“Be at war with your vices, at peace with your neighbors, and let every new year find you a better man.” ~Benjamin Franklin Stay Tuned, Disciplined & Patient! {TJM} The Investor & Character Equation (ICE) | S + R = O IMPORTANT DISCLOSURE INFORMATION Please remember that past performance may not be indicative of future
No offense to the rock/metal band of the 1990’s, but investors must get used to dealing not only with their emotions but also trading against the machines. According to the article in The Wall Street Journal: 85% of all trading is controlled by machines, models or passive investing formulas, creating an unprecedented trading herd that
“The human factor is always incalculable.” ~Agatha Christie This is why you need a process and the discipline to stick to the process, along with being apolitical and unemotional. Stay Tuned, Disciplined & Patient! {TJM} The Investor & Character Equation (ICE) | S + R = O IMPORTANT DISCLOSURE INFORMATION Please remember that past performance
It’s hard not to have notable stats with the massive spikes in volatility to both the upside and the downside, often intraday. There have been 8,662 trading days since August 1984 (the furthest back there is intraday trading data), according to Sentiment Trader. Of all those days, there has been only 1 when the S&P
Over the past 3 trading days, we’ve seen the S&P 500 lose -4.7% over two days, only to gain it all back, and then some, on the third day. Since the Depression ended, that’s only happened two other times: October 9-13, 2008 October 24-28, 2008 Both happened during the Global Financial Crisis. Not a great