BOGGED CITY, MY HOME

I had grandiose plans for this closing blog. I have several things I’d like to discuss, one of which will make 90% of you furious and cause you to slander me. But, sadly, I am uninspired and cannot pen decent prose right now, as I am retarded.

You see, this was my day, courtesy of my brain + Mrs. Fly’s plans.

I knew it would happen. My bad timing coupled with me chasing stocks petering out of their momentum was designed to do this. I have traded this exact set up thousands of times and each time I have lost money. In the future, I will be tricked and bogged like this again for a specific reason: hubris. If markets rally and I am not benefiting from it, I am inclined to compensate my hurt feelings in two ways.

1. Short the market and attempt to kill everyone else.
2. Chase the market and try to blend in with everyone else. “Hey guys, I am just like you. Want to toss the frisby around?”

Here is the bare truth and I am mature enough to know it and say it because my feelings, at the end of the day, are not important. I am just not that good at this time. The problem with me saying this out loud too often is I might start to believe it and you cannot trade well without confidence. But I think due to my awareness, coupled with the fact I am just about the smartest trader in the world, I can navigate through it.

Chiefly, my shortcomings this week was chasing failed rallies and then blowing the CPI day trade, which was huge because I had a massive $TNA position already in place.

Solutions: I might create a static portfolio sourced by my strategic holdings and quant and then trade around it using margin. If I do this, I will only need to concern myself with tactical plays and hedging, freeing up my mind to focus on those things instead of market timing.

Have a good weekend, catamites.