How do I stop you people from killing your accounts? Why, after 12 years a slave on this site, do you continue to email me about blowing out your accounts through some fucked up gambits in the market?
What you’re doing in the market — taking on high risk stratagems in options, futures, and in margin accounts, is equal to going to the local liquor store and buying lottery tickets. You’re never going to win — trading that way. You’re being weakened by the allure of money and you think said money will make you happy — because of the highlight reels on social media and the absolute horseshit seen on teevee. I’m not here to crush your spirit and take away your aspirations — instead I propose that you stop blowing up your accounts.
Is that fair?
If you have any positions greater than 15% in size — reduce them. If you took all of your positions and separated them by sector — would they look like the cross section of the S&P 500?
Are you holding onto losers for the sake of holding them? Laziness and sloth is a sin you know.
A younger Fly used to preside over these internets a long time ago and drive cars filled with dynamite sticks into hard, red, brick walls. Those days are, more or less, over. Now my days are spent dealing with website technical issues and fielding emails from braintards who keep blowing out of the market, in the midst of the greatest bull run ever.
Tomorrow I’ll post some actionable ideas and provide some insight into the present market. But, for the love of God, can you stop fucking taking outsized bets you idiotic bastards?
Happy Saturday!If you enjoy the content at iBankCoin, please follow us on Twitter