So I haven’t posted up in a really long time and for that I apologize. Life has been really intense the past month and I’ve been doing some true soul searching - really figuring out what I want.

I graduated college on July 9th, 2009 and started day trading with a $2,000 account. Within two weeks it was up to $2,800, which is a great return until I had to draw down the account to pay bills. I made two stupid trades and my car got towed in downtown SF. After paying off those bills, loosing money on the two trades, and getting my car out of the tow lot, I was left with around $800.

Enough to stop me from risking any more of my money. Starting with $2,000 is ambitious enough but when faced with the reality of going back to being absolutely broke, I had to stop. So I built up my resume, starting applying at any hedge funds that have openings and then I did what any responsible recent college grad would have done: went to Burning Man!

I just got back two nights ago and my brain is still a little wobbly. I mentioned earlier how I’ve been a psy-trance DJ in the Bay Area for 7 years now, add to that this was my 5th Burning Man. I was out in the desert battling the elements for 10 days this year, head full of fun, body flying through the dust, until it hit me…. I really needed to get my grown man on. I’m 25 years old for crying out loud.

Bully Bank will be taking a new direction. We’re going to be focused on managing money instead of trading our own. The goals will be conservative returns that beat typical savings instruments in the hopes of getting a substantial amount of money under management. Don’t get it twisted though, Jesse and I will be trading at some point in the future, when our brokerage accounts are healthy enough.

I’ll be getting a full time job soon, hopefully at a hedge fund (the hiring environment is sadder than Maurice Greenberg trying to salvage something out of AIG) but if not it will definitely be finance related.

The only thing that’s constant in this world is change, so it’s definitely time for me to change in the right direction. I’ll keep you guys posted on what’s going on in Nik’s world and I’ll definitely be posting up investing ideas as J and I come up with them.

Bully Bank 2.0 will launch at some point - hopefully sooner than later. Until then, I hope you guys tune in for the blogs and hopefully you’ll get some cool ideas to further research.

Take it easy guys, after spending 10 nights in a dust tent in the middle of the desert, I hear my wonderfully comfortable bed calling.

Cheers,

Nik