This image represents my trading day so far:
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.
Anatomy of a Screwup
Tempered
As is so often the case with thrilling Sunday night action, by the time we wake up to see what Monday holds, the movement is wholly or partly gone. For example, crude oil last night was on an absolute tear, moving up to about $120:
Wagging the Dog
As with yesterday morning, I have been busy taking profits and reducing risk. Broadly speaking:
- Made exceptional profits overnight on EWY (South Korea) short;
- Trimmed DIA April puts yet again (70% fewer than I started Monday morning);
- Made solid profits on QQQ as well;
- Loosened RIVN stop to 14.45 and actually added to that long position
- Trimmed exposure across three portfolios from 100/80/150 down to 100/70/91 (the “100” is my fully-committed options portfolio).
I am extremely satisfied with today, and we’re only 100 minutes into it. I feel I’ve earned some time with my second-favorite activity.
My Four Position Types
It occurred to me that I’ve never really written about the four styles of bearish positions I take on in my various portfolios. I don’t have clever names for them, but off the top of my head, I’d give them the following descriptors:
- Long-term directional puts
- Very short-term large ETFs
- Overnight large ETFs
- Long-term individual shorts
I’ll characterize each of these.
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