Archive Category: 10x Profits Archives

June was a profitable month for us! That was welcome after May, when we got whipsawed on half a dozen positions and lost 10.7%. I’m happy to report that we made more than that in June … and in an “easy” way: with just one trade.

A popular theory is that investors gravitate toward binary decision-making – for example, we choose to be either 100% in the market or 100% in cash. It’s all about human nature: We enjoy “rooting” for the market to go one way or the other. If we’re all in on the market, we root for it to go up.

Calling the market moves we saw in the first half of 2020 atypical is an understatement of epic proportions.

Today, I’m slated to share with you my “50/50” approach to monetizing hedges – a conversation you can review (Part I, Part II) if you were off on a Mediterranean holiday in May. See, we got long VXX on May 6 because our systematic market-timing model told us to.

Well, that was an annoying month. For one, we suffered through the classic definition of whipsaw. See, the less-classic definition is: a series of short-lived trades in which you flip back and forth between “long” and “short” positions. Sometimes, those flip-flop trades net you a profit. I’ve shown before how that’s the case with my 10X Profits market-timing model over the long run.