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
21,492 Blog Posts

Glad to Close Out the Week — Looking Forward to Better Times

What a tumultuous week. Over the weekend I had visions of grande wins, followed up by an even greater feeling of equanimity. Instead, I got whipsawed and a good friend of mine died from alcoholism. His organs failed and he died with his mother by his bedside. I haven’t seen him in 9 years but I felt like we were still close — shared memories and ballgames from another lifetime. Casual drinking is often celebrated as something to do — because Gatsby parties and good times and all of the fine things that go with it. Truth is, it’s a bad trade, lest you do it infrequently and for the right reasons. As an adult, if you’re still drinking to get drunk — consider a different stimulant to pass the time — such as caffeine.

The past three years have been incredibly painful for me, losing people that I loved. I tend to believe we all peak at different ages, some of us in high school, others much older. We all have passions and a fire that keeps our energy high and motives pure. But when disappointment settles in and time slows down — too many people spiritually give up.

I fight the black dog just like many of you. Strong thinkers tend to sulk about things and create almost a fog in the way they see things. For me, this is physically true. I see thru a narrow fog, beard grows, and I become engrossed in a deep sense of dread. But I am resilient and snap out of it — working, gym, trading, tennis, reading, iBankCoin, etc.

As for markets, I made +240bps for the session, closed at 21% cash, bullish for Monday.

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15 comments

  1. barbee

    Reading that brought tears to my eyes.
    Embrace the loved ones you have around you while you can. You have a wonderful family that loves you. Never take that for granted.

    P.S. You have a BOATLOAD of friends too. 😉

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  2. emersonlakepalmer
    emersonlakepalmer

    There’s some good advice in there; namely lay off the booze. I’ll never forget the time, as a young man, that I woke up in a Tijuana jail, laying in urine and vomit with a newly chipped front tooth, a hideous tattoo on my forearm and no money in my wallet. You’d think that’d be enough…but no. A year later I woke up one morning with a hooker that looked like Ruth Buzzi. Look her up kids, it was painful. That was the last straw. I knew I had to drop the bottle.

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  3. it is showtime

    Hi inner wall st CB circle

    4196.

    I just named a number
    you cant get the S&P
    to hit. Can’t even touch.
    have a good day

    Fukushima. Gambit.
    FOUR PAWN – – CANOPY – – COUNTER

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    • helen

      This is the first time I agree with your limit digit level for snp

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  4. duuude

    Gracias Senor

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  5. richardweiner

    So if you get cancer of the cock from HPV, do they just cut it off to stop it from spreading? And if so, does that make you a lady?

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    • snoozer

      i’m usually a fan Dick, but that was horrid. You need to lock yourself in a room and spend a lot of time working on your special purpose, as Steve Martin would say.

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    • metalleg

      Why don’t you ask your dad?

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    • emersonlakepalmer
      emersonlakepalmer

      You’d be considered a lady if that happened and you happened to like Mariah Carey as one of your favorite musicians

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  6. 'merica

    I’m sorry for your losses. You’re a good man, thanks for sharing your experiences.

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  7. 'merica

    Saw a sad story about a youth hockey coach that died in St. Paul in a bar fight over some covid argument shit. Got me thinking, what the hell are you doing at that age getting drunk at a bar and getting in that situation. Shit happens, sure, but damn… You’re right, I don’t know what the cutoff is, like 30 single, kids – you’re on a tight leash.

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    • metalleg

      No one ever expects the old ‘bar fight over Covid’ but it happens all the time.

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      • emersonlakepalmer
        emersonlakepalmer

        Again…stay sober at all times (unless you are in the comfort of your own dwelling – I guess everyone needs to clean out the old cobwebs every once in a blue moon). Keep your wits about you. Run from a fight if you can, otherwise fight dirty and do what you can to survive. Fauci is a liar, ask Kary Mullis….

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  8. maxx2000

    I feel you Fly. That shit sucks. But like a shark needs to keep swimming, we gotta keep fighting, right?
    When is the last time you listened to some Dylan? Might be time to check this little ditty out. London 1965.

    https://www.youtube.com/watch?v=Q9_nWlSX6Us

    btw SPY weekly above 50 ma more than ever in the history of mankind…..

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