“That look you get when a trade wastes no time going against you!”
There’s so called “smart money”, and then there’s “dumb money” … the colossal
& supreme irony of trading is that most people who trade are bright people,
they’re not stupid by any stretch … so how come 90%+ of them CONSISTENTLY
supply the other 10% with all the money? … if they’re so smart & everything?
… NEWS FLASH: “most people are trading dopes, and when they win by sheer
luck, they attribute the win to their genius, and that’s the fatal mistake … cuz the
dirty little secrets of trading aren’t being handed out on CNBC or some other
MSM financial mouthpiece of pure bullshit, they’re learned by experience, craft,
and a “Hoover Dam” good trading model” … it should come as no surprise to
anyone that large hedge funds have gotten rid of the humans and replaced them
with machines … and what that means, is that I have to be faster & smarter than
those dumb ass machines, and anticipate their next move … and to do that, I
have to utilize REAL TIME ANALYTICS that can’t be manipulated by the Twits at
the FED, the scumbag LP banks, and get me to do things I don’t want to do.
Practically everybody in the world is attracted to “trading” cuz of the glitz of
money … that’s ass backwards … money is the “manifestation” and end result
of “playing the game” correctly … what should attract people is the “game” itself
… quite frankly, this IS pro sports without the physicality and necessity of being
a superb athlete … but underneath trading is the same set of “problems &
doubts” that pro athletes discover rather quickly in their careers, and that is
“can I deliver the goods? … not just today, but EVERYDAY I’M PLAYING? … and
what happens when I can’t anymore”?
The electricity of the trading floor was something I wish I could convey in words
… sadly, I can’t do any description justice … and on “Day 1” when anybody
walked in to a trading pit for the very first time, the utter confusion & chaos that
greeted them was mind blowing … but what really got underneath people’s skin,
after a couple of adrenaline filled days, was the sheer “horror” of coming to grips
with the fact that “I got to make money in this shit every single day … how the
frick am I gonna do that? … WTF have I gotten myself into? … cuz you got bull
markets, bear markets, & dead markets … I got bills, rent, fancy car payment, &
a wife/mistress/girlfriend who doesn’t understand or even cares to think about
spending a weekend night eating pizza and watching a movie on TV … “hey big
shot, are we still in college or what? … I wanna do something”!! … and the weight
of that added to all of the “what ifs?” you got swirling in your head, and maybe
now you get a glimpse of the fact that for most, it ain’t the “James Bond” lifestyle!
… how the hell do I make this work!”?
And what you learn rather quickly if you want to stay out of the “Pudding
Business” and in trading, is that you have to “prioritize” your life and do “what is
necessary” to make a living in all kinds of markets … and while I know everybody
out there is a closet “market genius & guru”, the fact is if you were, you’d be
sitting in the corner office of JPM making 7 digits … you’re NOT, I’m NOT, nobody
is … cuz at the end of the day, all that mattered is what happens when I’m in a
trade … I NEED to be the casino, NOT the guy standing there playing craps, and
if you don’t intuitively understand this, then there’s nothin’ anybody can do for
you, cuz you’ll ALWAYS be supplying money to any market you trade … people
rationalize every which way from Sunday about losses, but none of that shit
matters … what matters are 2 things … 1) is my trading plan “solid” and
statistically in my favor, and 2) did I execute the plan or go “rogue” … everybody
is human, and if you went astray cuz of emotions or whatever, deal with it and
move on.
Nothing you’ve ever done in your life, or will ever do, is in the same universe as
trading … nothing! … your educational & business skill set here means NADA, and
in fact can hurt you cuz you’re used to dealing with issues & problems by thinking
them through … here, that time doesn’t exist for you … there are players who
WANT & DEMAND your money, and they use every sneaky ass tricks ever known
to man to get their way … and while the trading algorithm does all the work,
behind the premise is knowing how these scumbags work and getting them to
work for us!
“Umm, I was under the impression there would be a market today”? … another
“very light crackling noises … then crickets” kind of day, and although again
EURUSD got very near its 20 Day Range MA, the way it got put in was
disappointing … trading action on the M1’s very poor again today … it’’s like
watching turtles race a quarter of a mile … call me when they’re done!
Two algorithm buy signals today in EURUSD … TURNKEY PAMM / MAM UP
SLIGHTLY [halfway up to 0.1%].
I’m a little disappointed we only got 2 signals today in the entire European
session, although right near the close of the session, within minutes, there was
a third signal I ignored, simply cuz it’s too close to the scumbag, criminal New
York banks for my comfort … I literally hate & detest these assholes, cuz I know
who & what they are, and they aren’t anybody’s friend that’s for “Hoover Dam”
sure … only if I’m forced to, will I willingly trade in the New York afternoon
… they’re as close to being “liquidity providers” as the mob is to providing
“loans”.
It’s early still in the week, but the trading action is only marginally decent, and
if it gets worse [which is possible] I’ll swing over to Cable [GBPUSD] and trade
there … fact is, the trading algorithm is extremely effective in the FX major dollar
pairs, and Cable this week [so far] trading well … between the two pairs, we’ll be
fine.
..… until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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