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
23,468 Blog Posts

I AM OUT

I sold out of AG, booking a two day 16% loss.

Thanks for the ride, lady.

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33 comments

  1. speerothekid

    Respect the transparency.

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  2. TheMoustache

    out of curiosity was your stop price based, time based, % loss or did you just not like the general action??

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    • The Fly

      15% was my line. The avg down yest was intended to work today. I cannot allow this loss to get bigger.

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  3. bco

    what happened to that 15-30% run you just talked about this morning? LOL

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  4. Regsho

    Gold is shedding another $50 tomorrow – the bounce is over. Good move.

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  5. Genghis Khan

    Wish you were right about the mean reversion, I was holding some EXK. What has this done to your YTD gains, where do they stand, and do you still aim to finish the year 50%+?

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  6. Bruno

    It was holding up well in the morning, in what seemed to be a bottom, until it broke down. It’s good to stay out.

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  7. bobbin4apples

    $JRCC up today? I might head back into the mine.

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  8. john brown

    you SUCK in fact u suck more than elton john, ricky martin and andy cohen put together you are the fag supreme fly lmao

    dumb ass the trade was to sell short and follow the momo to the downside you dick licking homo lmao

    what a puss please i hope your fellow fags give you emotional support lol

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    • Zero Dark Kitty

      BANNED to North Korea

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      • JakeGint

        Banned to North Korea??

        That was Kim Jung Un!

        ______

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        • thoughts

          fly, consider removing the ban on the posts from the swatter since that ban affects everyone that works on the floor with her, she isnt gonna post any more bs….

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  9. Ohthe BOMB

    I’m IN, buying ACQ the 3X silver leveraged fund at 24.50 today.

    It was over 40 less than a month ago. A .31 Fibonacci correction takes it to 30 in short order, and a 50%-er to 33.

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    • flyaway18

      That’s not the ticker but good luck anyway

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      • Mr. Partridge

        he or she means AGQ …’ fibonacci my ass’ kind of trading…. no luck can help this trader here 🙂

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  10. drbigboss

    oh well, can’t focus on the outcome, only the process. stuff happens and just have to play the high probability trades, which means sometimes they don’t work. I’m sure you’re next trade will be a homerun

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  11. PostApocalypticTrader
    PostApocalypticTrader

    arrest made in bombing. I wonder if he was a COMEX gold futures trader.

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  12. mjolnir

    Old song, ‘John Brown’s body lies a-moulering in the grave………’ Let it be done.

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  13. flicker

    Fly…you will be back again. Very shitty period of time here that will produce epic opportunities. Spit in their eye me boy, you will be the fuckor soon.

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  14. TraderDR

    Ouch, at least you were up 15% before this so it’ll still be an ok year

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  15. buylo

    ref AG, you shoulda tossed a coin and then gone 50% long and 50% short and played this thing to the hilt, dar’s adrenaline going up and down – wowzer!

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  16. Dale Tucker

    I only say this. Like Billy Clinton once said, I Feel your pain! Great site.

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  17. jj

    large marge driving that truck?

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  18. min lev

    2 yrs ago I made decent coin on silver miner calls. Using that strategy last year was ‘head in the basket’ unsuccessful.
    Since then I only buy physical, cash.
    Whenever, the pm decline reverses I will lever up.
    And it will reverse, I just heard that 90%+ of the pm miners losing money at these prices. They are & will continue to cut production, or just plain go belly up.
    On the demand side, silver eagles sales are breaking records every month.

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    • Po Pimp

      I just heard that 90%+ of the pm miners losing money at these prices. They are & will continue to cut production, or just plain go belly up.

      Like all the natty companies?

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  19. RNB

    churn baby churn

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  20. widespread panik
    widespread panik

    Silver Eagles were 29.60 ask TODAY on my best web based exchange for trading PM coins/bars.

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  21. Yolo

    Fly, you are a gong show.

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