Gumby's Trading Account

[Gumby]

We've past the threshold of misery (poker term created by Mike Caro).

Tom,

I hope you are right. I think my threshold was reached about 2 weeks ago.

Seems like the market has rallied on every piece of bad news because the number(s) were not as bad as they could have been? I am amazed at the extent of this rally. I am even more amazed that I didn't stay longer in the TSP funds for March.

[etftalk]

The threshold of misery is the point where the pain can't get any worse.

In poker, if you lose say $100 you are not very happy. But if you are down $1700, another $100 is meaningless. Down $1700 or $1800 is the same feeling. You've past the threshold of misery.

[Gumby]

Long SDS @ $85.05

surely this rally is about to play out

Doubled down on SDS @ $71.90.
Ave price of position ~$78.50

[Gumby]

Sold my FAZ today @ $18.05

Purchased @ $33 , $61.92, and $65

Good ol' 20/20 hindsight...I should have set a stop and honored it

[Gumby]

Market up like a rocket. FAZ & SDS taking a beating this morning. Looks like the government has the world's problems solved.

[Gumby]

Sold my FAZ today @ $18.05

Purchased @ $33 , $61.92, and $65

Good ol' 20/20 hindsight...I should have set a stop and honored it

FAZ @ $10.xx at close. What a difference a month makes on this 3X bear.

[etftalk]

FAZ @ $10.xx at close. What a difference a month makes on this 3X bear.

LOL. I just posted the same post in my account.

[Gumby]

OK, I am going to do it again. I tried to swear off FAZ...but it is a bad habit.
Long FAZ @ $11.20

Atilla bought 80,000 shares in the $9.XX range. Something is going to happen.

[justbizness45]

Hey Gumby, you still around?? Haven't seen you post lately.

[Gumby]

Hey Gumby, you still around?? Haven't seen you post lately.

justbiz
Been on vacation for a couple weeks. Doc put me in hospital for stress test and just got out day before yesterday. I am doing great!
I haven't had time to read up on the markets....but it looks like the market wants to just keep rallying. Doesn't make sense to me.

Back it it today. Just bought SDS @ $62.49