I probably should be easing up on my meds as I have started seeing short opportunities and you all know how that usually ends up. Except of course when Bitcoin once again goes stratospheric and then instantly crashes as it did on Wednesday literally an hour after I posted about that very scenario. Clairvoyance you wonder? I very much doubt it as I never win anything. But I have developed a pretty keen sense of human nature, which fortunately is a lot more reliable than the financial markets. When in doubt during a buying frenzy always bet on the woodshed.
Not surprisingly we are now seeing a bit of post Thanksgiving profit taking on both the equity and currency side. Had I not been stopped out on Friday already I most definitely would have been yesterday. And now the trails of both of my forex campaigns also received a visit so I’m almost all in cash. Holiday weeks are great periods for break-out formations due to less liquidity allowing institutional traders to leverage their market moving capabilities and pin the tape to their liking.
While you lowly mortals are slowly awakening from your tryptophan induced slumbers the mighty Mole is already banking coin whilst selecting future victims for lawful extraction of ill-gotten gains [insert evil laughter of your choice] As tough as this racket may be at times and despite the personal toll it invariably takes on us over time – you’ve got to love that feeling of waking up in the morning and realizing that your campaign has produced yet another R overnight. As a trader by heart and evil speculator by trade this more than makes up for all those dark times when find yourself on the losing end of the market’s zero sum equation.
That’s how bad it actually has gotten at this point. When I added the title for the featured image I hesitated for a moment pondering if someone would actually take offense to what’s obviously a screwball attempt at portraying a militant battle turkey intent on surviving this year’s great annual slaughter. Then I however remembered the daily onslaught of politically incorrect jokes the GoldGerb has inflicted on us over the years and thus kept it as is. So if you’re insulted you know who to blame.