I can’t think of a worse position to be in, other than August of 2011. Back then, I saw all of my gains vanish and go negative by 8%, before making a miraculous comeback. Today’s market action wreaks of market top. It has all of the hallmarks of being the beginning of sheer fuckery, pain thrusted upon those who dared to go long near the highs.
As I write this missive, I am now down 2% for the day, a 7 fold increase in losses since I spoke with you last. This is the nascent stages of my demise. My gluttonous greed has led my astray, away from my own advice, fully exposing me to the turbulent winds of the Fall.
The winter is coming and I am outside playing ball in a tanked top and speedos, like a fucking true bastard.