More ugliness
I sold most of my positions last week and my portfolio still managed to loose another 4% today. That doesn't make me happy. I'm glad I heeded my own advice and avoided buying anything today. When the DOW was up 80, I got a little twinge in my stomach. It's a good thing I ignored it.
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I'm down 13% for October, which is the worst month for me in 3 years. Of course, the month isn't over, so I hope to recover somewhat. I'm still 100% in and intend to stay that way.
The last time this happened was on August 9, what I call the quant correction. It's almost like a hedge fund blew up and liquidated it's positions, causing quant stocks to drop, which set off stops for other traders. Thats my guess anyway. When this happened on Aug 9, the next couple days they bounced back hard.
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