Tough Lesson Learned Today – Don’t bet against angry voters

Today the EU Brexit referendum was counted and against oddsmakers and pre-vote polls, the brexit won. My account was 180% long. I am going to really feel this in the morning and I may have to return the funds I borrowed with losses incurred.

The lesson here is, when a decision is close AND IT IS UNDER THE CONTROL OF THE PEOPLE (NOT POLITICIANS), IT COULD REALLY GO EITHER WAY. So the next time something like this hangs in the balance. Reduce your position to at least 50% long!

Lesson learned. Hopefully its not too bad of a result tomorrow morning.



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