House Fly in Ruins — Gains Dissipating Throughout the Session

I was a stout man this morning — walking gayly and freely with a barreled chest of rage. I had gains of 4.6% and had plans to take them to 7.5%. Why not, I asked? I could do anything at all — since the Stock Gods favored me.

Then I started trading in and out, quick and fast without real discipline and soon watched myself allocate all of my cash into stocks that did nothing but trade down. They didn’t trade down fast — just a little — enough to accumulate losses over several hours and bring me down into the sewer dumps up just 1.5%.

To be honest, I am tempted to just clean the slate and begin anew. After all, down 300bps from the highs isn’t something I should just tolerate. Markets are clean and nothing is alarming me, so it has to be my positions.

In other news, ETH keeps breaking out, now above $1650. If you missed it and think it’s over — you’re wrong. Also, I like UNI (Uniswap) as a play on Defi, more or less a derivative play off the success of cryptos and ETH.