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Weekends Wrist Check


By-Tor

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Yes, there are worse things, although it is important to distinguish the difference between putting millions into one of my funds and giving me millions.

I hope to one day achieve the latter, but in the meantime the former will have to do, which basically means that they are never my millions and I have to sweat out the risk in exchange for a small percentage which I don't get at all unless I win. Good thing I have a postive expectation huh? The alternative is working for free and that will never do...

That is why I jest about the genius stuff. A monkey could do what I do. Successful trading is all about quatification of risk. That is it. Forget winning, but how much can I lose on every trade I make? If you know that you can mold a plan that consistently makes money using leverage if the market should happen to move a lot in either direction. Nobody ever knows what any market is going to do and analysis is futile. It took me 20 years to figure that out. Therefore you have to make sure you are available in case it moves, and that you have a way to take advantage of it if it does. I am basically always in if the market moves and if it moves a lot we make a killing. If it doesn't move I don't make any money - but I know exactly how much I will lose. Case in point is this month. We have been shorting the S&P 500 all the way down. Just awesome. It is the motion for me. My aggressive fund made 107% from 10/1 through 10/15. Can you imagine?

I hope the world doesn't end, but in the meantime, God bless the financial markets. This volatilty is a market neutral trader's dream. A wet dream...

But in all seriousness, the world is very close to ending and I'm dead serious about that. If you think the market crisis is bad, wait until the same thing happens to EVERY currency because the only way to fix the markets is to print money. And in the same way the bill came due for printing leverage on undervalued real estate paper, the bill will come due for our devalued currencies one day and there will be no escape from that stranglehold. Seriously, I'm not kidding - get some ammo ready because we will all be obtaining food at gunpoint when that happens...

Ahh, I didn't realize that that was what you do. I've suspescted I'd make a good stockbroker after playing the rather basic computer game "Drug Wars". I had a hunch just before I went on vacation that that would've been an excellent time to buy shares in UK Banks for peanuts, but, as I'm not signed up to buy shares, I couldn't take advantage of the situation :( Oh well...

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