Right at the close the DIRECTION of the STOCK MARKET SHIFTED TO DOWN.
https://enjoytherideworld.odoo.com/hedging
At this point, the hedge is now on and I go into very cautious mode. Stops as tight as I can justify them in each stock etf position that remains. Keep the diversification up using the futures part of the portfolio. I am now short Crypto futures. I expect very few momentum candidates to come through the screens, so keeping cash in very short term instruments waiting for stocks to find their footing as I wait for a direction shift back to the upside sooner or later.
For me, having lived through so many up and down cycles over the last 45 years of trading, itβs βWash, Rinse and Repeat.β Just another day in the life of a trader. I have a complete plan in place for up, down and sideways stock markets and I execute that plan. Every day I do the same things I did yesterday.
This afternoon I will get the data, run through the now 9 strategies I run, update the orders, then I will move into TGIF mode. It will take me roughly the same amount of time it took me yesterday and the same amount it will take me on next Monday.
Enjoy the weekend and the ride everyone!
Thanks, Mr. Basso! Your simple hedging engine is brilliant!
"Stops as tight as I can justify them in each stock etf position that remains" - Do you change the size of stops depending on market (or some other) conditions?
π Thanks Tom.. You are a light house to me π