Monday’s close saw my first SPY trade for the year, switching from long to short. The long was quite eventful – it was established on Dec 27th, at the close, and it started with a 1.5% loss. Then the SPY went up in a ballistic manner finishing the trade with a gain of 4.6%, again including leverage.
As you may have noticed from previous posts, sometimes I exit the markets around holidays. I am glad that I decided to stay this time around.:)