Hedging & Trailing Stops Work

I'd Rather Be Lucky Than Good

Yes, I’d rather be lucky than good, and the harder I work, the luckier I get. In today’s world, there is no excuse for hard work. I’ll talk more about it as I conclude this memo so read everything.

Hedging & Trailing Stops Work

I’m a hedger. While the primary portion of the funds managed in Roth IRA accounts make up a little more than 65% of what’s in the portfolio, the rest of the funds are in place waiting for “opportunity” to find them.

I’m hitting on all cylinders with my VIX and WTI Crude calls. That does not mean I’m “giving up the ghost” on turnaround and high-dividend-paying stocks. By all means, it does signify that my “cash account” goes a little higher but all things considered, not a whole hell of a lot has changed.

So, China is going higher. My fellow graduate David Tepper thinks so, and I agree with him. More so, a shout out to David and his wife Nicole for doing what FEMA cannot do, contributing directly to the victims of Hurricane Helene. Thanks Tepper now figure out what you can get for your benched quarterback. Good thing you can manage money.

I’m still long China, VIX, and WTI calls, but I’m not greedy. I have trailing stops in the mix, as I’m not one to give up profits. Nonetheless, as the “herd” sold, I bought. It seems to me that the “herd” is on the wrong side of the equation again, so let’s hope they keep buying so I can sell into their usual mistakes. Hey folks, take my course and learn how to trade and invest the “right way.” It works and it’s worth it.

Lucky You Say

Well, it is not just luck, it’s patience, understanding, and listening to what you hear. In 2020 I made a small fortune following a couple of privately run JP Morgan funds. I was heavy into the EV revolution but using the above strategy, I knew when to get out.

It’s more than four years later, and like The Terminator, “I’m back.” I hit slightly less than a 10X bagger with Cerance (“CRNC”), and I’ve been patient. About a month ago, I started to see the verbiage pick up on the EV suppliers and picked up some CRNC at about $2.50 a share. Yeah, it’s cheap, but 100,000 shares barely move the needle. It did today, as the stock closed at $3.80.

I’d rather be lucky than good, and the harder I worked, the luckier I got. Patience is a virtue and I sit on my hands more so than most. I’m boring, and it works.

You’re Fired

I kind of felt like Donald Trump this weekend. I fired the last “marketing” agency I’ll ever deal with. They are a “dime a dozen,” and I know it. No one knows better what I want than me. So, I’m working with GHL myself and hope to have my courses up and running by the end of the month. Stay tuned and enjoy these articles on Substack.

My Fair Lady was a fun movie from the play Pygmalion. A little bit of luck is always a welcome event. Spending the time to get lucky makes it even sweeter. I am far from always being right, but I’ll work harder than most to figure it all out. I listen to what others think and have to say. I am patient and look for opportunities to find myself. It might sound simple, but that’s all it takes. Patience works. Give it a try, and never be a “greedy” investor. Both bulls and bears make money. Pigs get slaughtered.