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
21,264 Blog Posts

RAN INTO SOME BLADES

I thought I was going to make it — had it all figured out. Little did I know, the VAX plays were only up into the CDC meeting regarding mask recommendations. As such, I ended up WORSENING my losses by 120bps and closed out the session 52% cash, -3.1%. This is significant because now my MTD gains are 1% and I now face the specter of losing money for the first time in 10 months.

Can I avert this disaster?

I do not think so.

I find myself challenged by this tape. Even on up days my gains are never RIBALD, always genteel. I have been drifting into and out of this tape, thanks mostly to the absence of true momentum. The era of Biden EV/Solar plays is over. We get nothing but mega cap rallies, followed by intermittent spikes in crypto and COVID related plays. The idea of doing this forever, in exactly this manner, is revolting.

I took a doubled sized position in a Chinese EDU play GOTU — because I am being reckless and almost desperate to improve upon today’s dreadful session.

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3 comments

  1. mad marsupial

    Bottom fishing in TAL METX & YQ too.

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  2. indexjoe

    I hope I die soon

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