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Total Posts: 12
Joined: Sep 2019
Posted: 2020-02-29 19:52
How is everyone holding up after this week? Swings were pretty wild but seemed like a fairly "normal" crash as far as crashes go. We saw some futures correlations break down (gold vs equities) and equities become much more synchronized.


Total Posts: 1090
Joined: Nov 2004
Posted: 2020-03-01 16:06
On our side I guess the right term to describe the week is.... "nuked".

Happens time and again. Last time P&L looked like this was back in Fukushima's days.

Let's hope all this messing around with this stupid virus will stop soon. I am slowly discovering the extended powers that a government can have in such situation, even in western nations. Scary.

If you are not living on the edge you are taking up too much space.


Total Posts: 1632
Joined: Jun 2004
Posted: 2020-03-01 16:18
My stuff did pretty well. In fact, I was giggling like an idiot the whole week.

PS. This said, I'd rather it did not happen.

'Progress just means bad things happen faster.’


Total Posts: 971
Joined: Jun 2005
Posted: 2020-03-01 16:19
@goldorak: Much is described in A.Camus "La Peste" ("Plague"), but hopefully it is not the scale of disaster.

Founding Member

Total Posts: 5139
Joined: Mar 2004
Posted: 2020-03-01 19:25
Surprisingly well. Plan the trade and trade the plan.

Nonius is Satoshi Nakamoto. 物の哀れ


Total Posts: 316
Joined: Mar 2018
Posted: 2020-03-01 20:10
anyone got any info on how certain hfs and strats performed this last month?


Total Posts: 455
Joined: Mar 2005
Posted: 2020-03-01 20:15
If you were positioned for this you did well. The question is what plays out next.

I see a 30-40% drop through to July if we replicate the Chinese slowdown from a Covid 19 pandemic.

If things abate and Covid 19 is mopped up we may go 5-10% lower.

I remain fully (equity) short irrespective. I'm reprising some older trades RE: EUR split from the old days.

I'm fortunate to be in my own shop now but while I got the right positions it was at the cost of much more remunerative things...

HEY! What about the guy who first landed on the moon? He said "one small step for man". I'd just have said "OMG I'm on the moon!"


Total Posts: 546
Joined: May 2006
Posted: 2020-03-01 22:39
OK, ish.

I wasn't really positioned for it, but it didn't manage to hurt me either. Great Jan, not great but better than average Feb.

We'll see what happens next. Valuations need a lot of trimming. If it takes covid to point that out, so be it.

But being short everything is a bit overaggressive for me. It's the relatives we are playing for here. Timing delta is a losing game.

"There is a SIX am?" -- Arthur


Total Posts: 48
Joined: Oct 2008
Posted: 2020-03-02 05:46
Great week, made 2 months worth of profit in a week.
Fingers crossed the volatility stays high and I don't get nailed.
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