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Yesterday was one of those “finest hour” moments for me. I came into the day with plenty of dry powder and, in the face of this ridiculous “US has surrendered, but honest, we’ve really won” rally, I shorted like a sumbitch.
Of my twenty short positions, nineteen of them are down, some of them down hard (hey, AMD, how about you blow me?) I intend to get shorter now as well.
This is charting in action!
I’m only an hour into the trading day, and it’s been quite a party so far. I have ramped up from medium-aggressive to hot & heavy, taking advantage of this morning’s ceasefire strength.
Well, for anyone who lost sleep over my SPY $660 put options, it worked out great with a nearly overnight doubling. Below I’ve marked where I bought them with green arrows. I bought my first block (intending it to be the entire position), but after that lying sack o’ shit Bibi did his ridiculous “all is well” press conference and blasted markets higher, I threw caution to the win and DOUBLED the size of the position. The red arrows marked the places where I sold ’em off, fast as a sumbitch. HUZZAH!
They aren’t making this easy for us, are they? Looking at the past few trading days, we’ve got a triple-black diamond level of challenges in this chart, because in just a matter of days we had:
