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
23,445 Blog Posts

MARKETS ARE GETTING LIT ON FIRE; PANICFAGS TAKE LOSSES AND SASHAY OUT OF STOCKS

If you’re buying here you have an incredible amount of self-confidence, believing that you could defy the market Gods and bank coin in spite of the malevolent trading pin action. I’ve never been one to go against the will of the Gods, as such I’ve amassed a great big fortune filled with cash.

I did three things this morning.

1. I sold SOXS for a 9% gain.
2. I sold CURO for a 9% gain.
3. I sold BSTI for an 11.5% loss.

Those are the breaks. Take those fucking losses fast and often. Be proud of your losses, as you are removing the cancer from an otherwise fine portfolio of stocks.

The balance of what I have left in my “portfolio” is being lit aflame by market forces. But what else am I to expect while the Nasdaq is off by 120, Dow by 300. This is part and parcel of investing, the good with the bad.

My only hope is for markets to get so bad all of the advisorFAGS get washed out of their ETF portfolios and their clients leave them after finally realizing they’re literally paying them for nothing at all.

Over in Exodus, we’re actively scouring for ideas and will act fast should the tape improve. I do text alerts for trades now — because I seek to harass people via their mobile devices in addition to their email boxes and social media platforms.

This is a good day to relax and enjoy the carnage. Be grateful you have Le Fly steering you in the right direction and have confidence in the idea that all is not lost, just temporarily disjointed.

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One comment

  1. kidstock

    Margined to the gills in SQ

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