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
23,431 Blog Posts

Always the Opposite, Friends. Always the Opposite

I was outside playing in the street when the rally happened.

ughh

Instead of following through with my plan, I turned into a fucking vampire, called myself a count, and affixed blood sucking bats to the iBankCoin logo.

.

.

.

I’m miserable, dejected even. I had no shorts, only a few gold positions that have become the very essence of moronic design. All that aside, I was supposed to partake in the rally. I set up for it. I plotted and schemed and wrung my hands in a maniacal fashion when thinking of the deals I would steal. Instead, I got this.

It’s all well and good, lads. “The Fly” lives to fight hard another day. I have 45% long exposure and made some coin today. But it could’ve been so much better, sublime even. On days like this, weeks like the previous two, I question whether or not I am fit to manage money. The fear of loss has overshadowed the greed of success. I’ve become so jaded to everything that I see and hear, often times I am paralyzed from executing on plans that I design.

The market took the opposite path of prevailing wisdom, meant to hurt and humiliate the maximum amount of traders. If this logic is to hold true, tomorrow we will dive, inexplicably, by 500 points.

Truth be told, this mood will pass. It always does. It won’t be before long when I am blasting Rick Ross gangster music again, while slapping all of you with hot slices of pizza. Until then, I brood while listening to this, on repeat.

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

19 comments

  1. ho_chi_min

    PUSSY

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

    We all have our bad days. I wager you have far less than most.
    Right now, you’re like a poker player that is up BIG early in the game, and is trying to wait for only the good hands to bet on. But the blinds will ware you down and your opponents will fall to other opponents and grow stronger the longer you wait. Or some BS like that.

    Love the Wonka.

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

      P.S. Besides you totally called the move, days in advance. Thanks for that. You just need a few good margin calls to get in, hope you get them. Or, Fly rage mode will be fun to watch.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  3. surplusdroids

    lol. costanza trade.

    But hey.
    1.) massive drops and swings.
    2.) chinese fuckery.
    3.) all trading stopping on the major exchanges back in july.
    4.) the S and P and credit markets diverging.
    5.) The Fed is going to raise/not raise.
    It’s a coin flip.

    My stones and bones tell me we head back down by close friday.

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

    Well I doubt tomorrow is the day to get long. Ain’t gonna be no V-shape Fly. Get ready to play a range and to pull a rabbit out your hat boss… who’s making money off this shit

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

      We were ranging for 6 months now. Maybe this breakdown was a false break out to the downside? Meaning the real move was to the upside, I wonder if some of the really beaten down ass shit like the 3-D printing companies are going to come charging back?

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

        My suspicions are this plays out, for example, like Aug 2011. Tight Dow brontosaurus, big drop, choppy range, then back up.

        Who knows though? Honestly the best analysis I’ve heard for a bigger correction is actually all the old bible / Illuminati voodoo #923. This could totally all be one big over reaction

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

    Akay
    !- blow up all volcanoes
    2-find a doll
    3-colour it blue
    4- stick pins in it
    5-repeat #4 often

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. frog2

    ‘MURICA

    fuck yea (bang bang bang) *makes pistol with fingers*

    http://m.liveleak.com/view?i=225_1440602498

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • frog2

      PS. he wasn’t having 2nd thoughts

      he was waiting for her to get on live camera

      ‘MURICA

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

    This post is BETTER THAN THE BEST.

    https://www.youtube.com/watch?v=-GwiapXMJU0

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

    You called the drop to the T. I wouldn’t sweat missing this rally.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. frog

    I don’t know about this doing the opposite. But people who predict the market by flipping a coin have a really high rate of success. About 50%. Which is better than most other methods people use for prediction.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • alf44

      .

      I’m workin’ on a proprietary …

      ROCK … PAPER … SCISSORS

      … uhhh … “trading method” !!!

      .

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  10. stockslueth

    Mind the gap.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. vampyr

    Rest. It’s great just closing the blinds (which let in no light) and having a drink; something light and healthy to eat.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. t.c.

    Fly, $BTU up a mere 44% today. COAL!

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