Who will admit they got slaughtered averaging down today?

[emulimu]

because sharpe improves if you trade different securities well

That kind of thinking doesn’t apply here at all. My risk doesn’t increase because I have a highly concentrated position. I can manage it better because I have only one position. I would go nuts trying to manage 10 options positions. This is so much better on my stress levels and workload and yet nearly risk free. Anyway, there is no comparison between the two ways of trading. I am just sharing this so anyone interested can pick this up and make it their’s.

 

[lariati]

My SCHW has been crushed this morning but went on a shopping spree of SPY, QQQ and a few bank stocks, MTB, CFG, PNC.

KeyCorp is a bit disturbing down 28% right now. I always thought they were a shit bank. I can totally see a business banking run on them.