Tap! Tap! Tap! Is This Thing Working?

Hello friends, and Jake Gint.

It was with some hesitation that I decided to take the keys of this blog from “the Rage” for a week.  He has done a fine job of building a loyal readership around here and I didn’t want to fuck that up.  But then I reconsidered… “Okay… I’ll fuck it up just a little bit,” I said to myself.

Our styles are quite different yet, despite those differences, hopefully I can provide you with some entertainment.  Many of you know that I have been a friend to “the Fly’s” blog and to “the Rage” from nearly the very beginning of time.

For those of you who are not familiar with me, you can find a brief introduction to my blog here.  As it turns out, you’re catching me in the midst of my greatest trading drawdown in my 10 year history of trading, and I’m currently taking an indeterminate period of time away from the market.  Nonetheless, I blog on.

I’m not a part time trader, I don’t trade for fun, I trade for food.  Trading is my hair.  You’re not going to find “watchlists” or stocks that BTFO from me and I’ll tell you why: these things have never helped me.

As a trader, I believe you have to be an individualist, through and through.  You find your own ideas and you trade your own ideas.  If you rely too much on others you will most likely be a very mediocre trader or worse, fail.  That’s not to say that occasionally I’m not trading the same stocks that show up on various internet watchlists.  The point I’m trying to make is that if you’re serious about trading, you need to find these stocks in your own way.

And so my blog isn’t about you or what you should be doing.  My blog is about me, what I’m doing, what I’ve done, and it helps me keep my thoughts organized.  It has gained a decent readership since its inception 2 years ago and that’s cool too, but I’ve always maintained it for myself, not random “Internet retards.”

So look, I’m just going to cross post from my blog to Rage’s blog.  I have a few things working, and perhaps despite my trading hiatus, I’ll throw up a couple of RO posts.  Below, is what I posted to my blog this morning.

“Out of opposition, a new birth.”

-Carl G. Jung (1875-1961). Psychology of the Transference

Meanwhile, check out this article to understand why a new birth my be our only option.  The old patient is cold.

UPDATE: IMPORTANT: The so called “Trader Tax” would be the end of proprietary trading as we now know it. It would place at 0.25% transaction tax on “the sale and purchase of financial instruments” including stocks. It is in a bill, H.R 1068 which is currently being debated for passage. If you are a proprietary trader, you need to write your congressperson to voice your opposition today.

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