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(more…)Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
The Sad Tale of M.L.O.T.T.
In trading, few things hurt worse than money left on the table. (In the unlikely event any of you are unacquainted with this term, it refers to profits forsaken because you were too impatient, scared, or what-have-you and missed out on extra money).
It’s virtually a truism in trading that you’ll score 8% on a given trade and it goes on to throw off 90% in gains. It happens all the time, but it happens CONSTANTLY in highly opportunistic and volatile markets like this one.
I am no stranger to this situation, particularly since my own emotional and psychological makeup doesn’t lend itself to – – how shall we put this? – – stalwart, steadfast, fearless determination. I prefer to slip on a pink taffeta dress, maybe some matching pantyhose, and scurry around closing anything that has a profit.
I’m exaggerating a bit (except for the clothes part), but just in recent weeks, the spreadsheet below shows the positions I have CLOSED, with the “entry price” reflecting whatever price I got when I closed them. Shield your eyes, Frank.
(more…)Brazilian Bounce
The Brazilian fund has soared 15% in a matter of days, I can only assume because of the strength in oil (and, therefore, PBR). I have acquired a very large quantity of March (very short-dated for me) $32 puts.
The Old Man’s Still Got It
It’s a Start
Yesterday I noticed how the emerging markets fund (EEM) was in a reliable channel for the past year and it seemed plausible that we’d start heading south. Although one shouldn’t draw conclusions based on just an hour of trading, at least we’re off to a decent start. Personally, I’ve got March $52 puts on this:
