Giving Away Panic

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In celebration of some fantastic trades lately………….I haven’t done this in years, but I’ve decided to give away a free, signed copy of my Panic Prosperity and Progress book to anyone who buys an annual subscription at any level. Click here to see the page for annual subscriptions (which gets you 12 months of any level for the price of 10). And, hey, a signed book!

If you do this, drop me an email and tell me what you’d like me to write in the book, and where to ship it. Offer good while supplies last! (I don’t have many of these books, honest…………) Oh, and hey, Lamar, you signed up today, so toss me an email too!

While I have your attention, this has been a VERY busy trading morning for me. Here are the details of my portfolios:

PERSONAL portfolio

  • Long IWM (equity)
  • Long LABU (equity)
  • Mostly cash

BIG portfolio (the one I publish for premium members)

  • Short 26 individual equities by way of long puts
  • Long SPY and QQQ by way of August calls as a hedge
  • A little over 20% cash

Suffice it to say I’m overall short still but have hedged to a degree. I am positioned for a bounce, since I don’t want to go through the agony I did post-May 20th. I want to remain long-term bearish but take some of the sting away, just in case.