24/7 markets ruined my marriage
Threadguy explains how a 1989 trader warning about 24/7 markets predicts exactly the world we trade in now
"I'm reading these really old Market Wizards interviews, and Michael Marcus turned $20,000 into $80,000,000 in the 70s at Commodities Corporation, which is like $360,000,000 today. Their whole bit was trend surfing, they'd slam all time high breakouts across every asset class and just hold and print."
"What strikes me is they weren't nearly as active as we are. They talk about trading eras by the trade, the gold decade, the Black Monday decade, the dot com decade. They measured it in decades. We talk about these things in hours sometimes."
"And the craziest part, this was written 37 years ago, Michael Marcus says he had to stop trading currencies because they were the only 24/7 asset, it destroyed his marriage, he was waking up every two hours checking charts, and nobody should ever trade a 24/7 market. Now here we are buying Marvell at midnight EST after Jensen's in South Korea talking about it should be at $1T, and 9 figures move on Hyperliquid."