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
23,433 Blog Posts

A Fine End to a Treacherous Week

About ten years ago I had a client close out his account. He was taking a position at a new company and due to compliance concerns, he needed to consolidate his brokerage accounts. Many people in my industry get vindictive when accounts are closed out, often ‘full boating’ clients on the way out, as a bad faith gesture to fuck off for closing the account. I’ve always done the exact opposite, charging nothing to leave, a gesture that communicated my appreciation for the years of business that this person entrusted in me.

Who knows if this person remembers what I did or not? The important point is that we left on good terms, because I chose to take the high road and not the petty one.

I will have you know, this person is now my largest client.

Don’t burn bridges people. Many of you are too stupid to understand that networking between people is the most valuable asset we have, other than time. If you are an intra-vert, oddballish around other humans, you should take public speaking classes or learn how to not be a pussy around women.

You’re all going to die within a few short decades, so you might as well go for the prize now.

In other news, The PPT wins again. Ask somebody.
PPT

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30 comments

  1. clegger_2000

    Networking; https://www.youtube.com/watch?v=QsC-p-kvwEk

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  2. fryguy15

    It is paramount for men to not be pussies around women. In the end, women are the only reason we are alive and productive.

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    • duckkell

      Half the $$ and all the pussy………sure as death and taxes

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    • cat

      So true fryguy. Women are the only reason you are alive and productive … and we are great custodians for your credit cards too.

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      • Dr. Fly

        They are great stewards of your lifetime earnings.

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        • fryguy15

          Can you imagine a world without women…? All of civilization would be reduced to bands of thugs killing each other for whatever food was left. No one would have any incentive to do anything else.

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          • garbage is good food for two
            garbage is good food for two

            Fuck her right in the pussy!

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          • controller

            I was thinking how nice this thread was until garbage chimed in.

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  3. ctb007

    Dr. Fly
    Was this client of yours a good client before he left? Meaning did he follow your advice and was he pleasant to work with? Would you full boat a client on the way out if they were an asshole? Just curious to hear how you interact with other humans in person versus over the internet. Many thanks for the awesome work you do here!

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  4. jon v

    “NON Solo
    July 18, 2014 at 1:36 pm

    am I crazy for going long TZA right now? IWM is still under it’s 50 day MA”

    Didn’t you buy AMD before earnings yesterday? Yes, you did.

    Do yourself a favor: buy LEJU. It’s the next Zillow trading at a fraction of the cost

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    • NON Solo

      July has been horrible, lost everything I made in June, and then some.

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      • jon v

        Sorry to hear that. The Russell 2000 dropped 7% in 2 weeks. Now is not the best time to be buying TZA. Sorry.

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        • NON Solo

          Thanks, my thesis has been to get bearish after the Ali Baba IPO in early August, but this whip sawing in July has got me reconsidering to get bearish earlier.

          By the way, do you recommend Interactive Brokers? Their commissions are only $1 per trade for stocks. I am currently with Options House at $4.75 per equity trade. Who do you use?

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          • jon v

            Alibaba will IPO no sooner than mid August. Who cares what broker you use? Just pick good stocks.

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          • NON Solo

            Jon, what about the double top that has formed on IWM? It hasn’t been verified, and it could be a fake out, given what happened Friday, but it’s very much still in play.

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  5. blackalgo

    Still holding RUBI Fly? Or did you cut your losses there?

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    • Trent J

      Gotta think the PPT will signal an oversold on this one shortly.

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      • blackalgo

        hard to say it isn’t oversold as is… roughly 15 consecutive down days and a 33%+ drop over that period. That’s oversold.

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    • Dr. Fly

      Still in

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      • Trent J

        Well Sir Fly himself designed the PPT so in this case, Fly takes precedence and I stay in.

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  6. NON Solo

    July has been horrible, lost everything I made in June, and then some.

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  7. blackalgo

    Added to my TWTR position at lows today – loving the pivot that is forming.

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  8. Good Shepherd

    Well done good sir. It is about time to re up the sub that I let run out.

    In related news, the world will wake up Monday full of hope and eager to take in a full helping of risky stocks. Rug pull Yellen may ultimately be correct, however the greater fool has not yet had his fill.

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  9. speerothekid

    Don’t burn bridges often, but when you do, go full nuclear airstrike, outer space cannon death star laser beam, drive by on bicycles, then running defecation on the remains.

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  10. sia

    Fly, what I hear you saying… is that you want to connect with me on LinkedIn? Lets do it! I am already connected to Mr. Kohler (but then again with 500+ connections, who isn’t).

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  11. garbage is good food for two
    garbage is good food for two

    CSIQ is forming the two fisted double twisted jack blow head job and shoulders handle with no cup on a quadruple top (and bottom) four sided triangle flag on a pennant with a potatoe(sp?) wedge in the gap triple titty top round bottom pattern.

    Or it may just be a good company – long.

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  12. Narredwhal

    It is common courtesy full motor boat female clients.

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