My trading blog - some personal market reminiscences

So, I have a blog. A trading blog that, just like this site, is primarily about day trading e-mini futures markets.

To be totally honest, I have more than one trading blog. In fact, as many as three on three different blogging platforms (Blogspot, Wordpress, and Tumblr), but the one I want to talk about here is the oldest of them. Even more importantly, it has been well maintained over the years, which cannot be said about the other two. This blog has been around for some 15 years now and has accumulated a bit over 500 posts, which is a fairly respectable number, I think. I used to write there more often, in one exceptional year (2013) producing as many as 150 posts.

I thought that it might be a good idea to write a little piece, and perhaps even a few more in future, about some posts there. I believe it makes sense to do this thematically rather than in some hodgepodge manner. The first theme in this first piece is what can broadly be called my market reminiscences. There are two blog posts, still very recent, that fall into this category, and I may add still more if I decide to update this article later.

One of the said posts concerns Bitcoin, or cryptocurrencies in general, and contains a bit of a warning, including what I call the Feynman dictum. It can be accessed here.

Let me be clear: I am not trying to dissuade anyone from following the fintech sector. Still, I would be very careful about investing in cryptocurrencies, even though I do see some trading potential in them. As of the time of this writing, I hold no position in any of them. When this changes, I will update this article and the blog post in question to reflect this.

At this point, my attitude towards them can be best characterized as that of cautious curiosity. I am not against them and not very much for either. I do tweet about them rather often in a balanced manner, but it is the first time that I dedicated a pretty lengthy blog post to them. I tend to be contrarian, not only when it comes to financial markets, though in this case especially, so my cautious attitude is very much in line with my general contrarian attitude.

If there is one thing that is unapolegitically true about market bubbles, it is that they always burst. Yes, I put a deliberate stress on this sentence. Needless to say, their deflated trajectory leaves in its wake losses and anguish that could have easily been avoided with only a bit more moderation and common sense.

The other post, pretty longish too, was written to commemorate the occasion of the Dow Jones hitting the 30,000 level. As I mention in there, I still remember the 4,000 mark and where I was back then. It was on the US East coast. It was about that time that my interest in the financial markets got rekindled. It had started a few years earlier in Poland, which at that time had been rebuilding its financial markets after over 40 years of the communist economic "nirvana." Communists did not believe in free markets, so there were no trading exchanges in the countries of the former Soviet block.

Posted on March 15th, 2021.