Even though it looks like I am doing a lot, I am really doing very little. I am not taking on a lot of risk. As a matter of fact, my entire market thesis is revolved around low risk. The one constant, through all of this turmoil, has been my oversized, big cocked, cash position. I’ve been punching people in the face, via timely long and short positions, but it’s all a big fucking circus act. If I was really looking to make serious coin, I’d be up like 200% by now, like my personal trading accounts.
Don’t get me wrong, I am not minimizing my 28% return. As a matter of fact, I am quite proud of it, like a Father claps for his son who just finished 4th place. See pal, I am not impressed with 28%, because I want more. It does not fulfill my craving to outstrip you, to only do so by 30%. As far as I am concerned, I am getting better, on a daily basis. I’ve always been good; but now I am getting better. Being up more than 180% over the last three years has really helped me grow and realize that I can do better.
But, there are certain limitations that I must adhere to, because it is my fiduciary responsibility. Believe you me, I am far more aggressive in my personal accounts.
At any rate, what you should be concerned with is how I am able to outperform, consistently, on an annual basis. Unfortunately, for you, there are no short cuts and I cannot teach people with monkey brains. This shit is a gift and cannot be learned. You either have it or you don’t, not so much different than a pitcher throwing 100mph fastballs. But, what I can do is help you see the bigger picture and instill some discipline to some of your trading habits. No, I am not talking about stop loss orders and pussy shit like that. I am talking about sticking to a strategy and learning how to walk before you run.
More on that later.
The market wants to bounce here, but the FXY is in its way. Should FXY drop here, we are off to the races, a good 200-300 points of upside in the short term. Longer term, we are still fucked, which is why I have a cash position of about 55%. Once again, my only short is MET, mainly because insurance companies are the dumping grounds for the financials.
Comments »