Don't Make Bets Now


Timothy Collins

 | Jul 01, 2014 | 12:18 PM EDT
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Macro or micro? Sometimes the market just doesn't care. I've seen several folks playing macro themes. Their predictions haven't been wrong but it hasn't translated to great market calls. Trading and market moves do not have to link to the macro data in the shorter-term nature of the markets.

I think one self-declared guru on Twitter (TWTR) has been finding that out the hard way over the past several weeks. And it becomes more dangerous as time passes and your macro themes continue to play out. It creates a false sense of confidence and entitlement. My macro themes are correct, but my market calls making money? In fact, why are my market calls getting hammered? No, I was right; therefore, I'm entitled to make money. And the slippery slope becomes steeper and more slippery....413 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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