Over the past few weeks I’ve accumulated a bunch of stocks that, at the time, looked great. But today, not so much. I took losses on almost all of these stocks — some very small, some decent sized. I could’ve held them, stubbornly, or averaged down in them to rescue a losing trade — but I opted to sell them — because if I’m not willing to own them now as a new position — then I shouldn’t own them at all.
sold $HCLP, $SLCA, $CPE, $BE, $SPOT, $TUSK, $IPHI
This raises my cash position to about 35% in my trading account. Being that the market is consolidating and going through some indecision now, I’ll probably hold that cash for another day or two before figuring out how to strike next.
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I see garden variety jitters over earnings and GDP numbers.
Currently holding SOXL, GUSH, TQQQ, UPRO, and a small OSTK for the short squeeze potential.
Also a 2.5% position in Dec 2021 SPY puts.
Fly, 35% doesn’t really seem like cleaned out… are you long TSLA or something?
Cleaned out my losers
As much as I disagree with some of your picks, I have nothing but praise for your position- and cash-management discipline.
Does the Le Fly own the proper churchwarden pipe for his southern affairs?
https://www.amazon.com/gp/product/B075DGYW5Z/ref=ppx_yo_dt_b_asin_title_o00_s00?ie=UTF8&psc=1
I own about 10 pipes
Crack pipes no doubt