The other day, I took the afternoon off away from the screens to take my boat out on the lake and catch some bass. Since I moved in, all I’ve caught is small bass, less than a pound… Growing up, we called those Peter bass and, yes, they’re fun. But at the end of the day, they’re nothing to brag about…
In fact, you don’t even wanna tell your buddies about the fish — you’re embarrassed to reel it up because it’s so small!
And that’s how trading’s been… You wake up your screens, the market’s up or down… It feels like every day there’s something new and you’re dependent on headline news like Russia-Ukraine.
Don’t get me wrong, you could still hit a couple of singles and small trades, kind of like catching the small Peter bass. But you’re not bragging, you’re not sharing with your buddies how great the stock market is now because, like fishing, you go out there and you buy the hot lure… you spend hours out on the water and you’re just catching small fish.
But that doesn’t make sense if you think about this market because what hedge fund or large trader is gonna put millions of dollars to work right now? With so much uncertainty, it’s silly. You think all of the correlation with gold up, crude oil up, bonds up, things would be perfect…
But yet, some days gold stocks are down, crude is up and energy stocks are down…
It’s hard to trade. It’s hard to catch that big bass. But the other day, I was out there throwing a crank bait… and I did it! I caught about a 3-pound bass. Again, that’s nothing to brag about but it was something.
I hope this gives you hope to keep casting your line out. Remember… you can’t catch a fish if you don’t have your bait in the water.
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