Don’t Say I Didn’t Warn You

Most of you won’t cut it trading. It sucks, and I will do my best to convert you, but most of what you do has no place in trading.

1. Gut feeling – when you can prove your ability to consistently engage the market systematically and keep a tight leash on risk, then you can start using your ‘gut’. Until then, cut it out, gross.
2. Big macro themes – these will not help you execute today. Save them for your weekend homework.
3. Cheerleading – you are building up your ego only for it to be systematically ripped to shreds by the natural forces of the market.

Moving on to a lighter note—today was all about learning how to sit. If you managed to put some longs on before the whole shithouse caught aflame then you were ahead of the curve. Your adherence to SHOMP and Fed-backed logic is worthy of reward.

Your next task was to sit. YOU WILL MAKE MONEY SITTING ON YOUR ARSE MATES. One of the most overlooked attributes of a winner is their ability to sit when their stars have gone into proverbial alignment.

You do realize, yes yes? That jolly ole’ Saint Nick is literally on the horizon, no? **Jingle Jangle**

Put that limit order down. Limit orders are for closers only. CLOSERS ARE WAITING FOR THE MILK AND COOKS.

The money will be made tomorrow, gentleman. Pour yourselves a hot cup of motor oil and settle in for the enema of a lifetime.