I got fucked with my 3x inverse ETFs over the weekend. I have a fuckload of them now, 5 of them representing 25% of my account — because I am HOOKED. I have two choices, now that markets have run higher. And believe me, I’m not one of those FUCKHEADS who complains when markets go the other way. It’s al relative. I got caught and now I’m getting HOT ROLLED AND STEELED. Nothing wrong with it and absolutely nothing to be ashamed over. The question is, do I hold, sell, or DOUBLE DOWN?
If I DOUBLE DOWN, it’d have to be in one or two, not all 5 — that would be fucking nuts. If I hold, I’ll be waiting while to achieve my basis and that’s not a given, seeing the market is optimistic about this virus ending.
Sure, there will be a fuckload of issues getting back to the way it used to be — but markets don’t care about that. All it cares about is Fed money printing and resumption of normalcy. The central banks don’t give a fuck. They have unlimited money hacks and will throw money at everything in order to get their tax revenues back online.
Markets are +1,000, WTI is -6%, and gold is +2.8%. I had AU and sold it for a 6.8% gain, other than that I’ve box watched trying to figure out what I want to do.If you enjoy the content at iBankCoin, please follow us on Twitter