engineering. So he contacted the Dean Of Engineering and the Dean felt horrible that I "slipped through the cracks" and granted me a retroactive withdrawal for the semester. It was like the semester never happened and I moved on from there. That's my little story. Anyhow, I am still to the right on the economic side of things, but now I am just not too vocal about it since it really doesn't even matter how I feel. Pretty disappointing being a history major with a govt minor and realizing it's pointless to even bother with politics. I just pay my taxes and donate money to any worthy causes. Actually, I have been doing microloans lately on thru kiva.com. I figure I can be more of a helping hand that way. It seems pretty legit and it seems like it's a pretty direct way to help people out. Ok I'll stop myself before I get too far off on a tangent.
During this thread's recent events, went back and read some of my old posts and man... I am a big douchebag! I didn't realize how cocky I come off in many of my posts and think I still don't realize it sometimes now... Something I really want to work on as well.
Some interesting parallels and eventual developments of mine - I dropped out of UT Austin back in 2000, bummed a while studying math and became hermetic... eventually went into individual trading . I did it a while and had pretty good gains also got burnt bad a few times. On my last trade, I reflected and realized how I detested trading and much of calculated gambling in general. It was because to me, it was just the generation of a market for people who wanted more money and hard to argue it had any positive contribution to society (I lack faith in open markets and believe price parity is so contrived as it is). I decided I had to get out of it and find a way to contribute more directly to society. So for the past year and half, I've been doing social applications with an entrepreneurship in China (we grew from 20 to 300 people since I've been here) - learning what I can about things that can affect hundreds of millions of people. Eventually I want to make products/services much like Kiva, empowering millions around the world for good causes and directly beneficial to society. Feel like it's one of the ways to make my life feel more meaningful, at least professionally.
swiss cave in this morning and peg their franc to the euro @ 1.20 ...meaning that euro is going the way of the passenger pigeon probably even quicker than we thought
Incredible. That's a hell of a "little story," robbie. I trust you realize the infinitesimal odds of anyone else being the beneficiary of such an act by the Dean of a college, and are suitably grateful and aware of your good fortune. You owe your father big time and should be paying for his yardman for life, at the very least, if he has a yardman. ;-)-
At the time I didn't even care about anything other than getting out of engineering. Over the years I have realize how amazing of an event it was. And my dad is pretty independent, but I always help out. Also, he has talked about moving to Austin more often since his ties to Houston aren't very strong anymore. So if he does decide to move here I will be making sure he is in a house a lot nicer than what he is thinking. It's nice being able to help him out like that after how much he helped out getting me thru college and getting started with my trading career.
well i think cx's happy post about his trade was the overnight bottom in this short term bounce. pretty amazing quick being up 90 s&p points turns into only being up 40 points. maybe my post will mark the top of this up move and the trade will start moving back in his favor. anyhow, my yahoo short is saving my crappy trading day so far. it will probably bounce now that i am talking about it....but whatever...it's yahoo. it will be back down eventually. well as i was typing this i got back into the green with my yhoo and some other short trades (vrsn, lrcx, and long faz) i had on. hope we get some sort of pullback today, but i am on a really tight leash with how crappy i started out today.
Not sure if Mango is around here anymore to tell you where I exited 75% of my position. Same reason I really need to join him in hiatus, since every effort at helping people out around here is drowned by the voice of idiots.
I know a few people who bombed out of engineering. Unfortunately their GPA got screwed bad. If you don't mind answering, Is your dad like a big donor? or what did he do?
Not a donor or alum. He actually went to Wisconsin. I have no clue exactly what he said to the Dean, but whatever it was got his attention.
Man I still think it's cool reading back thru this thread and seeing what was said. I am kind of amazed I don't have too many moments that make me go I still don't get CXbby's deal after reading thru all that, but whatever. I did like how he proclaimed himself one of the best traders in the industry back in late June 2010 as he was calling for a further market breakdown and called for god to bless people buying the dip in early July 2010. I am guessing he got chopped to hell in the rally over the next year since he was calling for an end of year crash maybe back down to the 666 low. http://bbs.clutchfans.net/showpost.php?p=5396257&postcount=3972 http://bbs.clutchfans.net/showpost.php?p=5403258&postcount=3985 I also liked the part where he bashed JP Morgan calling for AAPL to 400 (when it was around 270) and said they made that call cause they were only stuck in a long position. Where have I heard that before? And yeah if you can't tell I get obsessive over things when I can't figure them out. Good for my trading career...bad for my sleeping habits
I don't get it either. What I don't get is what in the world you are here for? Obviously not to contribute to... anything. To try to smear some mud? How petty and pathetic can you be? Let's see what actually went down in June 2010. All posted on May 25th, 2010, THE low of flash crash decline: Posted on June 4, 2010, THE high of the first bounce: Posted on June 8, 2010, THE low of second decline: Posted on June 14, 2010, one week before top: Posted June 17, 2010, 2 days before top: An email written to Mango, Sunday June 20,2010, THE night before eventual top on Monday June 21, 2010. This passage was quoted and posted in this thread: The following Monday we gapped up 15 points to 1131, which was the top of the day, and proceeded to close negative, one of the best fades of the year. It also marked the top of a 120+ point move down in SPX over 9 straight days, or over 1,200 points in the Dow. Now, besides calling EVERY SINGLE PIVOT ON THE EXACT DAY OF THE HIGH/LOW of that entire move, it did miss my eventual target of 970 by 40 points, bottoming at 1010. During this time, what were YOU doing? Go ahead, I won't be a petty little snitch and quote you, you can look it up yourself. Here's a hint: Sitting with your thumb up your ass, no clue what to do, like the rest of the pretenders who call themselves "professionals". Now you must be very new at trading if your think someone can be right 100% of the time. Even for a MASTER, which is exactly what I am to YOU, I will be wrong plenty of times. Which I bring up time and again on here. But please, if you are going to try and make me look bad, at least find an example where I didn't make 5 times what you make in a year in 9 ****ing days.
