I got chewed up most of the session with poorly timed DRIP and UVIX positions. I extricated myself from DRIP at a minor loss and doubled down in UVIX at the lows and ended up profitable in the position as the market swooned lower into the close. I ended down 0.5%. My approach to this collapse is to methodically add to TNA at 2.5% weighting increments and add to already down DK and BTU boon-doggles. Although I am bearish and in my heart want to preside over a truly horrifying crash, I do not think the ultimate collapse is here yet.
No need for a long tedious blog. Most people are bearish now, so we’ll probably bounce soon. I am looking for a gap lower in the morning followed by a rally.If you enjoy the content at iBankCoin, please follow us on Twitter