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
20,416 Blog Posts

STOP SHORTING STOCKS YOU FUCKING MORONS

Didn’t I warn you before? You are not smarter than everyone else. You cannot time the top. Quit trying to be a hero by making outrageous trades and fall in line. The problem with most people is generational poverty, coupled with aspirational thinking. You all want MOAR, fame, success, WHORES — drugs etc. You do not want to work hard, but smart. You think you’re smart because you’ve achieved a modicum of success and now you think you can parlay that ‘it factor” into trading — because the world is your oyster and your eyes do not deceive you.

WRONG.

The answer to your ideas is always WRONG.

No more ideas. No more schemes. Away with your biases. FALL IN LINE and shut the fuck up.

I closed out the session 65% cash, 35% wanton degeneracy.

I am 23 for my last 26, with 6 positions on the books now — positioned for further profit. I have achieved these results, not because I am better or smarter, but because I am compliant and I’ve adapted to the market — humbled myself into neutrality, and traded with the winds.

Market was up 550, Nasdaq more than 70, erasing a 190 point deficit.

SORKIN FINALLY SNAPPED AGAINST KERNEN

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39 comments

  1. acehood

    THANK YOU

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  2. trumpmeister

    Yup fall in line to the Powell whip and get your cut of the wealth redistribution.

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  3. og

    Kernan is just auditioning.

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  4. indie

    About time someone snap at Joe cock sucking trump mushroom cock and babbling fucking bullshit cum gurgle all the time.

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    • cancel19

      Ya butt hert much? I bet you still see Russians dancing and prancing in yo dreams.

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      • indie

        I bet you think the earth is flat and Trump is a fine businessman. cancel yourself. drink bleach already.

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  5. rickyretardo

    I’d rather the morons continue to short if you catch my drift.

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  6. narcist

    Shorting is all good as long as you don’t stay short (and wrong).

    I booked solid gains from a Monday night short position (from 3008 to 3018) covered yesterday afternoon and then another short last night (from 3020 to 3035) covered in this morning and then went back long (but got out before the afternoon ramp higher). Re-shorting again later? Yes, sir.

    I do acknowledge it isn’t as easy as it sounds–but the volatility is a godsend for those who know what to do with it.

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    • narcist

      Matter of fact, right here right now at 3038 is a perfect start for a new short position. I feel much better being short now than Monday night.

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      • moosh

        Do you think cl is the tell?

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        • narcist

          It’s not all that meaningful. The supply side is adjusting promptly (enough).

          The Nasdaq may have enough momentum to make some new lifetime highs. Quite doubtful about the indices though.

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          • moosh

            Thanks man. Cool, I was trying to pull something out of this: https://stockcharts.com/h-sc/ui

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          • moosh

            Shit, that was suppose to be a spy:wtic chart

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          • narcist

            *the other indices, e.g., R2K

            EWZ (Brazil) is still 42% below its 52-week high and EWU (UK) 25%–after tens of trillions pumped out by the central banks.

            I can chart SPX:WTIC on my end but again I don’t consider WTIC to be a major directional determinant at this phase.

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  7. purdy

    There are lots of spots for shorts ..just don’t hold short waiting for the apocalypse and common sense to emerge …until the major indices agree. Killed it on LABD, NFLX short and MSFT puts …all sold this AM. Still short some MSFT and shorted AAPL near the close today.

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    • narcist

      Case in point: Hertz (HTZ) just went bankrupt the other day.

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  8. trumpmeister

    LOL for some reasons, there are a lot of cocksuckers who think they’re smarter than everyone else and like to be contrarians. well suck to be them losing money everyday. Keep grinding at the wheel until your death. My condolence. Its not your fault that you aren’t blessed with a 150+ IQ.

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    • soupbone

      I can only imagin your bedside manner Doc.

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    • purdy

      Thanks. I agree that the easier money has been on the short side lately. But I am constitutionally unable to hold stocks long overnight here.

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  9. the_wolf

    Yes you are Professor, most definitely

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  10. fxtradepro

    Kernen is the douche bag of douche bags. Enough said.

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  11. fxtradepro

    He’s the epitome of unqualified to host a morning financial show of that magnitude, never mind conducting interviews with some of the financial titans that go on squawk.

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  12. reversion

    Fly when is that retirement fund going back to work?

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  13. helen

    kernen has his head so far up trump’s ass, he can taste the bleach trumb injected this morning!

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  14. fxtradepro

    I’m pro Trump policies too, just putting that out there. I think calling out your co-host is a massively douche bag move. Very childish on Kernen’s part, all after the fact too. Would’ve been different had he called out Sorkin 2 even 1 month ago when the market was bottoming.

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    • moosh

      The exchange would have come off completely different had they been right next to eachother. Maybe a little animosity between the two because the old guy is actually going into work everyday like “normal”, yet having to deal with a retarded audio delay all of the time now due to young guy being a “pussy”

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  15. charliehorse

    But they make books and movies about people that hit it big on their shorts! Nothing is cooler than being the smartest person in the room. Keep going for the glory guys! LOL

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    • narcist

      Hitting it *big* inevitably requires some luck and therefore isn’t smart. I very much prefer the “less smart” trades/safer bets.

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      • wolfdaddy

        Your people are cleaning out target tonight!
        0bama‘s Legacy on display.

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        • narcist

          They need to do more if they didn’t burn down Minneapolis like how Sherman burnt down Atlanta.

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          • narcist

            Also, Obama was still in Hawaii/Kenya back in the 60s when the Panthers were chanting Take Ten–“ten whites to every black” per the 1960 Census.

            You’re giving Bam way too much credit.

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          • purdy

            Lots of good cops out there. But cop culture is often sick. Us vs “them”. Filled with vets from illegal wars who are hooked on shitting on someone ..anyone. If there are no blacks to shit on, they go for some other ..other …whether a crime was committed by the person or not.

            But it has to be mentioned that black males’ unfortunate interactions with cops occur …at least in part …because they commit more crimes than whites.

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          • narcist

            Much of those “more crimes” can be explained, in a convincing manner, by the toxic mix of historical/multi-generational poverty and systemic discrimination. But that’s another discussion for another forum.

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    • ericbakerbruce
      ericbakerbruce

      GM vehicles suck. And cream for a car color? Worst advertisement for a website I’ve ever come across.

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    Start your home business right now. Spend more time with your family and earn.Start bringing 55$/hour just on a computer. Very easy way to make your life happy and earning continuously………………w­w­w­.­P­a­y­b­e­z­z.com

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