A few of you complained that because I’m not offering my Mastery Ace stock picks for free here anymore that the blog has been relegated to a denizen of Fly bragging. While this has always been the case, for if I do not promote myself — who the heck will? I will offer some keen insight into the tape right now, to assuage those of you who haven’t a fucking clue what you’re doing out there.
The UK has a new PM and he’s gonna BREXIT the fuck out of the EU ASAP. Because of this, the dollar os jimmying higher. This is a temporary phenomenon and will revert to the mean inside of a few days. Presently the precious metals are weak, but that should be ignored. Stocks in general look slothful and lazy. My Bubble Basket is showing signs of wear and people are hitting the bid.
I am 45% cash in my trading account — having just took profits in FTNT at +4.5% because I’m special and also incredibly talented. The point here is not to rush. Mitigate your risk by opting to position into a stock at the end of the session. Once you begin to learn that most moves happen from 3:30-3:59pm and 9:30-9:45am, then you’ll start trading smarter. Intra-day reversals have killed more good citizens than all of the world wars combined.
Be smart, trade small after a large melt up, and mitigate your risks by taking end of day gambits.
If you enjoy the content at iBankCoin, please follow us on Twitter
This is great, thank you! I don’t daytrade or use stock screens to select investments, so Exodus isn’t really for me. I come here for your interesting take on the markets/economy as well as your highly-insightful, yet entertaining, commentary on what’s going on in the World in general.
Couldn’t have said it better myself. 🙂
I second this comment. Plus, as I’m sure you know – being in the industry I’m handcuffed by compliance and holding periods. Here for the extraordinary prose.
We’re all in the industry. STFU
These fucking fuckers.
Fly you salty muthafuckaaaaaa. Dont call me a piker when I sign up for monthly script for capstone program!!! hahaaa