- Decision to square half of long TYZ0s directly related to the possible S&Ps triangle reading. Even more costly in terms of lost profits. Executed at 124-08 vs day's low of 124-04.5.Now at 125-12. Sigh.
- Monday night's price action has completely negated the squeeze potential on the bond bulls. We remain on track for 2.20% in US10YY (now 2.53%, high reached yesterday 2.68%).
- Again, from a prudent risk management point of view, it is easy to say no regrets, the squeeze could have been much worse. But cannot help but feel sour at how much profits I had given up with that single mouse click at yesterday's open. Feeling much humbled by the market yet once again.
- Staying put with what I have left in US10YY and S&P500. Comforted by fact that I am well positioned now to weather any big Risk Off shakeout that markets might engineer. (Small comfort).
- [In my less experienced days, I might have squared the entire position and gone the other way. Thank God I am a little wiser now]
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