Consider the following.
LOOMING WW3
LOOMING INFLATION
LOOMING FED HIKES
LOOMIG BIDEN IS ASLEEP
LOOMING LOOMING
Can we have a worse news flow to start a new year? Things will get better, appreciably so. But before it does, you need to position yourselves for success and quit trying to make all of your losses back in one trade. This is a methodical process and at times you might want to quit. Rest assured, I have felt like giving up countless times over my rich and illustrious career trading. I have never fashioned myself to be a guru or something that knows all, since we’re all fallible and prone to error. I went half my career figuring out new and creative ways to lose my clients money before I got it.
It’s not how much you can make on the way up, but how much you don’t lose on the way down.
I closed +73bps with 70% cash, a blend of longs and shorts — not really liking anything out there including oil which has been in the dumps. If you’re lost in the sauce — give Stocklabs a try. We work tirelessly to figure it all out and have an excellent group of strip club going traders in there who are more than willing to insult you and tell you how awesome they are, in the face of all that is looming.
If you enjoy the content at iBankCoin, please follow us on Twitter
Yes, in stocklabs there’s also discussion of fruitcake and bread with colored eggs in it and other fun but ultimately terrible family recipes that every restaurant in existence would laugh out of their menu.
Happy to see some glimpses of sanity in the talkisphere. (Of course, the usual suspects – “liberal” NBC, CNN, PBS, NYT etc. – are still pushing for WWIII.)
Pelican Room is unparalleled and it should be noted that Fly is the only man to lose money using StockLabs.
Nobody else has