Let the Bull Slaughter Commence

Posted on Sep 1 2015 - 1:21pm by Sharpe Trade

We were never bullish at Sharpe Trade, LLC.

It was a fools dream to believe in the bullish side of the trade.

Eurasia has always been our friend.   We have always been at war with Eastasia.

Just that fast?  

Kiss your bull market goodbye.  I already took a nibble shorting USD/JPY, and if this sell-off picks up speed?  I’ll increase that short faster than green grass goes through a goose.  If USD/JPY reverses against me?  No problem.  I only dipped my toe into the bear side of the ‘pool’ with a small position.  After all, we haven’t consistently broke through that 1921 level just yet.

In all seriousness however, this is what real traders do.  Especially directional traders.  We adjust.  When proven metrics speak to a new advantage?  You follow the dictates of price.  I thought the correction was over.  I went long risk, and made some money.  But I do not adopt such a stance as if I cannot be wrong. 

You are never a ‘perma-bull’, or ‘perma-bear’.  I see this all the time.  New retail traders want to pick a direction of the market and adopt that directional bias as if it were a religion.

We do not try to defend the previous directional bias.  We instead adopt the new trend, forgetting the previous trend ever existed for the time frame that we trade.  If the market heads higher and this was a fakeout?  Guess what?  We’ll adjust.  You’ll see us constantly adjusting here at Sharpe Trade, LLC.  Because that’s what markets do.

Eurasia has always been our friend.  We have always been at war with EastAsia.

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