Tuesday, September 18, 2007

Pappa needs a new pair of shoes

Wednesday, just before 9:30

I got rocked on Monday for $400. An acceptable loss (I'm trying to convince myself) considering I killed it last week. However it was still a blow to the ego and a reminder that the market can be a fickle bitch.

Monday night I worked a shift at Sterg's pharmacy. It just a bullshit job moving shit from the warehouse to the front part of the store where all the household items and food/drinks are sold. I underestimated how completely shit the pay is. I originally asked Sterg to work a few shifts here and there in order to have a guaranteed stream of income if the trading didn't go as planned. He said "sure" and I made it clear that I wanted to be paid what everyone else got paid when they first started and treated how everyone else got treated. But like I said I completely miscalculated the number of bills I would be able to pay working for $10 an hour. However, on the plus side, the chicks who work at his store are super-fucking hot, yo.

Tuesday was alright for me. I cleared 240 although I was up nearly 1000 in the first 10 minutes. I'm not really upset that I didn't sell at the apex of the stock price as I'll always risk losing a little profit for the chance to see my stock rise higher.

Today I'm gonna see if I can hit one of my favorite gold stocks at the open. Yesterday BWR closed at 2.70 and pre-market today looks like it will open at least 10 cents higher. Even still, I think it'll have another 5 cents in it after the open and thats all I'll be looking for. If I can get that I'll be shutting off the computer for the day and hitting the shopping mall for some dvds.

6 comments:

Me said...

Good luck.

:)

Elaine said...

you gotta take a picture of yourself when you trade ...I can just picture you watching CNN, watching the computer, watching CNN, watching the computer..and maybe sputtering out a few expletives.

Lightning Bug's Butt said...

You own any oil or refinery stocks? Bingo!

J7 L7+ said...

Ride that bitch, Hootch.

Dude, I don't know how you handle the swings like that. I'd be missing clumps of hair, and swigging Pepto into the vacuous ulcer my stomach would become. No guts no glory (holes).

IDigHootchAndCootch said...

me - thanks. NOT is running again today. I missed out on 15% of its increase today (cuz I was watching the smallville season 6 dvd) but caught the last 8% during the last hour. I'll need your good wishes as I decided to hold all my shares overnight into tomorrow.

elaine: its more like - watching realtime quotes on the computer, downloading porno, watching realtime quotes, downloading more porno.

lightning bug: The only long term holding I have is Research in Motion. There are a lot of good oil plays out there but I think RIM is an easy double from my cost basis ($72-$75)

j7 - its fucking nuts, yo. If I buy something and it immediately starts going down I sell right away. I dont hold on hoping for the stock to reverse its direction. I can deal with taking losses as long as those losses are small. Ideally what I try to do is catch something as its moving up. If I'm successful I'll ride the momentum until it breaks down.

for the record: bwr ended up sucking dick yesterday

Freak Magnet said...

I'd have a fucking heart attack.

And retail sucks. ass.