I closed out my UVXY, TZA and LABD positions and kept two longs, MDB, DASH — because they’re up. I know the market could crash even lower, but I also know certainty is more valuable to me than maybe. We might crash even lower than the -580 right now, or we can lift from here. Hell, we might even bottom.
I’m just not that faithful to any of my positions and I’d prefer to hold two longs that are performing well in a horrible tape than a short that is up so much I risk giving up gains in the name of greed.
For now, 90% cash, up 80bps for the session.
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