Pro tip: don’t chase those fucking bastards heading lower. The temptation is palpable and the allure of fast money great. Back in 2014, I was long the FOUR HORSEMEN OF DEATH and barely escaped its clenches. I was succumbed by great and avarice and ended up knifing lower by 30%, hammering my clients into dust. It is a real thing, a very real thing indeed, to behold and bemuse oneself with the specter of rapidly dropping stocks. But do not permit its horrors lure you into its fold.
Simply stated: chase performance. Today my Bubble Basket underwent a cataclysmic decline of 6%. It is now lower by 16% for March, 8 days in. My long term portfolio and Quant were busted hard for 5%, all the while I performed a master stroke in my trading, +170bps, closing at session highs because I did not chase rapidly decreasing in value shares, but instead went into retail and other storms that were gathering throughout the day.
Mostly, I was in cash and closed the session with 65% of my portfolio in cash, a cowardly affair. But it’s important to fear the bear when its nose is poking around, otherwise you too might end up on the receiving end of gnashing or two.If you enjoy the content at iBankCoin, please follow us on Twitter