I bought more spy, delving into leverage–following the mandates dictated by Exodus.
It’s a dark world out there, as Brent crude breaks the backs of our friends in the Saudi fields, in real time. Everything is crashing, but stocks.
LISTEN TO ME: THERE ARE 10,000 REASONS TO CRASH THIS FUCKER INTO THE ROCKS; but we’re rallying instead. A tradeable bottom is in.
I still have a a full position in TLT, which is 25% of my assets. My only other position is SPY, as I prefer to eliminate stock specific risk for the entirety of 2016.
This is my 4th SPY purchase. My basis is a touch over $196.
God speed.
If you enjoy the content at iBankCoin, please follow us on Twitter
In fairness, “All In” implies you’ve maxed your leverage too (extra Bawse).
For the ‘avg’ investor I might wait until they get vix under 18ish if such hogwash occurs
Unfortunately we all are average.
If there’s another OS signal tomorrow, would you go long another tranche the next day (with more margin)?
It’s 401k season but man………
More pain for oil and gas bulls unless material news overnight. Sold calls against TBT position. I want so badly to be wrong there, but the time may not be right yet.
“All EEN” (extra Russian accent) I followed.
would it not be the very definition of irony if the very machine you built turns against you on the 1st signal after the trading methodology change. The ghosts of the 4 financial horsemen still haunt these hallowed halls.
We Ride !!!!
>I bought more spy
So did I! When SPX was -9.
The Bounce is Coming!
The Bounce is Coming!
Ooops! I forgot.
GOD BLESS DAVID BOWIE
Dennis Gartman is SUCH A JERK. Love how analysts give forecasts the day after drops & runs already have happened. Now he is saying oil will go to $18.00 – he just said a week ago 33 was bottom.