Monthly Review (Feb.2020)
Dear Copiers and Followers, Wow we got some serious volatility this month, fastest correction move in the recent history of Wallstreet, highest VIX spike since the financial crisis of the 2009 and lower Treasury yield ever for the American markets. Our portfolio received a big hit with a - 14.68% profit. This market reset was expected from my side, you can read here my latest Market review from Dec.2019 ( Sp500 and Nasdaq analysis) The choice to reduce stocks exposure to my personal historical minimum below 35%, have been correct, we used the protection from Treasuries (TLT) and gold miners junior (GDXJ) which reached the peak of the last few years. This worked well to reduce to nearly zero the impact our portfolio suffered due to the on-going correction. What instead made our portfolio so volitile is Volatility Itself ==> VIX. When the VIX began to spike, we entered an aggressive Sell position using the VXX (ETN) available on eToro, and we kept pilin...