It Happens

While my trading has been very good in the past few weeks, my core portfolio has been sucking wind. All in all, I have been running in place. As Forrest Gump likes to say "shit happens". A few months ago when my trading was ice cold, my core positions and my arbitrage positions helped pick up the slack.

8 comments:

Anonymous said...

You ever consider day trading stocks like MA or EDC? They have like 5 to 10 point ranges every day. Takes awhile to learn how to pick tops and bottoms intraday but it can be very lucrative if you're playing a few thousand shares. Plus you can sleep at night. But it is strenuous.

Tsachy Mishal said...

Overall I'm very happy with my investing style. It suits my personality and allows me to make a living. Day trading is not for me. When I get very short term oriented I don't tend to do well.

Anonymous said...

If we have another TASR, you have to daytrade things like that. With the leverage, you can make a couple years worth of salary in a day if you're good. Best example this year of mania like that is AIG. I would never buy some garbage like that and hold overnight, not at those valuations.

Tsachy Mishal said...

My rationality would tend to get in the way of playing things like that.

Anonymous said...

Don't try to fix what's not broken. Especially with trading stocks. It sounds like your making $$ on like 4 out of every 5 trades. Everyone would love that.

Tsachy Mishal said...

I did not write this article to complain about my performance. The point was that I'm taking it in stride and its part of the game. In my earlier years of trading it would have gotten to me. Now, I come to expect it and just want to get through these periods with minimal damage.

Anonymous said...

As long as you're making money, stick to it. But trading is like fishing. My old boss used to be a natural gas and coffee trader on the merc. When Dot.com hit the scene, he did the right thing and became a daytrader and made a killing. A year after Bush got elected he switched back to natgas and rode the energy wave up to.

So like fishing, when you're in the open water, you gotta follow the school to get the kill. But you can't be too greedy otherwise you'll end up like the Nellie Gail in Perfect Storm.

Anonymous said...

http://www.bespokeinvest.com/bespoke/2009/12/up-62-in-9-months.html


Great chart!

What is the most obvious common factor?
It's not that we went up the second highest with 61%...it's that if you look at all the historical rises(including 1932) What follows them all?? A MAJOR DECLINE AGAIN!!