Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
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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. |
