Methodology: each issue's direction is a live signal — long/short opens or holds a position, neutral means flat, and every direction change opens, flips, or closes it. Returns are direction-aware (a short gains when the price falls) and compound across positions from first observation to the latest issue. "Price move" is the stock's own raw change, shown separately. Neither represents actual portfolio performance.
Brief History (14 issues)
Up 2.85% as the inverse 3x of the Nasdaq's decline, RSI 63.1. Yet price sits ~24% below its 200-day, a direct illustration of structural decay — intraday hedging only, never a hold
A +5.7% hedging cameo — tactical event-week protection only; decay forbids holding
Crushed -5.6% by the rebound — inverse leverage is an intraday hedge, not a worldview
Up 4.65% to $42.79, +11.2% on the week — the Nasdaq hedge finally paid. But it's a fire extinguisher, not a fireplace: one rally candle torches a week of gains
Up 5.0% to $40.89, the bear week's trophy — though inverse-leverage wins only ever belong to day traders
Up 0.8% to $38.94, small win on a small Nasdaq dip — still strictly an intraday hedging tool
Up 5.7% to $39.95 on the bears' day — inverse leverage is a day-hedge only; holding overnight is working for the decay
Down 0.8%, the inverse Nasdaq bleeding on, 3% off 52-week lows — hedging demand found no case this week
Down 4.9%, the inverse Nasdaq badly wounded on tech-rally day; time to turn the page on the hedge
Down 0.7% as the inverse Nasdaq bled on chip-bounce day; use the hedge and leave — don't develop feelings overnight
+4.2% the chip-rout hedge; an intraday tool — no overnight holds before a confirmed reversal
-4.2% 3x Nasdaq short; an intraday hedge in a rebound, don't linger before a reversal
3x Nasdaq short +5.5% — an intraday hedge for the chip pullback; don't linger without a confirmed reversal
Hedging tool only (e.g., covering through earnings weeks); holding it in an uptrend is slow bleed