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
23,446 Blog Posts

Now Would Be a Good Time to Book Gains

I feel like one of those caitiffs who I poke fun of for being in a seemingly permanent state of cowardice, always juxtaposing loud talk against a backdrop of useless, endless, rants of neutrality. For those of you who know me, you know that to be bold is something I am rather fond of.

Forthwith, I sold out of 1/3rd of my SPY position, as dictated by Exodus. This trade was a great success and I am very happy to have taken it. More so, I am even happier to be taking over 10 points of profit.

Let the markets do what they must. I have little interest in the minute machinations of the day to day anymore. For now, I am entirely focused on the bigger moves, the macro. Truth is, I no longer possess the time, nor the inclination, to bother myself with micro strategy calls, performing clownish acts of genius for an otherwise ungracious and obstreperous audience. Moreover, since it’s my firm belief that markets will reel from catastrophic losses by the end of 2016, I feel the best course of action is the one I am presently undertaking.

By the end of the week, I will be in a 75% cash position, only long TLT.

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10 comments

  1. anjing bau

    by the end of the week you may be able to acquire more shares for the ARK at 126.00. Congrats on your SPY trade Feb is more of a success than Jan by the looks of things for you….

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  2. daluke

    Booked yesterday, sir. PTTP told me to

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  3. toad37

    As dictated by exodus and shared free here as usual. Not complaining, just wish I knew this before paying.

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    • Dr. Fly

      Duly noted. I am going to heed your advice and stop doing so.

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    • thegametheorist

      thanks, now my 3 figure account will go to 0 without exodus.

      and if I was to pay for exodus, my 3 figure account would go to 0 after 6 months of subscription. either way, I lose.

      thank you toad37 you mother freaking hero among men.

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  4. braveflaps

    THE LONGSHANKS.

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  5. infinitezuul

    Agreed. Let go of my calls.

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  6. levrage

    Like we used to coach our little league pitchers: no need to get fancy, just throw strikes.

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  7. brvalentine

    Forest as opposed to the Trees. You’re going to crush it this year, Brutha.

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