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Fantastic post! This is exactly what happened to us! We were up huge in Jan (Over 10% by mid month) and gave ALL of it back.
I share in your pain! Great tips here to remember how to manage risk in bear market environments.
Feedback like yours is what keeps me going. This is personal and tough to disclose profits when everyone else is hurting. It might be construed as arrogant, when in fact it is pretty much the opposite: bowing and await the market to topple You from hero to near zero.
I had about 75% in long dollar plays and 50% short equity plays. I also had about 6% short oil.
My shorts are back paying again but unfortunately the long dollar trade is on hold for the time being so I have not recouped nearly as much.
I am starting to add back into shorts this week for a next leg down.
It looks like I keep positions a little more concentrated than you. My book rarely gets over 15 positions and risk per trade is usually between 30bps and 75bps.