Daily Speculations
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James Sogi
Philosopher, Juris Doctor, surfer, trader, investor, musician, black belt, sailor, semi-centenarian. He lives on the mountain in Kona, Hawaii, with his family. |
5/16/2005
A Trade Fable, by
James Sogi
Early May: Storm warning; major floods were predicted. As the floods rose over the streets where the house of worship was located, a congregation member called to the clergyman, "Let me save you, jump into my truck!:
The clergyman replied, "No, the L#rd will provide!"
The raging water rose above the doors of the house of worship. Another congregation member called to the clergyman, "Let me save you, jump into my boat!"
The clergyman replied, "No, the L#rd will provide!"
The waters rose above the roof as the clergyman clung to the spire, another congregation member called to the clergyman, "Let me save you, jump into my helicopter!"
The clergyman replied, "No, the L#rd will provide!"
As the waters closed over the clergyman's head he cried, "L#rd, why did you forsake me?"
Came the voice from above, " Forsake you? I already sent three people to help you and your turned them down each time."
Moral of the story. When your trade is taking you down the tubes, and the market gives you a nice bounce to get out, take it. Don't say, (as a friend said), "No. One percent is not enough profit to be worthwhile. The market will provide more."
(Disclaimer. Moral may not be applicable to late May trade due to change in cycle on Friday May 13. Better weather ahead.)
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