I shed 1.63% today, white knuckling 25% inverse ETF swing trades in an attempt to smooth over the losses. At my lows, I was down 2.3% and then we ripped 10 green candles in the close and now sit here and wait for $AMZN and $AAPL to report quarterly results.
I did not hedge into the close because high beta stocks were routed for 5% and if the earnings are good tonight, we’ll go right the fuck up tomorrow. If trying to ascertain my true feelings on the tape, you’ll have a hard time nailing me down because I change with the winds of the market. I have convictions and like things under normal circumstances but I don’t view anything about this timeline to be normal and because of that I am almost always on guard for risk.
A younger Fly would be in a car racing for the sun, with dynamite in tow. But as I get older and realize the true nature of things, I carefully curate my positions and try to make sure my ego doesn’t meld into financial advice, the things I’ve learned along the way.
My hunch is for a bounce. Let’s see.
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