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

Tossed a Hedge on the Grill

The purpose of a hedge is to limit downside, not so much make net gains. The problem with hedges, especially if you’re in stocks that have a negative correlation to the market is you might lose in the hedge and the stocks — because your portfolio is nothing more than a subhuman piece of shit small cap train wreck.

I bought TZA, nonetheless, in spite of the fact that my discretionary holdings are of a wanton perfidious varietal.

God willing, the government will shut down and never open again. We’ll toss it onto the blockchain and live happily ever after.

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9 comments

  1. edge

    I bought some puts yesterday that expire next Friday. And I just sold CNET WATT RIOT PPDF and some UDOW. For me, the weekend has started. To the tavern!

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  2. cancel19

    I’ll just sit tight and BTFD.

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  3. clock

    Fly says…
    ……“my discretionary holdings are of a wanton perfidious varietal.”

    Let me think,….a wanton perfidious varietal.

    Oh i like that…

    Sounds a little gay;
    but if it works…. o(^_^)o

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  4. thehouse

    I’d argue gay is this but what do I know:

    o(^_^)o

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  5. og

    These games of Chicken are getting old.

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  6. sia

    I haven’t been to this blog in a long long while. Questions for people (1) is Fly back to actually investing money? (2) has he stopped posting idiotic political commentary?

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    • numbersgame

      Investing is Exodus. If you want to specualte on cypto plays and samll-caps, this is the plAce.

      Politically, Fly has realized the error of his ways: Trump is not a 3D Chess player looking to drain the swamp, but is just a moron looking to make a buck. Therefore, the political spiel has been much toned down (but still pops up occasionally, especially in the mosh pit).

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  7. dae42

    TZgAy

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