1. 503020 strategy is an amateurish strategy.
2. No strategy lasts forever. So you need to be fluid in your thoughts.
3. SVXY etc are not buy and hold instruments rather scalping instruments. I’m simply not good in scalping, you have to play with larger sums for a few percentage points move to matter (I obviously don’t have that anymore), and…[Read more]

Thanks for your speedy reply. Can’t give up. Have to continue fighting on, albeit smarter this time.

On Feb 5th I lost $900K. I was very aggressive in my trades, had way more positions open than I should have, also had a bunch of naked contracts. This was a good 30% of my net worth. I have $100K left to “play” & rebuild. Is there any hope left for me? My gut tells me if I play safely (remain in the VOL trade), stay patient, can reach $1 Mill in…[Read more]