Just when I started to become obnoxious, right at the precipice, I have been placed back into my place — bogged lower by 270bps. I was supposed to liquidate it all at the open, but balked because I saw my +50bps pre market gains turn to breakeven or small loss. I then waited around for “something to happen” and that turned into hope and now here I am getting the business — all because I needed to be right.
I shuffled some things around and took in some larger capped stocks — but that hasn’t worked either. I haven’t been trading, other than getting raped and taking losses. So now I am in a sit and wait mode, like a cuckold, praying to the Gods for respite.
But I know, the Gods never reward meekness and prayers and instead throw spears thru people like that and burn them as sacrifices. What I will end up doing is selling everything, heading to cash, and then trying over tomorrow. If I sell it all today, I will not risk more than 3 positions at a time because my losses are already heinous for the session.
MTD, my gains have been TRIMMED to +2.6%.If you enjoy the content at iBankCoin, please follow us on Twitter