
Today I want to talk about a bond that went bad…Yesterday evening, several X accounts started claiming that Iran had issued a NOTAM and closed its airspace. By morning, the market was sitting at 98 and a ton of people were bonding it for that quick 1-2% gain.Later in the day, Iran’s aviation authority came out and dismissed the claim. The market flipped hard. Some bonders got wrecked and lost big money.Look, I still believe bonding is great and you can make solid profits with it, but you have to be extra careful. Use proper money management and don’t hesitate to sell at the first sign of trouble.
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