I'm Getting Killed Out There

Date published: Thursday 25th of February 2016

As some of you know, I've been doing a lot of day trading over the last couple of years. It's an exciting world that I think you'll enjoy and I'm looking forward to putting out some videos on that subject next year. Yes, I know that 2017 is a long time away but I have a packed year this year and I have to be realistic with my timeframes.

Do me one favour. Please never let it be said that I am some character who brags about constantly making fortunes in the stock market. Nothing could be further from the truth, and I have to tell you - this year has been a killer, so far. I can confirm that over the last two weeks I have had a whopping six losing days in a row! That's an astounding and shameful record.

So, what's going wrong? Is it the strategy? Is it me? Is it you? (clearly it's not you, but I'm trying to add drama here!).

Well, let me give you my take on it. Every morning I'm up reading the news at 5am and based on what I'm seeing, I think the global economy is in real trouble right now. By the way, I'm not saying that we're all going to be starving to death next week or anything. I'm just saying that everything seems to be kind of crazy. There's moves happening which don't make any sense at all. Fear is everywhere. On top of that, the entire stock market seems to be getting taken over by computer algos these days. So, when a mere mortal like me goes in and tries to trade, based on logic, then I'm going to get whopped, every single time. That's what's happening.

There's only a handful of logical responses to what we're seeing. They are:

* Avoid day trading and go for more long term trades.

* Build and use a computer programme to beat the algos at their own game.

* Avoid trading the stock market altogether.


For what it's worth, I'm hoping to do all three. It's just madness out there. So, I'm retreating back into the world of web development until things calm down.

For the moment, my advice is this: stick to web development and avoid the stock markets.

Peace, love and vegetables.

DC

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