I am tightening my stops and will be selling my positions if they so much as look at me sideways. I have no loyalty to these filthy scum. I sold SFIX for a 7.7% loss — par for the course.
The past three weeks have been one gigantic circle jerk. I had that monster IQ triple sized position win and a sundry of small losses to offset it. More or less, I am trending sideways, which is fine — but I want MOAR.
The Russell is sharply lower today, bucking the overall trend.
Overall, we must remember, the trend is strong.
I have no desire to act unilaterally. Since my current positions aren’t working today, indicative of a cold hand, the proceeds will go to cash. I do not want to hedge — because there’s a strong chance the small caps surge tomorrow, when people least expect it. As long as I watch my positions and remain disciplined, I should be okay.
The only thing I have going on for me now is SRAX — which is both sad and skeletal at once.
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Good move today. Retail will tank – god willing. Money may start to go to stuff and to P/B v growth.
What an ugly ass fade.