Raising a Little Cash, Trying to Remember Trade Wars Are Fun and Easy to Win

I sold APPN for a 1.2% loss and NTNX for a 6.5% loss. I am feeling better seeing both NIO and QTT getting bludgeoned to death this morning. This is an important lesson for you all — respect those -10% stops. You should never let a loss exceed 10%, ever.

Bear in mind, I haven’t always been this stringent with losses. It’s something I’ve developed in recent years and feel that if I cannot control the amount of money that I lose in a stock, I shouldn’t be trading at all. Might as well do long term stuff only and dollar cost average. But since I like to trash, the swashbuckling adventure of it all, I respect my stops with biblical adherence.

With my 25% cash, I am tempted to hedge, but then I remembered trade wars are fun and easy to win. Seeing that gold and silver are leading, I doubt the market is in much trouble here. Sure, rates are elevated above 3.1% and the world is ending, but it really isn’t.

I’ll control my losses on the way down and keep a close eye on some great SAAS stocks that ran by me; but other than that, I very much doubt I’ll adopt a bearish position, especially since only losers short stocks.