I was up in the morning but overtraded the afternoon and ended up having a red day.... grrr. Thought we'd get an eod drop and lost this week's profits. Disappointing.
One more day to go; the excitement is building as people want to see how the Grinch is doing after being supposedly 'on target' throughout : UVXY 23.52 --> 16.95, TZA 31.08 --> 38.79 SQQQ 34.55 --> 41.32, SCO 16.30 --> 9.83, KOLD 52.75 --> 31.99 To put this in perspective, if someone put $20K into these 5 etfs ( $4K each ), that $20K is now worth $16,974 or a loss of 15% in a little less then two months. In case you missed it, I gave you this hint on January 10th as to how this would likely all end :
Final numbers are in on the DOUBLE GUARANTEE : UVXY 23.52 --> 15.22 ( - 35% ) TZA 31.08 --> 37.38 ( + 12% ) SQQQ 34.55 --> 37.38 ( +8% ) SCO 16.30 --> 9.70 ( -40% ) KOLD 52.75 --> 28.99 ( -45% ) So no doubles ( 12% <<< 100% ), majority of the etfs well underwater; average performance is a drop of 20%.
True, re charity. I still think a big drop is coming soon, and we Did see a drop in January as I expected. Next volatility moves will be interesting. Good trading!
Ken: You know I like you personally so this isn't an attack on you but if you work on your blind spots and biases you would see the market as it is and not how you want it to be -- and your trading would go through the roof.
I don't see any aspect of this you being "RIGHT". Your 5 etfs as a group lost money ( still losing money ), you tried to short a super strong energy bull, and you expected a massive drop in everything in an tight time window. You may claim you called a correction but in reality you rolled out a crash call every month for 22 months running.