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.
The Biggest Fake-Out
I have roundly castigated myself for taking the bait with this morning’s enormous counter-trend rally. I denied myself profits and prematurely exited positions based on nothing except fear (or, if we’re being very kind, risk-aversion). In fairness to me, this morning’s rally was the BIGGEST by far since Tuesday’s peak, but all the same, the nearly 300% gain I see in those SPY options I dumped kind of stings.
From the Jaws of Defeat
I am very pleased to report that on a day in which pretty much nothing happened, I made a good profit. By “nothing”, I need only refer to the futures today in which we had this thrilling action:
- /ES down 0.04%
- /NQ up 0.12%
- /RTY down 06%
Be still my heart! So, what’s with all this World War III talk, eh?
(more…)Nvidi-duh
What an amazing week, and it’s not even over! What’s not at all amazing is NVDA, what used to be the hottest stock on the planet. These days, it’s about as exciting as a passbook savings account. What a boring piece of crap! Maybe we should just all sell options against this oil painting.
Get Off the Pot!
No, that’s not a quote from me banging on the door asking to use the bathroom. It’s simply my attitude toward the market, which seems to be struggling with its willingness to plunge itself into oblivion. Not that this has been a bad week. Far from it. Still, it would be nice to simply see this thing go full-blown Imodium A-D.
