Traderman justifies his long position

Traderman has continued to write his Diary, but I have been refraining from reproducing it here. I did feel a little bad about publishing what is clearly his private views. But time and again he writes things that make it impossible to resist the temptation of copying it. This is what he wrote on the 14th of Feb.

"Dear Diary: I have to be careful. I have a feeling that somebody has been reading this in my absence. Today is Valentine Day, as you know, and I sent -you know who- a box of chocolates and some nice flowers. No don't worry. I did not spend too much money. I had a box of chocolates at home that my friend had given me. I just gift wrapped it again. Now that I think about it, I might have eaten a couple of the chocolates but I cannot be sure of that. In any case, I am digressing. I called her later.... and can you guess it Diary? We have a date!!! She completely refused to meet me at first. But I am nothing if not persistence personified. She said that she was busy this whole week and the next and so on. I calmly and patiently persisted until she ran out of excuses and agreed that she could not be too sure that she was busy one year from now. So we have a date now in 2013. I don't know why she asked me to reconfirm it in 2013 though. I am sure she will not ditch me. Poor girl, she works too hard. I have half a mind to tell her boss to stop treating her like a slave! Not to worry (you know who) I am willing to wait until your busy work schedule clears up. The thought of the date will pull me through this year.

"Dear Diary, To come back to my work. I am long again since my trading system demands it be so. I have tried explaining this to people that just because I am long I do not have any good reasons to justify my long positions other than the fact that my system demands it. But that is not good enough justification for many. They want a story, a set of reasons which can rationally explain a position. A set of reasons that they can buy into without too much thought. For long, I have pondered over how to satisfy people with valid reasons when I don't have any. But trust a genius like me to not be bogged down for too long by any problem. I hit upon the solution today. When another poor sod(who is short) asked me today how I can be long when there are so many problems, I said to him that this is the best time to be long since the majority must be short or underweight because of the very problems that you told me! Tomorrow if my system makes me go short on the Nifty, then I can use the list of problems that the poor sod told me to justify my short! If this is not pure genius Dear Diary then what else is? Tell me?"

"I tell you Dear Diary life is unfair. So much ability in one person. Genius, great trader, terrific personality and to top it intelligence of the highest level. I sometimes pity others who have to make do with little or no gifts at all. But we all have to make do with the cards one has been dealt with. I console myself with the fact that 'With great power comes great responsibility'. Due to my many gifts, I have to work harder to do justice to all of them"

Traderman wrote many things yesterday. But the thing that really mattered to me was his insight about dealing with justification for an essentially system driven position. That was good. In any case, I continue with my long position and will cut my long and go short if Nifty futures trades below 5350.