Wasn’t the NFP announcement one of the greatest trading moments of the month. Hah, figures much better, the Lemmings just can’t resist and buy like a mistress with a black Amex card after happy hour in the Happy go Lucky bar. And they keep on streaming, chucking their money at the rocketing index…. until, it becomes clear to the non losers, time to give the 95% a run for their money. As the Dow just climbs above 10,500 I start dumping my long positions, the USD is already showing the way, The GBP and Euro start falling apart and I find myself long the Dow, Short GBP, Short EU and wondering what the heck? has Risk aversion gone mad? That’s when I get it, they are running the Lemmings into the sea, I reverse my Dow long (made over 70 points already using Fast Economic News) and get short medium term for another 150 points. Thats 220 points on the Dow and another 300 pips GBP and Euro combined. The trend followers enjoying the dip keep throwing their money overboard and I just scoop it up, easy peasy!
And how was your day, were your robots spending your money for you? were your expensive systems you bought from various “Gurus” chucking your money down the drain at neckbreaking speed?
No need to answer pal, I know the answer, theses robots and systems pay me dividends as I am always on the other side of the trade, in this zero sum game. I suspect that the vendors of these systems are too, they know when the thousands who’ve bought them will make their move and easily get on the opposite trade, lovely jovely, money from all sides, with no effort. Ah, the human mind, so frail, so gullible.
When the system you paid $1000 for stops working and your kids are getting thinner, what to do? ah, buy another $1000 systems and start all over, this time it will work, just do the same thing again and expect different results, logical, clever and simple. It is said that 95% of traders lose money, maybe, but I think it’s closer to 99% especially now with tens of thousand traders executing the same trades at exactly the same time as everyone else, Lemmings or what????
The good news is that it’s not your fault, your dreams of becoming a winning trader are fading fast because you keep doing the same thing expecting a different result. It’s not even you, it’s your mind, your sleepy mind that has been programmed to believe that everything in life is easy and instant, just chuck some money at it and all will be well. Now, it’s up to you, are you going to throw out all the rubbish systems you bought, turn those nasty robots off and get your mind in gear. Go get refunds if you can, clear the decks, the more refunds you ask for, the better you will feel.
If not, I’d like to thank you as I will be there on Monday ready to take the other side of your trades, as you live in hope that this time it will work out ok. Oh, and thanks for the money you will hand over on Tuesday and Wednesday and all week, month and year until you run out. Does this worry me? no, there is an inexhaustible supply of lemmings, as they say suckers don’t die, they just get replaced by new ones.
At this point you may expect me to sell you something, and I can sell you 2 things, 1 to wake up your sleepy mind (the one that keeps you losing all the time) and 1 trading system that actually works. But I hesitate to offer them to you, you will think I want my commission and you are right, why not. Actually no, don’t spend $150, because that way you will hand over $15,000 in losses anyway and I’m bound to make more than a few bucks off you, thanks, chum.
So, don’t get this mind altering hypnosis CD stay asleep, and thanks for the money.
Don’t whatever you do spend $97 on this system , let your robot and trend following systems lose you $9700 instead.
But, if you have had enough, if the pain of being sold more and more snake oil at higher and higher prices is no longer an option, spend some money on yourself and get some food back on the table.
Peace
Mark
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