One of the most annoying things about trading that I’ve pinpointed as a problem in my previous years is avoiding falling prey to bullshit noise. Currently there is a plethora of chirp chirping off of a few prognosticators right now. People that are calling for essentially Dow 1000, SPX 300, and other ridiculous predictions – that is who we are talking about here. They get these grandiose ideas mostly by fitting Macro theories and curve fitting their technical analysis to fit their macro scenarios. They are not economists, but they play one online. They are not even proven technical analysts.

The rehashing and repeating makes people feel smart. However, the only thing that ever matters over anything else, far far away and above is price movement. Because there is only possibility in these predictions and never is there a point of admittance of being wrong. In their minds its ok to be wrong for 340 SPX points, and as long as the SPX drops below that spot they will be right. Nevermind they waste a year of their life, while losing and going beyond their gains from the last trade.

The only thing that matters is performance and you can interpret that in someone’s personal performance, or just being right or wrong in general in what they say regularly. Remember that and don’t fall prey to bullshit – unproven noise that can make you miss out on opportunities.

Hey and that goes for me to. If I’m saying things that are different from your personal strategies, systems, theories, than I’m noise to you and you should unsubscribe from this blog and unfollow me on twitter. Just be confident in what you know works. If what you have doesn’t work, well that is another story.

Thanks for reading

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