iBankCoin

Sold Out of My Losers

I booked an immense loss in UVXY and HMNY — two of my worst ideas for 2016. They were emotionally driven and fucking retarded. Also, I sold MARA and FIZZ — all for tax purposes. Since I made ~30% in my quant driven portfolio in 2017 and a lot more in my discretionary, thanks to last minute crypto proxy plays on crack, I could afford to humble myself with these gracious sales.

I’ll have you know, Le Fly isn’t immune to the pangs of stupidity and on occasions delves into the black arts of gambling in the market. These sordid forays will cease to exist in 2018, as I intend to only invest in winners, eschewing losers for low level tiered fuckheads on StockTwits or Twitter.

I haven’t bought anything with the proceeds, but I’m actively looking.

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7 comments

  1. mensch

    MJX bro

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  2. tonka

    There is a martingale strategy that works for $UVXY. Deep OTM put options 6-12 months out after a reverse split.

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  3. bushwacker2

    Bitcoin 1,278%; Ethereum 7,606%; Ripple 6,648%.Yes, it’s been a wonderful year.

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  4. drdart

    So the FIZZ dream is dead?

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  5. husaria

    Looks like $UVXY is poised for rebound. Great timing?

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