Time to chew my cud.

Wow! Last night I went to bed confident the uptrend was solid . . . and more bullish that ever . . . only to find we rolled over again . . . my balance dropped 15% from its peak. . . . and got stopped out . . . no matter how right you think you are . . . money management trumps all.

What I thought would happen yesterday is happening now. . . . I had a good ride from under 6300 and simply refuse to give much back.

Time to become a small trader again.

Remember, many large traders become small traders, most small traders remain small traders, a few small traders become large traders . . . and wise large traders choose to be small traders again . . .

You do not need sharp technical skills or market analysis to be a successful trader . . . the key to success is humility and money management.

The following is a must read for success in trading. If you can follow these principles you don’t need me or anyone else to be a successful trader. The Art of Execution: How the world’s best investors get it wrong and still make millions by Lee Freeman-Shor. This is available on Kindle for ten bucks. If you like my work please use the following link to help support this free blog.

To learn about bitcoin and why only bitcoin to hodl and sayvv the The Bitcoin Standard by Saifedean Ammous is recommended.

If you want to start trading, I recommend Bitmex. It is a well managed derivative exchange. Here is my referral link. You will get a 10% discount and I get a small commission that helps finance these free articles.

They do not allow anyone from the U.S. to open an account. If you need help to open an account email me at