I'm holding 1000 tvix again.. cash position from locking in gains at 66%. I'm considering making a giant bear position, limiting loss with a protective stop. I bought into fuel cell hype for a second costing me a cool G. That is a valuable lesson to be digested. I am still hopeful of 3D, nanotech(bio tech), and robotics. But the lessons I paid for in 2001 and 2008-2009 really hurt my "buy and hold" fortitude. I'm hoping to get back in on an appreciable correction to let some steam off the cooker for now at least.
I'm considering writing a real article. The reason I write this blog is to put my thoughts (predictions) on record to prevent hindsight blinders and evaluate my process and results (money made) before I push my view out into the virtual world versus making it available in this passive medium.
"Don't fight the Fed" ; "Pigs get slaughtered" ; "Be fearful when others are greedy" ; "Don't try to time the market" ; "Don't lose money" : I believe all these tenets to be true individually but when I consider these five together, the first four seem to cancel out leaving me in a "Don't lose money" frame of mind.
My stop-loss strategy has not cost me any more money, meaning nothing I've sold this quarter has subsequently taken off leaving me behind. I seem to be preserving profits and filling my powder keg to capitalize on the correction we all know is coming. If that corrective drop does not materialize I can get back in on the dip using my stop loss exit minus trading costs as a benchmark to avoid chasing any waves.
Well, Allie wants to go outside and play/plant flowers and vegetables.
Recap: After 50% appreciation in 2013 I started really paying attention to my total net value of investments. Looking back I mainly looked at investments individually which maybe contributed to a lot of zero-sum no net gain situations. So with this in mind I am trying to preserve my balance to profit again.
Disclosure: I am long TVIX.