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
23,304 Blog Posts

Took the W, Moved to Cash

We opened up raged higher. A braver man than me would hold and wait for more — but I took my gains and left. I’m 100% cash in my trading account.

I’m bullish, but apprehensive about morning rips, so I guess that makes me pensive. Too many people were TRAPPED long. Those people usually flush out in mornings.

I’ll revisit the tape later.

Meanwhile, I’m still 100% invested long in other accounts, eagerly awaiting more gains.

There’s a lot of chicanery taking place and when you can secure gains relatively easy — take them.

Up 81bps early going.

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