THIS WEEK’S ROBOS STRATEGY RESULTS
Trades: 2 / Winners: 1 / Losers: 1 / Break Even: 0
Weekly Gain/Loss: +3.00%
Click here to see screenshots of every trade position from last week…
News from the trading desk…
ROBOS saw a welcome return to profitability last week, although uncertainty created by the shock U.K election result is still causing market participants to second-guess sentiment and continue the volatility. Theresa May’s fragile hold on the keys to 10 Downing Street, and a Conservative Party held hostage to the demands of 10 Irish-based, Democratic Unionists (strange coincidence that the colour orange features in the chaos on both sides of the Atlantic) means that the markets are unlikely to settle anytime soon. At least President Macron in France now appears to have reinforced his election mandate, however Germany’s Angela Merkel is yet to face the electorate, and until a clear result is known there, skittish traders are likely to swing to and fro with the wind.
I’m still traveling and so these results, along the current week’s, are/will be late in being posted, and for that I apologise. I am enjoying the break away from the terminal though, and being able to catch up with some long neglected reading. Before leaving for Europe, I purchased a book in Sydney by author/blogger, Mark Manson, called The Subtle Art of Not Giving a F*ck (sorry to any delicate souls who may be offended by the blue title, but that’s the cover, and that’s how it’s displayed in the bookstores, asterisk and all). Manson writes with humour – no, hilarity – but with a deep understanding of the human psyche. In fact, it could almost have been written exclusively for traders, and I highly recommend it. Over the coming weeks you may find me quoting from its pages; gems like the following…
Years ago, when I was much younger and stupider, I wrote a blog post, and at the end of it I said something like, “And as a great philosopher once said: ‘With great power comes great responsibility.'” It sounded nice and authoritative. I couldn’t remember who had said it, and my Google search had turned up nothing, but I stuck it in there anyway. It fit (sic) the post nicely.
About ten minutes later, the first comment came in: “I think the ‘great philosopher’ you’re referring to is Uncle Ben from the movie Spider-Man.”
As another great philosopher once said, “Doh!”
“With great power comes great responsibility.” The last words of Uncle Ben before a thief, whom Peter Parker let get away, murders him on a sidewalk full of people for absolutely no explicable reason. That great philosopher.
Still, we’ve all heard the quote. It gets repeated a lot – usually ironically and after about seven beers. It’s one of those perfect quotes that sounds really intelligent, and yet it’s basically just telling you what you already know, even if you’ve never quite thought about the matter before.
“With great power comes great responsibility.”
It is true. But there’s a better version of this quote, a version that actually is profound, and all you have to do is switch the nouns around: “With great responsibility comes great power.”
The more we choose to accept responsibility in our lives, the more power we will exercise over our lives. Accepting responsibility for our problems is thus the first step to solving them.
I think the last sentence is a perfect analogy for the existentialist trader.
Catch you next week.
Check out my fully verified 1% risk account at myfxbook.com, and screenshots of all trades from last week below.
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