Virtual Wipeout

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Well, yesterday was my day in the sun for XLE, and today is TNRevolution’s. Just to show what a devastating effect a YOLO-style bet can make, take a danger at my virtual equity chart:

equit

It looks like being a (fake) billionaire went to my head, and I went bat-shit crazy with XLE puts:

bigloss

Yep. About $400 millions blown off my virtual account! OUCH!

I haven’t given up on XLE, but I suspect these soon-to-expire puts are going to leave a brutal mark.

slopechart XLE