Confession: I Have Zero Long-Term Stock Positions

Author

Don Kaufman
November 14, 2025

Hey Don here,

While everyone's rushing into beaten-down AI stocks, nuclear plays, and quantum names after they got trampled the last few weeks, I'm doing something that shocked my own team in a closed-door meeting: I have zero long-term stock positions.

The market rallied hard today after this morning's selloff. People are calling it "buying the dip." 

But when they asked me point blank what stocks I actually own long-term, the answer was simple: 

Nothing.

I don't even own SPY right now, which I sometimes hold for periods. 

I am not long anything in terms of buy-and-hold positions.

But I'm Still Trading My A*s Off

Let me be clear - I'm not sitting in cash doing nothing. I'm actively running my strategies every single day. In/Out Spreads, Christmas trees, Shadow Clocks, Earnings Flips and Catapult Trades. 

Working with Gianni on the Million Dollar Challenge.

I'm trading around volatility for 30-55% gains. That's different than being long Apple because I think it's going higher next year.

I've got real estate investments and other assets. I'm just not making any long-term directional bets on equities right now.

Why I Put My Own $250K Behind This Unknown Trader

27 years in this business. Employee #13 at Thinkorswim. Helped build it to $4 billion.

Then this quiet farmer from Michigan made me question everything.

IONQ calls when nobody's talking quantum. Up 74% in four days.

AMD calls three days before OpenAI deal breaks. 389% return.

Tesla: 155%. HUT8: 132%.

I put $250K of my own money into a joint account with Gianni. Year to date: up $85,000.

Most traders chase headlines. Gianni spots institutional alignment before the crowd catches on.

Want to see exactly how?