Dreadful tape. I vacillated between gains and losses today and then made sure I’d make gains by slowwwwwwing down my beta — slashing the portfolio positions down to few and methodically trading for scalps. I ended up 65bps on a day that was designed to ruin traders.
Everything faded. Barely anything pinned to the highs. My Quant was +115bps, mainly due to strength in banks. There is a profound weakness that lingers in the stale air. The only reliable industries seem to be commodity related and banks. Tech, more or less, is dead.
I now begin my new trading session — heading in and out of shitcoins for fun and profit.
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