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
20,629 Blog Posts

Closed Out a Bad Week on a Positive Note

I had a rough trading week, losing more than 2.3%. I made some bad trades and lost my train of thought mid-week, and that caused me to spiral a bit. But I ended on a bright note, effervescently +76bps in a market that crushed the spirits of momentum traders — closing at the lows down 45 NASDAQS.

The other 50% of my money, invested in my quant, was higher by 1.4% for the week. Its purpose is to remove emotion from my investments, balanced once per mo in a stratagem that I have concocted, using the data analytics in Exodus. Month to date, the quant is +7.7% and my trading is up 6.2%, providing me with an extreme ease and comfort, moving gracefully throughout the market without a worry in the world.

As for what I think will happen on Monday, I have a doubled sized position in TZA and 55% cash, so of course I am waiting for a hammer to drop. But I wouldn’t count on it to happen, especially since Trump is almost craven in his desires to boost equity prices. Do not bet against this man when it comes to the market.

I bid you farewell. Have an enjoyable weekend.

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15 comments

  1. rigged game

    I thought you had much more of your net worth in your quant,
    compared to the trading account.

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  2. teslawasright

    Does the Le Fly sous vide?

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  3. purdy

    Ha. Along with the usual ‘Putin is attacking our democracy’ blather, State Media will likely use these Joe/Hunter exchanges to turn the Biden influence peddling/treason emails into a sympathy play and a positive for Biden: https://nypost.com/2020/10/16/texts-show-raw-intimate-exchange-between-joe-and-hunter-biden/

    I’ll likely close my TAN short Monday AM.

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