The fundamentals “kindly departed” several months ago, ( if not a full year ago ) so….from that perspective alone – purely fundamental traders ( if such an animal exists ) have been shit out of luck for some time now.
Technical traders will have “long ago” been shredded to bits with attempt to “ride the short-term trends” in that the “short-term trends” have generally been “ranges and spikes” effectively blowing to pieces any single “technical strategy”.
And those of us that employ a combination of “both” ( admittedly struggling with the usual “extraction of profits” ) sit relatively idle, looking for opportunity – should “opportunity” present itself…..ummmm – ok so………when?
So who’s currently making money with their trading these days?
- Is it the “Fed chasers” of day’s gone by? ( now that the Fed is in full-blown taper mode – does that make any sense? )
- Is it those who caught the turn in the precious metals market / gold / silver / mining companies? ( looking at my mining investments as of this morning, one would think not. )
- Or could it be the savvy “corporate investor”? Weeding through balance sheets daily, seeking out those specific / individual companies currently poised for growth.
None of the above, as this is all by design.
You are “supposed” to lose all your money. You know that right?
During times like these, we run into the casinos with our pockets full of pennies convinced whole heartedly we’re gonna hit the jackpot. The T.V tells you, your neighbor tells you, your son tells you , your banker and broker tell you ( man……I’ve recently even had a 78-year-old retired school teacher tell me! ) – Everything is up. Buy, buy , buy. Nothing to worry about here – all is well.
Metals “pole axed”. Stocks “crammed”. Dollar higher.
Nervous at all?
This is all about position size, your ability to manage risk, and the balance of greed and fear.
The rest of it “isn’t supposed” to make any sense.