Wake up bullish AF. Toss on long trades in the morning, boasting and shit about how you’re gonna buy more. Sashay hard into triple upside ETFs — feeling like a fucking champ.
Later on, bear witness to rally soil itself. Triple upside ETFs become shit. Think the reversal means certain doom, so you sell out and book 2-5% losses on the lot.
Markets continue lower, so you dive into TVIX and TZA. Shit reverses almost immediately and the trade war won again. You panic and book super fast losses in TVIX and TZA, 5% and 2.5%, respectively.
As soon as you sell, markets collapse again and the stock Gods smack you in the face with their cocks.
All in all, because of my allocation limitations, I drew down 100bps because of this chicanery. It could’ve been worse and I definitely feel like going short now — but I’ve lost the right to do anything today — because I trade incorrectly inside of the FAGBOX. I stepped in hard, almost sideways into it, thinking I was immune to the horrors of it, and ended up fucked, forked, radish.
UPDATE: I could not help myself. Long SQQQIf you enjoy the content at iBankCoin, please follow us on Twitter