I came back from vacation and I hit the ground fucking running. My timely short on RY gave me a nice start, but my godly NFLX short is currently up over 5% in pre market open. I might be getting a little ahead of myself here so I will be locking in profits at open.
While, I do believe the market moves lower, I don’t want to be a pig. The market moving lower after I made my cut means absolutely nothing to me. I only care about making a little money then moving on to bigger and better things. I’m like the fucking mafia and I could care less if my timing is a little off. Give me my cut and I’m more then happy.
The question now becomes how much profit do I take? In a normal market, I would hate taking profits in a winning position(I like to let my winners run). However, this is far from a normal market and risk control is my number one priority. Keeping with my priorities I would like to cover at minimum half my position. This is by no means a final decision, but it’s close to it.
Updates to come.
UPDATE1: Covered 100% of my NFLX short. Chances are large that NFLX moves lower, but I will let others take that trade.
