I stand before you a most victorious man. I haven’t traded for many hours, mostly because I don’t need to anymore. I am +3.2%, after executing innumerable trades which worked to my advantage. I have taken from the market what I felt like taking, knowing that I could, if I wanted to, take much more.
One mustn’t be too greedy, lest the stock Gods might frown upon you and strike you down with a margin call or two.
I only have one margin position now, which is SLGG. I do believe it can run, which is why I am long. But I also do believe that it has the potential to tank. Either way, my position size is small at 5%.
Month to date and year to date, I am +14.3% — and I have achieved these returns in the most genteel and fashionable way possible.If you enjoy the content at iBankCoin, please follow us on Twitter
Yes, very impressive to trade long like this in the face of your own underlying bearishness (and in light of what the people running the western world are doing.)
Long SOXS here.
I hedged into this and still made 2%. Long TSLQ into the close.