If I would have to name one single quality in this game that separates the few winners from all the losers I’d point at persistence as what counts the most. There’s not one day that goes by when I don’t work my butt off to keep myself on the winning side of the tape. You’ve seen me post quite a bit of educational content as of late and it seems to have been well received as we got several likes by stocktwits and some renowned players. But at the end of the day knowledge and even skill means absolutely zilch if you don’t show up for work every single day and press that button when it’s time to take action.
Quite frankly I don’t really enjoy taking vacations very much. I used to love to travel back when I was a young buck, but since 9/11 the security rituals involved have become such a pain in the rectum that it’s hardly worth the trouble. Plus after Russia and China opened up most places are now completely overrun and you’re effectively competing with hordes of elbow pushing camera stick donning budget tourists eager to update their Facepuke profiles with carefully choreographed snapshots of their mediocre existence.
I feel like I’m on a tape diet as of late. Amidst surging volatility finding technically promising setups has been difficult as many of the most crucial moves happen after-hours or are preceded by massive intra-day volatility almost guaranteed to touch your ISL. And if you manage to get a seat on the bus good luck holding through deep retracements and sudden double whips triggered by rumors, Fed/ECB/BOJ machinations, or the occasional talking head trotted out to bang the tape in three directions.
Basically it feels like 2008 all over again – well, not quite to be honest. The damage thus far has remained contained as equities are still trading near their respective [...]
I hope you all enjoyed your extended Presidents Day weekend. By my count this was the last holiday for now until after the summer – one hopes! Although the weather was pretty nice over here in Spain I actually wound up slaving away on some internal projects through most of it. As the saying goes – no rest for the wicked. I’m a bit exhausted and in dire need of some gym time, which is why I didn’t at all mind seeing calm seas overnight with no drama on the equities side.
My demo campaign actually stopped out on Friday evening due to an EOW routine I still had left in the code. I now made that a flag as I want to be able to choose whether or not [...]