How far we have come over the past few years whilst getting absolutely nowhere. I mused just yesterday that it feels like as if we are living in one giant economic, cultural, and social bubble in dire need of a needle. Everywhere I look I see nothing but rapid inflation and boundless exuberance. What once may have been a slow and barely perceivable progression into an utopian brave new world, where nothing matters and everything carries a price tag, has at this point become utterly pervasive and is now rapidly making its way into all aspects of our personal and professional lives. But the most recent and increasingly bothersome symptom of what I deem to be a de facto generational [...]
Please forgive the blatant clickbait but I’ll have to stir up participation a little after my pre-summer mini excursion into Austria and Italy. Plus it’s not 2010 anymore when we were content to just bitch about the Fed and excessive quantitive easing. These days I have to compete with daily Trump bashings, terrorist attacks, social media scandals, and whoever’s turn it is today to be labeled a gay-commie-nazi-bigot-racist-marxist-global-warming-denier. Did I leave anything out?
We’ve been seeing a lot of whipsaw as of late but apparently the respective dominant trends appear to always assert themselves. Which continues to be manna from heaven for dedicated mean reversion traders and habitual dip mongers. If you remember my posts earlier in the week, we were waiting for a few promising looking entries. So let’s see where we are today and if it’s time to pull those triggers:
I had to kick that mythical German discipline into overdrive today as I kept tripping over juicy looking but yet immature setups. Practice what you preach they say. If you read yesterday’s post then you recall my thoughts on why premature (discretionary) entries can lead to early stop outs, that they will affect your position sizing, and that they affect you psychologically if you let them. Another perhaps more obvious aspect I didn’t delve into was the fear of missing out, a.k.a. greed’s ugly cousin.