Control Your Emotions

I know what you n00bs are doing right now: salivating over higher equity prices, as if they’re guaranteed to come. But as you switch from bull to bear as quickly as the market, remember that Chivo is a man, in control of his emotions. The market does not give a fuck about a 300 point up day, as it will gladly rip your head off, -500 the next. Don’t sashay from elation to fear and back to elation like a fucking woman, acting all illogical and shit.

I’m selling longs into this rally, now at 55% cash. At the same time, I understand how most managers feel about missing out on such a rally, so I will not short until the time is right. Until the time is EXACTLY RIGHT, in fact. It’s also end of quarter, so be prepared to see this rally go further than anyone expects.

Sell here, short 1200-1220 and higher.