The Daily Dose of Trading Comments

Over the years I've found it to be useful to public air my dirty laundry. You might think that this is odd and I'm sure your not used to it as most pundits will talk only about what they do right or talk in general enough terms to always appear right; but not this one. I make mistakes. I make them all the time. The market is all about mistakes. That is a necessary truth. No one; I repeat no one person knows what will happen next. We do have clues and if we read the clues correctly we can get a sense of what might happen but they are only clues.

The people who consistently make money in the market either manage their trades and trade execution well or they are in the know (they have inside information). There are very few of the latter but they have big bucks and they do move things. The rest of us are left when smart money management or tears.

Lately I have been spot on with respect to what the markets clues were and hopefully you were able to use that to make and stash some cash. Lately my money management and execution has been weak; quite weak. I have to change that. I've entered into traded with leveraged vehicles poorly and have had that leverage used against me. That has been the primary problem. I'm moving to correct that.

When you are having a tough time of it, you too need to try and step back and see what is and isn't working and, once assessed, take steps to correct the real issues as you see them.