I took out the trash and leveraged long into what I thought would be a melt up and nailed it — all thanks and praise to the Stocklabs oversold Algos — flagging on its 12 month OS (RARE), encouraging me to partake in wanton acts of depravity.
As presently situated, I am +200bps, up from down 100bps. I haven’t turned the ship around like this in quite some time. There is a boldness in me that wants to keep buying and buying until I can’t buy anymore. But the pragmatic side of me understands the market cannot be trusted and gains must be captured when they can. Today’s market is not tomorrow’s and that is a narrative that has held strong since February.
My advice is to milk what you can out of today and cash up before the close.
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You can milk anything with nipples