We’ve all heard the saying “you can’t win if you don’t buy a ticket” right?
Well…as far as trading is concerned, this expression / process comes into play many, many times per week / month or even “per day” depending on your strategy.
You can’t win if you don’t buy a ticket – and I like buying tickets.
For some time now, I’ve been eyeing a large move lower in “global appetite for risk” which ( for the most part ) has eluded me thanks to our friendly neighborhood Central Bankers.
Day in day out – the “balls just keep tumbling” and the numbers just keep going round and round in what’s now become one of the longest running “lottery draws” of the century.
So the question begs – What if you miss this one? What if you don’t take a shot? Or more interesting…what if you nail it and win? Is it worth the ticket price to have tried?
In this case……with every single asset / price / elastic band stretched about as “far as it’s been” in human history, the purchase of another ticket ( then perhaps another ) looks very appealing.
I expect to be purchasing a ticket “short” mid-week, and just let the chips fall where they may.
Hey you never know right? And it certainly can’t hurt holding a ticket.