You dat oldz, brah? Yeah, I remember Simply Red, and this was a GREAT 1980s song (from 1991)… Mick Hucknall had a great voice.
Day Trading Results for October 2024
I had a terrible month of day trading this October. After hitting an all-time high in my HTB account in early October, I may have become overconfident. I broke a rule on October 11 by shorting a China-based company, True Wealth Group (TWG), which resulted in an outsized loss. I typically do not short stocks of China-based companies as the price manipulation can be extreme.
This TWG loss was followed by a staggering loss in DRUG (which went up 2,000% … in a day), another outsized loss in NUZE, and a final large loss in MNPR. I’ve attached charts of each of the mentioned stocks to show what the intraday price action was like on those days that I took the losses.
On the positive side, I don’t consider any of these losses to be the result of “tilting,” which means losing emotional control and pulling stops or adding to losers in a panic. These were all correctly-sized bets which triggered hard stops when hit, though the slippage while market-exiting a couple of the positions was very large, but not unexpected.
I’m hoping I do better in November.
Click to enlarge
TWG — click to enlarge
DRUG — click to enlarge
NUZE — click to enlarge
MNPR — click to enlarge
Save a Wretch from Debasement
Soom T … an Indian girl grows up in Scotland? I dig it.
Forbes 400 Special Issue Magazine Cover Price Since Inception
2024: $11.99
2023: $10.99
2022: $9.99
2021: $9.99
2020: $9.99
2019: $7.99
2018: $7.99
2017: $7.99
2016: $7.99
2015: $6.99
2014: $6.99
2013: $6.99
2012: $6.99
2011: $6.99
2010: $5.99
2009: $5.99
2008: $5.99
2007: $5.99
2006: $5.99
2005: $5.99
2004: $5.99
2003: $5.99
2002: $4.99
2001: $4.99
2000: $5.95
1999: $5.95
1998: $5.95
1997: $5.95
1996: $5.00
1995: $5.00
1994: $5.00
1993: $5.00
1992: $5.00
1991: $5.00
1990: $5.00
1989: $4.75
1988: $4.75
1987: $4.50
1986: $4.50
1985: $4.00
1984: $4.00
1983: $4.00
1982: $2.50
Movies Watched -- About Dry Grasses (2023)
In Turkish. 197 minute running time. That’s right THREE HOURS AND SEVENTEEN MINUTES long. Nuri Bilge Ceylan has basically made the same movie over and over and over again. I loved Once Upon a Time in Anatolia, that was his best movie, and probably the only one of his movies you need to see. About Drying Paint is one you can miss. Talk talk talk talk talk talk. And the protagonist was a real bastard, there’s no identifying with this guy. He’s just a prick. Talk talk talk talk talk talk talk. Dorm-room philosophizing, spare me already, geez, come on. Talk talk talk talk talk talk talk talk talk.
What the Large Print Giveth, The Small Print Taketh Away
…
The Atlantic's List of Great American Novels
The Atlantic put out a list of books they consider The Great American Novels. They were very careful to include black authors and Hispanic authors and Injun authors and Asian authors and women authors and black women authors.
I’ve ordered their list by the author’s birth date.
1888 - The Big Sleep Raymond Chandler 1939
1890 - Amiable With Big Teeth Claude McKay 2017 (black)
1896 - The Great Gatsby F. Scott Fitzgerald 1925
1871 - An American Tragedy Theodore Dreiser 1925
1873 - Death Comes for the Archbishop Willa Cather 1927
1874 - The Making of Americans Gertrude Stein 1925
1891 - Their Eyes Were Watching God Zora Neale Hurston 1937 (black)
1891 - Passing Nella Larsen 1929 (black)
1892 - Nightwood Djuna Barnes 1936 (lesbian)
1896 - U.S.A. John Dos Passos 1937
1896 - A Time to Be Born Dawn Powell 1942
1897 - The Sound and the Fury William Faulkner 1929
1897 - Absalom, Absalom! William Faulkner 1936
1898 - East Goes West Younghill Kang 1937 (Korean)
1899 - Lolita Vladimir Nabokov 1955
1899 - Pale Fire Vladimir Nabokov 1962
1899 - A Farewell to Arms Ernest Hemingway 1929
1899 - Charlotte’s Web E. B. White 1952
1902 - The Grapes of Wrath John Steinbeck 1939
1903 - The Day of the Locust Nathanael West 1939
1904 - In a Lonely Place Dorothy B. Hughes 1947
1905 - All the King’s Men Robert Penn Warren 1946
1908 - The Street Ann Petry 1946 (black)
1908 - Native Son Richard Wright 1940 (black)
1909 - Ask the Dust John Fante 1939
1912 - The Group Mary McCarthy 1963
1914 - Invisible Man Ralph Ellison 1952 (black)
1915 - The Adventures of Augie March, Saul Bellow 1953
1915 - The Zebra-Striped Hearse Ross Macdonald 1962
1915 - The Mountain Lion Jean Stafford 1947
1916 - The Haunting of Hill House Shirley Jackson 1959
1917 - Maud Martha, Gwendolyn Brooks 1953 (black)
1917 - A Contract With God Will Eisner 1978
1917 - The Heart Is a Lonely Hunter, Carson McCullers 1940 (lesbian)
1917 - A Summons to Memphis Peter Taylor 1986
1918 - A Wrinkle in Time, Madeleine L'Engle 1962
1919 - The Catcher in the Rye J. D. Salinger 1951
1920 - Fahrenheit 451 Ray Bradbury 1953
1921 - Deep Water Patricia Highsmith 1957
1922 - On the Road Jack Kerouac 1957
1922 - Slaughterhouse-Five Kurt Vonnegut 1969
1923 - Desperate Characters Paula Fox 1970
1923 - Catch-22 Joseph Heller 1961
1923 - No-No Boy John Okada 1957 (Japanese)
1924 - Another Country James Baldwin 1962 (black)
1924 - Giovanni’s Room James Baldwin 1956 (black)
1924 - Peyton Place, Grace Metalious 1956
1925 - A Sport and a Pastime James Salter 1967
1928 - Do Androids Dream of Electric Sheep? Philip K. Dick 1968
1928 - Divorcing Susan Taubes 1969
1929 - The Dispossessed Ursula K. Le Guin 1974
1931 - Beloved Toni Morrison 1987 (black)
1931 - Song of Solomon Toni Morrison 1977 (black)
1931 - Sula Toni Morrison 1973 (black)
1932 - The Bell Jar Sylvia Plath 1963
1932 - Couples John Updike 1968
1933 - Blood Meridian Cormac McCarthy 1985
1933 - The Dog of the South Charles Portis 1979
1933 - Portnoy’s Complaint Philip Roth 1969
1933 - Sabbath’s Theater Philip Roth 1995
1933 - Mating Norman Rush 1991
1934 - Play It as It Lays Joan Didion 1970
1935 - The Revolt of the Cockroach People Oscar Zeta Acosta 1973 (Hispanic)
1935 - One Flew Over the Cuckoo’s Nest Ken Kesey 1962
1935 - The Shipping News Annie Proulx 1993
1935 - Oreo Fran Ross 1974 (black)
1936 - Underworld Don DeLillo 1997
1937 - Log of the S.S. The Mrs Unguentine Stanley Crawford 1972
1937 - The Crying of Lot 49 Thomas Pynchon 1966
1938 - Speedboat Renata Adler 1976
1938 - Are You There God? It’s Me, Margaret Judy Blume 1970
1938 - Blonde Joyce Carol Oates 2000
1938 - Mumbo Jumbo Ishmael Reed 1972 (black)
1939 - The Salt Eaters Toni Cade Bambara 1980 (black)
1940 - Tripmaster Monkey Maxine Hong Kingston 1989 (Chinese)
1940 - Winter in the Blood James Welch 1974
1942 - Little, Big: Or, the Fairies’ Parliament John Crowley 1981
1943 - Housekeeping Marilynne Robinson 1980
1944 - Dancer From the Dance Andrew Holleran 1978
1944 - The Quick and the Dead Joy Williams 2000
1945 - Geek Love Katherine Dunn 1989
1947 - Dawn Octavia E. Butler 1987 (black)
1947 - Kindred Octavia E. Butler 1979 (black)
1947 - The Stand Stephen King 1978
1948 - Oxherding Tale Charles Johnson 1982 (black)
1948 - Ceremony Leslie Marmon Silko 1977 (Injun)
1949 - Bastard Out of Carolina Dorothy Allison 1992
1949 - Stone Butch Blues Leslie Feinberg 1993 (lesbian)
1949 - Dogeaters Jessica Hagedorn 1990
1949 - Corregidora Gayl Jones 1975 (black)
1950 - How the García Girls Lost Their Accents Julia Alvarez 1991
1951 - I Hotel Karen Tei Yamashita 2010 (Japanese)
1952 - Machine Dreams Jayne Anne Phillips 1984
1953 - So Far From God Ana Castillo 1993 (Hispanic)
1953 - Watchmen Alan Moore and Dave Gibbons 1986
1954 - Caramelo Sandra Cisneros 2004
1954 - The Round House Louise Erdrich 2012
1954 - Veronica Mary Gaitskill 2005
1954 - Under the Feet of Jesus Helena María Viramontes 1995
1955 - I Love Dick, Chris Kraus 1997
1956 - Erasure Percival Everett 2001 (black)
1957 - The Last Samurai Helen DeWitt 2000
1957 - Perma Red Debra Magpie Earling 2002 (Injun)
1958 - Lincoln in the Bardo George Saunders 2017
1959 - I, the Divine Rabih Alameddine 2001
1959 - The Corrections Jonathan Franzen 2001
1962 - The Sellout Paul Beatty 2015
1962 - A Visit From the Goon Squad Jennifer Egan 2010
1962 - Infinite Jest David Foster Wallace 1996
1963 - The Amazing Adventures of Kavalier & Clay Michael Chabon 2000
1963 - The Secret History Donna Tartt 1992
1964 - American Psycho Bret Easton Ellis 1991
1965 - Native Speaker Chang-rae Lee 1995 (Korean)
1966 - House of Leaves Mark Z. Danielewski 2000
1967 - The Love Songs of W. E. B. Du Bois Honorée Fanonne Jeffers 2021 (black)
1967 - The Namesake Jhumpa Lahiri 2003 (subcontinental Indian)
1968 - The Brief Wondrous Life of Oscar Wao Junot Díaz 2007 (Hispanic)
1969 - The Intuitionist Colson Whitehead 1999 (black)
1970 - A Brief History of Seven Killings Marlon James 2014 (black)
1971 - Family Life Akhil Sharma 2014 (subcontinental Indian)
1971 - The Sympathizer Viet Thanh Nguyen 2015 (Vietnamese)
1972 - The Fifth Season N. K. (Nora Keita) Jemisin 2015 (black)
1972 - The Russian Debutante’s Handbook Gary Shteyngart 2002
1975 - Open City Teju Cole 2011 (black)
1977 - Americanah Chimamanda Ngozi Adichie 2013 (black)
1977 - Salvage the Bones Jesmyn Ward 2011 (black)
1978 - Fates and Furies Lauren Groff 2015
1978 - Nothing to See Here Kevin Wilson 2019
1979 - Nevada Imogen Binnie 2013
1980 - The Old Drift Namwali Serpell 2019 (black)
1982 - There There Tommy Orange 2018 (Injun)
1983 - Lost Children Archive Valeria Luiselli 2019 (Mexican)
1983 - Severance Ling Ma 2018 (Chinese)
1982- No One Is Talking About This Patricia Lockwood 2021
1985 - Biography of X Catherine Lacey 2023
1989 - Sabrina Nick Drnaso 2018 (comic book artist)
Remedies Against Defendants
Excerpts from this case filing (pdf) … bold is mine:
SureTrader, through its website, marketed itself to novice day traders seeking to avoid FINRA’s Pattern Day Trader Rule.
... March 2016 through November 2019 (“Relevant Period”) ... During the Relevant Period, U.S. Customers comprised at least 50% and, at times, as high as 80% of SureTrader’s customer base. By 2018, SureTrader had nearly 75 employees and had over 40,000 customer accounts, generating millions in trading commissions and other fees assessed by the firm. During the Relevant Period, SureTrader generated over $25.27 million in commissions from more than 14,000 U.S. Customers alone. These U.S. customers lost $29.69 million trading with SureTrader.
SureTrader’s records reflect that 97% of “United States” accounts that traded had opening deposit amounts of $5,000 or less, and 43% of “United States” accounts that traded had opening deposit amounts of $1,000 or less.
SureTrader’s unaudited balance sheet for the period ending June 30, 2019, reflected total assets of $64,773,135, liabilities of $40,533,668, and total equity of $24,239,467. As of December 31, 2019, SureTrader’s assets were reported to be $33,489, yet the joint official liquidators ("JOLs") did not identify any additional cash or investments held by SureTrader. The JOLs’ First Report raises serious questions about Gentile’s handling of SureTrader’s finances in its last days, and the circumstances indicate that Gentile likely received the benefit of SureTrader’s closure.
For the foregoing reasons, the Court should enter an order imposing the remedies the SEC has requested and enter final judgments for: (a) a permanent injunction against Gentile from violating Sections 15(a) and 20(b) of the Exchange Act, which the jury found he violated; (b) disgorgement against SureTrader and Gentile, on a joint and several basis, in the amount of $13,129,809, plus prejudgment interest of $3,547,617, for a total of $16,677,426; (c) additional disgorgement against Gentile in the amount of $1,083,750, plus prejudgment interest of $502,278, for a total of $1,586,028; and a civil money penalty against Gentile in the amount of $1,887,378.
Adia
There’s a great scene in Beau Travail where the Legionnaires are in a Djibouti nightclub and Oliver N’Goma’s classic song Adia is playing … I did not know that this is a song that is traditionally played at weddings in Africa, but YouTube is filled with videos of them … I enjoyed watching this one:
