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
21,399 Blog Posts

Wrapped in Burlap, Set Aflame

Nothing could save me from myself today, squandering a gift horse by punching it in the fucking face. I’d rather not delve into the details of my catastrophe, but let’s just say I ran when I was supposed to stop and stopped when I was supposed to run and ended up by the close flattened the fuck out by a tractor trailer of a tape that seemed to be just wonderful for everyone but me. This had a very last month feel to it and I hated it and I hope I positioned correctly into the close.

The thing is, it’s the allure of the 100% runners with market caps under $100m that keep infecting my mind. I see them as lottery tickets almost for free, but then they end up costing me a fortune. To do what I did today is more than a crime, which is only enforced by mortals. I sinned today, committed ecclesiastical errors from which lesser men are burned in hell for. I turned +1.7% into -2%, closed at the lows, all of the beautiful money washed away in a comical tragedy of my doing — both funny and sorrowful at once. I feel like, if being honest, punching holes into my walls — especially when looking around and seeing everyone sucking their own dicks with 40% wins, leisurely and without breaking a sweat.

I am the only one, in the whole wide world, who lost money today and because of my tomfoolery, I will most likely be ENTREATED to another day inside hell at the open of trade tomorrow. Now with an 8.5% gain for Oct, if I open down more than 1%, which would be SOMETHING ELSE since I am hedged, I am calling it a fucking month and punishing myself by being forced to do something other than trading for the balance of October.

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11 comments

  1. wolfdaddy

    Ya well I bought 50k of tsla yolo like a fucking idiot. Didn’t work out as planned.

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    • emersonlakepalmer
      emersonlakepalmer

      Better off with 50k of crack and whores

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    • the_wolf

      Why not short that shit,
      Every other electric car co will eat into Tesla’s market share lunch from here on in

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  2. metalleg

    If you want to avoid days like today, you should join Stocklabs.

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    • edge

      Yeah I’m working on that. Without good algos you’re giving away money by being a half step slower.
      Not exactly a necessity but probably worth the money. If the proprietor can keep it properly tuned, right, Fly?

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  3. soupbone

    winnie the pooh trading day.

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  4. edge

    I wound up down 1 1/2%. BABA calls and crypto did the most damage. Disappointing when your favorite trades kick your ass. Mr. Market loves to be difficult.

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  5. edge

    Today may be much like yesterday. Over the weekend I began thinking that I had hedged too aggressively. Now I wish I had more.
    But that’s the way it always is, isn’t it? No matter which way the market moves, there is always a wish for more or less. We have to settle for outcomes we can live with. You place your bets and take your chances, or, in other words, do not simply accept the risk inherent in every trade, but embrace it. Otherwise, don’t make the trade.

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  6. edge

    Down by .3%. How is that possible thought I.
    Surely a curb stomping was deserved, being that every current position is a home run gambit.
    ENPH!
    Why the fuck didn’t I buy more of that! Oh, yeah, see above. Always. Always.

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  7. edge

    Two other Chinese stonks I like: LI and NIO.
    Do your own homework. They’re worth your time.

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  8. edge

    Big trade coming in BTU, earnings tomorrow in premarket. Could go either way but no way this POS can stay where it is. Higher is a distinct possibility given conditions at present but the only long term direction is down.

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