I sold out of that CIFS shit for a 25% loss. It’s funny, only because it’s sad. I had a 30% gain in it yesterday, then got greedy, then got REKT. ‘Tis is life.
Towards the end of the day, I bought VIPS, another low brow stock with hunger in its eyes.
There’s nothing bearish in this set up at all and the only reason why I have cash is due to caution. We’re run up big and I’ve enjoyed handsome returns. Before dialing up the pressure again, I want to see how the market responds to this overhead resistance. If the Qs shot above $177, I’d be convinced to go all in again.
Other than that, I’d like to see Apple confirm that business is okay, which would place us in a position to see new highs.
Got to run.
Ciao.
If you enjoy the content at iBankCoin, please follow us on Twitter
What’s the Bureau of Lying Statistics gonna say next-time?
What are they gonna make up?
oscar for Best Makeup
I’m goign to have to get into VIX futures. UVXY and the other ETFs do a sh!t job tracking, even on a daily basis.
In February it follows 0.59x – 0.01
In otherwords, it loses 1% everyday regardless of VIX movement and its beta (to the VIX index) is 0.6 instead of 1.5
vix etf products are garbage. as are the oil etfs like uso, uco. don’t even bother with them for a day trades anymore. price erosion is ridiculous. prefer the tqqq, sqqq, udow etc. for leveraged daytrades. although i only trade those products off of extreme situations and volatility.
So I guess it is risky to buy a stock after a 100+% move? Got it!
60% swing. Go play with your retards, fuckface
CME futures broke at 7:40 this evening. I did not break it, I mean they are broken, shut down. Sometime tripped over a power cord.