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
23,452 Blog Posts

Momentum Stocks Take the Day Off — But I’m Still Winning

It would be nice to take the day off from winning. The saltiness of loss and is a flavor worth tasting, in order to truly enjoy the sweet taste of success. But I sacrifice for you, the unwashed reader pleb, winning — day in and day out — because I am selfless in that regard.

Case in point, early this morning I stepped in and bought some Shitspotter (SSTI) in the $33s and now it’s in the $36s and heading higher. Most of the high beta stocks are diving lower today. My Bubble Basket is off by 2% and many a high beta name is off by 4%, including my ZEN.

But I also have a position in PS and it’s bucking today’s trend and pressing higher. All in all, my losses are minimal — thanks to my smart positions.

The only sectors working today are in oil. If you’re trading high beta stocks — you’re not enjoying life right now. But have faith in knowing that losses in high growth areas of the market are temporary phenomenons, likely to dissipate within a day or two.

Find your favorite stocks. Put them on a watchlist. Buy them.

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2 comments

  1. it is showtime
    it is showtime

    Remember, the blastoff leg in january (…contrivance…), came right before the breakdown 1000 pt drops

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    • wolfdaddy

      Maybe, you fucking imbecile, the economy is getting better and the run continues. Enjoy 7 more years of Trump. How many years are you going to be a loser waiting for your stupid 10% correction while everyone gets rich?

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