Feb

28

Nullah’s Trade, from Jim Sogi

February 28, 2009 |

Did you see the movie Australia with Hugh Jackman and the boy Nullah, played by the fantastic Brandon Walters of Aboriginal descent? In one scene, the villain of the movie sets fires to stampede some cattle into heading towards a cliff where they will jump off in a panic. Nullah stands directly in front of the stampeding herd right on the edge of the cliff. He sings his shaman's tune while staring the head steer in the eye. He redirects the entire stampede, and all are saved. Great scene.

This is exactly like many recent trades in the markets, this morning being a prime example. The market is in full stampede, panic, heading towards the edge of a cliff. The trader needed to stand at the edge of the cliff, directly in front of the stampede and sing the shaman song. I'll call this Nulluh's trade. Probably more rad than even taking out the canes. By the way, how did the villains know a full two hours before the announcement to stampede them? Someone knew. Very fishy.


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5 Comments so far

  1. George Parkanyi on February 28, 2009 11:43 am

    One of the great ironies in that movie was the woman drowning in the water tower in the middle of bone-dry outback.

    Would the direct market analogy be losing money on a short position in this market, or Jamie Dimon giving back money to the government in the middle of a credit drought?

  2. Matt Johnson on February 28, 2009 2:20 pm

    I haven't seen the movie, but I've been trading a long time, and standing in front of a stampede (similar to a train) in trading is not a habit I would recommend, it’s destructive to a trading account, and eventually it’s the traders undoing, because one time the stampede won’t turn and the trader (as well as his account) will be killed.

    It seems to me you’re putting a lot of emotion and drama into your trading. Instead of buying and selling like a professional, you’re pretending to sing songs, save lives, and watch for villains; hero/ego kind of stuff.

  3. MDan on February 28, 2009 6:06 pm

    Doing stunts like Neo in The Matrix would also be pretty cool, but I don’t think we have too many volunteers for that either.

  4. 109 on March 30, 2009 3:33 am

    it is good

  5. hazel v on April 5, 2009 1:47 am

    do u know if there is a song title where i can listen to what nullah is chanting when he is on the cliff? i just luv the song.

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