iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
20,083 Blog Posts

I Broke the Losers Streak — Solidly Back in the Winners Circle

As you know yesterday I lamented the fact I had booked 8 consecutive losing trades, after some gigantic fucking wins — the biggest ever. By the way, I am up 46% in my trading account for the year, so don’t even think about it. And that’s with 5% weighted positions.

FCX +4.7%
DDOG +5.1%
ENPH +10%
ENDP +2.11%

At any rate, I booked the following trades.
Granted, those are tiny dicked wins, but I needed them. Yesterday I bought some of this DAO because China and bore witness to it skyrocket up 20% inside of an hour or two. Like a fool I did not sell and now the stock has collapsed. I am actually down from my basis of $25 now.

Interesting conundrum. Do I cut the loss now and move on or average down? I don’t like the business, so an average down would be based purely on price. Is this capitulation or can it go lower another $5 tomorrow? I will have to think about it.

Aside from that, I bought 4 new stocks today — trying to keep up with the Jonses here.

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22 comments

  1. ericbakerbruce

    Hi IBC mouth breathing shit heads
    40
    I just named my BMI
    which makes me sad and humiliated
    But fuck it
    Back to the circle jerk with
    bidens hand and heckler

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    • numbersgame

      Why did you do that?

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    • heckler

      yeah sorry big guy just busting balls

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    • numbersgame

      For what its worth, if that is your real BMI, then it’s brave to put it out there. Maybe it will actually end the circle jerk. It’s kind of annoying when someone just insults you out of the blue, isn’t it?

      As for the BMI, I’ve had 2 coworkers who were on the big-and-tall side die of heart attacks in their 50s (age, not BMI). It’s hard to avoid junk food once it’s in the house or at restaurants, so the supermarket is the key to success: portion control can be difficult, but you can’t eat what you don’t buy. Good luck.

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      • ericbakerbruce

        Just fucking around, no hard feelings. I was attacked on the previous post and lashed out. Although juvenile and reactive, it was still kinda funny, no? OK, enough of this, back to mom’s basement with a meat loaf sandwich.

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        • s.k.

          I thought it was a pretty good showtime impression.

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          • numbersgame

            I thought it was funny when showtime tried to impress IBC readers by stating that he plays chess and listens to opera, and then **posted his license plate number** on the internet.

            That was a Trump-like move.

            “Great, you have a porsche. Now you also have internet stalkers that can find you IRL.”

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      • it is showtime

        It was time to play the “Cool doomsday plate” card

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        • numbersgame

          Given the context, it sounds to me like you just wanted to make it more believeable that you could afford an expensive car so you provide more detail (brand, color, lisence plate)

          My conclusion is that either you don’t have an expensive car or you posted your real license plate number. Either way, it reeks of Trump: big ego, low self-esteem.

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          • it is showtime

            why would you psychoanalyze that
            it’s a countermove
            in context of attempted beatdown

            for a jaw drop result

            Self esteem? huh lol? not in play
            Someone with way too much time

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    • it is showtime

      Wall of Shame

      The format is a bit familiar though

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  2. numbersgame

    COVID-19 update:

    Are the fears overblown? Tech executives don’t think so.

    Cisco, Facebook, Intel, Sony, Amazon, LG, Ericsson and Nvidia pull out of Mobile World Congress in Barcelona.
    https://www.cnet.com/news/mwc-and-coronavirus-more-companies-withdraw-cisco-facebook-intel-sony-amazon-ericsson-lg/

    Spain has only 2 confirmed cases on record. So these business execs have made the decsion to completely skip the show – not just pare down their presences or to staff with local reps – because they consider the risks of one of thier employees catching COVID-19 from an asymptomotic, quarantined (“All travelers who have been to China will need to provide evidence they have been outside of China for 14 days prior to the event”) Asian higher than the benefits from one of the world’s largest mobile trade shows.

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  3. purdy

    Lots of encouraging/good news lately. Shorted some stuff. And long VXX.

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  4. purdy

    After this parabolic run in the Naz …looks to me like it has the potential to be a shooting of the market’s load for awhile. Will cover my shorts if we move above /NQ 9585.

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  5. og

    Chart wise AMZN looked like it broke out, but I’m still amazed it is unfazed by this China supply chain disruption.

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    • numbersgame

      Just pretend its ticker symbol is “TSLA” and your amazement will vanish.

      Followers of Bezos Christ are no different than Musketeers in their beliefs

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  6. heckler

    All you bear shitters on here are a little too happy considering you just missed out on another epic run. Have fun going short toobecause literally everyone I know is waiting to buy the dip.

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    • alty

      You just claimed your retirement account is in cash. Which is it?

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      • heckler

        I’ve been trading aggressively but yes I’m 100% cash in my retirement account where I can only buy index funds or shit bonds. They don’t let me buy solar stocks or flu stocks already up 60% in my retirement account so you could say I’m waiting to buy the dip!

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