Maybe I can’t sleep so well. So I’ll write. There’s something incredible about trading and investing that is unlike any other capitalistic satisfaction in the world, in my opinion. In any other job, you have to work for somebody, even if you are your own boss. You have to please clients, trade with consumers, rely on people in the end. If you have a boss who pays you, you’re even more dependent. I have a boss. I like him. In fact I have a few people over me, but we get along well because they trust me and I trust them.
But pleasing them is nothing like winning a trade. Why?
In the markets, you have no bosses. Nobody does. It’s you against everyone else. It’s everyone else against you, and you are all equals. It’s your brain against everyone eles’s brains. It all depends on how you think, if you can figure out the answer better than all the other people trading against you. You answer to no one, have no clients, are dependent on no one. If you have the right answer and are willing to put money on it, you will beat everyone else who disagrees with you and puts money on it. No matter their background, how old they are, how much experience they have, degrees, titles prestige, or anything else.
A guy making his first trade with $1,000 in his brokerage account can beat the biggest banksters on the planet armed with hundreds of billions of dollars on any one trade. If he keeps beating them he can bankrupt them. There is nothing theoretically stopping anybody from beating the deepest insider. Anyone can beat anyone at any time. Anyone can even beat the Fed if he waits for the right timing and execution.
If you are right, regardless of your “qualifications” you will beat them. There is no one to please and no one to depend on other than your own thoughts.
If you are the type of person that has sincere convictions based on logic and morality, then the markets are the place for you. Yes, you certainly have to figure out the timing schemes and the different vehicles and how they work and the timing and spacing appropriate for each bet you make, but once you learn that technical stuff, any Austrian can beat any Keynesian over the long term.
It’s the true battle of ideas, where the true idea will win the money, and the false idea will go bankrupt, because no one, nothing, can fool the markets.