The concept was to have some funds that were not correlated with each other. That is, I had a Russia, China, small caps, financials, biotech, oil and some others, so on other days, some were up and some were down. Not today, everything got crushed, and my ETFs spiked. Cost me a lot of money.
The point is, on a day like this, virtually everything is correlated. So I either need to be more nimble, or buy some things that are inversely correlated, so that for sure I goes up while the other goes down. I've tried that, and it works with these ETFs, but slowly. I'll consider it again.
I sold a bunch of stuff, , including my $NUGT position. Yyou can compare to a prior post to see the differences: The ETF Short List is a lot shorter tonight. I did keep the $UVXY, which got really hammered. I saw it was the 11th highest spike in the $VIX since they have been keeping records.
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