I had a rough trading week, losing more than 2.3%. I made some bad trades and lost my train of thought mid-week, and that caused me to spiral a bit. But I ended on a bright note, effervescently +76bps in a market that crushed the spirits of momentum traders — closing at the lows down 45 NASDAQS.
The other 50% of my money, invested in my quant, was higher by 1.4% for the week. Its purpose is to remove emotion from my investments, balanced once per mo in a stratagem that I have concocted, using the data analytics in Exodus. Month to date, the quant is +7.7% and my trading is up 6.2%, providing me with an extreme ease and comfort, moving gracefully throughout the market without a worry in the world.
As for what I think will happen on Monday, I have a doubled sized position in TZA and 55% cash, so of course I am waiting for a hammer to drop. But I wouldn’t count on it to happen, especially since Trump is almost craven in his desires to boost equity prices. Do not bet against this man when it comes to the market.
I bid you farewell. Have an enjoyable weekend.If you enjoy the content at iBankCoin, please follow us on Twitter