The Good Book

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I grew up going to the Broadmoor United Methodist Church. I did the whole thing – – Sunday school (religiously!), Summer Bible Camp, church choir, acolyte, and so forth. Since apparently the nation is into Bible reading at the moment, I’d like to offer some selections this evening:

Psalm 37:1–2
“Fret not thyself because of evildoers, neither be thou envious against the workers of iniquity.
For they shall soon be cut down like the grass, and wither as the green herb.”

Psalm 37:7
“Rest in the LORD, and wait patiently for him: fret not thyself because of him who prospereth in his way, because of the man who bringeth wicked devices to pass.”

Psalm 73:16–17
“When I thought to know this, it was too painful for me;
Until I went into the sanctuary of God; then understood their end.”

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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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