Small Leaks; Boring Market

This market appears to be frustrating. However, if you look at it objectively, we are simply digesting recent gains. I am bleeding out a bit here, with most of my stocks lower. As a matter of fact, my CIEN position is outright sinking. Nonetheless, I am not going to panic out of the market on a slow Friday afternoon. As a matter of fact, I am tired of running.

This market reminds me of a horror movie when the victim is constantly on the run from the killer. He run and runs and runs, tripping over garbage pails and into dead ends. There comes a point when the man realizes he is wasting valuable energy, running from the killer and decides to make a stand and fight to the death. Granted, that analogy is completely absurd when putting it into the context of capital markets. But there is some value in sticking to convictions and riding out the troughs.

I’ve made my bed, long tech, into a European banking crisis. I have downside exposure, with no hedges other than my super sized TLT position. Although I believe the market can see lower prices before higher, I’m tired of trying to time every fucking tick. I’ve been trading like a lunatic on meth for about 6 months now.

It’s time to make a stand.