Coming from a former stock junky, trust me when I say selling rips is easier said than done. Everyone is waiting for the dot com bubble redux. I don’t give a shit who you are or what type of investor you’re pretending to be. Everyone misses the dot com days and we’re all just glumly waiting around for the golden days to return.
Memories of runaway markets have crushed more portfolios than the actual dot com crash. Truth is, this market sucks. It has sucked on enormous elephant dung for the better part of two years.
Stop waiting for glory and accept fate.
As many of you know, I’ve taken a brand new approach to this market, albeit something I’ve been working on and developing with the Exodus algorithms since 2008.
I endeavor to rule over the market, not the other way around. I found my life in trading was becoming arduous and burdensome. I was controlled by news and events, afraid of fuckery, largess, which seemed to be happening on a regular basis. All that has changed and I’m keenly focused on building out the software suite to even greater lengths and capabilities, while sticking with mean reversion positioning, using the very best oversold signals on the market today, hands down.
The net result, thus far, aside from ditching the entire drawdown and making a small sum this year, is a vast improvement in the quality of my life.
Markets look soft early going. Trading or not, buying momo, after extended runs, has been a suckers bet. Don’t rest on sentiment and fading glory days as the rationale behind your trades.
Fade the rips. They’re bullshit.
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