We have strong mean reversion action in battered parts of the market, focus on SAAS. I have no hedges but 35% cash left for further buys.
My losses crested at -205bps and now sit at around -130bps. I had pulled them under 100bps but we are selling off as I write this which makes me even more anxious.
The principle index inside Stocklabs is basically unchanged due to strength in oils, which I opened the day short. This really is a market filled with whip saws. Next thing you know you’re out the windshield onto the pavement. The enemy is of course hope and greed, a deadly combination.
My losses lessened to 1% again as I close this out.
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