As is customary, every time the market trips, some institution decides to come out with a dire warning. October 11th was the first real sell-off we saw this month. On cue, HSBC decided to issue a red alert for the market.
Now please allow me to digress for a bit. I wouldn't trade my day job for anything, except perhaps escaping in the wilderness and marveling at nature on a full-time basis. While I learn so damn much every day, especially about my own psychology, I am amazed at just how primal the feeling is watching the markets move lower. When markets move lower, I usually lose money. It is almost like the Joker stole my clients' money and my money and decided to have a bonfire party.
Losing sucks. After doing what I have been doing for almost a decade, that ugly feeling of being down…
