Making hay while the sun shines
An old phrase, but one that is equally applicable to trading at this time of year. As we are now in peak trading season, it’s time to harvest!
All about the execution
At this time of year, you have many opportunities, so I will stretch every sinew to do as much as I can. Everything else has to take a back seat, I’ll be a little less active on the blogging, fewer education events, less time for chit chat or following through on stuff, it’s all about the execution.
My potential to do something interesting is much higher in the summer than the winter, so my mantra is work now and analyse later. You never know when that massive result will arrive, but around now is the most likely period and I really can’t afford to miss that opportunity. If you really are serious and do this properly there is no reason to be doing anything else at this time of year. Be wary of ‘experts’ that don’t have their nose pressed to the screen at this time of year banging in top results.
Opportunities
Wimbledon has just passed and currently, we have some racing, golf and cricket all coming to a head this weekend. Soon it will be Glorious Goodwood as well. So you can see that the time for rest in sports market is the winter, when, for me, sports are scarce and often cancelled. But being active right now means you can become an unsocial beast in the Summer. This is unfortunate, but my attitude is to do what I can, while I can and enjoy the rewards later. Also, I’ve learnt from past mistakes that you take
But being active right now means you can become an unsocial beast in the Summer. This is unfortunate, but my attitude is to do what I can, while I can and enjoy the rewards later. Also, I’ve learnt from past mistakes that you take an opportunity when it’s presented. Reap the reward while it’s there and at other points in the year or your life and can sit back a little or work on the next big thing knowing you did the best while you could while the opportunity was there.
Experiment, gather and sow for future harvests
If you are a newbie it’s a good time to experiment as well. With so many things going on, a bit of focus here and there could spring that Eureka moment you have been waiting for. Sometimes it may feel that you are going nowhere when you are just prodding at a market but each step you take moves you closer to your destination, even if you don’t know that that is just yet! A journey of 1000 miles, starts with one step.
Another advantage of all these opportunities is that you can pick and choose your targets. With some much sport around I will tend to focus my energy looking for the best opportunities at this time of year. Poor opportunities or markets where I have traditionally struggled can go take a hike! That’s a luxury you don’t get in the winter.
Seasonality
Of course, this post is all about seasonality and the message I am sending you is to put your full effort into the markets during the peak season in the markets you participate in. Plenty of time for R&R in the off-season. While it may require some social juggling, it’s usually worth it!
So that’s why I suggest you make hay while the sun shines.
Category: Trading strategies
