Trading Week Recap & Shrubvana
I thought I’d do a quick recap of the trades we did this week, since it was a fine melange of Macro trades, Thematic trades and Grift Arbitrage, and since we held some of these positions for more than a year until now. These trades were all given in real-time in the daily notes anyway, but sometimes I want to look back and think about the trades I executed when it’s more quiet.
MONDAY
Only last weekend, everyone was worried about WW3 breaking out in the Middle East. We concluded that the whole military operation was a “Top Gun 2 Cosplay”, so we covered our Nasdaq short early Monday morning for a whole 1% profit and switched to a long only portfolio. The Market proceeded to have a 4% rally.
Our guiding principle has served us well, as a beacon of sanity:
“Once you realize it’s all nonsense, it starts to make sense”.
