The wife asks, "How was your day?" Grumble, grumble: it is never good. Lost money, or could have made more. Vic and Laurel wrote that in 10,000 days in the market they never had a satisfactory day. On the too frequent days losing, it is never pleasant, and for the occasional wins, the leverage was never enough, or too much was left on the table, and could have made more. In thinking about this and experiencing it, it has to be like this in order to maintain proper money management.

Very rarely can one go in all guns blazing and catch the bottom tick with maximum leverage. It cannot be, for it is too dangerous and would be a violation of risk guidelines.

A poignant comment made by a wise man when reminiscing over the happy years raising young children, "The days are long, but the years are short." In the markets, the days are never good, but the years or quarters can be. Two completely different sorts of consciousness are at work in the two time frames. The long term is not readily comprehensible by humans, and thus the application of the present to a long term outcome is difficult to visualize and execute.


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