Automated Catastrophe!

Earnings season can be a wonder or an absolute train-wreck. My trading account is 100% directed quantitatively — mixed with leveraged positions and hedges. For the week I have been de-balled in ENPH and CALM — with only a small favor done in DDOG. In all, I am being fleeced in a very automated way and I am not sure that I like it.

It wasn’t supposed to be like this. EVEN WITH ENPH IN HELL, I had been up 50bps today, more or less enjoying life. And then the last few hours rained down fury upon me — with the utter and sheer calamity unfolding in BTC, with the coin dropping THOUSANDS — and then worse, much much worse, was my sole hedge SOXS dropping with the market.

I shed another 1.36% today, now down 6.47% for April — still +31.25% for the year. To say that I am over is an understatement. The way I’ve let these losses creep up on me and control my thinking is disgusting. I was supposed to make money during April, and every other month of the year — but instead I get this.

I didn’t trade to lose and I certainly do not like losing via the quant. Part of me wants to punch the quant into its robot face and self direct. The issue I have with that — I am very bearish. But maybe that’s a good thing. Perhaps it’s time to take the fucking training wheels off and ride again.

As May approaches I will make a determination.