GOOD LUCK TRADING THIS SHIT

I was hoping, praying even, for a Black Monday but instead got DOWN 90bps thanks in large part to a volatility position gone sour. I’m happy to have done barely anything today because had I chased the open, I’d likely be down 200bps. We have nothing coherent taking place, with oil sharply lower, yields higher, The Dow +350 and the $IWM is flat.

This is the sort of tape that forces you to trade more than you need to. Look at me, down 90bps and taking it like a man. Sure I’m upset about it — but what can I do about it other than protect my assets and wait for a clearer picture?

I have a 16% position in $TZA and a 10% position in $FNGU and two other positions — the rest cash. I, like you, am watching the turmoil in the world — but really more interested in Halloween tomorrow, which is my favorite holiday.

We’ll probably go drive around later on tonight looking at the Hallow’s Eve decor — perhaps then head on over to the gym, steam room, and watch a scary movie that isn’t scary at all and more stupid than anything else.

I haven’t been scared of a movie since my mother brought me to see Nightmare on Elm Street in theaters when I was 7. There is nothing like experiencing the emotion of fear when you’re little and your imagination is at 1,000. You believe in magic, so anything is possible, including but not limited to Freddy Krueger killing you in your sleep.

For the remainder of the session, I will tread carefully and position for tomorrow. Since October is all but over, I might have to switch over to a bullish bias, since crashes heading into Thanksgiving are sacrilege and never happen.