Thursday, January 10, 2013

A Hypothetical

Let's say you're a FaceBook investor that found the stock market.

Let's say you read Zerohedge a lot and read what you can about the economy.

Let's say you're incredulous about the market ramping whilst unemployment, food stamps, and government moronery run unabated.

Let's say you're putting your money where your mouth is by shorting this market.

To that hypothetical person I would say:
I understand how you feel.  I have been where you are.  Macro economic trading is a hobby like juggling knives or high-diving into inflatable pools.  It takes a long time to become one with the market.  Take your size down and notch some wins.  Do not hold over night.  Carefully record where every penny of your money is going from execution prices to brokerage fees.  Your trading capital is your air.
God Speed.