Friday, October 30, 2009

I'd rather be hillarious

I just arrived on my home of Kaua'i. I had no sooner checked in to my little hale' (timeshare home) when I saw my good friend Lei, from Long View Washington in the courtyard with a bunch of friends, both locals and visitors. Of course, they were eating, playing music and when I joined them, dancing hula. When you show up in time for a meal, you know your timing is impeccable. Much talking story and Lei remarked about my dancing and how good I was. That I must have been practicing. I answered that while I love dancing, I would rather be hilarious. She replied that I was certainly that. That evening, Lei and I again entertained with hula at a local lounge. What a wonderful way to be welcomed back to Kaua'i.

This week, the market is down, a lot, and I am up. I'm about even now. And I was thinking about success and that success is kind of hilarious. I visited the monastery yesterday for a tour of the temple and the guide talked about the monks. He described them as anything but solemn or pious, in fact, some of them were the funniest people he knew. He is correct in this; many of the monks have a great sense of humor. And all of them are always welcoming, extending aloha to all.

So I'm shooting for the acumen of a seasoned trader and the heart of a monk. Now that's hilarious!

Friday, October 23, 2009

"My biscuits are burning", Roger Rabbit

Bought position in FAZ. Within 3 weeks was up 30%. Should have sold. Within 2 months after that, my position had declined to half my original investment. Added to my position 6X my original investment. Over past month, my position has declined about 20%.

I was talking to someone about my trading. I told her I was in highly leveraged funds. She asked, isn't that what brought down the economy? Kind of........ I replied.

I'm holding. It will soon be clear whether I'm a hero, or a goat. It's all about having your cojones in the fire. No wimps allowed