Slope of Hope Blog Posts

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.

CRASH

By -

This has been a day like no other. I am taking a minute just to say a few things, then I'm going to disappear until probably an hour or two after the close.

+ I have no long positions at all. Those that I did take, I lost money on all of them, with the exception of GLD, which has been great to me today.

+ I have about 100 short positions. I watched the profit on these zoom to ungodly heights…….right when RealTick was basically so slammed it wasn't even usable. I watched 60% of those paper profits disappear in front of my eyes as the market ripped higher.

+ At this very moment, with the ES down 44, I have entered new SPY shorts with a relatively tight stop.

My computer was so bad off, I had no news, and I honestly thought a nuclear bomb had gone off somewhere. I need to go now. I will do a post well after the close. I hope you guys are OK.