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
20,574 Blog Posts

I BOWLED ON PEOPLE ALL DAY LONG AND HAVE NO IDEA WHAT’S GOING ON

I could easily project myself to be a genius today, shilling like a motherfucker about my SHREWDNESS and how awesome I am for nailing some trades. Truth me told, my process is now automatic. You know what it takes to make money in this market?

IT TAKES BRASS BALLS TO MAKE MONEY IN THIS MARKET.

Look at me this morning — talking shit, showing you these trades.

XSPA +51.6%
CDR +18.6%
UAA +10.7%
DAN +4.1%
GT +15.8%
KIM +10.9%
FNKO +16.1%
CC +14.6%
OLED +3.8%
DDD +3%
CREE +4.6%
(UAVS -5.2%)

Then what did I do? I made even more money.

FRAN +37%

See pal, those gains you see there have nothing to do with anything on my end — it’s all the market. It is a gigantic clown show of monumental proportions. I cannot stress this enough: I HAVE NO IDEA WHAT IN THE FUCK IS GOING ON HERE — but have extreme faith in following along like a dodo-bird into the crevasses of Wall because I think there is food and water there. Maybe I die in the crevasse, maybe not. Either way, it’s only money.

Into the close, I bought some other stuff and raised cash to 80%. My stock picking is strong, but I’d say my discipline to sell quickly is my greatest strength, alongside my keen awareness of the winds — always knowing how to monitor risk and the feel of the market, embedded in the behavior of the tick. These are things you cannot know unless you trade. You cannot learn these things from a lesson, so do not come here for advice.

I am a fisherman. I fish. You should probably just sit down and eat — because no matter how hard you try — you will never be as good as me.

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17 comments

  1. reversion

    Ohhhh fly…. the master of liquidating his retirement accounts on the lows…..

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    • stephaniefenner
      stephaniefenner

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  2. Po Pimp

    Don’t look now, but good ol’ $FTK is coming back. No debt, $1.34 cash per share, closed at $1.13 today. I’m in since $0.80.

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    • trumpmeister

      Have fun with my sloppie 2nds. She still has some fun left an interesting night.

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    • bambam

      What’s your target on FTK @ Po?

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    • numbersgame

      Coming back?
      2015: -13.5M in net income
      2016: -47.9M
      2017: -27.3M
      2018: -70.6M
      2019: -32.1M

      Let’s say that I said: If you give me $113, I’ll sell you a pile of 134 $1 bills. Great offer right?

      Ok, now what if that same pile of money was **on fire,** and you had to rely on someone else to put the fire out, who’s been unsuccesful at putting it out for 5 straight years?

      (also, unlike some other money losers, their revenue is also goign down so it’s not as if they are investing for growth)

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  3. og

    doh, got chopped up the last few days chasing travel stocks instead of just holding overnight.

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  4. tradercaddy

    Fly is the Dick Weber (bowler) of Wall Street or maybe even Gadabout Gaddis (fisher guy – https://en.wikipedia.org/wiki/Gadabout_Gaddis ) of Broad and Wall.

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  5. fxtradepro

    Everybody goes bearish AFTER the move! The low probability/unpopular view on TEE VEE was a V shape recovery, yet here we are….

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    • numbersgame

      Exactly where is “here”? You are writign as if the V-shoped recovery is now a foregone conclusion.

      Is 13% unemployment “recovered”?
      Or -13% in consumer spending **despite** an increase in income?”

      Then of course you have to ask yourself: if the NASDAQ is at ATH, what is already priced in?

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    • richardweiner

      Do you get to play with your penis while you work?

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        Plus with a job, maybe you will have less free time so you won’t feel a need to attack minorities with sterotypes that remind you of your own inadequacies in that department.

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        • tha pirate

          numbersgame Normally I disagree with everything you write on this site, but sounds like you just might be right ON POINT this time ; )

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