I am getting close to re entering the esteemed field of professional money management and what that entails is the following:
Better control of my trading, better practices
More in depth research, augmenting my algorithmic based trading to instill core convictions
Less churn
More macro ideas, top down analysis
It won’t take time to get back into practice, mainly because I am not a fucking idiot and have done this all my life. For many of you who’ve bore witness to my trading style over the decades, this might be different for you, especially if you’ve only followed me the past 8 years in my post industry trading career.
I am BULLISH and did not waiver today, even at the depth of hell itself. It felt bad going lower, but I had conviction that the sell off was unwarranted. I closed down 82bps, up from down 170bps at the session lows. I have just 7% cash and no hedges and a portfolio I deem to be filled with “the very best stocks” publicly traded.
It’s true, things are going to change once I get back into the biz official. But we’ll always have the good olde days to reflect upon, shared memories of maximum happenings and crises to navigate, many a world ending collapses only to morph into massive and unending bull runs.
Let’s see what these earnings look like and hope for the best. If you have any concerns about the economy, I suggest you go listen to the last $ETN call.
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