Day trading part 2, the end

So I finally got my hands burnt in stocks. This day wasn't too far away and I learned the lesson the hardway, the way which most of us learn. By saying 'us' I am drawing some solace even though you freaks have never invested into stocks. The story is presented below for you to have a hearty laugh.



The market was up today. I bought those stocks early in the morning, which I was sure are going to rise during the day. But when I traded I bought them at a higher price. I do not see the live prices on my trading window and I din't bother to enquire the current price calling the customer care. I blindly traded coz, It was sure shot profit stock man ! That damn confidence which I got to know what happened to it, only later. Market was up by 120 points in the morning and it was down by 100 points in the evening at 15:00, as compared to previous close. It's never been so volatile in my shattered short stock career.

Market has been falling for more than 4 days now. My eyes lit up when I saw the markets up. I decided today I've to gamble on not one but four of my sure shot stocks. I am on a trading spree today and excited to tell Daddy how to make profits freaking easy. It's intraday trading. I want freaking quick profits. Of the four stocks that I gambled it is only one stock that gave me a minimal profit while others were traded for losses which I never expected, that too on a day when the market was bullish in the morning. I was ruthlessly shown the door by the bull. Reason for not preferring Delivery based trading is, the trading charges are higher than the profits made. Hence I said no to that for time being. I actually made a good loss last week. To compensate for that I waited this long and gambled hefty amount to turn that loss into profit or atleast make it neutral so I can start with a fresh mind in the next trading session. End result: I ended up whooping two and half times more than what I conceded in my first loss. If I making losses of this magnitude and profits that are meagre to meet my trading charges only, then I got to be using some part of my functional brain and make a quick exit from stock market.



This is quite deflating. A strong punch nevertheless, not yet a knock out punch. I don't know if I would be receiving few more punches of this sort. Ship is sinking and is sinking quite fast. It's only a month and I haven't seen the positive extreme but I already feel I've seen the negative extreme. An invisible support should steady the ship. In my first day trading post, I said, Day trading is not for the weak-hearted. Today I proved I'm not weak-hearted. What else can one do than to take things easily and console oneself by saying, it's all part of the game. I almost decided to refrain from investing in stocks after coping today's loss. But then, I suddenly find a luring stock tip lurking on the web which says, "All you need is a little bit of confidence to make profits in stocks". I've just seen what happened to my confidence. There is one more thing that I want to add to that tip. When you invested for good and got no idea what would be your fate at the end of the day, you can, turn to the bull and pray.

What's up?

This is May 20th, 2008 and yeah I know you can see the date as well. Almost half way into this year and nothing toward or untoward has happened. Which is both good and bad. One can call this a state of balance called equilibrium. 'Equilibrium' reminds of me a corny joke cracked by one of school mates in school, ofcourse.

Why am I freaking writing this blog today coz I haven't posted something for a while. My hands..no fingers are itching to bang the keyboard and brain is itching to think of something other than tennis and stocks. Not that I am madly into stocks, but the fact is, it is very difficult to make profits in stocks but very easy to make losses. Keep your guard up, you newbies and invest judiciously. If you got peanut money and thinking to double that within no time, as I said, your bad luck should be in your friends back pocket and his good luck should be in your shirt front pocket.



Idle mind is devil's workshop. Ideal mind is not a place for your daily activities flopshop. And devil's mind lies always on the desktop. Figure out with what sort of mind are you made up. Hence this posts title, What's up?

Grumpy face

I was grumpy couple of hours back but I think I am slowly getting back to normal. Ten things that can happen when I'm grumpy.

1) My face says it all.
2) I don't talk much. Even if I talk, I talk either in a very low voice or in a harsh voice.
3) That twinkle in my eyes would be missing. Not that it's present every day.
4) I can either watch Tom n Jerry quite seriously in TV or put my palm beneath my face and elbow on the table for support and stare at the monitor(which I'm doing now).
5) I frown and my eye-brows will be moving towards the centre of my forehead rather than staying where they are supposed to be.
6) I try to give an impression that I look cool but infact I'm not.
7) I'll either be submissive or dismissive. Dismissive? Go figure.
8) I'll try to listen to fast beat music. That will allow me to get back to normal depending on the level of grumpiness.
9) I'd like to look my face in the mirror at this precise moment. I've never done that. Even if I go the restroom and look at my face, I will put a cheerful expression in front of the mirror denying anything wrong in me.
10) I've started this bloody habit of blogging when I get peevish over someone or something and this is one way to restore normality.




The grumpy face. Face that could possible convey a thousand-million-two-thousand dollar expression when things don't go as expected. Looks like he is smiling, huh!