Equities I mean.
Actually? You know what? Scratch that I said ‘equities’.
All of them. I hate all of the markets right now.
And it’s not that I am bullish. It’s not that I am bearish. Forget direction. And it’s not that I don’t enjoy trading. It’s not that. I’m doing well.
I just hate the way these markets are behaving at the moment.
I hate these markets.
It’s a bit difficult for me to explain, because it’s something at some level that I … feel. I was speaking with another trader recently, an institutional trader, and we were both trying to determine, trying to … quantify … this feeling we both have at the moment. We both came to the conclusion that it’s something you can only really identify with time and experience. But we both feel it. We just hate these sort of markets, and the way they are behaving. Meaning that the markets simply feel … unwieldy right now. No, this is not some esoteric ‘gut feeling’. That’s not what I’m talking about. You do this long enough, you trade through a 9+ sigma event, you can spot the markets you hate dealing with, because they’re just not ‘flowing’.
Even that sounds stupid … ‘ … you can spot the markets you hate dealing with, because they’re just not ‘flowing’“. I wrote it and it sounds stupid. I know that.
Dan, what in the heck are you talking about?
What is it I hate specifically? Like I said, all of it. It’s Oil. It’s Macro. It’s the Yen. It’s the Swiss Franc. It’s the increasing frequency of these large swings in stocks which the VIX may not truly showing you. It’s China and Russia’s current economic woes. It’s all of commodities just getting crushed. Negative interest rates (remember all of the YouTube geniuses that said that couldn’t happen?) It’s the Dollar.
Just … all of it. All of it together.
I feel like I’m stuck on Escher’s Endless Staircase or something. Nothing makes sense.
I hate these sort of markets …