One day does not make a trend.mathjak107 wrote:what a crazy day today . with assets lately acting more correlated than uncorrelated it was a hell of a day for the butterfly , except to the upside for a change .
my portfolio moved far greater than even a 100% equity model i track . with the exception of a downward move my portfolio made pre butterfly during brexit this was the 2nd biggest move ever dollar wise that i had . at one point the butterfly was up more than 30k in this one afternoon .
great when all assets act correlated and move upward for you but it gives you an idea of the downside damage that it can inflict as well under these new conditions of correlation for all the assets that we seem to have lately . .
Is 30K a lot or a little? We usually use percentages to communicate gains or losses.