Monday, January 28, 2019

This was a really bad year for Day Traders

The last 12 months many Day Traders went bankrupt because they couldn't foresee just how bad it would be under Trump. Being a day trader is sort of like being a professional Gambler in Las Vegas.

In other words very few survive in this game especially when you have "The King of Chaos" as president. So, any known variables quickly (some days) became unknown variables and Day Traders were wiped out over and over and over again if they weren't watching. 

This was a year to be a Long Term investor or to pull out of the markets completely. Any other option was basically suicidal except for the rarest of people.

So, having enough cash to ride out this year might be important too given "The King of Chaos" hasn't been impeached yet and Venezuela could easily create a proxy war between Russia, China and Syria and North Korea on one side and The U.S., Europe, Canada, England, and Australia and new Zealand on the other and a few other countries like Mexico and most latin American countries too.

So, I hope it doesn't become another proxy war like Nicaragua and other places did in the 1970s and 1980s. Because Trump could get into Trouble just like Reagan and Colonel North did over all that.

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