Read the previous post for market outlook.
PROOF that all the trades made were good trades, even though the stocks continued to move against me the entire time! Thanks, rolling strategies!
TKMR summed profit = $300
GPRO summed profit = $160
SPY loss = -$200
SCTY summed profit = $54
VIX profit = $150
Total = +$464
So even though the markets were in total free fall last week, I still managed to eek out some gains! The profits would have been much better if the market didn't tank last week, but that move only proves that they were good trades.... well, maybe not SPY. As it turns out, that's a name I haven't been very good at trading.
While I'm pissed that I didn't get the chance to pile in for the bear mauling because I was managing all these trades going against me, I'm very pleased with the result of all that feverish adjustment.
So for now, until the market catches a god damned bid, I will remain all cash. Being up almost 80% this year, I don't need to trade in a free falling market. Better to hang on to those gains, right?
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