I Was Wrong About a Rally

Typical narcissism at play in my trading this morning. Since I was hot and +30% over the past two weeks, I literally thought every move I’d make would be gold — even if it was counter-trend. At the open I sold my winners, all in oils and ag and volatility and went long SHIT: semis, bios, SAAS.

The result?

Instead of making another 2% on my holdings, with just 15% long in those fucking placed I have back almost HALF my daily gains. I have since acquiesced and admitted being stupid, sold them, and hence replaced them with some materials — still 85% cash.

Knowing myself, it’s probably best I do not trade for the rest of the session. I am liable to whip-saw myself and endure pink levels at 10000,0000% and above, causing me to lose money in a session where I should’ve minted.

My best play here is to position in what’s working at the end of session and then just fuck off and hope for the best. It’s awfully discouraging to see a good streak end in such a fashion, selling what you love and buying what you hate just for the sake of trying to be right and a little too coy.

Fuck off Fly!