I know we’re talking summer tape here but the level of inactivity over the past few days has been a bit concerning. Equities continue to hover above a crucial inflection point and it wouldn’t take much downside to launch a wild ass covering session. The more time passes the more this thing is coiling up and accordingly the more violent I expect the resolving phase.
My ES campaign remains almost unchanged as it’s currently scraping a very modest 0.4R. It’s Friday and I’m not too excited about holding a position over the weekend, especially given all the craziness we’ve been bombarded with in the U.S. as well as over here in Europe the [...]
Whenever participation on the board dies down I pay extra attention as market fatigue usually suggests a profitable move is just beyond the horizon. Yesterday’s session in the E-Mini was anything but exciting, however it served us a nice support range in which I managed to place a long entry. I hope you guys can shake off your mid summer trading blues as promising entry opportunities are popping up all over the place right now. As the saying goes – the early bird catches the worm.
Apparently Pinchy Winchy was a game the Marx Brothers used to play with each other back in the day. It involved pinching the cheek of the guy next to you and I guess the loser was whoever didn’t find a cheek to pinch back. Now, don’t judge them too harshly – those boys didn’t have cable TV, the Internet, or computer games, and the bikinis of the time made a burka look outright frivolous in comparison.
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.