Friday, March 13, 2009

Tolerance

I was reading the posts at a website regarding the whole Jon Stewart/Cramer face off and by the time I got to the end of all the partisan bickering between commentors, I decided to leave a post of my own. Here's an excerpt:

I am an independent and it always amuses me to watch extremists on both sides try to convince each other their side is right. Here's a hint... when someone is set in their viewpoint, your best arguments will have no effect, so don't waste your time. This is the partisan crappy world we've created for ourselves, now we have to live with it. The age of reasonable and respectable debate disappeared with the arrival of the 24 hour news cycle.

Both sides are always sure they are right because otherwise they would believe something else. No one sets out to believe things they think are wrong.

I tend to follow people who merely LEAN one way or the other because they tend to base their arguments less on emotion and more on reason. I tend to watch people who don't take themselves too seriously or whose sole agenda seems to be to spread hate and divisiveness(ann coulter, anyone?)

Therefore, I watch both Scarborough and Stewart. I watch both Maher and Huckabee. Whether you agree with their views or not does not make one or the other wrong. No one can define wrong as long as there are two sides... you can only define your side. The truth and the answer for everyone lies somewhere in the middle. This is called consensus. Something our society has forgotten about.

If conservatives are upset they have no one funny to defend their side, watch Dennis Miller. Since 9/11, he's all for you.


I realize that my post could also be wrong. Maybe the liberal is right... maybe the conservative... The point I was trying to make is that 'right' and 'wrong' are, for the most part, subjective. I try to live by the golden rule, i.e. "Do onto others..." etc. I TRY! But I don't even consider that rule an absolute. Obviously, I believe the world is gray. Black and white thinkers tend to drive me crazy. The best I think we can do, as a society, is to come to a consensus about the rules we want our society to follow, but still allow for the rules to be changed when they no longer serve the common good. Why is this so hard?

Well, for starters, too many people in this country have bought into the 'my way or the highway' thinking that, quite frankly, the previous administration aggressively promoted. We've forgotten how to 'respectfully disagree' and instead attack each other as 'absolutely wrong!' We love watching shows where two people with opposing viewpoints tear each other apart. Or we only watch shows that promote our own viewpoint and reinforce our beliefs without hearing a fair representation of the other side.

I understand why this occurs. Hearing someone parrot our views makes us feel good. We like to feel 'right.' But our views, remaining unchallenged, turn into mental tablets of stone, clouding our thinking until we are sure our way is the only right one. This is part of what is destroying the fabric of our society. It is the kind of thinking that caused this -- intolerance for someone else's beliefs, fueled by anger, and acted out in hate. It causes Republicans to go after Dems when they are in power instead of working with them, and vice versa. It causes chaos instead of unity.

How arrogant is it that we deny someone else the right to have an opposing viewpoint? How ridiculous is it that if someone's viewpoint is different, we have to label it as 'sinful' or 'liberal'(usually said with a sneer), or 'traitorous.'

I have been guilty of this kind of thinking myself, as I have a low tolerance for those with a low tolerance of others! Fundamentalist Christians, in particular, drive me crazy. I've been guilty of labeling them 'irrational hypocrites.' They anger me when they try to push their beliefs on me and I react badly to that.

So in the spirit of trying to follow my own advice, I will post on people in the public eye who I like because of, or in spite of their belief systems and I will also post on those I don't like, but I will present the reasons why in a respectful and reasonable manner.

Stock P.S.

I kept most of my gains this week, although I did shave some off today with a bad FAZ move. I really suck at trading that one! I've decided I'm not allowed to trade it again until I paper trade it correctly at least 10 times in a row. My discipline slipped today, which is why I lost. I don't want to restrict myself from trading Fridays, cause last week I did well. But I need to make some kind of change. Whether I'm ahead on the week or behind, something goes on in my head by the end of the week that I haven't quite figured out yet. Last week I had three days off before Friday, so maybe the answer is to not trade one day in the middle of the week for awhile so I can give myself a break and reflect on the trades I've made, thus far. At any rate, other than my lapse today, I improved quite a bit this week with regards to discipline and over trading.

I didn't go into all cash for the weekend, but I positioned myself in both directions. My share size is so small, tho, that if I lose, I lose small.

Thursday, March 12, 2009

So Far...

The week isn't over yet, but so far I am in the green. I took my profits early this week, maybe too early, but it is a bear market and I wanted the successes. Needed the successes, is more accurate. After losing several trades in a row, having several successes in a row has really given me a much needed confidence lift. I cashed in my GE Wednesday, then mostly sat on my hands while the market continued to rise! I didn't trade Wednesday's chop because I am not confident yet in those type of tapes. Instead, I spent the time 'mentally' entering and exiting positions to get comfortable with a new trading style and to learn without the pressure of money being on the line. I'm used to trading a certain kind of market; a very forgiving type of market. This is a much harder market to trade, but I am determined to sharpen my skills so I can trade it. Today I slept in to catch up on some needed sleep. I watched the market, but didn't trade it. Tomorrow I'll be watching for a possible end of day FAZ play.

Tonight I caught Jim Cramer's appearance on the Daily Show. Man, did Jon Stewart take him and CNBC to task!! I almost felt sorry for Cramer as Stewart pulled up clips of him talking about market manipulation and accused him, and everyone at CNBC, of being in cahoots with the manipulators. I have to give Jim Cramer a lot of credit for going on the show, but I wonder if he agreed because he expected banter and jokes from Stewart about their feud instead of the grilling he ended up getting!

Monday, March 9, 2009

Short Update

Exited GNK and WFC for a profit today. If I'd had more shares of WFC, I'd have only sold half and left the rest with a break even stop, but I'm still making myself trade only small positions and wanted to take what was given. I was up 2 points from where I got in last week. Still in GE, as of now. We will see what happens tomorrow.

Friday, March 6, 2009

Trading -- First Week of March

This week I didn't trade much. I traded once on Monday and lost money on a bad FAZ entry. Probably the only person to lose on FAZ all week, lol. I worked the next three days, so I wasn't able to trade, but I opened some small swing positions in GE and GNK. This morning I nibbled on a little WFC. So far, I am up in WFC and in GNK, but I am down a little in GE. I'm keeping them over the weekend. Low risk for me, as I don't have that much on the table. I was tempted to get into a little FAS in the last hour of trading before it ran up, but I took a phone call, so it ran up without me. We'll see what happens next week.

Did manage to catch this on Wednesday, tho.




Way to call 'em out Jon!