I'm getting frustrated, tired, worn out. Im sick of pointing out how shitty the global economy is. How the strong dollar will wreck havoc on so many markets. It is blatantly obvious that we are headed into if not already in a global recession.
2015 has been the year of violent whipsaws. The same as 2014. It's been two years now of horrific violent chop. I've been rich and poor probably 5 times this year. I have it in my grasp, get over-confident, start betting big, then next thing you know the moneys disappeared...
There has to be more to this game. Clearly I am missing something. Not playing it correctly...
The problem with this game is just when you think you've got it figured out, the market humbles you.
Swing trading short hasn't been working. I just keep getting whipsawed. Day-trading isn't working. I just end up selling low and buying high. If I have learned anything, it's that you simply cannot predict short-term price action. Sure you can get lucky once in a while but in the long run day-trading is a zero-sum game. Perhaps trading in general is a zero sum game...
You win, you build up fantasies of being rich, plan on it. Then you lose and those dreams get flipped upside down and extrapolated the other way.
Just two weeks ago I was on a high. Now I am the lowest I've been since before the August crash.
Trading. Life. Nothing is easy...
Through the highs and lows: It's all one big grind.
2015 has been the year of violent whipsaws. The same as 2014. It's been two years now of horrific violent chop. I've been rich and poor probably 5 times this year. I have it in my grasp, get over-confident, start betting big, then next thing you know the moneys disappeared...
There has to be more to this game. Clearly I am missing something. Not playing it correctly...
The problem with this game is just when you think you've got it figured out, the market humbles you.
Swing trading short hasn't been working. I just keep getting whipsawed. Day-trading isn't working. I just end up selling low and buying high. If I have learned anything, it's that you simply cannot predict short-term price action. Sure you can get lucky once in a while but in the long run day-trading is a zero-sum game. Perhaps trading in general is a zero sum game...
You win, you build up fantasies of being rich, plan on it. Then you lose and those dreams get flipped upside down and extrapolated the other way.
Just two weeks ago I was on a high. Now I am the lowest I've been since before the August crash.
Trading. Life. Nothing is easy...
Through the highs and lows: It's all one big grind.
The S&P is up 0.4% YTD
The NYSE is down -4.5% YTD
The Dollar is up 9% YTD
Oil is down -36% YTD
Treasuries are down -1.5% YTD
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