Go For Broke

Monday, January 31, 2022 -- $78,405.13 (+$9,310.66, +13.48%) The portfolio had a very good day today with both KIND and Ethereum rising significantly.  I sold 2 Ethereum, leaving 6 left in the portfolio.  Depending upon what happens with KIND, I might increase the size of my position tomorrow.

Friday, January 28, 2022 -- $69,094.47 (+$3,107.82, +4.71%) As you can see the "Account Warning" ("margin call") message has disappeared.  This is because I sold one Ethereum to satisfy the margin deficiency.  Although still dramatically below its inception value, the portfolio had a good day. In order to make this blog more efficient and less repetitive, I am only going to be updating it when something happens that directly affects the portfolio, such as purchases or sales, or option expirations, or if there is something else that I would like to write about.

Thursday, January 27, 2022 -- $65,986.65 (-$4,799.46, -6.78%) And the beat goes on with KIND continuing to drop like a rock, and with a further demonstration of the dangers of leverage on a portfolio.  As you can see, due to the leverage, there is an account deficit which will need to be resolved, either by depositing funds to the account or by selling some positions.  Fortunately, the deficit is just over $1,000.  However, if the portfolio continues taking it on the chin, the account will require further liquidations.

Wednesday, January 26, 2022 -- $70,786.11 (-$2,710.43, -3.69%) Another record-breaking down day courtesy of my KIND position which as been very un-KIND to me.  

Tuesday, January 25, 202 2 -- $73,496.54 (-$6,296,93, -7.89%) Yesterday's gains, and then some, were all wiped out during today's slump.  The portfolio is, yet again, at an all-time low since inception.

Monday, January 24, 2022 -- $79,793.47 (+$5,000.72, +6.69%) As you can see from the portfolio, over the weekend I repurchased 9 Ethereum, but that investment has already dropped more than $800 in just two days.  KIND, on the other hand, has been rather kind to the portfolio and had a nice jump today, a day which saw the broad markets down at the opening bell but came back to positive territory by the end of the trading day.

Friday, January 21, 2022 -- $74,795.75 (-$11,644.96, -13.47%) A lot happened today!  As is evident, much (all) of what happened was not good.  The market began crashing yesterday evening so I dumped all of crypto at significant losses.  Then KIND dropped, and because there was insufficient funds in the portfolio to pay for the exercise of all 400 option contracts (40,000 shares), Robinhood went ahead and sold 251 option contracts.  When the broker does a liquidity sale, they do a simple at-the-market sale which tends to work out badly when it is for option contracts which are lightly traded, such as KIND's options.  Well, the net-net is that the portfolio had its 2nd largest percentage daily drop and is now at its lowest point since the inception of this blog.  We'll see how this shakes out next week.