Posted by Martin February 02, 2022
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Facebook missed… Wall Street pooped 20%, and tomorrow may be an S&P 500 selloff

Apple and Google shined while social media such as Facebook, Snap, and streaming providers like Netflix pooped. These “distractions” providers had something in common: a loss of users growth or users engagement growth.

But the problem is that Wall Street is looking at these companies through the lenses of the 2020 Covid era. People were home most of the time, watching movies, playing games, having Zoom meetings, and so on. In my opinion, a typical user growth or user engagement was distorted by these days.

The sketch below indicates a theoretical engagement if there was no Covid (the red dashed line). And let’s assume that the growth would have a steady, slow, and upward moving trend:

And then, the Covid hit, and the growth went stratospherically up. Of course, everyone was at home and engaged in all the social media out there. Young Robinhooders were gambling thousands of dollars buying worthless out of the money calls that were expiring the next day and losing it all. And the ole good Wall Street had an orgasm over the rapid growth, ignoring, that it was a distorted growth, not a normal, typical growth (same with overall S&P 500 earnings, by the way). It was obvious that once the Covid goes away and we return back to normal, this growth will slow as well.

And now, Wall Street is surprised that the growth of the distractions was not as they thought originally and pooped. Facebook lost almost 23% after hours. It is definitely an overreaction and tomorrow morning it may recover a bit.

Today’s ADP private payroll drop may impact Friday’s official jobs report for January and combined with the FB earnings miss may have an impact on the S&P500 trading tomorrow. So, expect a down day.

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Posted by Martin January 29, 2022
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2022 Week 04 investing and trading report

January is over and it was a difficult month for our investing and trading. Our account got slammed a lot but we were not taking any losses. The net-liq was going down as our stock positions were losing value and our options were gaining value due to increased volatility.

We closed some of our positions for a small loss, some for a profit, and some for breakeven. Nevertheless, rebalancing our positions helped us to raise cash, and now, when the market is near the bottom, we are buying back our positions and opening new stock holdings. When the market fully recovers or starts recovering, I expect our account to shoot up too. Even a side-moving market will increase our account.

Here is our investing and trading report:

Account Value:	$106,272.59	$8,457.30	8.65%
Options trading results
Options Premiums Received:	$2,764.00
01 January 2022 Options:	$8,470.00	+7.97%
02 February 2022 Options:	$0.00	+0.0%
Options Premiums YTD:	$8,470.00	+7.97%
Dividend income results
Dividends Received:	$0.00
01 January 2022 Dividends:	$232.02
02 February 2022 Dividends:	$0.00
Dividends YTD:	$232.02
Portfolio metrics
Portfolio Yield:	5.65%
Portfolio Dividend Growth:	7.87%
Ann. Div Income & YOC in 10 yrs:	$37,116.91	24.84%
Ann. Div Income & YOC in 20 yrs:	$391,090.70	261.77%
Ann. Div Income & YOC in 25 yrs:	$2,128,881.60	1424.91%
Ann. Div Income & YOC in 30 yrs:	$19,216,969.66	12,862.40%
Portfolio Alpha:	2.76%
Portfolio Weighted Beta:	0.46
CAGR:	540.55%
AROC:	6.44%
TROC:	11.72%
Our 2022 Goal
2022 Dividend Goal:	$4,800.00	4.83%	In Progress
2022 Portfolio Value Goal:	$151,638.03	70.08%	In Progress
6-year Portfolio Value Goal:	$175,000.00	60.73%	In Progress
10-year Portfolio Value Goal:	$1,000,000.00	10.63%	In Progress

Dividend Investing and Trading Report

Last week we have received $0.00 in dividends bringing January’s dividend income to $232.02.

We bought the following dividend stocks:

1 share of MSFT @ $291.56
100 shares of ARCC @ $21.52
10 shares or IEP @ $52.77
23 shares or RYLD @ $22.30
45 shares or GAIN @ $15.55
2 shares or BAC @ $45.38

Here you can see our dividend income per stock holding:

Growth stocks Investing and Trading Report

Last week we bought the following growth stocks:

10 shares of NFLX @ $384.64
8 shares of SNOW @ $253.74
5 shares of TSLA @ $922.57
5 shares of AAPL @ $162.08
1 share of AMZN @ $2,804.87

The selloff was a gift for us to buy good quality growth stocks for a cheap price. And if the selling continues in the coming weeks, we will be adding more shares.

Options Investing and Trading Report

Last week we rolled our strangle trades to keep our account safe. That raised cash and buying power. Unfortunately, it didn’t help our net-liq much. We still went down.

These adjustments delivered our January income by $2,764.00 bringing January total to $8,470.00.

Once those trades are over, the net-liq will be released.

We were actively trading our SPX strategy that delivered $192.00 weekly income.

You can watch all our trades in this spreadsheet. You can watch the spreadsheet and look for a “NEW” indication next to the trading date. When the indicator shows up, it is typically good for up to 3 days to follow that trade.

Expected Future Dividend Income

We have received $0.00 in dividends last week. Our portfolio currently yields 4.83% at $106,272.59 market value.

Our projected annual dividend income in 10 years is $37,116.91 but that projection is if we do absolutely nothing and let our positions grow on their own without adding new positions or reinvesting the dividends.

We are also set to receive a $5,774.58 annual dividend income ($481.21 monthly income). We are 15.56% of our 10 year goal of $37,116.91 dividend income.

The chart above shows how our future dividend income is based on the future yield on cost and what dividend income we may expect in the future. The expected dividend growth depends on what stocks we are adding to our portfolio and the stocks’ 3 years average dividend growth rate. It is interesting to see what passive income we may enjoy 10, 20, 25, or 30 years from now.

Market value of our holdings

Our non-adjusted stock holdings market value increased from $132,015.51 to $152,365.36 last week.

In 2022 we plan on accumulating dividend stocks, monetizing these positions, HFEA strategy, and SPX trading. We plan on raising more of our holdings to 100 shares so we can start selling covered calls. We continued rebalancing our options trades that released buying power significantly. That allowed us to start buying shares of our interest again.

Our goal is to accumulate 100 shares of dividend growth stocks we liked and then start selling covered calls or strangles around those positions. We also planed on reinvesting all dividends back to those holdings.

Investing and trading ROI

Our options trading delivered a 7.97% monthly ROI in January 2022, totaling a 7.97% ROI YTD. We hope that in 2022 we exceed our 45% annual revenue selling options against dividend stocks target!

Our entire account is up 1.56% outperforming our projections and the market.

Our options trading averaged $8,470.00 per month this year. If this trend continues, we are on track to make $101,640.00 trading options in 2022. As of today, we have made $8,470.00 trading options.

Old SPX trades repair

This week, we didn’t adjust our old SPX trades. Our goal is to reach a level where we will be eligible for portfolio margin (PM). Once that happens, we plan on converting the existing SPX Iron Condors to strangles and trade these positions as strangles.

With RegT margin, the capital requirements would be approx. $66,586.06 and that is beyond our means. With PM the requirement for margin would drop to around $10k. That is doable in our account. Once we reach this level, we will start adjusting our SPX trades accordingly. Until then, we will just roll these trades around.

We however traded our SPX put credit spread strategy which you will be able to review in my next report. The SPX strategy held well so far, and our signals kept us away from opening new trades.

Market Outlook

The stock market appears to be finding its support at the $4315 level. If that level holds bulls may step in and push this market higher. We have a few obstacles to overcome – a 200-day MA and previous support, now resistance.

If we bounce off both we may go lower and retest the lows, or even make new lows. If we break up and above we may see the rally recovery. But, as of now, we must wait to find out.

If you want to learn more about the stock market, events that moved the market last week and will likely impact it in the near future, I recommend you to subscribe to our weekly newsletter. Knowing where the market is heading and knowing when you should expect its reversal can benefit your trading and investing. Subscribe and you get one month free.

Investing and trading report in charts

Account Net-Liq

Account Stocks holding

Last week, S&P 500 grew 53.21% since we opened our portfolio while our portfolio grew 18.40%. On YTD basis, the S&P 500 fell -11.56% and our portfolio -11.38%. This clearly indicates that our stock holdings performed better than the market.

The numbers above apply to our stock holdings only. Our overall account net-liq is up by 1.56% this year thanks to our options strategies that generated enough income to stay up a bit.

Stock holdings Growth YTD

I expect our stock holdings to start outperforming the market hopefully soon.

Our 10-year goal is to grow this account to $1,000,000.00 value in ten years. We are in year two and we accomplished 10.63% of that goal.

Our 6-year goal is to reach $175,000 account value to be eligible for portfolio margin (PM) and today we accomplished 60.73% of that goal.

Our 2022 year goal is to grow this account to a $151,638.03. and today we accomplished 70.08% of this goal.

Investing and Trading Report – Options Monthly Income

Investing and Trading Report – Options Annual Income

Our dividend goal and future dividends

We planned to make $4,800.00 in dividend income in 2022. As of today, we received $232.02. This is in line with our projected dividend goal for January 2022. We also accumulated enough shares to start making $5,774.58 a year.

Our account cumulative return

The chart below indicates our cumulative adjusted return since we started tracking this metric.

Here is the cumulative return for the year 2022:

Our win ratio overall:

Our win ratio for 2022:

As of today, our account overall cumulative return is 32.18% (note, data in this section are since March 13, 2021, only as that is the date we started tracking these metrics. Thus the results are skewed a bit and will show full picture next year.) and our 2022 cumulative return is -10.46%.

I have a favor to ask. If you like this report, please, hit the like button so I know that there is enough audience that like this content. Also if there is something you want to know or you want me to change this report to a different format, let me know in the comments section.

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Posted by Martin January 29, 2022
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January 2022 $100 Challenge account review

January 2022 was a rout and our account got hammered by volatility. It is an unfortunate result of trading a small account. Our challenge account is now underperforming SPX and our goal. But I see it positively in the near future.

Accumulation phase

The account is underperforming our goal but it is on the path to success. We are now trading small trades (strangles) and we will continue accumulating shares for our next options trade. The strangle trades are consuming collateral buying power but as they near towards expiration we will see a jump in BP and net-liq. We had to exit our AES trade as the market was so volatile that we were not able to manage it. But once the market calms down, we will re-enter the position.

We are trading strangles because they are easier to manage compared to Iron Condors or spreads. It is why we are not engaged in trading SPX credit put spreads yet because these can be profitable but one trade against us can wipe our account. We are simply too small and undercapitalized for these types of trades. Strangles are also a bit more expensive as far as capital requirements go. That is why choosing good stocks to trade is crucial. Choose safe, stable stocks, providing enough premium and stability. And that is what we are doing.

October 2021 Challenge account review

MONTH	GOAL $$	ACTUAL $$
June 2021:	$203.00	$202.67
July 2021:	$306.00	$334.75
August 2021:	$409.00	$397.71
September 2021:	$512.00	$476.91
October 2021:	$615.00	$632.37
November 2021:	$718.00	$659.00
December 2021:	$821.00	$802.08
January 2022:	$924.00	$594.29
February 2022:	$1,027.00
March 2022:	$1,130.00
April 2022:	$1,233.00
May 2022:	$1,336.00

From the chart above, the red dot (line) indicates the current account value, compared to the blue line (plan). Our account is trailing our goal. When trading naked options, expect volatility in your net-liq. That can be seen by some as a disadvantage. When trading spreads, your net-liq will be stabilized by neutralizing delta. With naked options, you would have to choose other instruments to do so, for example owning stocks to neutralize your call side. We do not have this yet as our account is small, but we are building our position.

October 2021 Overall Challenge account review

The chart below indicates our account value compared to the overall goal and plan to grow $100 investment into a $75,000 portfolio. As of today, we are at the beginning of our journey.

YEAR	CONTRIBUTIONS $$	GOAL $$	ACTUAL $$
Year 0:	$100.00	$100.00	$100.00
Year 1:	$1,300.00	$1,336.00	$594.29
Year 2:	$2,500.00	$3,016.96
Year 3:	$3,700.00	$5,303.07
Year 4:	$4,900.00	$8,412.17
Year 5:	$6,100.00	$12,640.55
Year 6:	$7,300.00	$18,391.15
Year 7:	$8,500.00	$26,211.96
Year 8:	$9,700.00	$36,848.27
Year 9:	$10,900.00	$51,313.64
Year 10:	$12,100.00	$70,986.56

September 2021 Challenge account Income

Total Invested in Stocks	$54.60
Total Unrealized Profit	-$3.94
Total Realized Profit	-$1.17
Strangles Income	$194.00
Dividends Income	$12.94
Deposits Total	$900.00
Cash	$1,157.63
Net-Liq	$594.29

Cumulative return Challenge account review

As of today, our challenge account provided a -42.05% monthly cumulative return.

If you want to see what investments we take, what trades and strategies we will use to grow this small account join our program today and grow your money too. We engage in safe investments, select strategies to maximize winning trades, and grow our portfolio. And you can do it too, today! We do not provide quick rich promises, gambling, or reckless strategies. We want our portfolio to grow steadily and preserve our capital while maximizing returns.

As a member, you will have access to the following features:

Weekly newsletter which provides market news and outlook, stocks analysis, and options trading course
Account statements
Account trading journal
Archived emails

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Posted by Martin January 29, 2022
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2022 SPX put credit spreads trading review – week 04

January 2022 is over and our SPX strategy once again outperformed the market. The market was horrible last week, full of volatile zig-zag moving and losses. However, it seems that the market found support at the $4,315 level. If it holds we may see the market moving up and that would prop our SPX strategy even more. If the markets start trending higher, we will be taking every trade and riding the market up.

Our SPX strategy is designed to stay away from the market if it is not trending and the signals are negative. During January’s selling, we stayed out for the most part of the trading days waiting for our opportunity to jump in. That opportunity may be approaching.

Our SPX PCS strategy finished the week up +3.65% while SPX was losing. However, by the end of the week, SPX had a strong rally on Friday and finished up by +0.77%. Our account is up 51.58% since the beginning of this program. If the selling continues, I might start seeing some troubles as our Friday’s 50 DTE trades may get in the money. If the selling ended last week, we may see our account spiking even more as we will be able to take our 7 DTE trades which we stayed out when the SPX fell.

Initial trade set ups

For my SPX strategy, I dedicated a $3,600 initial amount that will be used to trade SPX PCS strategy per week. If this amount is depleted, I will evaluate the strategy to determine whether to continue or change it. If I grow this amount, I will scale up the trading.

WHAT WILL WE TRADE?
DAY	DTE	TYPE
MONDAY	7 DTE	Put Credit Spread
TUESDAY	30 DTE	Put Credit Spread
WEDNESDAY	7 DTE	Put Credit Spread
FRIDAY	60 DTE	Put Credit Spread
EVERY MONTH	120 DTE	Put Debit Spread – HEDGE

Last week trading

DAY	SIGNAL TYPE	TRADE STATUS
MONDAY	Negative	No new trade
TUESDAY	Negative	No new trade
WEDNESDAY	Negative	New 7 DTE Call credit spread trade opened credit: $200 Exp: Feb2
FRIDAY	Positive	New 60 DTE trade opened credit: $100 Exp: Mar31
EVERY MONTH	—	No new trade opened

On Monday, our entry signal was negative and we stayed away from the market.

On Tuesday, our entry signal was negative and we stayed away from the market.

On Wednesday, our entry signal was negative however, we opened a credit call spread.

On Friday, the signal for the 60 DTE trade was positive and we opened a new 60 DTE credit spread.

We didn’t open any new 120 DTE debit hedging trade this week. Since the market outlook is very negative and we are in backwardation, I might be opening a new additional hedge trade on Monday.

Here are our delayed open trades:

SPX PCS delayed trades

The trades are two weeks delayed. If you want to see the most recent trades or receive alerts, subscribe to our SPX alerts.

Overall, the strategy resulted in a $192.00 gain last week. Note that the gain might be unrealized as some or all trades may be still open.

Initial account value (since inception: 12/07/2021):	$3,600.00
Last week beginning value:	$5,265.00
Last week ending value:	$5,457.00 (+51.58%)
The highest capital requirements to trade this strategy:	$9,348
Unrealized Gain:	$652 (+6.97%)
Realized Gain:	$1,205 (+12.89%)
Total Gain:	$1,857 (+19.87%)

SPX PCS account value

Our SPX net-liq increased a bit last week but I consider it a good result since the market is volatile and non-trending, well, it is trending but the trend is choppy and weak.

SPX PCS account vs SPX index net liq

However, comparing the account with SPX net-liq, we are still outperforming this horrible market.

SPX PCS account vs SPX index

If the market continues being this choppy or even going down as fast as it has so far, I expect slower or no growth, because I will be out of the market.

If you want to receive trade alerts whenever we open a new SPX put credit spread or a hedge trade, you can subscribe to our service:

SUBSCRIBE HERE

Note, if you wish to subscribe to multiple levels, you can do so by subscribing to one level only and then send us an email that you want to be added to other levels too.

Also, if you like this report, hit the like button so I know there is enough audience wanting to see this type of report. If you have any questions or want to see anything else about my SPX trading, do not hesitate to contact me or write a comment in the comments section. Thank you!

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Posted by Martin January 24, 2022
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Did you sell everything today? Psychology and stupidity of retail investors.

Did you join the retail investors today and sold everything? If you are wondering what drove the market today, you no longer have to. It was retail investors according to Blomberg and data from brokerage houses and their order flow reports. Today’s trading in the stock market was a typical view into the soul of mom and pops acting irrationally, and I hope, I really do, that you didn’t join them. If you read my newsletters, I wrote, many times, that the selling is not fundamentally justified. Not at this level and this speed. What we have witnessed was a pure irrational panic selling. Nothing more.

What has happened? Retail investors simply dumped their stocks just to see them rebound and rally without them when big money picked the cheap stocks and bought them.

It was the retail investors who were left holding the bag behind left behind without their shares. Now, unless the market revisits those lows, they will be buying back at a lot higher prices than they sold. A typical retail stupidity of buying high, selling low.

This chart shows how retail investors’ selling gained speed in the morning and at noon, institutions picked up the cheap stocks:

What’s next?

As you can see, as of this writing the SPX futures are down again (down -1.06%) and that is typical for bounces like the one we saw today:

We need to see a follow-through to call this a reversal and recovery. If the price continues lower without any stops, the end is still not here. If we start chop around or even see another green candle with a higher closing price than today’s price, we may see it as a bottoming process. But even with that, there is a risk of a dead cat bounce:

To tell for sure, we still need to wait before we can engage in full-scale trading. In the meantime, I rolled a few strangles that needed to go lower as they were hurting my buying power, and purchased a few depressed stocks such as Netflix (NFLX), and I plan on adding more SNOW, TSLA, APPL, and AMZN, so, if you joined the suckers selling today, keep selling. I am buying.

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Posted by Martin January 23, 2022
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ARKK embarrassing results

ARKK returns last year and at the beginning of this year were so embarrassing that they decided to change their home page to no longer indicate YTD returns.

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Posted by Martin January 23, 2022
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Our SPX PCS strategy will be spectacular when panic selling ends

This selloff in SPX is a blessing as well as a sour moment in the markets. It is a blessing because once this ends and people realize that they were overreacting once again, we will see a nice recovery. It may be slow and long, or a “V” shaped. In both cases, once our SPX strategy signals tell us that it is safe to enter the trading again, we will be taking every trade in our trading schedule and making money fist over the hand.
It is a sour moment because we have to stay out and sit on the sidelines. But it is still a good thing compared to my previous trading.

My SPX trading before was to take a trade every week, every expiration, use all available buying power, and scale up the trading indefinitely. It was wrong!

I traded Iron Condors mostly. I thought it would be the best strategy out there. It was not. No strategy works all the time in any market. And Iron Condors can burn you badly in the strong bull market, as well as in crashes like today. It took me some time to finally admit, I was wrong and schedule my trades. Do the exact opposite of what I was doing.

So, I developed a set of signals to help me to determine the trend and be able to see whether a trend is safe enough to open a trade or stay out. So far, it worked well as besides a few trades I took and had to close for a small loss, I was able to stay out and wait for the mass panic selling to end.

But now, I can see that this strategy will deliver spectacular returns as we will be riding the recovery up. And I am looking forward to it.

But there is a caution to be taken from me and my followers. Even if we start seeing recovery and resume of a bull market, our signal may still be negative telling us to stay away. The signal may be turning positive but it still can be in negative territory. The reason for this may be that any potential recovery may just be a bounce or a relief rally. And if that will be the case, we have to stay out too.

But once these hurdles are cleared and the market will be going higher again, we will resume our SPX trading and profit spectacularly. Stay tuned for the recovery and be patient.

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Posted by Martin January 22, 2022
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2022 Week 03 investing and trading report

Last week the SPX went on a crazy downhill. At first, trading was calm but then it sped up and everybody was selling like crazy. Panic was the investment strategy. And who panicked first was the winner (sarcasm). The initial catalyst for selling was the FED raising the rates surprisingly more than expected. But seriously, what was so surprising about it? And what idiot believes that a few percentage points of higher interest rates above the current zero would destroy the economy?

Our trading and investing was good last week and though our account suffered as probably everyone’s account out there, we were able to stay afloat. Rebalancing our trades, selling out some risky positions, and raising cash helped us to mitigate the worst and be prepared for buying opportunities. And those opportunities will come!

Here is our investing and trading report:

Account Value:	$97,815.29	-$340.73	-0.35%
Options trading results
Options Premiums Received:	$1,448.00
01 January 2022 Options:	$5,706.00	+5.83%
Options Premiums YTD:	$5,706.00	+5.83%
Dividend income results
Dividends Received:	$5.77
01 January 2022 Dividends:	$232.02
Dividends YTD:	$232.02
Portfolio metrics
Portfolio Yield:	5.66%
Portfolio Dividend Growth:	8.10%
Ann. Div Income & YOC in 10 yrs:	$33,014.87	25.66%
Ann. Div Income & YOC in 20 yrs:	$373,608.11	290.34%
Ann. Div Income & YOC in 25 yrs:	$2,176,467.68	1691.41%
Ann. Div Income & YOC in 30 yrs:	$21,771,477.76	16,919.35%
Portfolio Alpha:	-0.65%
Portfolio Weighted Beta:	0.61
CAGR:	529.84%
AROC:	5.96%
TROC:	12.21%
Our 2022 Goal
2022 Dividend Goal:	$4,800.00	4.83%	In Progress
2022 Portfolio Value Goal:	$151,638.03	64.51%	In Progress
6-year Portfolio Value Goal:	$175,000.00	55.89%	In Progress
10-year Portfolio Value Goal:	$1,000,000.00	9.78%	In Progress

Dividend Investing and Trading Report

Last week we have received $5.77 in dividends bringing January’s dividend income to $232.02.

We bought:

143 shares of OHI
100 shares of ENB
20 shares or RYLD

Here you can see our dividend income per stock holding:

Growth stocks Investing and Trading Report

Last week we bought the following growth stocks:

4 shares of AAPL
5 shares of SNOW

We closed our Amazon (AMZN) position but we plan to buy back once the panic selling is over. Originally we bought AMZN at $3,250 a share. We closed the position for $3,000 a share for a small loss. Now, the stock is trading at $2,850 a share. Surprisingly, APPL holds better than AMZN. Right now, just waiting for a good opportunity.

Options Investing and Trading Report

Last week we rolled our strangle trades to keep our account safe. That raised cash and buying power. Unfortunately, it didn’t help our net-liq much. We still went down.

These adjustments delivered our January income by $1,448.00 bringing January total to $5,706.00.

Once those trades are over, the net-liq will be released.

We were actively trading our SPX strategy that delivered $190.00 weekly income (loss).

Expected Future Dividend Income

We have received $5.77 in dividends last week. Our portfolio currently yields 5.66% at $98,156.02 market value.

Our projected annual dividend income in 10 years is $33,014.87 but that projection is if we do absolutely nothing and let our positions grow on their own without adding new positions or reinvesting the dividends.

We are also set to receive a $5,399.79 annual dividend income. We are 16.36% of our 10 year goal of $33,014.87 dividend income.

Market value of our holdings

Our non-adjusted stock holdings market value increased from $131,493.57 to $132,015.51 last week.

Investing and trading ROI

Our options trading delivered a 5.83% monthly ROI in January 2022, totaling a 5.83% ROI YTD. We hope that in 2022 we exceed our 45% annual revenue selling options against dividend stocks target!

Our entire account is down -6.53% underperforming our projections and the market.

Our options trading averaged $5,706.00 per month this year. If this trend continues, we are on track to make $68,472.00 trading options in 2022. As of today, we have made $5,706.00 trading options.

Old SPX trades repair

We however traded our SPX put credit spread strategy which you will be able to review in my next report. The SPX strategy held well so far, and our signals kept us away from opening new trades.

Market Outlook

The stock market lost almost 6% last week. That is very unusual price behavior and it happened like that only a few times in the past. What will happen next? No one knows. Originally, I wanted to add a few shorts to play the downward movement of the market but I think, the market may be down too much already and oversold, and we may see a bounce or a very strong counter-rally. Any shorts can rip you off. So, I decided to play it safe and stay out. When I see a sign of a reversal, that may be a point to start buying again and open new bullish trades. It may happen next month or in March. Until then, we must wait.