Positioned Wrong

I was entreated to losses at the open, as high as 185bps around 9:40ish due to large small cap exposure to biotech and other unsavory areas of the market. The plan was to extract just “one more day” from Mother Market and then fuck off jolly as jelly. But that didn’t happen and I has visions of a nightmare session, me long piece of shit stocks I hated spiraling lower into the clutches of Krampus.

So then I lightened up.

I wanted to prevent tragedy and I ended up selling many stocks too soon — but we do not cry over spilt milk. I’m off by 130bps with a hedge in place hurting me too. On days like this, I often churn myself into oblivion and end up staring into the mirror blankly for stock advice that doesn’t exist.

The best course of action, at least for me, is to fuck off now and remain in 65% cash, hedged, so that I can reflect upon my errors and remember them.

Sure, I’d love to be making coin now, basking in the sun amidst pomp and circumstance; but I positioned wrong in the biotechs and the medicine men are charlatans who use vaccines to kill people – so it’s not surprising.

Perhaps late on I’ll receive inside Information and I can trade off it. Unless that happens, I’m afraid, at least for today, I’m doomed.