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
22,427 Blog Posts

BOGGED FOR SESSION — NOW FIGHTING TO RECOVER

I bulked up heavily on GUSH with a large UVIX hedge and own some BOIL. With 55% cash and losses of 6% for September, I am bound to close out the month an extreme loser. I can succor myself with facts on the table, such as “this has been a terrible month for stocks” and how I outperformed the broader indices. HOWEVER, my benchmark isn’t the broader indices and I should have done better, especially since I expected a September collapse and talked about it forever.

I can blame my week off for COVID and how I shed nearly 10% off the highs due to COVID brain trading. BUT, today’s -2.85% was all me. I longed into today like an absolute pavement ape.

I’ve had many periods of sucking wind and it’s never easy to trade in chop. I am emboldened by the fact that I always make it out the other end fine. Eventually there will be a tape that is custom built for me or I will see something other’s don’t or can’t and propel back to annual highs.

For the year I am +42%, so it’s not all doom and gloom.

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2 comments

  1. it is showtime

    Voila.

    Re Test. Re Test. Re Test. Top Gone

    Fuck Apple
    and Fuck Japan

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  2. roguewave

    @WatcherGuru
    ?? Philippine Central Bank says #stablecoins have the potential to “revolutionize both domestic and cross-border payments.”

    $META (Facebook) freezes hiring and warns employees of restructuring.

    Fauci Net Worth Soared 66% During Pandemic
    Doing well while doing evil

    @DoombergT
    Damage done to the Nord Stream pipelines irreversibly condemns Europe to an incredibly tough winter and stokes tensions of nuclear war.

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