Being long. I cashed out my index long today with a big loss for the week. Its in the neighborhood of +10%. I’m still up in the neighborhood of 20% for the year in my index trading accounts. Drawdowns suck no matter what, but when I take a look at where the major indexes are on a yearly basis, I’m kicking their ass. It helps alot mentally when going through these periods.

-8% yearly gain in the Nasdaq
-4.5% yearly gain in the Dow
-2.6% yearly gain in the SPX
-2% yearly loss in the RUT
-20% gain for me

I also made a great trade with SVA. I was happy about that. This definitely didn’t suck.

NBG was up yesterday that was pretty good.

Practically everything else I own was down however.

I cashed out of my index trade and will look to play an upside trade at least once next week, but will look for more downside once we bounce.

Thanks for reading

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