I just sold SEEL for a 10% loss and NDRA, a double sized position, for a 3.5% loss. This is a perfect example of how trading can fuck you and not permit you to appreciate with the overall market. You see me doing crazy shit here every day; but let me accentuate a point that I’ve mentioned here before.
YOU WILL NEVER GET RICH TRADING.
Let it sink in.
I’m sure there are people who do get rich trading and that’s great for them. There are also people who get rich by playing the lottery. That doesn’t make playing the lottery a high probability strategy. You will make the bulk of your money by having a diversified portfolio over an extended period of time.
Case in point: My Quant — now up nearly 4% the past week — vs a paltry 2.2% gain for the SPY.
That being said, I cannot help but to feel the rush of a good trade — which is why I still do it.
I bought CNAT here — for the glory of it all — hoping this too will go parabolic and rinse away the bad taste in my mouth left by NDRA and SEEL.If you enjoy the content at iBankCoin, please follow us on Twitter