Get Your Head Straight — Ease Back Into Autumn Trading

Some of you are reading me for the first time in a few months, having summered off the coast somewhere — exacting your manifest upon property and consuming anything in your path — leading the hedonistic lifestyle you were born to enjoy. Champagne’d flutes and lobster’d rolls. The good times have been enjoyable and money has helped make life easier, better.

Whilst gone, the account did splendidly and now you’re ready for Autumn trading. As the leaves brown and the weather teases into frost, your intention is to accelerate the summer returns and sled thru the winter months into a rich, fat, Santa Claus.

Another segment of you are angry, having spent the entire summer indoors — watching bad teevee, drinking stale beer, dry roasted beef. For whatever reason, you were unable to vacation and now you hate the taste of everything. The people are drab and the iced cream ordinary. Nothing pleases you now because you wanted more before. You’re getting older, fatter, and disappointment seems to lurk around every bend.

Your summer trading was mediocre at best, having missed out on most of the gains busy being cynical and malevolent — and now you’re taking your work home with you — ruining the mood in the house with your dark, brooding presence.

I just described two extremes, one person happy and euphoric, optimistically rolling into Autumn with a head filled with blue steam — because life is pleasant and the results of optimism have yielded a truly bountiful harvest.

The other person is bogged down in the dreary amber of melancholy. Life is filled with toil, hard knocks, and failed attempts, which often breaks spirits and causes a once dreamful person to settle for less.

I know it’s hard to do, easier said than done — but you have to extricate yourselves from whatever mood you’re in when trading. My biggest mistakes have always happened after a dour mood, or a euphoric rise, leading to excess risk taking, or the opposite — zero participation in a tape filled with opportunity.

This isn’t canned re-purposed life advice from someone without experience. I’ve been harassed by the black dog my entire life and understand the blazing intoxication that is often paired with outstanding outperformance. Consistency is the most important attribute in any business, so figure out how to do it. Be conscience of it and work towards equanimity.

Happy Saturday and drink some gimlets for the sake of preventing scurvy — a celebration of good health.

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