I cannot attribute this to luck. I shorted oil and made 13% in an up tape. I liquidated half my holdings this morning before the sell off. I am smartly positioned short semis and biotechs and long gold. What more can I say than ‘just another day at the office?”
That hard reversal is typical Friday bullshit. But come on, we’re so overbought now traders deserve to be killed for buying more up here. This is where you book profits and get small. Go ahead and short at will for an inflection move. If you’re wrong, cover those shorts early next week.
I have a family emergency that I will be traveling for on Monday. I expect to be hit or miss for most of next week. I will not be taking my laptop and will only pencil blogs via my phone. I may or may not discuss it. Typical pangs and cycles of life. Everything is fair until it happens to you.If you enjoy the content at iBankCoin, please follow us on Twitter