Slope of Hope Blog Posts

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.

The Worst Good Feeling

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On this momentous morning, which could either be one of the most important inflection points in market history or another Taco-driven bore-fest, I’d like to discuss an important phenomenon that I’ve experienced more than once in my life. It is best described in steps:

  1. I uncover a spectacular opportunity by way of my charts
  2. I write about it and position myself in that investment
  3. I am expecting it to “behave” perfectly, but it moves against me to a small degree
  4. I become disillusioned and frustrated that it is not doing what it “should” do
  5. I dump it at a loss out of exasperation
  6. It moves against for me a little while longer, making me feel good I’ve made the right choice
  7. It then proceeds to make precisely the kind of magnificent move I predicted the entire time
(more…)