Trade update

I remain long DJIA futures, and I’ve been short oil recently. Also, yesterday was so overstretched to the buy side that I bought some puts as a cheap hedge. I do not understand what is driving market, and unlike most people I will not pretend to. It is probably still a central bank liquidity function. But, like a remora, I follow the shark, not the inverse.

I am fully expecting a fear event soon. I welcome it. One should be suspicious of any market that just goes one way. But don’t sell. Ride it. Get a sell process. Does not have to be sophisticated. Use a 10 month moving average if you have nothing else. And follow the shark. You do not process information better than the market. You are not smarter than the market. Practice humility and laugh at all these “gurus” online. Who are so rich they need you to buy their ideas.

Leave a Reply

Your email address will not be published. Required fields are marked *