Breaking Bad

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Fireworks everywhere, investors and traders alike going bananas and celebrating giant wins everywhere.
The times are good. The times are better than good.
This bull market has that has been going for 4 years now has become absolutely spectacular.
I did what Partridge would do – I have stay long all the way and was reminding you all the way up to now what market it is and I have stayed by my word. I have put a lot of my own money where my mouth is.
But the time has come to say ‘good bye’…
Today, on the 10th day of consecutive bull, on the day when people are jumping happily about US banking sector recovery AH I have decided to say – IT IS OVER.
The bull market is done, it has ended.
I am still extensively long in my investment port, simply because I always am, but my beta is low and I own quality.
My trading port on another hand is under “market neutral” blanket as of the end of the trading day today.
What does it mean? It means my long position is of the same size as my short position…. and my short position is about to get bigger as my cash is at 73%.
So I am breaking bad my dear traders – I am going full blown Walter White on you.
Why and where the fucking picks? Where the charts? Where is the proof of my bias?
FUCK that shit; I don’t need it, because
I AM THE ONE WHO KNOCKS!

Happy trading, boys and girls.

Mr.P

8 Responses to “Breaking Bad”

  1. Just read about “Breaking Bad” series, lol. I don’t have cable and so watch very little tv. My strategy is to trim positions a bit and re-load on any pullback. Rinse and repeat! You are VERY into the inverses and that’s not really my cup of tea. I’ll continue to look for good buys that drop on bad news.

  2. “I am still extensively long in my investment port, simply because I always am, but my beta is low and I own quality.”

    This reminds me of Warren Buffett’s style of investing. Buy quality and then put it under Rip Van Winkle’s butt…

    Congrat!

  3. tks mr. p,

  4. after wed, i will look to buy quality. i have some spy puts i will trade for discounted treasure. my cash is at 50+-%. it seems like any pebble in the road will do for a pull back. we are over bought and will over sell at some point. iran, korea is all i worry about at this point. (but not much)

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