Bring on the pullback
My CAPs portfolio is in the toilet today, my real life portfolio is in the toilet today, and I think we're going quite a bit lower before we go up, and I'm adding tickers to my CAPs game the whole way down, so it'll probably go negative at some point. I'm shorting levered BEAR ETFs every day until I run out of ones to short or until the market turns north again, and as I've been saying for a while here in my blog, this could get ugly before it gets pretty again.
But.. I'm 40% cash in my real life portfolio and I've been waiting for a good chance to put it back to work, I've got a bit of a real life hedge which is the ONLY money I've made this week in stocks, and I am learning. I have a better idea of what to do if stocks go below a certain level, and I've picked the level, and I'm ready to act if we get there.
So I've got another bottle of rolaids and I'm ready for the party!