The market rises and really couldn’t give a flip about how you feel about it. 

Absurd, Yes!

Ridiculous, Yes!

Am I still making money off of it, YES!

At the end of the day, isn’t that all that matters? I mean sure, I would love for a sudden and swift 10% pullback that sends chills through all the 17 year old traders who think the market is easy, and are driving lambos since their 16th birthday because of it.

But buying the f****** dip works, and works brilliantly. Especially if you think that the market was designed to rally off of every intraday dip. If you manage risk appropriately, yeah, you give up some profits along the way, but you remain consistently profitable and in control of your portfolio. And when the rug gets pulled out from underneath all the noob traders from the last three years, you’ll be laughing all the way to the bank because you got short while the rest of the gold-digging traders were still buying the dip to no avail.

Early on today, the S&P 500 was looking dicey, and dicey enough to where I wanted to add some short exposure just as an insurance against the rest of my portfolio which is doing fabulously well. Obviously, though that “dicey market” got bought up and continues to rally into the close of the week. Nonetheless, I will hold this one sole short position over the weekend, because at the very least, the market has to cool off some. If we can get a sell-off, even better. 

With all that said, and now that I’ve ended this rant of mine, I’d like to tell you that I put together a nice little podcast episode for you. It is available on iTunes and Soundcloud and a whole host of other platforms. Download it, stream it, I don’t care, but just listen to it, because it talks about the eventual perils of buying the dip blindly, and what you need to do to make sure that you protect yourself when buying the dip.