Saturday, April 4, 2026 
The Game
Back at the office, following some thought-provoking remote viewing sessions with financial powers around the world, I continue to ponder just how high this market will rally. The S&P is up 11% since July 10th. Remarkable as this may be, it could of course trade far higher.
In the trading world, there is a very fine line between work and play, especially since the market is essentially a game—a game of strategy and intrigue, risk and reward—always ending in triumphant wins and devastating losses. The best players know that the jackpot is built upon the big trades—the outliers.
While most games include specific instructions and a clear format for play, the best the market player can do is study the speculative paper that has the potential for the largest risk adjusted return. Though the market of late has given traders numerous reasons to stretch their security, the tide is going to turn. Traders will have to unload risk, and in doing so, trigger volatility. And when volatility spikes, big gains materialize.
Though often the rules are vague and the players, fickle, we are compelled to keep playing…because the mystery is never truly solved.
“I don’t know if it’s a game. I want to play it just the same.”
Comment by Tukoti — July 26, 2009 @ 7:36 pm
RSS feed for comments on this post.
TrackBack URL
https://www.volatilitynews.com/2009/07/the-game/trackback/
Leave a comment