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
20,691 Blog Posts

COSTANZA TRADE IS ON

I had to remove myself from the tit of the trading turret and accept what I was seeing. I was not seeing a bearish tape, per se. The fact is, the broader indices were doing fine, yet the Bubble stocks were being skinned alive. Well hello! What the fuck do I need, an engraved invitation?

Far too often we only see what we want to see. As humans we enjoyed being lied to, told fantasies of fat fucks plunging into our homes to leave us shit we do not need. These things and beliefs make us feeeeeeel better, as we are emotional beasts who care soooooooo much about feeeeeeeeeelings.

Well fuck all of that. “The Fly” said “fuck what you think, asshat — you’re going all in on large cap stocks” and that’s precisely what I did. Granted, I did so and ate another 50bps of losses due to the market sell off, late in the day. But I am a better man for it — believe me. I was fighting a losing battle — the last Japanese soldier holding down some deserted island in the 1970s.

The momentum high beta stock trade is over. Those stocks are in the process of getting folded. The rotation into big caps is here is happening and you’d be a fool not to believe me.

I closed out the session 93% long, with about 4 trading stocks left. The remainder was invested in a manner befitting of a gentleman of my stature and standing. I did the exact opposite of what I wanted to do and I’ll be better for it in the morning.

Cope.

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8 comments

  1. maxx2000

    It’s easy… BIDU

    https://ibankcoin.com/flyblog/2020/10/20/look-ma-im-fucking-retarded/

    3.66% don’t over think this shit.

    you’re welcome

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  2. jb

    Breaking: No stimulus until after the election means no stimulus until after Biden is sworn in. Trump will be vindictive after he loses and wont sign a fucking thing. This means bear market until Feb 2021 when moar stimulus is on the table.

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  3. Ari Baba

    You got stuck in your own ointment, Fly

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    • purdy

      Biden was one of the prime salesmen for the Iraq disaster in his performances during his senate committee acting assignments …a simpleton political pimp …willing to send millions to their death simply because the MICziomedia had prepped idiot Americans for mid-east wars ..and so war was, for Biden, the politically expedient thing for which to advocate. I only wish his worse offense was that he is a petty crook.

      Question is: What war is next? …and do either of these pimps have the backbone to stand against whatever State Media programs the masses to believe.

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      • rigged game

        Based on what you hear these days, it’s Iran. Soon.

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        • roguewave

          Probly just chatter. Iran would not be a little sport war with the 8th grade bully beating up on a 2nd grader. More like a 6th grader. You can beat the crap out of him, but he might get a punch or 2 in during the fray.

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  4. purdy

    Covered ITB short for big gain …eat me Alty

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