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
23,439 Blog Posts

ANNOUNCEMENT: Positions Sizing Changes for 2024

I like to make ANNOUNCEMENTS in all caps titles to provide people with information no one gives a fuck about. But since you’re reading me and not the other way around — you’ll just have to deal with it.

Effective today, my position sizes will be increasing from 5 to 6%. I know what you’re thinking “whoa — so reckless — how are you!” But you’ll need to fuck off with those opinions and find solace in knowing I analyzed this decisions for days and went over the data and have all of the documents necessary to support such a brazen and bold course of action.

The fact of the matter is, I am right more often than wrong. Ergo, by increasing my position sizes without demonstrably altering the dynamic of my trading rhythm, I shall henceforth make more money in trading. It goes without saying, all else being equal — I expect to increase my gains in 2024 by 20-25% with a target of +75% or +6.25% per mo.

As for markets today: we are beholden to the interest rate narrative and nothing else really matters. There are times when the economy is front and center or perhaps geopolitical events or even obtuse events such as short squeezes and/or liquidity events. But none of that shit means anything right now. Look at the US 10yr. Determine its direction; and trade accordingly.

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