I started off the day selling my losers from the day before, letting my winners move. By mid-morning, I took extreme profits and felt really good. Then I got greedy and tried to dip back into the well and ended up stopping out of several of the stocks I thought would move.
TRTX – wash
Net net, a big day for me and I still have some stocks up on my books. It could’ve been better, but that’s how it works. Going back to the well is never a good thing. Towards the end of the day I went long some infrastructure plays and auto-parts. I also own mortgage plays, because CMBS is being purchased by the Fed now with infinite cash hacks. Closing out the day, 45% cash with a bias towards going higher. It seems unbelievable, but you’re gonna hear people talking about ‘normalization’ of prices, which means high prices for just about anything. I might fade the opening rip tomorrow, so stay tuned.If you enjoy the content at iBankCoin, please follow us on Twitter