I’ve blogged enough today, plus I was busy combining both of my books into one hardcover — which should be ready for your libraries in about 5 days.
If you’re confused about the market and why you’re losing, do this.
If you had X amount of dollars to invest now, would you buy the stocks in your portfolio now? If the answer is no, sell them. If you own all high tech growth stocks, you’re only hope is for a miracle and this is a great way to lose money.
Invest in stocks TRENDING HIGHER not lower. Why knife catch SHOP when CHK is going higher daily?
HEDGE EVERY SINGLE CLOSE.
Do you see this?
— The_Real_Fly (@The_Real_Fly) May 24, 2022
The vast majority of the losses are in the early mornings, whereas the rallies in the afternoons. Why head into any trading day where the bias is down without a hedge to profit from that direction?
CLOSE OUT SAID HEDGES IN MORNING alongside most if not all of your stocks.
No need to over-trade. If you open higher by 1%, book it. Close them all out and wait for the afternoon to position again.
This is a toxic tape and only the very best can navigate it, so why pretend you can handle the tick tock?
I closed +54bps on the session, leveraged at 122% long old man stocks with downside hedges.