Value investors beat the fuck out today, as the GME-AMC cabal spreads its roots to virtually all high beta, heavily short stocks. See BBBY and EH as examples.
I should be up 300bps today, but instead decided to FUCK MYSELF via a 4x sized position in something I had gains in earlier, only to watch it slip lower. Picks are for SL members only, so sorry. We will launch it soon.
I should extricate myself from this trade — because it’s toxic to the mind. Instead of hunting for ideas — psychologically I am banking on it to reverse. It will not and I am almost certain it will lead to even further losses. When something is down when it shouldn’t be down — it lost momentum and should be discarded. As a rule of thumb, I regularly closeout stocks down 2% or more intra-day in order to make room for new ideas. I run and operate a stock trading mill, from which I produce extravagant returns.
I will have more on this later. For now, I am +45bps.
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