UNFOOLED

Harrowing losses for the plebeian class of investor today — hammered into the ground and forced to attempt to dig out from their folly amidst noxious fumes. I will tell you this — at the open of trade I too had losses of greater than 1.2%. But unlike you, I had a large position in SQQQ and I sold all of my longs and kept my SQQQ and then proceeded to rip out trades all day to close FLAT for the session.

You have to understand, I am not trading to lose. I will win at all times, especially on down days. I am very happy we have real time portfolio management inside Stocklabs so I can show people how to comport oneself in a market, such as this. Sadly, like in all facets of life, people think they know more — can do better. You can only drag a horse to water. It has to be thirsty to drink.

I closed my SQQQ short and have a long book into tomorrow — but with a 10% UVIX hedge. I figure the market won’t go down for a second day in a row. Such blasphemy cannot be tolerated. BUT in the event it does, it’s very likely we’ll knife the fuck lower — providing an outsized move in the VIX.

I am in tightly correlated stocks to the general market, in order to avoid divergence.

Off to go exercise my fucking knees.