What a frustrating market to be in, right lads?
This is a wonderful tape. Get the losses out of the way — humble yourselves upon the altar of a market in flux. It’s never easy to trade the chop, especially at the bottom of a channel. It’s possible we blow thru and fade into oblivion — but it’s not likely — fuckers.
Here we are, important men of industry, rich and thin, beautifully BARRELING towards Xmas festivities. This isn’t the occasion, nor the time, for a market crash. Check in with me in January and I will side with your bearish bets. I do believe markets are near disaster and only a miracle can save it.
If you’re shorting stocks now, after the action of the past three days, you deserve to die.
If you’re heavily long stocks here, after the action of the past two months, you deserve to die.
What is a gentleman to do?
Trade with both honor and decorum. Do it small, like the size of your cocks. I am in a 35% cash position, 15% TLT, a bunch of gold. Only ~30% is allocated towards stocks and I intend to increase that level, should technicals improve.If you enjoy the content at iBankCoin, please follow us on Twitter