The 12 Days Of Trading

This time of year is very special to me and when I was just a little trader I used to love the annual holiday tradition we had at our prop shop.

We would all gather round the warm glow of the quote screens and listen to the head of Risk Management tell us wonderous stories of “The Great Compensation Committee” located far back East, and how each year they would bestow fantastic gifts on deserving traders.

At the end of the evening we would join hands and sing this, my favorite trading carol.

(Sung to the tune of “Enter Sandman” by Metallica).

On the 1st day of trading the markets gave to me, a spike from high frequency

On the 2nd day of trading the markets gave to me, two blow off tops, and a spike from high frequency.

On the 3rd day of trading the markets gave to me, three missed fills, two blow off tops, and a spike from high frequency.

On the 4th day of trading the markets gave to me, four phantom bids, three missed fills, two blow off tops, and a spike from high frequency.

On the 5th day of trading the markets gave to me, five boooo-yaaaaahs, four phantom bids, three missed fills, two blow off tops, and a spike from high frequency.

On the 6th day of trading the markets gave to me, six Goldman upgrades, five boooo-yaaaaahs, four phantom bids, three missed fills, two blow off tops, and a spike from high frequency.

On the 7th day of trading the markets gave to me, seven rogue traders, six Goldman upgrades, five boooo-yaaaaahs, four phantom bids, three missed fills, two blow off tops, and a spike from high frequency.

On the 8th day of trading the markets gave to me, eight flash crashes, seven rogue traders, six Goldman upgrades, five boooo-yaaaaahs, four phantom bids, three missed fills, two blow off tops, and a spike from high frequency.

On the 9th day of trading the markets gave to me, nine false breakouts, eight flash crashes, seven rogue traders, six Goldman upgrades, five boooo-yaaaaahs, four phantom bids, three missed fills, two blow off tops, and a spike from high frequency.

On the 10th day of trading the markets gave to me, ten pumping analysts, nine false breakouts, eight flash crashes, seven rogue traders, six Goldman upgrades, five boooo-yaaaaahs, four phantom bids, three missed fills, two blow off tops, and a spike from high frequency.

On the 11th day of trading the markets gave to me, eleven anchors rambling, ten analysts pumping, nine false breakouts, eight flash crashes, seven rogue traders, six Goldman upgrades, five boooo-yaaaaahs, four phantom bids, three missed fills, two blow off tops, and a spike from high frequency.

On the 12th day of trading the markets gave to me, twelve double baggers, eleven anchors rambling, ten analysts pumping, nine false breakouts, eight flash crashes, seven rogue traders, six Goldman upgrades, five boooo-yaaaaahs, four phantom bids, three missed fills, two blow off tops, and a spike from high frequency.

Here’s hoping that you and your loved ones have a great holiday season.

Brilliant stuff like this rains down like..well, rain, on my stream during the week.  If you want to get wet, follow me on Twitter and StockTwits.  You can also pick up my book Trading – The Best of the Best: Top Trading Tips For Our Times by clicking here.  All proceeds go to fight pediatric brain cancer.

Brilliant stuff like this rains down like..well, rain, on my stream during the week. If you want to get wet, follow me on Twitter and StockTwits. You can also pick up my book Trading – The Best of the Best: Top Trading Tips For Our Times by clicking here.

5 Responses

  1. Wow, a prop shop was different than a lounge of a clearing firm at an exchange. You’d find traders coming out of the pit for a break and sleeping, reading, playing cards, bullshitting, eating…all during market hours. After hours., some of the clearing firms got real wild. Especially at holidays, where the only thing Christmas was the girls we had just wore Santa Hats(nothing else) and partied with us. We were not as cerebral as the prop house guys, but then again we didn’t pay retail either. Different mentality altogether.

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