This rally just keeps grinding. Every attempt by Bears to break it down lower has been met with PPT manipulation, CB Intervention & daily OPEC supply cut rumors. The Bear simply cannot get it done and I have been hurt badly being stubborn.
Well no more. I am doing what I wish I had done in February when I was rich.
Shut it down. I'm walking away for the summer.
For all I know, this market grinds sideways for many more weeks and months before time inevitably strangles the Bull in its Deflationary grasp.
Summer trading sucks. I've learned this from experience.
The Volume dries up, the algos take control and what you see is drift & whipsaw that is impossible to trade.
I fucked up this year. I'm not going to lie I basically blew up my account.
I made so much money in January/February it fucked up my mind & next thing you know in weeks my account went from ATH to ATL...
I'm not proud of it but I just need to learn the lesson and move on.
The fundamentals are fucked, yes. The data confirms this weekly but unfortunately in this market nothing seems to matter but the hope that Central Bankers actually know what they are doing and that they have some sort of magical power to prevent the market from ever dropping.
Anyways, I've had enough.
I've been going at this hard, sinking every bit of energy into trading since I began but I need a break.
I'm going to Hawaii next week. I booked the trip when I was rich in February haha.
At least I got something good out of all of this market madness. 🌴
I'm using this trip to relax & reflect on my life. The choices I have made. Where I want to go. What I want to do with my life..
I do believe I will ultimately be proven correct with my macro thesis & the market will ultimately bend to the deflationary forces in time.
But I need a better approach & a more solid trading strategy.
Let's call this the end of another chapter.
Do yourself a favor & take a break once in a while. Live your life.
The market will be there full of opportunities and better setups when you return.
The best trade of the summer is walking away & letting this mess sort itself out.