Yesterday at around 3:34pm I thought it was a good idea to sell my longs in favor of an all in short position. I was instantly rewarded, which made me feel good and caused me to end the session without fear. Today those positions were sent into the pits of hell, led by FNGD and SOXS — causing me to believe, emphatically, that I’m either a complete and total moron or simply cursed.
I was forced to sell out of both SOXS and FNGD, since those were where the pain Lied strongest but I still own a plethora of inverse and I even had one long in BOIL, which was discarded as utter trash — probably the only asset down today.
In just one day, I’ve managed to ruined what was an otherwise lackluster and underperforming month. Now I’m no longer just underperforming but absolutely retarded, short into Thanksgiving. How many times do I need to yell at myself to finally get the point?
There’s no hiding here on these internets and I certainly do boast and brag about my achievements when I have them. The Fly is completely finished this time and to be honest — it was a good run. I’ve managed through all sorts of crisis and made money in every single one, including 2022. But the facts are laid bare: down during the month of Turkey and gravy because of greed to the downside. I suppose I thought the SPY deserved to be down more than 17% this year based upon all of our issues. Apparently, I was wrong and inflation has been stopped and a soft landing…enjoyed!If you enjoy the content at iBankCoin, please follow us on Twitter