People say to me……. ” Ya ya Kong… you with all your “macro mumbo jumbo” ( yada, yada, yada ).
Damn it Kong! Just gimme a break, and tell me how to make some money today! I want to get rich today Kong! Today!
Short term traders need to learn a little more patience, while long-term investors need to get “a little more involved” with the day-to-day action no? The age-old sayings “you can’t have everything” or perhaps “the grass is always greener” certainly come to mind.
The entire concept / principals of “trading like a gorilla” wedges us “in between”, taking advantage of “all opportunities” regardless of what markets do cuz……(guess what??) MARKETS ARE GOING TO DO WHAT THEY ARE GOING TO DO NO MATTER WHAT!
We certainly can’t control that.
So let’s take a quick look at today…..and consider that U.S equities rallied I dunno…..like “to the moon” in a single afternoon! To the moon Kong! The moon you ass! Everything is going up ! Up! Up! Damn you Kong! I just want to get rich and go live on a beach! What the hell is going on down there? I need to get rich! Now!
He he he……Everyone needs to just calm down, take a deep breath, understand that it’s just another day and take it for what it is.
Start looking “ahead” as opposed to “dealing with the present” and things will get a lot easier.
For some it might be interesting to note – I sold out this morning well early and in advance of this “massive run up in risk assets” missing what some might imagine as “an incredible opportunity to make money” though oddly…….every single thing I track / monitor suggests that I didn’t miss a thing.
If you where fortunate enough to “pick a stock” and take advantage of this short covering rally I commend you although – we all know what really happened today.
Bulls and bears both got taken to the cleaners.
How you liking the Yen longs right now Kong? I covered all mine earlier this week like you did and am starting to dip a toe back in with GBP/JPY right now. We finally filled the gap from September 8 (that took a while!) and now with this run-up hopefully we can get a big move down and cover that gap from September 1st.
Also, getting back in that Insanity trade looks promising with the EUR/AUD at 1.4282 (as of this writing).
Keep up! keep up my good man!
I’ve long since been out of JPY trades , as well “everything else” USD related this morning!
(Usually the tweets as well the “italic” text at the bottom of posts give most of my moves away)
Looking for some reload here in days to come with “increasingly bearish” stance developing. JPY “most certainly included!”.
David! I misread your comment.
Insanity trades “revisited?” he he he……re entries here do look promising.
Great trading man.