Thursday, October 20, 2011

Traderman Frets


Traderman seems to be duplicating my trades. I need to find out how. I saw his diary entries for today morning and I was surprised to read that he was long since 5130 yesterday. His Diary reads " Man I am in trouble. I was so happy when I went long at 5131 yesterday and the Nifty closed at 5149. The first thing I did today morning when I woke up was to check my bloomberg on my blackberry and guess what... the d**b S&P is down more than a percent. What is a guy supposed to do man to make money these day?"

"Do you know why the market fell? The Tom and Jerry of Europe could not agree again on some technicality of the bailout. I mean common... finally what needs to be done will hopefully get done. But why disagree about every small thing. They always seem to fight and then make up".

 "Now Asia is down because US was down. Fck Fck Fck SGX Nifty is down too. The stupid system of mine will require me to short the Nifty if we fall below todays first hour low"

"I tell you diary, sometimes I think whether it is all worth it? Wouldn't I be better off if I had simply done some sales job? I did enjoy the wining and dining part if I remember my years in sales"

"I am beginning to hate my system. I think I need to check whether I made any mistake in the backtesting process! It never seems to make any money!!! Maybe I should tweak it a bit. Or maybe just copy this successful system that my friend is running. He seems to be always cheerful that bstrd.... surely he is making money in the market"                                                               

While I pity Traderman and I hope he learns equanimity from me, I can understand his sentiments. The Nifty does seem to be whipsawing awfully these days. I too will have to short the Nifty if we break below the first hours low today.

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