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
20,422 Blog Posts

As the Final Hour of Trade Nears, There is Only One Thing to Do Now

Listen to me, stocks will go down after they’ve exhausted the upside and enough people get rigged into fucked positions. You look at me and must wonder ‘how the fuck does he buy those stocks — they suck?” Look here bucko, I have 50%+ cash most of the time and each position is more or less 5% of my holdings. I can afford blowups. My gains YTD are off the fucking charts. I don’t mean to brag, but I’ve been trading superb for about 5 months straight, nothing ordinary about it at all.

I used to wait a week for a 10% winner, now it’s all in a days work.

 

The Russell is still down 13.5% for the year. That’s a big amount and could equate to further upside for a number of stocks. As much as we HATE this rally and what it stands for, disconnect yourselves from the reality of the situation and treat it no differently from a night in Vegas.

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5 comments

  1. discoordinated
    discoordinated

    All one way until it is all the other way

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  2. purdy

    Awesome run Lord Fly. But, “I don’t mean to brag”? Ah hem.

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  3. teslawasright

    Pro tip! SELL THE BENZ

    Get with the program, and perhaps parlay it all into a Roadster 2.5 inch man!

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  4. narcist

    It was mainly the Russell’s weakness today that kept me from closing the overnight short till half an hour ago.

    I’m not keen on calling tops/bottoms since they don’t matter much to the trades I make. But today/tomorrow could be the highs for a while.

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  5. hisarob951

    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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