I am super fucking leveraged now at 152% due to outsized positions across the board. 10% weightings in almost all. But by the end of trade, I felt uneasy due to the fact I will be out tomorrow so I hedged like a motherfucker, taking down a 38% position in FAZ.
While this might seem EGREGIOUS to many of you, that is because it most certainly is. I have no basis for shorting banks in any large size, since the banks have done nothing wrong to me or my loved ones. But at the same time, I truly hate them and want them disappeared.
Truth is, nothing is risk if done in moderation. Whilst this size isn’t moderate at all (as a matter of fact it’s egregious), I am ok with holding it until the morning, whereby I’ll cast my die and accept what the market gives me on he opening tick.
I can’t say my closing position is a good one or bad. But what I do know is, whatever I have been doing is working, since my gains are now extended to +50% for the year and I haven’t had an appreciable drawdown in quite some time.
GOOD DAY.
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helen has canker sores
Few realize that most in this country work one month of every single year,
just to pay bank fees – hidden from plain sight. That’s no accident.
I expect them to go the way of the video rental store, much faster than they expect.
I also hope to capitalize on their demise.
Terrible system, their push now will be getting everybody to pull equity out of the overpriced homes. Then prices fall, you’re underwater, jobs are lost and wait I’ve seen this before. Every loan is a mortgage on your life, those minutes worked to pay interest add up
YANG is the pick
Even though the US is under soft attack from at least a few angles by China, partly from an installed head of state YANG floor likely soon.
+ currency or broader trigger
despite current bad leveraging
LONG KWEB!!
LONG ANYTHING OIL!!