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Random Rants and Market Ideas by Brandonf
- Thread starter Brandonf
- Start date
Interesting you flipped to the short side here...
I have gotten 9 emails from people about being in cash, the majority of them telling me I have the luxery of being in cash because I am rich, while they as poor undercapitalized traders do not. There is only one response to this. BULLSHIT.
I am in the position I am in now only because I have always tried to do the right thing by my trading account. If cash has been what is called for, I sit in cash. I looked at the end when I drew my account down to $8000, I had to get a night job at a gas station, but I made a commitment that I would do the right thing in my trading account. The only reason I have been able to grow it from that point is by continueing to do the right thing. Every time I stray from the path I suffer for it.
Being undercapitalized is not excuse to do something STUPID. If anything it should be an excuse to struggle even harder to always do the right thing. I have some positions on, both long and short, but I am still 80% in cash. If that changes I will let ya'll know, but the most appropriate thing right now IMHO is to sit and let this storm pass by and get the more clear and easier opportunities.
Brandon
I am in the position I am in now only because I have always tried to do the right thing by my trading account. If cash has been what is called for, I sit in cash. I looked at the end when I drew my account down to $8000, I had to get a night job at a gas station, but I made a commitment that I would do the right thing in my trading account. The only reason I have been able to grow it from that point is by continueing to do the right thing. Every time I stray from the path I suffer for it.
Being undercapitalized is not excuse to do something STUPID. If anything it should be an excuse to struggle even harder to always do the right thing. I have some positions on, both long and short, but I am still 80% in cash. If that changes I will let ya'll know, but the most appropriate thing right now IMHO is to sit and let this storm pass by and get the more clear and easier opportunities.
Brandon