I had purchased TVIX earlier today and just sold it for +7.7%. I sold it because it’s a fucking bastard ETF and it always ruins me. It felt good to finally win one in that.
Things I am avoiding.
Buying this dip in LK. Muddy Waters is short and they’re good enough for me to stay away.
Shorting too much into the hole. It’s ok to have hedges, but history has been unkind to short sellers.
Buying the dip with too much vigor.
You can buy into this decline, but don’t over do it. As a matter of fact, the best bet is probably nothing.
Lastly, I am trying with all of my might to avoid buying virus stocks. They’re running and people are sloshing gasoline on each other having a grande old time. I’m trying to avoid getting burned on a fast money trade without real relevance.If you enjoy the content at iBankCoin, please follow us on Twitter