Yawn

Posted on Sep 9 2015 - 4:07pm by Sharpe Trade

I’ve told you already.

I’m not really satisfied until we receive a full market crash.  This?   Pffft.  This is nothing.

As we’ve said … for those who are new, your best bet for the entire month of September is cash.   Cash can be a position.  And as a position cash is beating almost every market segment out there at the moment.

I maintain my longs.  Hedged.  I had a down day to be sure in the short term trading account.  But all things in context.  Yesterday, I made 104 BPS.  Today, I only lost 48 BPS, while the market lost 139 BPS.

Think about those numbers for just a bit.

Meanwhile … I’ll go back to being bored.

And unsatisfied.

2 Comments so far. Feel free to join this conversation.

  1. NewLife September 10, 2015 at 4:14 pm - Reply

    My personal stance is “Uhh i dunno” since nothing is happening as of yet,though your desired crash may well be on its way. It just seems from s simple chart evaluation that the bottom falling out is the more likely option at the moment.

    A week ago I was convinced we would be rallying like mad,but the market probably needs to extract more blood from the sacrificial bulls.

    Tomorrow I may change my mind again.Still trading small.

    • Dan September 10, 2015 at 4:51 pm - Reply

      Yeah, I’ve been trading small, and more brief time periods when it comes to FX. Basically, in, and if doesn’t do anything for me, in the time it has to do it … I get out Been doing pretty well on that front.

      D

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