The Kong Show – Trading Is Boring

I can’t remember where I read it ( or even if I did for that matter ) but somewhere along the line I recall someone telling me – “Kong…’ll know when you’ve become a successful trader, when trading becomes boring”.

To tell you the truth  – I’m bored stiff.

If it wasn’t for the current “Central Bank shenanigans” and the “complete disconnect of markets from their true fundamentals” I seriously fear that I’d be looking for something “completely new” to do! The short-term tech continues to work its magic while the long-term fundamental story becomes “even more” of a joke as the days go by.

Is there really any point debating the day-to-day ebb and flow of this gong show, short of just chalking it up for “what it is”??

How bout we just call this the “Kong Show” and call a spade a spade.

I’m going fishing with my dad, and may not be back for some weeks ( ya right ).

I’m sure you’ll be fine, as my continued suggestion to “stay short USD” has generally fallen on deaf ears anyway.

Enjoy the kool-aid people!

Kong…………so gone.


9 Responses

  1. Jane August 14, 2013 / 10:56 pm

    Yawn , I hear you !!! Enjoy your fishing trip. You deserve it !

  2. Tio August 14, 2013 / 11:48 pm

    cause pundit and expert said,’ USD will go up based forward looking interest rate expectation ‘.
    No ..Kong .. i’m checking your tweet and blog DAILY… just take a rest a while here and prepare everything . Enjoy your day .. sir

  3. devilyell August 14, 2013 / 11:58 pm

    Dear Jane,
    (I always wanted to send a Dear Jane letter)

    You and Kong are so right. When the method is worked out, and you have the discipline to trade it as written, it is a snooze fest to wait for the set ups to occur. But that’s what porn or fishing are for.

    >>you are a successful trader, when trading becomes boring
    Yep, as above.

    >>Is there really any point debating the day-to-day ebb and flow of this gong show, short of just chalking it up for “what it is”??
    Nope. Day trading any symbol is day trading noise. I have proven that statistically. If one has a way to extract a bit of predictability out of the noise there is money to be made. I do it every day.

    >>How bout we just call this the “Kong Show” and call a spade a spade.
    I am a Negro so I can relate. If you were not a racist you would call it the “Spade Show”.
    You’ll hear from Jesse and Al very soon. After all, there may be money to be made.

    Good luck fishing. I prefer catfish, but chicken is better.


  4. Jack August 15, 2013 / 3:16 pm

    Thanks for the QQQ Put recommendation, banked 50% in 2 days! You rock.

    This is the stuff I like to see, actionable trades we can follow along with. I would def pay to subscribe to real time trade recomendations.

  5. Power Corrupts August 15, 2013 / 7:16 pm

    right on Kong! you are crushing it!!

    dev –
    from Wikipedia:
    The phrase previously appeared in chapter 1 of Joseph Devlin’s book “How to Speak and Write Correctly” (1910)[2] where he satirized speakers who chose their words to show superiority:
    “For instance, you may not want to call a spade a spade. You may prefer to call it a spatulous device for abrading the surface of the soil. Better, however, to stick to the old familiar, simple name that your grandfather called it. ”
    Oscar Wilde uses the phrase in his novel “The picture of Dorian Grey” (1890) when the character Lord Henry Wooten remarks:
    “It is a sad truth, but we have lost the faculty of giving lovely names to things. The man who could call a spade a spade should be compelled to use one. It is the only thing he is fit for.”

  6. devilyell August 16, 2013 / 1:53 am

    I’M SORRY KONG! Hi PC and thank you for your comments.

    I may be misunderstanding one or both of the quotes. They seem to be contradictions?

    Devlin suggested it is better to “call a spade a spade” and use simple words rather than choosing “fancy” words to exalt oneself.

    Wilde (via his character Wooten) suggested it is better to use lovely (or fancy) words because the man lacking that ability is a plebeian only fit for manual labor.

    Did I get it right?

    I owe Kong and readers an apology!!!!!!
    I wrote, “If you were not a racist you would call it the Spade Show”. That sounds like I am accusing Kong of being a racist!!!
    The “not” should not be there. It was a dumb joke so the whole thing should not have been there.
    I’m sorry Kong and also to fellow readers.

    Friday already. Good weekend.

  7. Power Corrupts August 16, 2013 / 5:03 am

    right on dev!

  8. Power Corrupts August 16, 2013 / 12:30 pm

    Kong! Hope you caught some keepers! Check out the DJIA to spot gold price ratio on the daily. Looks like a breakdown to me …

  9. schmederling August 20, 2013 / 11:51 am

    Seasonality in the PM sector…. yum! Friday sounds like a good day to continue to trend…

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