“Nobody gets a free pass … storms are the rule, not the exception!”
You can go a very long way to ensuring success in trading, by making sure your
eyes are wide open to trading liquid, volatile markets that have the very best
trading conditions … i.e., 1) at or near the very lowest in terms of “net cost” to
trade [bid/offer spread + any round turn commissions], 2) low to almost non
existent slippage, and 3) have among the very best “INTRADAY” movements of
any & all markets … these are things YOU can do … attempt to trade “stupid shit”
markets that don’t have any or all of these characteristics, and the scumbag
banks will “bleed you to death” … it’s death by a thousand paper cuts.
And this just gets you to the starting line, it’s got nothing to do with running the
race! … so, why do so many people who otherwise seem intelligent enough to
make money, fail in staggering numbers across the board? … I’m gonna answer
that, but many of you aren’t gonna like the answers; 1) people bring life
experiences to markets and think that cuz they’re successful at something else,
it will translate to trading success … wrong. 2) People think they can “think their
way” through losing trades, and go to “Plan B” on impulse and it’ll all work out
for the better … wrong. 3) Pretty much all people have no idea what matters in
trading from total bullshit, and couldn’t tell the difference between the two if
offered a cash reward … true! 4) People bring totally unreal expectations to
trading, and think success comes cuz they’re smarter than the clown who made
a million dollars, and if he can do it, I can do it! … wrong. And last but certainly
not least, 5) People are “told” what to believe and trained like puppies, by an
educational system that is corrupt and lies at every turn imaginable … true!
The system doesn’t want or need successful traders, what it needs are tons of
“worker bees” … ask yourself why B-Schools are funded by large multinational
corporations … so you can be rich? … no, the system needs a very large and
compliant workforce, trained the way they want, and doesn’t ask any
inconvenient questions along the way … there is no room inside any large
company for those seeking to make their way and retire the way they want
… you’re there to be worked to the day you die … period!
At the core and heart of successful trading, is realizing that what you see on your
computer screen, at any given moment in time, is exactly what everybody else
sees … the important question isn’t what you think it is, which for most would be,
“is this a buy or sell based on technicals”? … realize, you’ve been taught this, so
you think it’s true, when in fact you have it all wrong … the key $64,000 question
is, “what does everybody else out there looking at the same thing I’m seeing,
what do they think and more importantly, how are they going to react in the
seconds and minutes directly ahead of me”? … cuz when you ask the latter, you
get totally different answers!
Stock indices were introduced into the commodity markets via futures on the
SP500 at the CME, in April 1982 … the most popular, and still more widely
followed DOW30, should have been the index to trade out of the gate, but the
“blue blood” folks at Dow Jones, refused to have their “high brow” index be
hijacked to the Cocaine Cowboys running the CME, so would not allow the
DOW30 brand & copyright be used … S & P, didn’t blink an eye.
Ever since the day after the October 1987 crash, when the “Plunge Protection
Team” [PPT] was formed and immediately set out to kill shorts, U.S. stock
indices began the “80/10/10” trading paradigm … since February 2016, when the
FED began overtly manipulating markets by first saving the crude oil industry,
stocks have been in an “88/6/6” paradigm … argue with market facts all you want,
but it is what it is, and to deny it, simply means you bring your unfounded bias to
the table which will produce losses … how big the losses are, are up to you, but
they’ll be there as you’re trying to “pick tops” every other day and getting it
stuffed up your ass in spades.
What the “Traders Course” [TC] gives you, and what you’re not going to see
anywhere else I guarantee, is proper “perspective” on how volatile markets
operate and function, and how you should view them … if I gave it away, you
wouldn’t appreciate it, and I know you wouldn’t implement it … it’s simple! … I
never said it was “easy”, cuz easy implies a comfort level the masses can never
attain in trading … trading success means, quite literally, few will see the finish
line to financial success … I’ve said it before, and I’ll say it again, the problem
anybody has is FOLLOWING IT … as in following directions … as in doing what
you are supposed to do when the algorithms says to do it, AND NOT adding
some bullshit indicator of yours cuz you read a book once on trading … and the
good news is that you have the ability to demo everything first to see the proof
… but first, you have to bring your mind around to understanding the algorithms,
and train yourself to look for the signals, and understand intuitively why they
work so “Hoover Dam” well … do that, and the DOW30 can be your ATM into the
future. Continue on the path you’re on, and nothing is ever going to change.
Today’s DOW30 … “Oh, see my shocked face … somebody overnight decided
it’s “risk off” today [so far]” … seems the natives in Hong Kong are restless and
burning the place down, and then there’s the “China trade deal” that some are
seeing “souring“, as the ebullient optimism from mere hours ago has swiftly and
suddenly changed … quite frankly, it’s the “Comex Con Game” in reverse,
nothing more and nothing less … and just like a snap of the fingers, here comes
the ramp at the open, making no sense whatsoever, and shorts get destroyed
once again in a feeding frenzy to the upside … mucho minutos later, and it’s not
much higher.
And what you’re witnessing by the FED [a/k/a the manipulators], is the
destruction of trading capital by collapsing intraday VIX … it’s planned and
coordinated, with the specific goal of killing retail specs and hedge funds, and
benefits the banks … what else do you need to know? … the only way to survive
and prosper is through the TC, and the concepts of trading described therein
… if I didn’t believe it, I wouldn’t say it.
Over the last 8 trading days, only one day has seen a range greater than the 20
Day Range MA … one … already, we’re scraping the bottom of the barrel in the
DOW30 from over the last 2 years, but with QE in full force [just don’t call it QE]
from the faculty lounge Twits at the FED, volatility suppression is priority
“Numero Uno” … without steely patience & discipline, the banks will bleed you
to death … and in this VIX destruction, comes lower numbers of algorithm buy
signals that mean anything … what we really need to see is a turnaround in the
DOW30 20 Day Range MA … with the Holidays fast approaching, and unlike last
year where SHTF on the downside, this year is shaping up as destructive by
simply sitting here and driving people nuts.
Well, isn’t this convenient … just been notified via my smartphone, that phone
service & internet is going to be down for about 2 ½ to 3 hours starting in about
30 minutes … they’re replacing an antenna that’s been in the works since 6
months ago … oh goody, expect some great algo buy signals cuz you know the
rest … WTF … back up now, and that was an interesting slow crawl higher
wasn’t it? … classic QE, where I said the other day, I hope it’s not like 2015 - 2016
and we get tiny, miniscule ranges that are a B. I. Itch to navigate … whatever, we
simply deal with it and move forward, that’s all we can do … quite frankly, if we
had steady, high volatility, where the DOW30 had consistent 250+ index point
ranges, the algorithms would blow your mind … as it is, nothing lasts forever,
and while it would be nice not to ever see days like we’ve had the last couple of
weeks, it’s the height of naivete to expect they won’t come … well, they’ve come,
and with them VIX is markedly lower as expected given the circumstances, and
it’s why my projections for the algorithm are approximately 50+% a year in
returns … we simply can’t escape shitty periods like the one we’re in now … so,
what’s wrong with 50+% per annum returns with tight risk control? … it’s
factored into the equation.
Aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaand it’s gone!! … here comes
another bogus “China trade deal” planted headline, this time talks have hit a
“snag” … and down goes Frazier … no worries, stops only got shaved
somewhere between 50 - 100 index points in less time than it takes to blink your
eyes, and once Sheeple sell the lows, we can get another headline about how
talks are going “great”! … see how this works? … any questions now about
buying rallies in the DOW30 and what happens next?
But no matter, cuz within an hour cuz of QE, and stocks must rally no matter
what, here we are back up the 100+ points it went down in 1 second, like nothing
ever happened … a complete “con job” in other words, where as I said earlier, no
information or experience necessary in your life matters, when the manipulators
have taken control of the helm and say “higher” … of course it’s bullshit to
anybody with a brain, but as I stated, brains got nothing to do with anything
… and while you’re at it, go ask some shorts for an explanation [if they’re still
alive].
Oh well, onto tomorrow, where the “great game” continues unabated and new
recorder-er-er-er highs are most assuredly in the cards even more … and then in
seconds it collapses [again] … anybody see a pattern here? … with any luck in
this manipulated garbage, we’ll get some buy signals tomorrow as well … until
tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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