i saw the beta stall out in march very early on,
and repeatedly pointed it out and what that meant for market,
and failed to back it up with grown up position puts on betas,
as betas promptly go on a brutal 2mo beta beat down.
2mo position puts tossed out an avg 6x gain.
on a large swing position, that's adds up.
at the washout lows,
i saw it and called it out,
and failed to buy grown up swing positions on betas at the washout lows,
june calls now up an avg 4x since beta washout lows.
that's serious gain on grown up trading.
too bad i was too fixated on greaseball weeklys.
and this was the year i swore i would focus more on monthlys than the greaseball weeklys.
so, i fd up coming and going.
Who pounded the table and told you to buy NEWL last week at 50 cents. It closed at $4.40 today. I gave you another gold mine and you're sitting there playing with yourself. Wallow loooooooser.
NEWL???? Bwhahahaa with a cumulative reverse split of 1 for 270,000 NEWL once had a relative share price of almost $4.5 million. Or $4.5 million invested 5 years ago is worth $4 today. LOL One heck of a long term short.
as a trader who got his rep as an ace counter swing trader,
and who historically excels at market extremes,
and where the big money is made,
that is a very serious fail.
all in all i did good on the weeklys,
but in this bot jigged whipsaw market,
you'll eventually f up and get bucked off and miss the bigger move and left to gnash teeth.
and i'm sitting here stewing wondering how the f i let them go.
take 250k - 1ml and spread it out on position puts on 6 betas,
for an avg cumulative gain of 600% in two months.
then, take the same amount and roll into position calls on betas at the washout lows,
and already be sporting a 4x cumulative gain in 3wks.
that's my year and whole lot more right there.
on two grown up swing trades in less than 3mo.
i saw the pending beat down early on,
and called the washout lows day they hit it.
and failed to back it up with grown up trading.
this fixation on weeklys has really cost me big time.