Trade Findings and Adjustments 08-19-2021
OK let’s talk about our market today:
William just said volatile ????= VIX is at 24 right now and was as high as 37.51 the beginning of the year
Abraham – Nobody know where the markets will go
Our Monetary EASY cash crisis means everything that we expect to happen won’t happen
We might see our gains/profits this year until Nov/Dec
I’m not worried about our individual positions EVEN though we are in all the dogs of the S&P this year
Just because the market is hard on a UP year of 19% doesn’t mean you throw away your discipline
Risk free stays risk free
You wait for the probability movements and don’t try to outguess the market = we don’t catch tops and bottoms
We protect even IF the markets are sideways
You STAY rational longer than the markets will act irrational
The hardest thing to do in trading is be patient
IF I am completely flat out wrong and my numbers lied to me, we can still make a ton of money on a stock/company that is going out of business = Add insurance or long puts as the company breaks support levels – 2008 learning experience
