Yesterday I got the idea in my head that it was over. I cleared out my positions and truly put my money where my mouth was and bought inverse ETFs. Knowing full well this was likely a stupid idea, I kept 80% cash to avoid the likelihood that I was about to fuck myself.
Lo and behold, as God is my witness, I fucked myself.
Full disclosure: I own SOXS, LABD, SQQQ, and FNGD — because owning SQQQ wasn’t good enough. I needed direct exposure to Apple, Facebook, Netflix and Google.
Markets are now ripping. But I got to be honest with you, I don’t see it. There is no strength in smaller names. All of the gains is concentrated amongst larger capped stocks. This, of course, might be another trap I am laying for myself, the root of a psychosis to make me believe danger is imminent — when it fact we are seeing merely more of the same BULLTARD movements to the upside.
At least my LABD is higher and my entire basis isn’t too poor. Net net, I am only down 10bps on this whole thing. See, there I go again — trying to convince myself this bad trade might turn around.
What I need to do is close these out and begin anew — pick overpriced pieces of shit for rapid fire trades to satiate an audience of craven money grubbing monsters.