50K Portfolio, 1 Micro SI 40 (LIVE) = -$1,050
200K Portfolio, 2 Micro SI 40 (LIVE) = -$2,000
(Based on open positions that can change by the close)
50K Portfolio OLD (Hypothetical) = -$1,650.00
200K Portfolio OLD (Hypothetical) = -$7,100.00
We go over the results on the day as trading smaller in the Micros has mitigated losses in the larger portfolios but we are still down on the week with excess volatility from earnings. The dip buyers keep popping the market up preventing normal distrubution and two sided markets. Bad habits from QE are causing this volatility now that we are going through QT. Throughout the history of markets, catching falling knifes does not typically work. QE has made it work in equity and stock indexes for 13 years.
Once the dip buyers get crushed, we may have more normal markets with some two sided price action as well as bear markets that are easier to short. We recommend that you continue to trade small or not at all. Constant reversals and a lack of classic patterns are also an observations. There are about 100 days worth of price action each day.
We continue to research this type of price action while we scale down and "get small" in our trading. It is similar to buying a top of the line SUV. You still don't want to drive it into a tornado.
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