DAY TRADING DOUCHEBAGS

1 Patient

Kept WADE from cleaning up with JAV.  Perfect capper to a crappy two weeks.

Statistical significance of the Ereska trial needed to be .05 or less and it came in at... ready - .053.  Stock down 25%.  If WADE finds the guy who hosed the results, he's going to need some Ereska on his Ah-nus.

Shorted the QQQQ's and DUG for a nice day but got destroyed with JAV.

TAIT'S been out of the market this week while he's in orientation at his new QuickTrip job.  Look for him - he'll either be the guy with the over-sized broom or picking up trash in the parking lot.

First Time Douche... Won't Be His Last

From our new Brother in Douchehood...

Gschwind sent us this set of trades the other day - more than worthy of a post.

 

His Quote:

"Price .50 on Friday morning after decent earnings.
About 15 seconds after I paid too much, the POS drops for rest of day to end at .20! Also a bagholder on CERS at $2.

 

Made a quick $1000 on DXO before oil dropped & wish I had stayed in for huge rebound. 

Out at $4.58. It'll be $5 this week!"

Notice how he tries to save himself (Favorite move of a veteran DTD!) by throwing in that DXO trade (Thanks for calling us on that one BTW).

RIMFIRE AND PEANUTPILOT

AKA Wade and Tait.  Ok, so Tait returns from vacation from some sun and fun down in FL with his girl and expects to find some gaping wounds about his trading ability and stock picks. It was not to be.?.

Tait makes a casual call to see why Wade has not made a post to provide a laugh for the 2 or 3 folks that actually check the blog if they are totally bored. 

Come to find out Wade has lopped off 20% of his account value with a hideous block of trades and doesn't want to even think about The Douche and it's fan club.

 

Too bad.

 

Here is the short version - he got ripped apart like a wolverine going through a mouse in JRCC calls, DUG puts, LVS puts, Q trades, and followed Karen Finerman (douche mention) short on WFMI... taking DTD to a new level.

Tait has not faired all that well either with trades in QSII (got lucky to get out almost even), NYX, CME, CPSL, DRYS, and GERN, among a few others. He has been in and out of more DRYS calls than RIMFIRE has been in and out at a local homo-fest!

 

GERN calls destroyed Tait, but he's been able to balance that with CME and HBAN (loaded with $4 calls) plays - he would have done worse if not at the beach!!!

 

One more thing - I wonder if our good friend Jeff held his AIG puts through today? That was an expensive coffee date he had this morning if he did. Hope she was cute buddy...

 

DOUCHE OF DAY - Karen Finerman - Wade would follow her into a burning building, but it will be a while before he follows her into any more trades.