Prepare To Be Left in The Dust

The fast and corrective markets of late are a welcomed climate.  I open my arms wide and high, advancing to embrace the cold corpse of volatility.  I was forged in these conditions coming into the game fresh faced back in 2008.  The markets feel more normal and accurate now than the last two years.

What was that even?  A slow drift higher guided by a gentle summer breeze price action?  That was no place for me, a disheveled secret agent of sorts, affixed on extracting the knowledge of unaware old men before they perish.  NOTE: the strictest adherence to the 47.5 and up policy applies.  If I suspect one meets this threshold, then I begin my process of stealing their lifeblood.

Odd, I agree, but how else does one become wise to industry?

Let’s change gears and talk about how I am an ignorant buffoon who moves far too slowly.  My autonomous trading algorithms are still in testing as I wrap up the ‘odds and ends’ of robo trading.  Algorithms I have spent months building, years thinking of, and weeks testing for THESE VERY CONDITIONS, are still in the laboratory.  Have a look at what Elroi was doing today:

 

 

There is a very simple plan for deploying elroi into the market-early range extension.  Anyone who wants to inch closer to my classified potion now has another piece.  Early range extension and I fire up the algo and go eat iced cream whilst driving a go cart and listening to 47.5 and up rock musics.

On the flipside, this is what I was doing today:

 

Chasing waterfalls with by groin brain…

I front ran both of my secondary entries because a bounce felt suddenly imminent about 4 times today.  We closed below both.  This isn’t to say I no longer desire to hold these positions because quite the opposite is true.

I have convinced myself (and others) that what we are seeing, RHRN, is a dirty trick.  With April options running rich, it was time to secure some premium, just as we must every month before option expiration.  In the hood they call it the overplay for the underlay.  I do too.

So I fret not, really, even while the world around me degrades into a disheveled mess.  If I want to see real death and decay then I can just drive down to Mound and Caniff to see the most destitute shitholes this nation has to offer.  Crumble around me bro market seriously, I shine in the rough.

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