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
23,428 Blog Posts

DON’T BELIEVE THE CALENDAR. IT’S A LIE!

We are actually in October of 2011. Anything said to the contrary is complicit with the great lie being thrusted upon us.

Trade Accordingly.

Enter Decadence
Thu Oct 6, 2011 3:48pm 78 2,859 views

Fuck it. I am riding into tomorrow with all of my positions intact, with exception to TNA. I sold that shit because I have a brain in my skull.

Barring some Twilight Zone type of late day trading action, I will make about 4.5% on my money today, pushing YTD gains north of 11%. I sit here, like a greedy little boy with chocolate all over my face, wanting more chocolate. I want more chocolate and I want it now!

This is where I make my year or squander it. When I say “squander,” I do not mean disastrous lightening bolts will strike my face tomorrow. But if we get a down 300 open tomorrow, my gains will be muted and my momentum staggered. But if I am right. Oh, if I am right, it’s champagne and beluga, Bordeaux and howitzer exhibitions, totally demolishing my neighbors’ homes. Fucking cannon balls on fire, piercing their fucking lawn furniture.

I should be selling today; but I want more. No one gives a fuck about your opinions, son. Take notes and get out of my way.

“The Fly” wins all the time, even when it appears he is being obliterated. Never forget those words. Ever.

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

34 comments

  1. nocturne

    As a member of the working class, I sure do appreciate that IBC upped it’s game these past two weeks by sharing timely posts. TY

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. it is showtime

    Squish-the-fish! Squish-the-fish!

    whoops wrong blog

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

    Thought I should mention I went long FCX at 9.80 after numerous mentions from the comments in your quarter end blog post last week. HT to the dude, tmoe, gappingandyapping, and Prometheus

    All my holdings are long term and I felt like this was as good a place as any to buy in. Wasn’t expecting 20% in a week though.

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

    fly, i know you are french press or whatever only now, but i need a keurig because i’m lazy… any idea which is best bang for buck? just need one to brew 1, maybe 2 cups per day max…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. the dude

    6.2% return for the day from shiny rocks. MOAR.

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

    No.

    2011, 1998, 1993, 1987, or any other year you care to pick is totally irrelevant. The debt load – in all its facets, globally – is far beyond any historical precedents.

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

    TC just bought me 25,000 rounds of .223 THANK YOU TC!!

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

    If you people are nit collecting guns and stockpiling ammo I feel sorry for you. ITS REAL!! and YOU “ARE” part of the end times.

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

    China and Russia coming together is Bible Prophesy. Laugh at me now. Cry about it later.

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

      How come guys with lots of ammo can’t spell?

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

        They’re probably just too practical to worry about being so pedantic. Either that or they’re from Texas but same difference.

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

        LOL!! Never could spell I used to care. until I did some research and found that many people just can’t spell well. so I gave up caring about it. unless I’m writing an important letter

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

          I can read like hell. You would think spelling hampered reading but you use different parts of the brain. They are two completely different functions.

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

      Yes. Now only most people believe in magic. And most would be better off herding goats than whatever they are doing now.

      Has anyone read the book Sapiens? Great book.

      Sapiens: A Brief History of Humankind

      http://www.amazon.com/Sapiens-Humankind-Yuval-Noah-Harari/dp/0062316095/ref=sr_1_1?s=books&ie=UTF8&qid=1444170892&sr=1-1&keywords=Sapiens

      It is a history of humans. The author thinks that humankind’s success at propagating all over the earth, is due to the development of the brain to the point where it could create and believe in complex fictions, e.g. religions, that would bind people together to form large bands of tribes, cities, and nations.

      Before that, there were only small tribes that had much less power to survive & thrive. Once people bonded together in huge groups that all believed in the same guy in the sky, then the sky was the limit. And sky cake was served.

      https://www.youtube.com/watch?t=23&v=55h1FO8V_3w

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  10. Marc David

    I do like me some October TNA

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

    The bible was written by marginally inspired goat herders, back when everybody believed in magic.

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

      Whoops. I replied to you, pb, about goat herders, but somehow I put my reply up a couple of comments above here.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  12. J Adabese (your pen pal)
    J Adabese (your pen pal)

    “But if I am right. Oh, if I am right…”

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. matt_bear

    there was an option whale that bought $2m worth of front month XOM calls last week.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. tradingnymph

    LOL, on that old post the USD was getting bitched slapped with QE. This was my thoughts on that post…..
    Trading_NymphOctober 6, 2011 at 4:15 pm
    Cable closed RIGHT on its Gap. After Me and my US Dollar getting bitched slapped for the last three days, I going to call China and remind them that all this QE money out of England is going to mess with their inflation problems and it is past due for another rate increase..and they sooo love to announce rate hikes during their vacation period. Screw QE induced rallies…one day we will have to pay the price.
    frankyOctober 6, 2011 at 10:39 pm
    do you ever close a position? are you green on the shorts or bleeding out? just wondering how you trade. tia
    Trading_NymphOctober 7, 2011 at 12:41 am
    Franky, I hedged with gold so I am about sideways. I lost a lot being long in energy in Materials and energy in 2008. At that point I became fixated on how good companies can be sold off hard. I have been holding a short on Materials and the Euro since 2009, I added short on China in late 2009. VXX and Faz came in after i started hanging out here. I am not planning to close positions until my Copper Bubble brings copper down under 2.00…many pay huge amounts of money for the education I have been getting. Its priceless imho.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  15. ironbird

    Norm MacDonald was the tell. $YUM is China, Supposedly.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  16. teslawasright

    cleanse da kidney Fly

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