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.

Brace for Impact

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We just experienced one of the biggest overnight sessions in market history thanks, as we all know, to Taco Tuesday. (Interestingly, this was a virtually day-for-day replica of what happened precisely a year ago, since likewise on April 7th the white flag went up, but that time for tariffs instead of war). Fortunes were made. Fortunes were lost. And, in some cases, fortunes were nicked (raises hand).

the brief dip on Sunday (arrow) was the last chunk of fear to be felt by the /ES
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Another. Two. Weeks.

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As a person who has nothing but short positions right now, allow me to start with my list of “Hey, it could be a LOT worse” bullet points by reviewing the five personal portfolios I manage:

  • Portfolio #1 is entirely cash and will not suffer one penny of harm
  • Portfolio #2 is entirely cash and will not suffer one penny of harm
  • Portfolio #3 is 85% committed to shorts but at least has two positions, DOW and XME, which are getting zapped after hours so will help lighten the blow
  • Portfolio #4 is incredibly light with only a 48% commitment level
  • Portfolio #5, the options, is even lighter with just at 39% commitment

Make no mistake, tomorrow morning is going to suck for me, but the level of suckitude – – especially considering I got out of my SQQQ long (at a profit!!) and Bitcoin shorts – – is a FRACTION of what might have been. Let’s just say, I’ve survived far worse!!

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