iBankCoin

SMOKED IN DEGENERATE POT STOCKS

If you smoke pot, just know, you’re a degenerate. The Taliban would cut the heads off 95% of you infidels, rightfully so. Speaking of which, I feel like cutting off my own head, drawing down 240bps because I jumped into today’s snakepit with a 25% allocation into cannabis. This loss is worse because my core positions were ALL UP, old man stocks doing well at a time when most momo stocks got blown the fuck out.

I also exacerbated things by trading and trading poorly, booking several intra day losses — extended my MTD losses to 1.7% — the only time I have been in the red on a MTD basis for the last 10 months.

So what now?

Well, I re-allocated into BIG CAPPED stocks, with several trading one’s mixed in. My sense is for a draw down, since I am accustomed to that now and no matter how hard I trade — the result is still the same.

To my next point: We will trade great again, this much I am sure. We will find a great market or a theme and make up all losses and propel ourselves to new highs. But this summer doldrum tape is toxic and no conducive with a strong market — the sort of tape one wakes up early for and looks forward to trading in.

This can be a ruinous tape, one that lures you in and then chops your head off. Be careful and never diamond hand trade — because that’s utterly stupid and memes only serve to make people laugh and fuck themselves.

If you enjoy the content at iBankCoin, please follow us on Twitter

3 comments

  1. purdy

    Scanning the media tonight, news actors are shocked, shocked …and casting blame hither and yon for our loss in Afghanistan. Them, the script-reading salesmen and women for our many wars, looking for who to blame.

    But bottom line is that, in a democracy, we are to blame. We elected the idiot Bush …fine. But then we re-elected him and his handlers after years of murderous and traitorous acts. Then we elected Hope and Change …fine. But then we re-elected Obama and his handlers after four years of murderous and traitorous acts.

    Why? Because we didn’t give a shit. No draft. No tax increase. Didn’t have to plant a Victory Garden. Didn’t have to buy War Bonds. Fine …go slaughter in my name. The war mongers know their audience.

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  2. roguewave

    Issues? Yea. we’ve got issues.
    This is just an example, not pro-Trump thing.

    Melissa Chen
    Anyone else find it a bit odd that Trump isn’t on Twitter but the Taliban are?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • purdy

      Last year, when Trump was still the elected president, Twitter, Facebook, Amazon, Google coordinated to ban and censor that elected president. Who is doing the coordination?

      • 0
      • 0
      • 0 Deem this to be "Fake News"