This chart of DraftKings (DKNG) is amazing. It was a SPAC from 2019 which went up 600% and then lost every penny. It has truly come full circle……….
Fold
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.
Jacking Rates
The Crypto Catalyst
The past seven trading days have been absolutely historic. Never in our lifetimes, or the lifetimes of our parents, has anything like this happened before. It’s honestly incredible.
Yes, there are reasons the markets should rally, and perhaps do so immediately. But……….and this is a big but………..in my opinion (which has been pretty damned priceless lately), if for some reason Ethereum breaks $1,000 or Bitcoin breaks $20,000, I think you’re going to see a total washout across the asset spectrum.
Rearview Mirror
No one leads an optimized life. Did you go to the perfect school for you? Do you have the ideal friends? How about your spouse? Is there no one among eight billion people who could possibly be better? Yeah, that’s what I thought.
We don’t think about such things, except in the world of trading. Or at least I do. I keep track of my closed positions, just to see how things worked out afterward. Of the 157 most recently closed positions, want to know how many kept going up? 149 of them.
Below I show the biggest percentage gainers (if you care, the columns, from left to right, are underlying stock, days until expiration, underlying price, intrinsic value, strike price, expiration date, entry price, bid, ask, and then, the most important of all, the percentage change since I closed it). Why I do this to myself, I’ll never know, but……….let’s just agree we live in an opportunity-rich environment:
Spectacular Energy Victory
The entire world was in LOVE with energy up through June 8th. A mere two days later, I did a premium post which stated that, as strong as energy had been, the mere fact that Jim Cramer was a fan was enough for me to commit substantial capital resources to shorting it.
