I have taken permission to quote part of an email exchange with one of our long standing subscriber, who knows the meaning of patience and looking at longer term picture:
| 4:54 PM (20 hours ago)  | | ||
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You have nerves of steel BB!
I feel like throwing in the bearish towel..with all the other bears.. a sure contrarian sign.
I will commence my ******* next week.
All the best
Adrian
To which I replied:
| 9:36 PM (15 hours ago) | | ||
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But surely you are reading my Newsletters and Emails!
Did I not write about the BOYZ pushing SPX past 1600 about 10 days back and few times thereafter?
Everything is going according to plan.
No need for panic my friend.
Have a great weekend.
BB
Did I not write about the BOYZ pushing SPX past 1600 about 10 days back and few times thereafter?
Everything is going according to plan.
No need for panic my friend.
Have a great weekend.
BB
Just to demonstrate that we are not flying blind. We are well aware of what is happening around us, risks and rewards and we are positioning accordingly.
We do not believe in fancy charts although we execute our trades based on TA. And we are looking a much longer time frame. Mostly in months and years not in weeks, leave alone days. We are looking at what will happen in 2018-20 not next week. I know this is not for everyone and we get anxious / worried when a position initially goes against us. But then I have faith on my system and have seen it work better in longer term. That is why I am long grain today when no one loves it. That's why we went out of gold at $1660 over 2 months back and waited patiently before we get long again. Regular readers will remember our call for Apple many months back.
Of course we have our share of misses but looking back, had I hold on to those positions for longer term, most of them would have turned winners.
On the whole the winners are far more in numbers and longer we wait in a position, better our rate of success.
People send email asking how to subscribe. I have quite a few selected subscribers who have been with me for long time. There was a time when I took sabbatical for a year and wanted to spend time writing They have been with me since then. But now I am back to my high pressure 12 hours + day job and I really do not have much time for blogging, however much I love it. But I am committed to all my subscribers, that I should be able to reply to every question, every email, that they may have. All I want folks to know that there are alternative methods of investing, we do not have to hit every ball and score on every turn. I used to provide it free here in this blog but then folks do not value free stuff and most are looking for quick gain. So my style may not be suitable for all. Better to provide it to those who are on the same page with me.
I will close by repeating one of the old calls. That "Tectonic plates of the financial world" are shifting. If I would still be writing in 2018 and you would still be reading it, we will exchange notes about that call.
Safe trading , no, safe investing everyone.
Have a great weekend.
