RetireMeRob: Adjusting your sails and changing tack quickly.

Dear Investors,

When I was windsurfing one day at the age of 14 I had the privilege of being asked to crew for the most competitive racing yacht in the sailing club. I was small, strong and I could move fast. Perfect for yacht racing. I worked hard and learned fast and at the age of 16 we won a Gold medal in the national championships.

The first few months of training were hard. Rope burn, sore muscles, getting hit on the head by the boom. However after a while your senses became sharper, you move quicker and with more confidence. Almost sensing that it's time to change. You know the tides. You know the currents. You know where the lifts are and where you'll get headed. With knowledge, experience and the right mentors and coaches you get better.

Trading is similar in that you got to stay on your course but if the wind changes you have to act quickly or you're out of the game. The good news is that the institutions and hedge funds that make up the most capital in the market cannot move so quickly. If you are a racing yacht. They are an oil tanker. An oil tanker can take a mile to change course I know I've worked on a few of them.

As an independent trader you can change course in a heart beat. You can also out run any large hedge fund.

Because of the need for board approval and authorization it takes up to 2 weeks for most hedge funds to react to changing news. The news by the Fed yesterday is going to have huge implications for the end of year portfolios. Hedge funds may not be able to act quickly enough to capitalize on it but you can.