If you are distressed by anything external, the pain is not due to the thing itself, but to your estimate of it; and this you have the power to revoke at any moment.”
There’s a lot of noise out there.
The glorified gossip columns and cartoon networks keep proving to be the equivalent of sugar and trans fat packed fast food.
Don’t be mentally obese.
Stick to price.
It’s better for the portfolio.
It’s better for the soul.
It’s a Bull Market you know…
I’m not sure if you’ve noticed, but owning stocks and spending our time looking for stocks to buy has been a much better idea than shorting stocks and spending your time looking for stocks to sell.
It’s not even close.
Just think back at all the people who told us to do the opposite every day, every week and every month since the Spring.
Gross.
Glad we laughed them off and focused on Price. I don’t know where the hell we’d be without it.
Now, as we enter 2021 we want to continue implementing this strategy of buying breakouts, not shorting them. We want to buy the stocks and sectors that money is rotating into, not shorting those. We want to acknowledge the expansion of breadth and increased participation in stocks around the world, not blind fold ourselves and pretend it’s not happening.
New. All. Time. Highs. [Read more…]