/biz/ - Business & Finance

>Trade 10x whatever in August, lose $340
>Trade 10x biotech in Sept, lose $70
>Trade a few more biotechs in Oct, up $5

I just long whatever has an upcoming PFUDA thing and then do a volatility hedge on the sector with LABD... my account is mostly at parity for open trades, but most of my loses are because of transaction fees. In sept, I spent $220 in trade fees and would've been profitable. So instead of selling LABD to scale my hedges, I just bought whatever amount of LABU so now I'm holding both. I suppose I'll purge both positions whenever I run out of capital and repeat the cycle again