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
23,433 Blog Posts

LOOK AT ME: All Blue Collared And Shit

I really tried out there today — but my best was simply not good enough. As a matter of fact, my best caused me to close AT THE FUCKING SESSION LOWS — rock bottom — off by 2%.

In the past, a 2% drubbing might cause some resentment, anger even, as I wanted to always make money. But I can’t be the only one making money out there and it’s charitable to give others a chance too. So I lost a little money — but I feel pretty damned good about it. I’m like the regular guys now, rookie trader attempting to work from home whilst the kids and the dogs prattle in the background and the wife is asking if I need another cup of Joe. The trades moved too fast for me and every time I bought — it dunked — and every time I sold — it ripped. I lost all of my hair today and now I have to head out there, like most of you, bald and stupid — knowing I had lost money in the market today.

Oh how will I pay my bills next month?

I exited today’s barn-burner of a session, where the NASDAQ tanked by 0.5%, 40% short via inverse ETFs and UVIX. I am positively in a NET SHORT position in spite of me proclaiming to be boolish just yesterday. It seems the stars aren’t quite aligned for Pax Americana at this juncture in time and a great gloom is cast upon her bosom.

This tape is deserving of disdain. If this tape was a person, I’d spit in its face and club it to death like a blue fish.

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