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
22,011 Blog Posts

ANOTHER DAY, ANOTHER COLLAPSE

Nothing is safe. All rallies canceled. Each morning we gap up and then collapse into the close in a clown car.

Look at the % from session highs via Stocklabs.

Admittedly, I got hooked into some growth stocks and even an oil. I’ll be forced to avg down in oil. I’m hedged so the losses are non existent, now flat for the day. It is frustrating to trade in a market like this, which is why it’s probably smartest to limit risk and resume light summer trading.

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

Leave a Reply