Getting Robbed is Part and Parcel of Living in the Modern World

It takes very little to mess up a trading day, especially when arriving to the scene late. I was mostly out of pocket today, +34bps at the open, and then ebbed into the afternoon session and had enjoyed +50bps of gains for most of the day, up until the last 10 mins or so when markets GAPPED DOWN and offered a mini collapse, taking my gains down to just +19bps for the session.

I think about these sort of things often and try to concoct methods to avoid succumbing to such retarded price action — but I’ve concluded that it cannot be avoided — no different than living in a modern diverse metropolis. To be mugged and robbed, raped and murdered, is part and parcel of being an investor or trader in the modern era. We get to enjoy the many accoutrements unavail to the rural poor, trading in this modern era of perfidy and grandiloquent delight. We have lots of money to grabble and there are opportunities to step over other traders to take whatever sums of money our heart’s desire.

HOWEVER, on day’s like today, when off or simply not plugged in, we get mugged a little. If you were traversing NYC today and spent the day in that first rate city, mostly enjoying yourself amidst the excesses, and, just before going home, got robbed for the contents of your wallet — you might find comfort in the fact that you had an otherwise profitable day and the contents of your wallet was not even a 0.01% representation of your net worth.

In other words, getting robbed or mugged in NYC is part of the parcel that is living in the city. Providing you’re not walking around with your entire net worth inside of your wallet, it’s not really that big a deal to get chanced upon every so often.