So far not even a week of imprisonment but I am just about coping despite the utter dearth of decent TV to watch and of course no Sport that is worth the effort of lifting your eyelids for. I managed to go out for some sneaky ‘exercise’ in the Cupra for a few minutes but other than that I just got stuck in with ‘work’ such as reading Investors Chronicle. We are just heading towards Summer and of course the Clocks are changing but it would be nice if the Arctic Winds would relent and get on with the sunshine bit. I have some seeds planted but with the chilly temperatures it might be a while until the slugs get something to eat !!!
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Phew, what a week that was. What a fortnight really, but I felt the falls on Wednesday and Thursday this week in particular were extreme and if not a Final Capitulation, they certainly had the sniff off a Capitulation of some sort and there was definitely panic in the air.
After what was a very draining week for me with just the sheer intensity of staying mentally focused on the constant newsflow and developments on the Charts and suchlike and a barrage of worried people calling and Direct Messaging me; I was certainly feeling frazzled by Friday and I had to duck out to a large extent that day just to recharge.
I don’t intend this to be a lengthy Blog as I am starting it quite late on Saturday night and I am personally getting quite bored (although grotesquely fascinated) by the unfolding Virus Crisis and I can see a situation where the Markets are best avoided for coming months because they are likely to be pretty unpleasant. Of course if you are a Short Term Trader there will probably be lots of choppiness to take advantage of but that is certainly not my game and the unfolding misery should give me lots of excuses to spend an extended amount of time in my garden and I have plenty of books to read etc.
I suspect there is still a huge proportion of the UK (and almost certainly the US) Population who have not grasped the enormity of what is happening and even from a few discussions with pretty clued-up mates they are not really totally on the ball with the steadily worsening situation. I spent a while digging the garden today (hey, let’s face it, I might be relying on the harvest to stay alive this year !!), and at around 7pm I turned on the TV News just to see what the current ‘score’ was and the doubling of UK Deaths (IN ONE DAY !!!) followed by Spain, France, Greece not far behind Italy in total shutdowns, it didn’t take me long to realise that it’s been another appalling few hours.
That’s a pretty extreme bit of titling for this blog but I want to just quickly mention that after a fairly minor but very irritating problem with the WD1 Website when viewed using a Mobile device with the latest version of Android, I spoke to Weebly Support and they have suggested that I change the ‘Theme’ of my websites to a more up to date one.
I find stuff like this remarkably irksome and I just see it as a distraction from getting on with what I should be doing which is going to the pub and writing blogs and putting out tweets when I am in the mood. I am never in the mood for what to a large extent I just see as hygiene nonsense related to IT that rarely does what I like it to do for long !!
I don’t want to spend hours and hours on this because I had a heavy day on Twitter yesterday taking a complete battering from all the ‘Long Only’ merchants and I wrote a fair bit on a Blog last night about what is happening on the Macroeconomic side and my Strategy to cope with whatever way the Markets move. You can find that Blog below this one and I suggest you read it with an open mind and don’t get psychologically wedded to a stance one way or another – in this game we need to be flexible and have a Plan which can quickly adapt.
Allowing yourself to suffer immense Cognitive Dissonance and to get Emotionally strung-out is not an effective way to manage Risk and make money in the Markets. |
Stocks & Markets WheelieBlogsThese tend to be more Markets and Stocks related and timely - the Blog Page on the Main WheelieDealer Website has the 'Educational' stuff (well that's the theory anyway !!). Archives
October 2021
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