My portfolio was up 1% this past week. I am not a fan of 3x leveraged ETFs. They are great when they are going up in your favor; otherwise, they can be nerve-racking and take away your profits fairly quickly.
I closed my SPXS and RWM shorts on Friday. I closed out my TMV leveraged position on Wednesday or Thursday.
At this point, I really don't care which way the market turns. I have an equal number of individual stock shorts and longs, plus a huge position in IAU. Ok, so I lean a bit bearish, practically speaking.
Interesting, how Bitcoin and Gold took turns soaring on Thursday and Friday.
Bitcoin is a buy, but I would like to see it come down a bit more first before I buy. But that's me.
I am holding a little less than 10 positions, my best ideas. All my positions were up on Friday.
I am a big silver bull, but would like SLV to come down to the $28+ area before I go long again.
The playbook is 1970s and the big winners will be gold and silver.
One of my longs, LOMA, had a big up week, up 12.58%, on a MS upgrade to $15. LOMA is an Argentinian material stock. I talk with my brother in law a few times a week and he knows a lot about Argentinian stocks since he lives in Buenos Aires and is a successful trader.
LOMA will go down initially on big down opens, but seems to manage to come back strongly later in the session. It does especially well in slightly down to flattish/up markets.
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