It wasn’t supposed to end so abruptly. But then again, we were never supposed to live past March.
Markets tucked tail and got fucking RAPED late in the day after news that California was shutting the fuck down again due to COVID-19. I had a mixed day, with some losses taken towards the end of the session. I also had several stocks way up in the morning dissipate and give it all up later on during the afternoon session.
I closed out Monday 45% long, 10% short, 45% cash. I will likely liquidate my inverse ETFs during tomorrow morning dump out. I also have several COVID-19 related stocks that might buck the trend. Reality is never pleasant when your opinion is discarded and abused. Just because I wanted higher stock prices doesn’t mean I’d get it. My job now is to pay attention to the detail and adjust when needed. If we are rolling over, my job, your job, is to catch that wave. Being stubborn with position will only lead to misery and loss.If you enjoy the content at iBankCoin, please follow us on Twitter