- Wealth PMS (50L+)
Here’s the latest on the Short Only Strategy:
A huge rally this week took the current position to a mark to market loss, but we have big profits booked last month that keep the strategy afloat. I am not taking on new positions despite a large fall on Friday; I’m not yet convinced we’re good for a longer term short.
30K is the current profit figure, most of which came in through puts last month. I should be buying puts even now – but for some reason I’m not comfortable with the current situation.