Market On Open, Tuesday 12 November
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The Bull Train Remains On Track
by Alex King, CEO, Cestrian Capital Research, Inc
All bull markets come to an end, and this one will be no different. But I don’t think it is done yet. The trick in equity markets right now - also in Bitcoin in my view - is to ride the wave up for as long as it is going up, whilst never ever assuming it is going to keep going up. This requires a particular kind of dead-inside no-emotion approach to money, whether it is your clients’ or your own that you are running. If the accounts in question move up, you should be thinking about how to protect those gains. If the accounts in question move down, you should be thinking about how to not lose more, and also about why you lost what you did, and what you should have done differently. I don’t think gains are to be celebrated nor losses commiserated. It is just a videogame. Number go up, good. Number go down, bad. If you play the videogame well than your clients and you can all buy more nice things. Good. Play it badly and you will have less clients and fewer nice things. Bad. Like that.
Let’s check in on the bull.