I started off the day an absolute bozo — but with time and the market dropping — I sort of just blended into the background for an on par day off by 96bps. I had been down 200bps when all of you jerk offs were beating off to the gap up and that caused me to make 100 trades to get back 1% off the lows and now I am positioned with a blend of longs and shorts that should, more or less, produce little in the morning.
This is my stated goal — to lower the beta during periods of uncertainty whilst picking and choosing spots to get aggressive.
One fucked face might ask “Sir — why not just remain, inexorably, in cash?”
Because staying out of the market does nothing to help me feel the market and would disconnect me from the matrix. I need to be plugged in at all times and if I’m not — I’m not alive.
It was a bad day in the market – but the close was ok and not panicked. I do believe we follow through on the downside tomorrow, or at least I am hoping to preside over a market on flames and charred to its rotten bones.
NOTE: I rarely get what I want but instead I get the cards I am dealt and learn to like it.
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On a serious note: How in the world do you take like 20 trades in a day
wtf how are you alive
There are a lot of other things that will make you feel alive. Such flying a hull on a fast catamaran, climbing Capital Peak via the knife blade ridge, free diving past 25 meters, jumping out of a plane, and of course getting stung by a jellyfish.
Right, I’d piss on you
Good advice! Plugged in, w/o skin in the game, we are rudderless ships adrift.
Even a tiny amount will keep you learning.
As Pomp says, “Zero is the wrong amount.” (wrt crypto) There is absolutely no valid reason not to own at least $50’s worth. Stop being a no coiner (i.e. loser Neanderthal)