Week of April 15

Iran attacks Israel. Opportunity lies ahead.

Recap of last week

Huge down week for markets, the worst since late October. We did not come away unscathed and also had a losing week.

I was bullish into CPI, and was wrong. I am now 3/4 in correctly predicting CPI.

However, still very happy about my performance last week. I traded my system, and really wouldn’t have changed anything. I am usually most weeks running long delta’s, so when the market is down big like it was last week, I will generally also be down. That is working exactly as intended. My system is designed to be profitable in flat weeks, up weeks, big up weeks, and even small down weeks. When the market is down 88 pts like it was last week, I will just take the L and move on. No system is profitable in every market environment. I am very happy making money in 70-80% of weeks.

Now we ended the week on Friday was a huge disappointment from JP Morgan, and the biggest VIX spike of the year accompanying a large selloff in the SPX. Volatility is officially back.

With volatility comes opportunity. I think we make it all back and more this week.