Oil Unfun

I should have stayed in cash and ate sandwiches. Instead, in my infinite wisdom, I went long a financial that traded off from my basis and I bought some 300% short oil garbagio that cut off my fucking head. Between yesterday and today’s small trades, I built up a quick 40k+ paper loss.

While 40k may seem like a lot to most of you bar hoppers, it is of small consequence to Senor Tropicana.

However, losing money is not something that should be afflicting me and I worry, with great intensity, that my early losses will force me out of retirement, effectively depleting my cash reserves.

After all, if so inclined, I can just sell out DUG, ERY and PFG and make believe it never happened. But that would mean capitulating in the face of abject stupidity, as the retarded Texas tea baggers at XOM near $80 per share.

I will not capitulate.

So, the only course of action is to begin a campaign of effective dollar cost averaging. Being that I already dug myself a small ditch, I will refrain from buying more, until I am able to obtain a decidedly lower price or an inflection point arises.

With other capital, I am somewhat optimistic about the near term prospects for the markets and may begin buying some stocks, later on this afternoon.