I just had a special 2 hour and 15 minute drive home! If that was not great enough I have to head out in an hour again! Just lovely.
What Can be Said?
It was a panic out there today on the buy side. Not much left to be said. I laid out this path in a couple posts over the past weeks, was not a huge surprise.
I got almost none of the massive rally in my trading account. I over thought things too much instead of sticking to my general ideas that I wrote out on the blog. Don't worry for me, I do have a long term account (4 times larger than trading) and I had a good summer there and caught a little of the latest and greatest rally. I am a far better longer term trader than short term, it's becoming very clear to me! I think I trade different when I choose to talk about it openly and that's something I will have to think about. Live and learn.
Anyways, markets set up now for either a repeat of last year end's epic run or some kind of collapse after a 20% move in under 30 days. Should be fun as always.
Have a good night.