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.

Nip and Tuck

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There are occasions – – and I wish they happened more – – in which everything seems to be doing my way, profits are pouring in, and (God forgive me) trading seems easy. It is at these times I have learned to TAKE SOME PROFITS, which is what I did earlier today. I trimmed risk in one big account from 220% to about 105%, taking profits off my zaniest shorts. To be sure, I still have tons of short positions, but when I’m feeling giddy like this, I know it’s time to de-risk to some degree.

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Qbert Annoyance

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I’m having a fantastic week so far, so I might as well piss and moan about something to even things out: early last week, I got stopped out of my QUBT short. I guess their “earnings” (they earn nothing) report wasn’t so awful, so it popped higher and I took a hit. Ever since then, it’s been falling every day, since people are realizing that pouring money into quantum computing companies with zero revenues and profits isn’t so sharp.

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Warshington, D.C.

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Again, this isn’t a swipe at your hero, so just settle down. Here’s what I think your god is thinking:

  1. Interest rates are too high;
  2. I need someone to obey me;
  3. Kevin Warsh will obey me;
  4. He will drop rates
  5. The economy will soar
  6. I will get all the credit
  7. Winning!

Put this in the Bible: this isn’t going to happen. Kevin Warsh is fucked sideways at this point, and he’s going to wish he’d never taken the job. Interest rates ARE going to go up no matter what he does, and the more he has to hold rates (or INCREASES them), the more his supposed boss is going to screech at him, say how disappointed he is, how stupid he is, and so forth.

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