Quote from Big Money:
ByLoSellHi
Typical lack of understanding of what matters in the real world. It is always someone elseâs fault and I am not responsible for my own choices, in the market or otherwise. You are saying because you are not smart enough to make good decisions, it is someone elseâs fault and not your own. I am probably wasting my breath but you should really take a step back and listen to yourself.
Things are simple in book. If you are a speculator, which as a trader (or wannabe trader) you are, it is your job to make a decision, put your money on the line and let the cards fall where they may. If you are correct you make money, if not you lose money. The way it should be. You perform or get eliminated. PERIOD. I am reminded of something Jesse Livermore used to say when asked for trading advice: âIt is a bull market you knowâ or âIt is a bear market you know.â Yes, it really is that simple. I could care less why things happen but demand is demand, whether it is artificial or not, is IRRELEVANT. Sure I want to understand the dynamics to better position myself for moves and potential moves but at the end of the day if it goes up, you buy and if it goes down you sell.
Whining about why things happen the way they do is a waste of your time, unless feeling sorry for yourself is good for your business, which I doubt. All the major trends give you plenty of time to get positioned if you pay attention and take responsibility for your own opinions. True, a lot of the easy money has been made in oil, just as easy money was made by those shorting the sub prime blowup (which they earned by being smarter than most, the same as those who have been long oil). Only fools try to pick an exact turning point consistently. There is plenty to be made with the meat of the move, any move. Pay attention and you will be rewarded. And thatâs the rub. Most donât want to do the work, which is the real bottom line. Because at the end of the day, you are responsible for yourself and your welfare, no matter how much you want to shift the blame.
I wish you good luck because until you take responsibility for yourself and your actions, life will be a struggle for you. All the best.
BM