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
23,448 Blog Posts

Potential to Cascade Lower Exists

I got today wrong and lost 1.12%. In fairness to me, I wasn’t really trading much today and just sort of poked at the market without much thought. I do prefer to be backed into a corner and all of my recent successes called into question — permitting me to prove my worth once again. The very best version of myself is one that is miserable, in a slump, and grim.

The past two weeks I’ve been somewhat content — in spite of the leaders in my country attempting to drag American boys into a slavic conflict. To be clear once again for those reading: Fuck NATO and fuck the GLOBOHOMO and to hell with Ukraine. That said, I do not want the war to persist and would much prefer young boys over there had a chance to love and live than fight for the benefit of the homosexuals in DC.

I hedged at the end of the day via SQQQ and UVIX at 30% of assets, which is basically net short. I do believe the close was bad enough to warrant some sort of risk off, especially since we’ve recently gone up and up without much news and we are a nation filled with demons deserving of a much lower S&P 500.

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