Since this is the first weekend in a while I’ve felt absolutely terrific about the world of trading, I want to celebrate the call I made two Fridays ago, when I insanely suggested buying the triple-bearish-leveraged instrument SOXS. Truth to tell, one could have waited an entire week to get the exact same entry price, because the meat of the move was just on Tuesday and Friday, but all the same, it went up about 50% swiftly without ever having to take any heat during the holding period.
As I mentioned recently, I have hedged in three ways: (a) raised cash from 0% to 31% (b) bought BOIL, shown below (c) bought SOXL, the exact opposite of the aforementioned SOXS.
