Entire Year Nearly Blown Up

I’m on an airplane now to Boston and I’m long with a hedge and down 3.3%, on top of the 2.4% yesterday — making this one of my singular drawdowns in perhaps decades.

Into the Fed, I have a feeling markets will rally but cannot take my hedge off for fear of a rout. I shouldn’t be long anything now and ought to be in cash — but here I am.

Into the closing hours I’ll likely pare down my positions for a much smaller footprint, as I’ll need to hit a few singles before even thinking about homeruns. Today’s albatross was a combo of $AMD $EL $PYPL and $SOXL — all great long term investments just having a really bad session.

My YTD gains sit under 7% now.