Sunday 9 June 2013

Thank You!

Life of Finance Blogger can be tough.
People have different time frame for trading and we all expect instant and positive results for all our trading. That is simply not possible and many times Trolls send abusive emails.
However, once in a while, someone send encouraging emails as well.
The following is an email from one of my long term subscriber:

Hello BB.
Thank you so much for a the many good calls you have come up with.
This has been quite a experience for me.

I would like to thank you for the newsletter and the many blog entries
you took the time to author.
I would also like to share a bit of my trading history, and the
reasons for me to sign up for the newsletter. You see I have been
trading for 7-8 years. It all started with the many daily discussions
about media, politics and financial bubbles of the danish housing
market (I live in Denmark), almost needles to say my views was/is
contrasting to the media painted views -  most the discussions back
then was ending the same way, with my friends telling me "if you are
that smart, go make some money". Well, I opened an account and so it

After the beginning of my trading there was big wins and big losses,
my trading style was about macro and stats, I thought, but I was so
wrong. For me it was mostly about emotions. I became emotionally
exhausted and the timing of the swings was my bad. I saw ETF 3X move
up and run away with gains up to 100% ending with losses in the double
digits. What agony.

So I left the "minute chekking" - checking accounts on hourly basis -
emotional stress and returned to where my successes were (looking from
my trading history). It took half a year before I did any trade again
- and quit levered ETF as a whole (up till now). I never thought I
would be subject to this level of stress because I am a very clam guy.
After my pause I got some checks and balances in place which could
counter some of my bad trading habits (for instance if a trade goes
against you the counter trade is not the right one either, it not
about being IN - its about capital preservation).

I started following you on the blog and it was a easy choice signing
up for subscription to the newsletter and that was the first time ever
I paid for trading advise. But I knew I needed some guidance to grow
with. Partly so I would not revert to my old trading patterns of wild
swings (happened before) a sane voice so to speak, and to get my
emotional toolbox in order.

And now I am more confident than I have ever been and hoping to
continue the journey with you on ward and finally this week concludes
some of the best winning 9 months for me.
My deepest thanks for the advise and being the sane voice I needed so much.

With the best regards.

I was both humbled and touched with this email.
Thank you my friend.

Coming back to market, our exit time was very good and so far our new trade has played well. I was not able to scale in the 2nd part because it ran away from us on Friday but I decided not to chase it. I think the trade will come back to us on Monday to a certain extent when I will add the balance position.

I see a long term top forming on Housing and would think that with the coming bounce we should exit housing if we are long housing. Also with the sentiment negative on gold, I see a long term bottom forming but I still think we will have to wait somewhat more before we can go long.

Thank you and wish you all great trading.


  1. Great timing on the call . Love ur posts. So are you still looking for a major top to form below the current high or a new high around 1720 please.

    Keep it going.

  2. Thanks.
    1720 is a possibility.
    Between 1685 and 1720, there is not much room for joy, except killing all the bears and sucking in all momentum chasing lemmings. (H/T: ZH)

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