Bottomline: Yes, I made good money today on my long term holdings.
Virtually all my short term moves were wrong however:
bot FAZ went down
bot QID went down
bot SDS went down
bot ROIAK went down
bot INSM went down
bot CHIO - stayed flat
sold TWGP went way up
sold APWR went up
sold a little CSGH - kept going up
Yes, that's impressively bad.
I lost even more in the inverse ETFs for my Mom. However, again, end of day, her portfolio was up over $23,000. So you have to look at things in context.
Still if you can make good money and literally do nothing right that day, that's saying something.
The reason I did not lose mega-bucks is because the heart of my strategy is deep value investing. This stupidity with the inverse ETFs is a lesson I keep having to learn over and over again. It's embarrassing to admit. I know I lose with those things 90% of the time. I need to go to Inverse ETF Anonymous.
But all in all, at the end of the day, it was a good day, so I'm not going to beat myself up any longer on losing a few hundred bucks hedging any otherwise awesome portfolio of China value goodness.
I still have the SDS, never got stopped out... I guess I'll take some more beatings tomorrow.
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