I've been running a slim book for weeks and I'm still down 10ish% on year. I had an ITM SPY Jun put spread (large amount) I bought in early Jan that I did a calendar spread WAY TOO EARLY for Apr (335L 290S). I spread on the first day vol exploded on the decline. I've felt like I've done plenty right but TINY positions I paired down early have hurt (ATRS and a couple gold Jrs I had doubles in).
This market is tough and uninvestable at VIX 82. I think there is a massive VAR problem with big players around the globe from all these years of very low rates. So much leverage that's unwinding. There is so much bifurcation in the market it's crazy. I see tremendous value in areas but they drop 20% in a day. You can buy U.to at a massive discount and I uranium spot is stable and likely going higher over coming 12 months. There are too many stocks to name. I'm wondering if this is the beginning of a fade in passive management...we'll see.
Market is trained to expect V bottoms and central bank bailouts. I'm not so sure it plays out that way this time.