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.

Breaking Down the Composite

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Today affirmed for me once again the wisdom (for me, at least) of having a zillion little equity positions instead of one or two huge ones. To explain: before the opening bell, the ES was down good and hard, and I figured (with my 128 short positions) it would be a good day. It started off that way, but then, for absolutely no reason whatsoever, the market strengthened at once, and my beautiful profit had eroded into a small loss as the ES turned a disgusting shade of green.

Then, just as easily, the market started eroding, and by the end of the day, I had a big honkin’ profit (and had padded my portfolio with even more positions, ending with 135). I am highly confident that I would have freaked out early on if I had just one huge SPY short position, and I would have probably exited at the worst possible moment. As it was, I covered virtually nothing, and the day ended up great. So………take that, morning bulls.