Many of you were tricked and fooled into losses of the largess varietal today — but not I. I did maybe 3 or 4 trades today to better perfect an already perfect allocation and slammed the fucking gavel on the market +24bps for the session.
Year to date, both the NASDAQ and S&P are flat, but he Russell is down 3.5%. Because of the large rally in the Russell from November till end of 2023, many of you reading this are now TRAPPED in retarded stocks — names like $CVNA, $UPST, and $AFRM — because you thought it was funny.
How funny is it now?
I’m +2.6% for 2024 in slow but methodical positioning, erring on the side of caution — aware and alert to all of the traps and ambushes that lie ahead.
Into tomorrow, I have an ALL LONG book leveraged to 113% of equity only in stocks greater than $200 in price. This is a novelty trade for me and I rather like the idea of it.
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