Monday trade

Quite a dull day for me today, not many candidates and low volume. I went long RIMM but then around noon time things started selling off and I was stopped out. I managed to take some partial so ended up the day with some lunch money again, this time with champagne ;-)

Friday trade

What a gap.. but not many candidates. I only traded one: WM which stopped me out as the gap closed and then rallied back up but without me. End of day P&L is -0.9R. Glad to see the week over, although volatility was good the action was mostly funky. On top of that I need […]

Thursday trades

I’m done relatively early today. It was a wild ride, you can see some of my thoughts during the session here, here and here. Don’t worry, I’m not planning on using this ‘here’ thing too often. Anyways, with the roller coaster volatility and massive swings around none of the positions actually worked all the way […]

Volatility side-effects at IB

IB has just issues an interesting notice to traders through the WTS:
To CBOE, CFE traders:
Effective immediately, the minimum margin for all VIX calendar spreads (index options and futures) will increase from $150 to $250.
I don’t trade these instruments at all. I’m guessing the risk and exposure level at IB increased significantly with traders loading up […]

Fish can develop fingers and toes

Fascinating.
Sharks Have Genes for Fingers and Toes
Researchers identified genetic activity in spotted catsharks embryos that signal the creation of digits. The discovery pushes back the date of the evolutionary “fin to limb” advance by some 135 million years. When a gene—essentially a set of instructions—is translated into a trait, such as red […]

Bad form

Bad trading today. Lost concentration and missed out on some trades. When this happens I usually get all “creative” with finding entry points which invariably means bad stop placement, late entries and bad risk:reward (quantity issues).

Wednesday trade

I’m done early today. Very few candidates and a funky market action as it’s trying to hold off support and rally. I went long LEND pretty early and got stopped out. End result is -1R. Will continue to watch and see how today shapes up, looks like it might get interesting.

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