The purpose of a hedge is to limit downside, not so much make net gains. The problem with hedges, especially if you’re in stocks that have a negative correlation to the market is you might lose in the hedge and the stocks — because your portfolio is nothing more than a subhuman piece of shit small cap train wreck.
I bought TZA, nonetheless, in spite of the fact that my discretionary holdings are of a wanton perfidious varietal.
God willing, the government will shut down and never open again. We’ll toss it onto the blockchain and live happily ever after.
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I bought some puts yesterday that expire next Friday. And I just sold CNET WATT RIOT PPDF and some UDOW. For me, the weekend has started. To the tavern!
I’ll just sit tight and BTFD.
Fly says…
……“my discretionary holdings are of a wanton perfidious varietal.”
Let me think,….a wanton perfidious varietal.
Oh i like that…
Sounds a little gay;
but if it works…. o(^_^)o
I’d argue gay is this but what do I know:
o(^_^)o
These games of Chicken are getting old.
This may be the one where they both stay on the sidewalk.
Got hedges?
I haven’t been to this blog in a long long while. Questions for people (1) is Fly back to actually investing money? (2) has he stopped posting idiotic political commentary?
Investing is Exodus. If you want to specualte on cypto plays and samll-caps, this is the plAce.
Politically, Fly has realized the error of his ways: Trump is not a 3D Chess player looking to drain the swamp, but is just a moron looking to make a buck. Therefore, the political spiel has been much toned down (but still pops up occasionally, especially in the mosh pit).
TZgAy