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
23,474 Blog Posts

Never Trust a Convicted Felon

This market is a proven thief and a rapist. It’s very nice to see futures up and TLT in the dirt this morning. However, let’s not pretend the game has been won. The market hasn’t even opened yet, so don’t celebrate wins that haven’t been realized.

Speaking of which: take those profits. Don’t pay attention to what anyone says, including me. When you’re up 10%+ on a short term investment, consider taking some coin off the table. For months, maybe even a year, this market has defecated on long term investors, and swing traders alike. Only the degenerate day trader has thrived.

That being said, I am in immediate need of a pornographic win. The small wins are for the rats, the sneaky creatures nibbling on the tip of the corn cob when no one is looking. “The Fly” eats the whole corn, not just the niblets.

Fuck 3-D printers and stay focused on where the winds are blowing, not just the wind.

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5 comments

  1. zuul

    I hear this.

    Was up over 100% on an option play [long spy calls] heading into the friday before last, let it ride because qe, and took a 20% loss.

    Best advice currently is the advice you just gave re: take the coin off the table and cut your losers quickly.

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  2. djmarcus

    PPT wins. Again. Officially.

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  3. frog2

    Thanks Fly

    I Bank Coin Dot Com is my fav website

    That is

    I Bank Coin ……………….
    …………

    DAT CAM

    I’ll save it bookmark it and pass it along

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  4. ho_chi_min

    simon adabeSI

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  5. matt_bear

    i’ve been a VERY patient sniper so far this year. tough to do though. i’m trying my best to sit quietly, stalking the perfect kill instead of firing from the hip at anything that moves.

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