Hide and Seek

2- 3  weeks ago,   “I have a feeling”  that the markets will turn choppy — the prices reached at that point (last week of April) was just insane — with investors chasing returns  in  Oil, Silver, and the Australian Dollar — the  (1 AUD equivalent to USD 1.10 — been discovering more US shopping sites ! hahaha)  😛

Now the market is much more volatile — with the Greek and debt crisis  poking out its ugly head again.  Even  “shocking”,  Obama  is  rocking the boat now with talk of  a “US default” (if things don’t go his way).   Did I say   that was “shocking” ?  Oh don’t mind me,  nothing official,  just my personal thoughts.   (I didn’t think they’d  breathe a word about “defaulting on their debt” because they have TRILLIONS  owed to everybody — most of them Chinese!  There goes another super-power! )  😛

http://www.bloomberg.com/news/2011-05-15/obama-says-debt-default-may-unravel-global-financial-system.html

Anyway,,,,

So what have I been trading?  Nothing. 

I’m just sitting here waiting for things to play out.  In the past weeks, I  was  reworking my “trading life” my trading procedure, systems, schedule  and was very engrossed with what I was doing I was only following my long-term trade on my retirement account.  I didn’t want to open a new position. 

Officially,  that’s still “Trading”.   Waiting is part of Trading. There has been a Bloomberg survey of investors cashing up in the last week — converting their profitable plays from commodities  and stocks into cash.    This Debt issue is not for the faint hearted — there might still be good profit results from companies but market sentiment will be cautious to negative or “risk aversion” will be high.    There would be the battle-tested and sophisticated traders out to make money from the volatility, but if  your system is not meant to work in volatile markets, it’s  not the time. 

So consider this  my cool advice —  seek safety, for now, stay in Cash.

Hide and Seek - photo by Noel Abejero

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