RE: Positions11 Sep 2021 22:58
crl - I do remember that POG drop vividly as I was in and out all the time leading up to the 25:1. Seemingly, gold being a hedge against all (at the time, not now) was my temptation. I could've easily been there with you for the whole ride though my sizes those days were a tenth of your exposure. It was sheer luck I didn't buy and hold it that week. On the oil side COP, PMO, TLW, PANR, AFR (all painful, and the loss to the last one hurt real bad), NRK (another big loss), CLLN, ... long list. Hence my gradual move into other growth areas like biotech. Seems we've given the market (read smart money) much already. Paid our dues. Time to recoup it all back and then some. The hardest bit's behind. You've survived it all, and are still standing.
I tell you one thing though. As soon as I reach full liquidity in my portfolio (this year or next), I will go after disclosed shorts and nothing else. We could maybe time it reddit-style. I'm even considering learning Python and do it "their" style. Not a fan of spoofing, and I'll happily hit their momentary asks and drive SP up every day I see their algos active, and trigger forced close. See if they like that. If I get it right most of the times in 4D, I'll die a happy man. Under no illusion - it is us against them. And I ain't ever switching sides.