May 29/15 – Day 172 of Knife Catchers Anonymous™

Sometimes it is difficult to judge when a trade is crowded. There is no Yogi Berra giving you the heads up. Often the moment a trade gets popular, I decide it can’t work because too many traders are in it. This is usually when it really takes off, leaving me behind counting my pennies as the late hooligans make dollars. I have accepted my inability to r…