You gotta have huevos to press your longs through the weekend. That or an established system with proven statistics.
Our brains are funny things. We can take in super valuable statistical information, information that is objective and cold and dead and true. Then instead of doing what that information says to, we over-weight the first hand account of someone close to us—a relative or some internet guru.
That is how one stays firmly planted in the 90% loser category.
There is not much for me to say this lovely Mother’s Day Sunday. I usually do Mother’s Day big here at the House of Raul. Women, in general, worry too much. If we can do one thing for the women in our family it is to project stability on Mother’s Day. Prepare a bountiful meal. Host a gathering in a spotless space festooned with lots of living plants and cut arrangements. Send them home with leftovers and gifts. Then resume your purposeful persists, be them illegal hell cat street racing, writing or whatever it is you do with your time.
I shall press all longs into the end of Monday. If, per fate, we have some kind of a trend up Monday, then I shall push into Tuesday morning. These are just rules established in my trading plan years ago.
None of this is rocket science.
Keep it simple.
Raul Santos, May 10th, 2020
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