Alan Glynn - The Dark Fields aka Limitless

‘Hhm.’

‘… and don’t get too excited if you have a good day – one good day’s trading doesn’t mean you’re Warren Buffet. The next trade you make could just as easily blow your account out…’

‘Hhm.’

‘… and when you enter a trade, make sure you have an idea of how you expect it to behave, because if it acts counter to that – get out!’

My impulse was to go Yeah, yeah, yeah to all of this, and Holland could see that. But the reason he wasn’t getting through to me was because the more he warned me about the potential dangers of day-trading, the more excited I could feel myself becoming at the prospect of actually getting home and doing it.

As I was slipping my notebook into my jacket pocket, and then putting the jacket on to go, Holland upped the pace a little.

‘Trading can get pretty intense, you know.’ He paused, and then said all at a rush, ‘Don’t ever borrow money from family or friends, Eddie – I mean to trade, or to get yourself out of a trading crisis.’ I looked at him, slightly alarmed myself now. ‘And don’t start lying to hide your losses either.’

There was a hint of desperation in his voice. I got the impression that he wasn’t so much talking to me as about himself. I also got the impression that he didn’t want me to leave.

I did, however, and badly – but I hesitated. I stood in the middle of the room and listened as he told me how he’d left his job as a marketing director to start day-trading and how within six months his wife had left him . He told me that he got restless and irritable whenever he couldn’t trade – like on Sundays, for example, or in the middle of the night – and that trading had effectively become his entire life. He went on to say that he was incapable of accumulating cash in his account and often didn’t even bother to open his brokerage statements.

‘Because you don’t want to face up to the extent of your losses?’ I said.

He nodded.

Then he went deeper into confessional mode and started talking about his addictive personality and how if it hadn’t been one thing in his life it had been another…

During all of this, the only thing I could think of was how sublime, how like a brief but intricate jazz solo that little fifteen-second passage of electronic commerce had been. Pretty soon, I couldn’t even make out what Holland was saying any more, not clearly, because I was gone, lost in a sudden, intoxicating reverie of possibilities. Holland, I realized, had been stumbling around in the dark, shaving off the occasional sixteenth of a point here or there, quite obviously getting it wrong more often than he was getting it right. But this wasn’t going to be the case with me. I would know what to do instinctively. I would know what stocks to buy, and when to buy them, and why.

I would be good at this.

When I eventually got away and returned to Tenth Street, my head was still reeling. But then, when I opened the door of the apartment and stepped into the living-room, I immediately felt oppressed, felt outsized – like Alice, like I’d soon be curling an arm round my head and sticking an elbow out of the window, just to fit in the place. I began to feel somewhat aggrieved, too, as though impatient that I hadn’t already made lots of money from day-trading – aggrieved and in desperate visceral need of things… another new suit, a couple of new suits, and shoes, several pairs of them, as well as new shirts and ties, and maybe other new stuff, a better hi-fi system, a DVD player, a laptop, proper air-conditioning, and just more rooms, more corridor space, higher ceilings. I had the nagging sense that unless I was moving forward, moving up, unless I was transmuting, transmogrifying, morphing into something else, I was probably going to, I don’t know, explode …

I put on the scherzo from Bruckner’s Ninth and marched around the apartment, like a one-man panzer division, muttering to myself, weighing up the options. How was I to move forward? How was I to get started? But I soon realized that I didn’t have too many options, because the money in the closet had dwindled to a few thousand dollars, which was about as much as there was in my bank account – and since, let’s face it, a few thousand dollars plus a few thousand dollars is still, for all intents and purposes, a few thousand dollars, all I had in the world, then, apart from a credit card, was a few thousand dollars.

Taking what was left in the closet in any case, I went out shopping again. This time I headed for Forty-seventh Street and bought two fourteen-inch TV sets, a laptop computer and three software packages – two for investment-analysis and one for online trading. Disregarding Bob Holland’s idea that too much information led to conflicting signals, I bought the Wall Street Journal , the Financial Times , the New York Times , the Los Angeles Times , the Washington Post and the latest issues of The Economist, Barrons, Newsweek, The Nation, Harper’s, Atlantic Monthly, Fortune, Forbes, Wired, Variety and about ten other weekly and monthly titles. I also got a handful of foreign-language newspapers, ones I’d at least be able to take some kind of a stab at – Il Sole 24 Ore and Corriera della Sera , obviously – but also Le Figaro, El Pais and Frankfurter Allgemeine Zeitung .

Back in my apartment, I phoned a friend who was an electrical engineer and had him instruct me over the phone about how to splice the wires from the two new TV sets into my existing cable connection. He was very uncomfortable about it and wanted to come round and do it himself, but I insisted that he just explain it to me, goddammit – explain it to me over the phone and let me take notes. It was an entirely different matter, OK, from what I might have ventured to do under normal circumstances – change a plug, say, or replace a fuse – but I nevertheless managed to carry out his instructions, rapidly, and to the letter, and as a result I soon had the three TV sets operating side-by-side in the living-room. After that, I hooked up the new laptop to the computer on my desk, installed the software and went online. I did some research into Internet stockbrokers, and used my credit card and a bank transfer to open an account with one of the smaller companies. I then took the newspapers and magazines I’d bought and carefully spread them out around the apartment. I put reading material, open at relevant pages, on to every available surface – desk, table, chairs, shelves, couch, floor.

The next few hours flitted by in what felt like a couple of seconds. I spent them hovering anxiously in front of the five screens, absorbing information – and at a rate that made my previous efforts seem positively glacial. The three TV sets were beaming out different news and financial-service transmissions – CNN, CNNfn and CNBC – different tributaries into the one great global flood of information, analysis and opinion. The online broker I’d registered with – The Klondike Index – provided real-time quotes, expert commentary, news updates and hyperlinks to a variety of research tools and simulation games. On the other computer screen, I visited sites like Bloomberg, The Street.com., Quote.com, Raging Bull and The Motley Fool. I also occasionally took time out to dive-bomb over the acres of newsprint I’d accumulated, and read articles about anything and everything… Mexico, naturally, but also about genetically modified foods, peace talks in the Middle East, Britpop, the downturn in the steel industry, Nigerian crime statistics, e-commerce, Tom Cruise and Nicole Kidman, Basque separatists, the international banana trade…