I’ll come right out and say it. I have gravely mishandled my trading in 2022, in spite of some awesome charting, and the solution to that fumbling is as simple as can be. It all comes down to this chart:
2022’s Big Lesson
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.
Updated Pairs
Let’s take a fresh look at three pairs charts. The first one is the NASDAQ 100 divided by the S&P 500. The message here is plain as day: that, yes, tech lead the way for many, many years, but it’s done now. It peaked one year ago (precisely the time that stuff like TSLA was peaking) and it has been breaking down ever since. Reality finally caught up with those insane valuations.
Diamond Choker
There were times, earlier this year, that I would scold myself for being so timid with my options purchases. What was I doing, I would ask myself, buying options that had so much time on them, when other folks were getting options that were (in percentage terms) performing way better than mine, since they had taken a more aggressive stance with respect to price and time?
Well, I’m having no such self-flagellation lately, since just about the only good thing I can say about my positions is that they had a crap-load of time on them, which makes a horrible day like today, and a horrible period like that past five WEEKS, bearable. I have lightened up somewhat (15% cash now) but, generally speaking, am still poised for weakness, which should happen sometime before we have colonized Mars.
(more…)My Twitter Thoughts
This post has been a long time coming, because it intersects with a lot of portions of my life. I’m an active Twitter user with about 24,000 followers. I’ve been on there 15 years and have sent 54,400 tweets in that time. My boy works for Elon, and I met Elon one-on-one back in 2000 when he had just founded x.com and had an office just a few blocks away from mine. And, of course, I’ve been watching Elon’s acquisition of Twitter with great interest.
Simply stated, I hope the guys succeeds wildly. I hope the MUCH smaller employee base is able to make Twitter into something far greater than it was, and I further hope Elon makes more billions years down the road when he takes it public again. I truly want to see the dénouement on this saga silence all the doubters.
Nikola’s End is Nigh…….
