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
23,428 Blog Posts

GAINS OF 500BPS IS NEW MINIMUM ACCEPTABLE LEVEL OF PROFIT

This market had elevated all parties and anointed all to be masterful stock traders. I, for example, used to be content with 0.5% daily gains, equating to 10% per mo or 110% per annum. A fine return, no? However, I shit on those returns now, as I deem them to be both disgraceful and laughable. I now return a minimum of 5% per day, or 100% per mo, or 1,100% per annum.

Based upon that math, I will soon be a billionaire and with said wealth I do all sorts of fucked up shit. Can it last forever? I’d like to imagine it will. Why would I second guess it?

As we ebb into the final minutes of trade find solace in the fact there is a person out there, such as myself, winning at such extreme levels.

Into the bell, I like Biden plays and biotech.

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One comment

  1. emersonlakepalmer
    emersonlakepalmer

    If there was ever a time to sell…

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