It wasn’t supposed to be this way. Stonks, as they’re popular known amongst the idiot class of investor, are supposed to only go up. Lo and behold, the NASDAQ is now knifing lower — off by more than 200. Miserably, I only have 1 hedge, and I closed out my SQQQ when the NASDAQ was down 150. I too bought into the fervor, pretended that nothing was wrong and how wonderful stocks were, all because the Federal Reserve sucked its dick.
I am more than happy, in fact elated, to donate some of my 300% YTD gains in exchange for pain and misery amongst the TikTok investment class. To this end, I am 30% cash, triggered lower amidst a flurry of panic sales, eagerly awaiting the next leg to drop.If you enjoy the content at iBankCoin, please follow us on Twitter