Today, rather unexpectedly, my systems got flat all of their equity shorts and flat the currency trades. The markets may run further but I am now flat going into the weekend. This was a rather amazing month…with some account results over 100% for the month but overall performance averaging over 40% returns for the month. I get big months like this several times a year…but it still amazing to see the trades close.
I think its rather interesting that the systems covered and I am happy to be flat…certainly dangerous times we live in and challenging trading. I would not be surprised with anything out of our fearless money printing credit pushers. But in any case, I hope everyone takes this as a symbol that things are NOT ok and addresses their risks appropriately.
9/11 was a big event personally for me as my office was right there by the World Trade Center and it effected me and many of my friends directly - my thoughts are with all the people who lost loved-one’s this weekend. Have a safe weekend.
10 Sunday Reads - My easy like Sunday morning reads: • Oral history: Prince’s life, as told by the people who knew him best (StarTribune) • French election explained in fi...
49 minutes ago