I shed 433 bps today, my largest drawdown in quite some time. The market stopped ebbing and just went all the way. After the close, NFLX missed — which will dislocate the FANG trade tomorrow. In Stocklabs, we are most oversold since the March 2020 lows. What this means isn’t clear yet. But what is clear is the market is different now — a new trading paradigm filled with black smoke and charred out brokerage accounts.
I stand before you down 4% in my trading for April, but flat in my Quant. The Quant is heavily positioned in financials, which have bucked the trend. My best guess is for mean reversion bounce tomorrow. If we do not bounce tomorrow, I will execute myself in the public square by way of jumping into a pool filled with sharks.
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You might give those sharks a belly ache. For the sake of the sharks, don’t do it.
No joke
chess.com/member/it-is-showtime
Suck My Exhaust
Zero followers? At least follow yourself. If you don’t believe in yourself, why should I?
Reaction to NFLX already pretty ugly AH. Momo and tech look ugly.