At times I get obsessive over this or that, delving into rabbit holes and coming out with clothes torn and face blackened by the journey. Since the beginning of the year I have been PERMANENTLY BEARISH, based upon a sundry of factors now worth repeating. Due to this disposition, I have escaped one of the worse bear markets in recent history and have achieved a great return for my troubles. However recently, I have stubbornly ignore one of my own cardinal rules: never short into Thanksgiving.
The SMH (Semis) are up 17% for November. The idea that there is even MOAR left in this rally makes me physically sick and makes me want to vomit onto the faces of bulls. NEVERTHELESS, I am going to regulate my emotions and trade with my mind, ignoring my body and soul.
Up until National Festival, the day we invested Turkey and stuffing dinner, I will be BULLISH. This means that on declines I will buy more. This also means I shall not sell short. In other words, I will simply trade around murderholes, should they appear instead of selling short into them. I feeeeeeeel I need to cleanse myself of habits that have more or less resulted in LACKLUSTER trading results the past 6 months (returns are near 0) and I cannot in good conscience be a bear into “we stole your land, what will you do about it day.”If you enjoy the content at iBankCoin, please follow us on Twitter