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
21,250 Blog Posts

Bumbling Failures

I’m not hating on anyone, believe you me. I have enough of my own problems than to worry about yours. But I want to correct (Extra Delbert Grady) some of you road slobs out there, servile and vulgar creatures seeking attention about the internets.

Stop fucking trying to teach others through your failures. I see this shit a lot and I’ve might’ve been guilty of this, perhaps once or twice, throughout my illustrious internet career. Bog standard, I am “The Fly” and you’re just some booze hound in the shit class. No one wants to hear about your mea culpas, post mortem nonsensical rabble. I will fucking kill you, in real life, for telling me shit like that. You say that to me, on Jupiter’s Stone, I dig into my bag of hammers and split your skull in two!

Let’s hear about your winners, and not the step in shit varietal during a spastic earnings lotto victory.

Naturally, I am surrounded by sub-mentals and all you’re ever gonna do it cite moving average this and breakout from the asscrack that. You know, the world of investing wasn’t always like this. The internets turned every fucker with access to electricity into a technical analyst. When I was starting out, 9 out of 10 brokers spent his/her time after the market closed either getting inebriated or slaving over a bloomberg terminal. When researching, people never gave two shits about a consolidation off the deep-end of a cock-ball. All people looked at was fundamentals and relative strength. When you got on the phone to talk to your investors, you never sold stock based upon some god damned breakout past the elbow of a trending homo-flag. No. All you did was tell a nice, flowery, story, crossed your fingers, and hoped to dear God he paid for the trade before the stock went lower, otherwise you got hit with a reneg and your ass was toast.

Seriously, this culture of failure has got to stop. You’re an American, god damn it. Your country is blessed with the power to exterminate all forms of life as we know it.

Act like it!

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14 comments

  1. vandamme

    Hear hear!

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  2. rahagar

    I only buy when a stock breaks above Georgia coastline out of a Land of Dixie consolidation. 100% success.

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  3. evilspeculator

    Having a bit of experience with the subject matter let me point out that none of it really matters as it won’t stick. You can talk about trading psychology, technical stuff, your own approach/systems until the cows come home. 99% just come for free stock picks – drooling idiots and blood leeches that they are. Even worse – you could hand most retail monkeys a f….ing crystal ball and they still would manage to mock it up. So know thy audience – and I’m not surprised you’re just having fun with it. I’m for one am here for my daily dose of smack down.

    These days I simply focus on low risk opportunities – that’s all I’m pimping and it’s understood by the people I care about. The spectator to player ratio has always been huge in this racket but in the past few years it’s exploded. Which makes it better in some ways – less idiots to waste one’s time with and more time to focus on the few who may actually cut it and survive.

    Peace.

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    • Dr. Fly

      What a profound essay of a comment. Well thought out and edited. Clearly, you were raised in the traditional manner, most likely a North eastern corridor of the United Steaks upbringing.

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      • evilspeculator

        You’re just slightly off – I was engineered and hand delivered in Germany but raised all over Europe. Wound up living in the U.S. for 20 years so my command of the English language is tantamount to that of a lingual yard sale, meaning I roamed the streets to harvest cheap comments and easy laughs from the natives.

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    • Option Addict

      +1

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      • evilspeculator

        Hey there – long time no see! I trust you’ve been killing it in the past few years – as always 🙂

        Ladies and leeches – I consider OA the best stock picker ever – you are NOT worthy!

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  4. speerothekid

    Funny – I’m actually tired of the “I win every time” pumpers, but they’re always around, and they’re always liars.

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  5. biffer

    Most of my winners last 2 months are bio.My bio watchlist is 90% green today.Sold CLDX(Nice win too) today.Are we getting bubbly?

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  6. rosenrush

    Although I know you despise it, I bought $DWTI at 106.98 this morning and sold it off in pieces at 111.50, 112.05, 113.05, and 113.25, with the final piece stopped out on the way back down at 110.

    I was able to succeed on this trade because I learned from past mistakes trading this insane vehicle. But I don’t focus on the losing, I just take lessons and move on.

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  7. sia

    I have given up trying to trade in anything for more than a day. I know, that probably sounds crazy to most people, but my personality and trading style don’t fit it (read this as consistent losses). Instead I just daytrade, find fast moving + high volume stocks as quickly as possible and try to capture some of the move, either up or down.

    Examples of todays trades: short VXX for a loss, long BABA for a very nice win, long VXX for a win, long FB for a win, long BMY for a win.
    I have the occasional semi down days / blow ups, but so far I have not had one down month in the last 6 months, which is nice. Also this strategy does not scale that well (past ~$200k/trade) due to liquidity issues.

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  8. J Adabese (your pen pal)
    J Adabese (your pen pal)

    #Oil for the win.

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  9. teslawasright

    It’s all about the microbiome Le Fly

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