Slope of Hope Blog Posts

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The Ultimate Pair Trade

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I need a new set of balls.

I’m serious. It’s not from overuse. God knows that’s not the issue. It’s just that in about 95% of the cases where I’m upset with my trading, it’s because I violated my rules. Take today. Please!

Yes, I came into the day very short, but I was totally ham-handed with my gold trade. Specifically:

  1. I came into the day long January (I say again, JANUARY!!!!!!!) puts on GLD.
  2. They moved a LITTLE against me but violated nothing.
  3. Since I have defective balls (see above), I immediately dumped them for a small loss.
  4. The FOMC did its thing and gold went into a free-fall.
  5. I frantically bought DUST to try to make up for it. Gold began recovering.
  6. It moved against me. I dumped DUST at a nastier loss than the GLD puts.
  7. Gold then resumed a much more severe drop, sending DUST and my puts soaring.

Thus, I managed to multiple-dimensionally fuck up a gold trade. To be clear, this was a great day, but sweet baby Jesus, I am my own worst enemy.