KING - So, how was your Brexit?

Mine was better than fine. And thanks for asking.

You can see it from the three tweets embedded below with my final trading results on three days: June 23rd, June 24th (the day after or Brexit's Black Friday), and June 27th (or Brexit's Black Monday). They are in YM, my favorite e-mini futures market.

I traded a bit more on the days that follow those three, but I did not tweet. I do not tweet as much as I used to. After doing it for a few years, it is not as much fun as it used to be during the very first weeks or months of doing so. But I still tweet my trading results a few times a month, and June was no exception to this rule.

KING, my trading weapon of choice, that can also be yours, does very well when volatility is, shall we say, "enhanced" as certainly was the case about the Brexit time. Check out this article for another example of that.

George IV, which now is a part of KING, did pretty well on those days too. It is a mechanical day trading system, and while it has been struggling quite a bit in ES, the S&P 500 e-mini futures market, this year, it has been doing pretty fine in YM, the Dow Jones e-mini futures market. It is in the positive territory in both markets as of June 30th.

I don't think, though, that the British vote to exit the EU was sound economically, and perhaps not so smart in other ways as well, but that's their problem, and they will have to live with the leave decision (pun intended) for years to come. Their decision to separate from the EU structures that they were only partially participating in (not in the Euro zone and not in the Schengen zone, for instance) should be respected, of course. And I wish the British people all the best, too, no matter how they voted on June 23rd, 2016.

Isolationism does not work. The world is getting global and more and more interconnected whether you like it or not. I has been getting global since we, as a species, left Africa quite a while ago. Nothing will stop that. While that does not have to mean large scale migrations, as long as prolonged wars are not a thing of the past, as long as significant economic inequalities exist, such movements will take place too. They are only natural, and it's silly to deny that. That's what the Brexit vote, I am afraid, was largely about: about denying the nature of human affairs.

The growing backlash against globalization, as the Brexit vote may be interpreted, seems rather misguided. After all, the most powerful country in the world, the United States of America, is the globalization biggest success story. It's hard, again, to deny that.

It's reassuring, though, that the young Brits voted decidedly in favor of staying in the EU. The young people are better attuned to the future than the old ones. I even believe that people who are too old (say, 82 or older) should not be allowed to vote just as those too young (usually younger than 18 in most countries) are not allowed to vote. That would only be fair.

Posted on June 30th, 2016.