Just a couple of quick tidbits to share. First of all, although I think the bear market has scads of downside left, I’ve eased off in a few positions – – mostly energy, which continues to suck for the bears – – and am up to 25% cash. A nice hearty “buy the dip” bounce would be great, but it may or may not happen. I went from 34 to 28 positions and am probably done for the day. The point is that I was “pedal to the metal” at the open this morning but shaved off six positions completely and trimmed a few back to smaller size.
Second, none of you should really care, but just FYI, in virtual trading, it doesn’t deal with corporate actions. In particular, I had a huge TSLA put position, but since they split 3 for 1, I’m doomed to lose $89 billion on it, no matter WHAT the company does. My poor account! Oh, well. It’s only (fake) money.
