Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
No matter how you’ve played pre the crash to “off the bottom”, the only thing that matters is how you play the next hand.
In August, I closed out 67 hands (signals in Real-Time Alerts). I had 38 longs and 29 shorts and batted 76% despite tourists in the casino saying you can’t make money on the short side.
MAX gain was +7.2% with an AVG gain of +1.8%. MAX loss was -5.7% with an AVG loss of -1.5%.
I really don’t care what people think about how I play the game. It’s not for everyone. I play it out loud for all to see. If you learn something from it, great. It’s how I learn the most (from my very public mistakes, especially). Thank you for that learning opportunity.