You’ve Lost That Lovin’ Feelin’

These markets can turn a nice guy into a jaded urchin. Most who try their hand at active management are relegated to role of barnacle, affixed to rocks, watching dolphins swim about devouring chicken of the sea. The barnacle instead suckles on little ocean floaties until it dies of starvation or human intervention.

Option expiration has a funny way of sorting the wheat from the chaff because mankind makes important financial decisions about four times a year. A trader’s marks are now subject to draconian judgment by the collective owners of risk capital.

In many cases it’s your own money at risk. You need to decide if your resources are properly focused. What trade type worked? What were the conditions?

I need to be able to justify every trade with a plan and a story. The story is what I think the market is trying to do and what hypothesis best fits that desire. The plan is using specific entry qualifications and trade management.

Then there’s risk…but alas it’s Friday and you want to get “turnt up”.  That’s a Wednesday kind of topic.

People, we are in transitory times. Soon watches will replace doctors. Cats will live gluten free organic lifestyles. Human life expectancy will stretch to 150 years. Are you on the right road?