Avoid The Early Morning Rush

A long time ago, in a different era when “The Fly” reported for duty at a brokerage firm, beholden to the caprices of drug addled fiends, I used to go to work late, by design. Certainly the prim and proper managers disagreed, as it was customary to report for duty by 8am. Which reminds me, the first firm I worked at would fine their brokers $1,000 for coming in late, past 8am. There would be a morning meeting, hosted by the most influential person who I’ve ever met, who would absolutely destroy anyone that had the audacity to walk in late–as he delivered his morning sermon. This same firm had employed 100 cold callers with just 90 seats. If you were one of the unlucky 10 to come in late and not have a seat, you were sent home.

Back to the topic at hand.

The reason why I’d report to work late was because I wanted to avoid the urge to trade before 10am. The first half hour of trade is reserved for amateurs, young and small plebs who enjoy losing money in the markets. I do believe, as a matter of fact, that some plebs lose money on purpose, as some sort of sick, twisted perversion of capitalism.

That being said, it’s only 9:43am and stocks are moderately lower. But don’t think for a second that is means anything at all.

Remember what I just told you.

NOTE: I will be announcing a revolutionary change to iBankCoin later on today.