Call it what you want, the Trump Election Ramp or the Farewell Obama Rally – it’s been a great ride for us and we’ll be wrapping up another profitable week. And boy do we deserve it after fighting off rattlesnakes, blood leeches, and sharks with laser beams for most of the year. But that’s how it goes really as a trader. You work your butt off every single day but the most profitable earning periods often come down to just a few weeks. Of course if we knew which ones in advance then being a trader would be a lot easier. Absent a crystal ball your default mindset should be that every single week may be the one. Okay, granted -maybe except for a few mid summer [...]
Equity futures are rolling into March (H7) on Thursday and thus we should expect an increase in volatility for the remainder of this week. For us traders more volatile tape means we will need to be extra conservative with our position sizing and optimally add a few more ticks to our initial stops.
Don’t know about you but I just about had it. The constant drama is exhausting and it seems that not unlike adrenalin junkies many of us, including the MSM, have utterly become addicted to it all. At minimum it has created a thriving global industry which is feeding off of the hysteria and taking advantage whenever and wherever possible. It seems that since the turn of the new century our collective lives have increasingly been plastered with a litany of drama, degradation, and depression. Across the board, politically, economically, financially, socially, as well as environmentally the West has somehow managed to stumble from one major crisis right into the next, whilst making [...]