Trading is a Mood Sport

TREAT YO SELF to some steel lads. The market is a meaningless vehicle of greed and fear, whereby the participants are lured into life destroying gambits for a chance to make eeeet. The long term specter of compounding returns is something that is considered hateful to many young and enterprising FUCKED FOR FACES, who’d rather “YOLO” with their “DIAMOND HANDS” all the way back to the housing tenements.

While it’s true, one could make a terrific sum of money in a rip-roaring tape — this is not that and if you’re reading me nodding your head — it is because you’re not very good yet and haven’t figured out how to extricate your balls from your brains. I wrote two short books about this ordeal –back when ancient Fly was in his 20s — a swashbuckling broker in NYC trying to make eeet. I did until I didn’t and then I was fucked until I wasn’t. It really is a never-ending cycle of boom and bust up until the point you realize, dare I say, the winners have already been chosen and the rest of us are simply here to mop up the crumbs. One can find great equanimity with accepting this fate. One could enjoy a long fruitful life, if one eschews the pleasures of grandiose materialism promoted by scum and also forgoes degeneracy on a wanton scale. Many of you are unable to do this — due to your programming. You’re weak and lack discipline and need things to feeeeeel better and you also just want to fit in.

Confidence is a very fragile thing and often the people who exert it most are the one’s most susceptible to drawdowns and depression. As traders, it’s imperative we remain stable and happy, or at least not sullen — because trading is a mood sport and once your mood sours the gloom takes over and it makes you trade poorly. The best way to stay happy whilst trading is to plan ahead, which means position sizing and taking very fast losses and never being in a position where one has to stare at the screen in the hopes your prayers would be answered by some greedy goblin God who gives a shit about whether or not you can afford a new Porsche Cayenne. Sell fast, even faster when your ideas don’t work.

I’m +45bps early going, 85% cash.