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
23,314 Blog Posts

The Collapse That Should’ve Been — Can Still Happen

I was hopeful heading into today we’d really see a banking collapse. Instead, I was offered a sword into my stomach via VIX collapse. I had a big UVIX position. I closed it out and then forayed into FAZ and made some coin there, as the banks COLLAPSED late in the session — reversing massive gains.

Into the last hour of trade I thought it’d be a swell idea to foray back into UVIX — for revenge and all. It started off ok and then I kept adding to it and adding to it and then in the last 15 mins news hit that the DEMONCRATS were offering a bill to REPEAL bank deregulation. Sounds like a double negative — but the CATAMITES in the market today took that fucking news and bet their grandmother’s estate on it and ramped it into my fucking face — causing me great pain and anguish.

In a 100% long book, I closed down 1.53% for the session — all thanks to UVIX. In total, I lost about $40k in UVIX today, meaning that without it I’d be up maybe 4%. Who the fuck cares? I am not in this for a day, “this” being whatever mission in the market I seem to be on.

Often times during times like this — CUNTS inside Stocklabs will level charges at me — proclaiming I be cold and “off” with my timing. Well, no man is perfect and I certainly have the bald head to prove it. NEVERTHELESS, I am a person with a vindictive soul — driven by both greed and an insatiable desire for revenge. I am exacting revenge at all times, on people who aren’t even aware of my existence. Without an enemy to fix my gaze upon, I am rudderless.

So keep betting against me. See where it gets you.

The market action was bullish. I regret to inform you of that. But the pin action in the banks was dreadful. We (the royal sense of course) are eagerly awaiting a renewed collapse — at which point I can validate my poor timing in UVIX as some sort of “plan” or scheme.

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8 comments

  1. txchick57

    UVIX isn’t dead yet.

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  2. duuude

    Bullitt or Mach 1

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  3. bintercorp

    BTFP stopped a banking collapse but it won’t stop a recession.

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    • rigged game

      “Recession, recession!” blah blah fuckin’ BLAH. I’ve been
      hearing this shit for over a year. But the Biden Boom rolls on.

      And now Biden is doing well as “Inflation Fighter Joe”.

      You could ASK for a better President – but wouldn’t get one!

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      • bintercorp

        You’re like the opposite of that IT IS SHOWTIME dude that used to post here.

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  4. tradercaddy

    Quick!
    Somebody wake Fly up.

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    • iflyjetzzz

      LOL! He’s awake; just extremely busy right now.
      Going to be an interesting open. This pretty much kills a Fed rate hike next week.

      Wake me up when the S&P hits 3400.

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