iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,417 Blog Posts

A Good Day to Profit

As you slumber about in your studio apartments, scrounging about for a piece of toast and coffee, you should consider selling out of some of your early winners, if only to demonstrate a bit of constraint here. It’s true, I am still reeling from 2012, a disappointment of shameful proportions. It’s going to take awhile before I am able to invest with the sort of graceful carelessness that I once exhibited in these halls. The first step to recover my “swag”, as some of your fellow housing tenement friends might say, is to win a few trades.

Gold and silver are misbehaving, same with bonds. There has been a flight to risk in early 2013, but it won’t last.

I will likely raise cash to 35% today.

If you enjoy the content at iBankCoin, please follow us on Twitter

24 comments

  1. 99 longs 1 short
    99 longs 1 short

    cash, smash

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. TraderCaddy

    Chips in pre-market looking good.
    Global Sales figure pretty much in line.
    Lots of bank calls today. Some + some -. If the negative calls hang tough early and turn around it could be a Bank day.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • TraderCaddy

      Forgot to add that PM stocks could bounce here (day trade only). NEM,ABX,other majors took their hit yesterday and aren’t down all that much in pre-market. Considering the hit to the physicals they look good on a relative basis. This is the way the twisted play this game with them.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • Cascadian

        NUGT with a 9–

        • 0
        • 0
        • 0 Deem this to be "Fake News"
        • TraderCaddy

          NEM tells me to be careful with NUGT.
          Been a long time but I see AAPL ticking down while financials hanging tough on the upside. Don’t know what it means (if only for a trade) but I trade what I see.
          Like UYG (2x Financials) as FAS spread and bipolar actions gives me a headache.

          • 0
          • 0
          • 0 Deem this to be "Fake News"
          • TraderCaddy

            Forgot to add KBE and KRE etfs (regional banks) usually trend well intrday without the craziness of 2X or 3X.

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • TraderCaddy

            As I am bringing in the garbage cans I realized that I got my NUGT and DUST mixed up. Sorry. NEM tells me NUGT could be a good trade.
            Maybe I should put my $$ with a 3rd party and head to Century Village or The Villages for ballroom dancing and Bingo.

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • Tom

            Hi TC, which do you prefer KRE to KBE to trade ? I normally trade bank itself. DUST keep going up.
            I should’ve bought yesterday even already up 12% : (

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • TraderCaddy

            KRE has smaller regionals (many I have not heard of) while KBE has larger cap regional (RF,FITB, etc.).
            KBE does have some BAC, and C but are equally weighted on a % basis. KRE holdings are also pretty much equally weighted.
            KRE tends to trend better intraday on the upside and the downside which is good for a day trader like me.
            KBE is a bit more active.
            Spend some time and just watch the price action relative too C,JPM,GS,BAC.

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • Tom

            Thank you very much TC !

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • The Fly

            I like this more assertive caddy

            • 0
            • 0
            • 0 Deem this to be "Fake News"
          • TraderCaddy

            Had to change my blood pressure meds.

            • 0
            • 0
            • 0 Deem this to be "Fake News"
      • Zero Dark Kitty

        Russell index continues to smoke, best place on next dip IWM – TNA

        Or Russell components breakouts galore on many components of Russell.
        AAPL is not in Russell

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  3. Rollo Tomasi

    In Japan, they call studio apartments One Room Mansions…I like that better.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. bobbin4apples

    Check out LNG: It’s the only co. that is setting up to export nat. gas all over the world. Chart looks golden too.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Ohthe BOMB

      Up 50% in seven weeks – is it up too much too fast?

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • bobbin4apples

        It never hurt anyone’s moneys to wait for a sale but, me thinks it holds $20 if the macro picture is healthy.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  5. Cascadian

    We are off to the races. Get on the bubble, just be ready to hop off when the time comes.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. TradingProdigy

    we are about to go parabolic up for no reason other than we shouldn’t.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Rollo Tomasi

      Vix is at a ridiculously low 13.77, we will grind higher for about a week and then its Merlin’s fabulous 2013 debut.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  7. TraderCaddy

    Not saying it’s going to happen but BAC loves those Fri. PM (when only Tradebots are awake from this dull market) creep ups and surges.
    Watch it with JPM leading.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. MOOBER

    TRADERCADDY FOR TABBED BLOGGER 2013

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. swag codes

    I have learn some just right stuff here. Definitely price bookmarking for revisiting. I surprise how so much attempt you put to make the sort of fantastic informative web site.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. baby bed tent travel

    I think similar online site operators should certainly take a look at this important homepage as a model. Pretty clean and user-friendly style and design, and additionally good articles and other content! You are experienced when it comes to this amazing niche 🙂

    • 0
    • 0
    • 0 Deem this to be "Fake News"