Friday, November 20, 2009

Treacherous Territory Part 2

So it's been about 13 months since I wrote Part 1. I have been thinking of writing a follow up blog for a month now, so in my head it feels like a year has passed (and not 13 months). It's been an eventful year.

There is a problem. I am not an extrovert by nature, and even if I was, I cannot write everything that is on my mind without revealing company "secrets". I have to balance. I have to weigh. Who is my audience?

Well, we did decide to hire people and open an office in Singapore. We did decide to replace Patrick Cox when he quit. We did see Paul Brunner retire. And we managed to get office space in Singapore at the bottom of the market. If you had known the company 1.5 years ago, gone to sleep and then come back today, you will find it looking completely different. Even in the (now) outpost of Darien, CT there are changes (says he, tongue firmly in cheek).

I am now officially the oldest person in the company after Jim Amaroso (Gina does not count as we have officially agreed that she stopped growing in 1999). I am the problem solver. That is perhaps my main job now. The Board gives me an amazing amount of rope to hang myself with. I still have some customers but for the main part have stopped being involved in direct day trading.

All of the traders are weighing in and doing a wonderful job. We are all talking to each other. We are often on the same wavelength. We are young and react quickly to events. We are teaching each other to overcome emotions in trading. We have firmly re-established the Trammochem name. People call in and admire what we have done this year.

When I look at the performance data, I cannot but help feeling exhilarated. There has been a lot of sweat and sleepless nights and air miles gone into this; but the end result fills all of us with pride. I called RPS last night and congratulated him on the results so far.

But you know the saying: A trader is only as good as his next trade. We need to go on. We need to build further on the success of this year. We need to avoid hubris. A man's work is never done (to misquote the old saying). The decade is about to end and a new one beckons.