As an investor you have 2 choices:
- You can try your hardest to take advantage of the current market environment, either to make money from it, or in many cases, keep as much of it as possible
2. You can complain that you don’t like the rules, you don’t like those who make the rules, you don’t like those who enforce the rules, you don’t like those who take advantage of the rules, you don’t like the broker you chose, or you don’t like the “system”, which you believed is rigged.
You can do that….
If it makes you happy to complain and complain and complain, go for it. Have a ball. We have that right in this country.
But most of us find the latter to be a huge waste of time. You see, we already came to the conclusion that we don’t like some of the rules, or we don’t like some of the people who make the rules, or even some of those who enforce them. We certainly don’t like some of the people who take advantage of the rules, many of the brokers profiting from it all or the system in general.
It is rigged, in some form or another, on all timeframes.
We figured this out when you were still busy throwing college parties and writing gambling blogs. We did our bitching back then. And then we moved on.
Welcome to the market. It’s completely rigged against you.
Deal with it.
You can take your ball and go home if you want.
Or you can take advantage of others who are uniformed and/or behaving irresponsibly. These types of people are the ones making donations to the market. We prefer to be the ones extracting that money from the market. You see the difference?
I don’t feel bad for anyone learning these lessons. In fact, I can even argue that I’m envious about the journey that they’re about to embark on!
For me personally, it’s been an amazing ride and it’s really only just getting started, when you really put things in perspective. I’m still only 38 years old.
But for those who are just figuring it out, good for you!
Sorry you had to learn these lessons the hard way, but that’s the only way you’re going to learn. That’s how we all learned.
Think of it as a blessing. Not a curse.
Now you know, while most of the others don’t.
Welcome to the club.
I promise you guys from the bottom of my heart that there is no other part of my entire process that provides as much value and information as my monthly chart review. (Premium Members, check out the Chartbook right here.)
That process takes many forms. Over the weekend I was on my own rifling through charts at my desk. On Monday night, the team and I were on our monthly Strategy Session call putting charts into context for our readers. And in between, we were sending each other the best charts we could find through texts, slack, email, you name it!
Now it’s your turn. Which monthly chart stood out the most to you?