I thought markets would drop this morning and I was wrong. We raced up, paused, and raced up again — led higher by commodity related stocks, sans natural gas. Even still, I am giving the market a final chance, a warning if I might so bold, to collapse before lunch.
I sold out from all of my longs and now only hold SOXS and SQQQ, a dastardly combo in the midst of a melt up. The feeling of stupidity is enrobed around my person. All other persons seem to be having fun and making money, but me. All I wanted, frankly, was a small collapse — nothing too big, just so that I could profit and then feeeeeeel really good about my decisions. Instead, I an chiefly underperforming and on the ass-end of the market.
It’s very possible that my streak, my hot hand, is over and I am now to be faded. By the looks of it, today might be one of those pivotal days. Let’s see how it plays out until noon.
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YOU DESERVE BETTER
“You’re a winner and always will be. Nothing will come between you and winning. It hasn’t yet and never will.”
– The Fly (while looking into a mirror)