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
19,613 Blog Posts

Smoked in Dope — Markets Cheer on For Others, But Not For Me — God Damn It

What a bad trade. I had purchased TLRY the other day at $112 and it went to $140 the very same day. I didn’t sit there — I presided. Me and my big long face, presiding — gazing down on everyone, smugly, and chiefly. I walked with purpose and punched those in the mouth that had it coming. I was part of a drug cartel, an investor mind you, and I was seeking to destroy others who bet against me.

Yesterday earnings came out and they sold a lot of kilos, but it wasn’t enough. I just sold the stock for a 9.5% loss. Now I’m downtrodden and reminiscent of the days when I knew it all, the man with the long face kicking dirt at everyone else.

Markets are up, but they’re weak. I’m ~45% cash and feel like I need more. I feel like my stocks aren’t enough and that I either need to change them or add more. This is the type of thinking that gets people in trouble. The constant desire to do something is flawed thinking. Sometimes it is what it is — a bad day. Sometimes you should just eat a sandwich.

The good news my quant portfolio is +70bps.That’s where I keep most of my money. The bad news, I own DOCU, LABU, TMF, OKTA, and MOS — which are all down. My only saving grace, god damn it, is SOXL and even that is being a poor sport. This might be one of those days when everyone else is jumping rope in the sun, dressed clean and well, while I’m on the fence with my ripped jeans and mud stained shirt hating on everyone else for being beautiful and happy.

Long faced man signing out for now.

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14 comments

  1. acehood

    Buy natural gas. Apparently it gets cold this time of year.

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  2. jbandy

    The “reverse head-and-shoulders” pattern TA retards were out in full force this morning calling for a rally.

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    • oilerua

      TA is not even more looked into contrarian trading & anal-fuxsys

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      • numbersgame

        I admit that I make a lot of typos, but seriously WTF are you talking about?

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        • oilerua

          about the fux ( the fuck ) that TA is not rilevant in today environment/s , both on a regular pc screen and on an upside down pc screen ; moreover then not , it’s used to trap bull/bear autotrade systems

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          • numbersgame

            Technical Analysis will always be relevant, simply becuase it creates a self-fulfilling prophecy. If enough people beleive in it – and more importantly, if enough algorithms built on back-tested data trade using it – then trades will be made based upon price levels, etc.

            Now, I don’t know about head-and-shoulders, etc, but triangles and horizontal resitance/support levels play out as predicted every minute of every tradign day with a much higher success rate than can be attributed to pure probability

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          • oilerua

            sure

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          • oilerua

            on the other hand you write like an out-of-date bot , just fyi

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  3. oilerua

    long dick slap on your face

    liquidation occurs before blurbles reflaxreflation

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  4. bronze28

    TLRY coming back… chart looks more constructive.

    BUY BACK FLY WITH A STOP AT THE LOW OF DAY; 100$; URGENT.

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    • bronze28

      BUY CGC WITH A STOP AT LOW OF DAY; already took a hit; big boys know that it is the next Q that counts; also 4 billion $ on hand from Constellation.

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  5. bronze28

    well , the fuck did you buy back in?? show us you have some cahoones; TAKE IT LIKE A MAN AND MAKE SOME $$. don’t let us down!!!

    and thank me later. NEXT QUARTER IS WHAT COUNTS; AND market will rally soon to Christmas

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  6. bronze28

    CGC;TLRY; both down identical %; fucking algos

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  7. jbandy

    Stay on the short-side and have some conviction. You recognized that we are in a new environment, but still try to catch every 1 or 2-day counter-rally on the long side. It will never work consistently–the winning trade is betting on more downside over the intermediate-term.

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