Sunday, November 29, 2009

Looking for Interns

Have I really finally been handed the Holy Grail of all trading? Is this the zen moment of my trading career? I need to assemble a team to test some strategies, and put this into action soon.

There is nothing more precious than time. Because when you pull up in your Ferrari, the expectant crowd does not want to see a fat balding old bastard hobble out. Not cool.

Thursday, November 26, 2009

Dovè KFC?

I had a lot of Kentucky Fried Chicken yesterday. I suddenly remembered that there was none of that KFC stuff in Italy. Not a single KFC restaurant. (And less than 40 Burger Kings in the land of paninis) So today I decided to google it. It turns out that, even McDonald's at one point was close to pulling its golden arches out of Italy because all it was doing was opening up loss-making restaurants. If even McDonald's with its sprawling restaurant franchise experience was having a hard time, well, what of other American junk food? And Pizza Hut? Don't even think about it.

Today I also read about the prostitute whom Silvio Berlusconi had a good time with. She wrote an exposè about their affair. She said for a 73 year old man he had amazing stamina. He's also said to be a bigger rock star than even Rod Stewart was in his prime, just by the lifestyle choices he makes.

FC Barcelona smacked the crap out of Inter Milan.

Friday, November 20, 2009

Rich City

The 20th and final Reventon has been sold to a Brit. Each of these costs 1 million Euros, or more than SGD 2 million. 3, or 15%, have been sold to Singapore.

Wednesday, November 18, 2009

Wednesday, November 11, 2009

Be Right, Sit Tight

Trading tip: Never, ever, ever give in to the temptation to close a winning trade early. Sure it's pleasurable to lock in profit. But why shortchange yourself! The traders who get rich are the ones who can be right and sit tight. Bye!

Monday, November 9, 2009

Back in the Ring, to Take Another Swing

EUR/USD, Daily

Double bottom here, huge one. Slow and steady uptrend since March. This has been coming for a long time. Ride it.

You know how parents have grand plans for their kids to become doctors or lawyers or whatever? Or how kids have dreams to be maybe dentists or teachers or pilots or something outlandish like astronauts? You hardly ever see any kid writing English compositions about how they want to be bankers or traders or oil barons or CEOs. Why? Because Business is a dirty world.

But I'm going to make my kid a hardcore trader. From the day he can count he'll be doing mental sums about bid-ask spreads and holding period yields and margin requirements. Plus minus times divide? Are you freaking kidding me? Are you a wimpy kid or what?

Friday, November 6, 2009

Kenny Props

I dunno what mathematics he did here but yeah easy to understand right? Do something real with your lives and stop chasing stupid ass jobs!

Thursday, November 5, 2009

1 Life

When resources are limitingly finite opportunity cost is at its ass-kicking best. I'm not talking about how many barrels of oil there are left to pump from beneath the Earth's surface or how much corn there is to go around this harvest. They are not that limitingly finite.

When you have only one life, what do you do?

Career applications are such philosophical exercises; you can't even begin to understand what thoughts those behavioural/competency questions stir up in you even when you bullshit about how you're so suited for energy trading or how you're the perfect candidate to be the next generation leader or how you are so focused and single-minded about your desired position yet you use the same old shitty catch phrases for every application diverse as they are.

Today in the office the boss wasn't in, so when the sun went down and all was dark, I reached for his laser pointer, stood by the window, and started pointing at the people on the street for a laugh.