Wednesday, November 09, 2016

If you are a KING trader, you win even when Hillary loses

The markets did drop quite a bit at night, as I had anticipated (see my earlier posts), and I was tempted to trade Dow Jones e-mini futures (YM), my favorite trading vehicle, on this post-election day after Donald Trump's victory starting the very night after.

I could not fall asleep and I am a night person, anyway, which also explains why I rarely trade before the noon EST (9 AM my time). Yes, I need to get some sleep - if you go to bed at 1-2 AM at the earliest, getting up before 9 AM is not that appealing. It's not always so, but quite often. Probably too often for my own good, but that's one of those habits that are just impossible to break.

I took 7 trades at night, then 18 more during the day. Not a bad trading session overall, as you can see from my last tweet today featuring my trading results. Notice that I did not use more than 4 contracts per trade, which I like to refer to as classical KING trading. You don't need a big account to do well with KING.

So how's your trading "teach" doing these days? If I may ask.
KING, an e-mini futures day trading course, based on the methodology I use for my trading, is still only $1,400.

The people are pissed off and Trump wins

I am politically independent with a libertarian bias, so I did not have a dog in this fight, as I have said first two months ago and repeated it lately somewhat sarcastically. Both major candidates were badly flawed and that's about the only thing that most Americans truly agreed on according to the polls.

But, as I have said in my last post, I was hoping Hillary would win, though I was not absolutely sure. She was a safer candidate, more predictable, more mature.

As someone who leans libertarian, I find Trump scary. I hope he will not do much damage to this country, but people who think that Putin, an authoritarian that has been in power for over 16 years either as the Russian president or prime minister, is a cool dude, are either confused or dangerous. And what's worse, not only Trump thinks so, but so do his supporters (see the image below).

Americans have no experience with authoritarians, but Europeans do. Since I was born and raised in a European country that for many decades was under communist rule, I may have more appreciation for civil liberties than those who have been taking them for granted for over two centuries.

America, this beacon of liberty, has elected for President the man who finds Putin worthy of praise and perhaps emulation. I am afraid "that's not going to be good for anybody."


But he may as well turn out to be a good president. Let's hope so. And I wish him success.

Democrats have no one to blame for this but themselves. Just as they were blaming Ralph Nader for the Bush's victory in 2000, now they are trying to blame Jill Stein for that (see the tweet below). They seem to persist in denial. That's not very inspiring, to say the least.
As I said in my last post, the markets, e-mini futures first, would tank if Trump were to win, which they did during the election night, though may stage a rebound during the day.

Monday, November 07, 2016

Another Brexit-like event?

The US presidential election is only a day away, on November 8th, and it will have serious financial consequences in addition to political ones. Not only to the US but to the rest of the world as well.

The Wall Street crowd is expecting Hillary Clinton to win, and stocks have rallied today signalling that the odds of her presidency might have improved after she had again been cleared by the FBI of any wrongdoing in an e-mail scandal, the investigation into which has been going on for many months now.

But the race is very tight, so her win may turn out to be totally illusory leading to a Brexit-like crash in the stock markets across the globe after the election night, just as was the case after the Brexit referendum (see the tweet below).
I don't think this will be the case.

I expect Hillary Clinton to win and the markets to rally, but I could be wrong just like anyone else. In fact, like many, I was expecting the Remain side to win the UK referendum on staying or leaving the EU, because I honestly did not see the point in leaving.

And I still don't. While many try to rationalize this, I think it's pointless because the irrational behavior cannot be rationalized. Voters can be as irrational as traders or investors often are.  Reason is highly underutilized by most members of our species.

Hillary Clinton is a flawed candidate, as I said on this blog not long ago. In some ways perhaps even more than Donald Trump. But she is also more predictable, more mature, and so more acceptable to investors because if there is one thing that markets don't like it is uncertainty which can be a drag on business and economy.

Still, if you are a trader you can make money trading such events. Especially using tools like KING that are well suited for more volatile trading environments.

Friday, November 04, 2016

Manifesting abundance Maria Bamford's way

Maria Bamford is an incredibly funny comedienne.

Yet, not particularly well-known. I have discovered her only this year. She is certainly more original, more entertaining than many of her colleagues in business.

Here's a piece of her monologue that I found particularly funny. It starts ca 17:15 time mark and it's about using a vision board to manifest abundance. Or something.



The whole thing is worth listening to, if you have time - it's about 50 minutes long.