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
20,461 Blog Posts

Dealing with Squandered Opportunity

The worst feeling in the world is the sense of regret or missing out on something that was built for you to be divine. I can recall innumerable instances when I looked back upon a moment and said to myself “I should’ve done this.” Alas, these moments in our lives repeat themselves over and over until we’re good and dead.

Some people learn faster than others. There are some 20 year olds out there who are wiser than 50 year olds, due to good breeding. And of course there are the majority of people at or below the IQ bell curve who just react to stimuli and have no bearing of right from wrong, just pain and pleasure.

For me, I underwent a micro-event trading BYFC. At around 7:50am I saw that Netflix was going to deposit $100m into black owned banks and felt I had a clear advantage over my peers who didn’t know the only two publicly traded black banks: CARV and BYFC. I got filled at $2, announced it in Exodus, and soon the stock raced past $3.30, placing my unrealized gain at 65%.

But because it happened so fast and all of the FUCKERS in Exodus were taking profits and jerking off to their gains, I felt I knew more again and would resist the temptation to book the obvious sale.

WRONG, fucked for face.

I just sold out for a 12% gain, after watching it all day, paralyzed by the deadness of the stock — waiting for my feeeeeeeelings to be assuaged.

I sold because the move was dead and also because it literally paralyzed me. If you’re stuck watching one stock all day long, it’s either too big a position or too risky a stock, so sell it.

This is the primary reason why I’m so keen on overnight trades. You get in after 3pm and sell the next morning.

There will be other BYFC’s and perhaps the next time I will sell when I am supposed to sell. No promises!

My booked trades for the day, thus far.

IDEX +13.8%
(SOXS -9.7%)
JNUG +8.4%
OPK +12.7%
(AHT -7.2%)
RPAI +8%
(BCRX -2.7%)
BYFC +12%

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7 comments

  1. bambam

    I ain’t selling shit!

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    • rickyretardo

      Yea I can already see it getting run up in after hours and tomorrows pre market

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  2. real fckn chinese guy
    real fckn chinese guy

    When the price is high, you sell. When the price is low, you buy. This what I have know about trading and is an expert stock market. I have make millions of dollars which shit garbage, for shit American. China number one.

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  3. narcist

    Went short a big batch of contracts at 3101. But what the fuck do I know.

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