iBankCoin
I patiently trade the fundamentals - with a technical machete.
Joined Apr 1, 2013
69 Blog Posts

Wisdom – Stops, Open Trades And Mezcal

For those of you who subscribe to the old adage “what doesn’t kill you – only makes you stronger” well…

I could tell you some stories.

As I lay there looking up towards the ceiling, she did what she could to put on a brave face. I held the bottle of mezcal tightly between my legs and gripped the arms of the foam plastic chair as to have nearly pulled them free.

3 and a half hours of slashing, digging, cracking, smashing, more mezcal, and a handful of “knock off Aspirin” later – we both recognized she wouldn’t have the “tamales” to finish the job.

I noticed the half centimeter layer of dust and lint that covered the light swinging  above me, as word of “Bank Runs in Cyprus” crackled out in spanish – from the tiny T.V in the corner. The office was dim, dark. The scene –  ugly for reasons equally horrific the nightmare unfolding  before me,  for I had open trades on back at the house……………..no stops.

A call was made, and shortly there after a large man with a leather bag arrived. As they hovered above me, mumbling to one another, strategizing  – I sweat another bucket, and prepared myself for the worst. His methods where equally crude as the “cracking and smashing” continued – but his movements where deliberate and strong.

Another hour later, with the last stitch in place, he props up my head, wipes the blood from my chin and says “Well..I think I got most of it”…..”Only 3 left to go”.

Needless to say – those wisdom teeth are still in my head and I’ve no plans to have them removed anytime soon. I’m a huge fan of mezcal and have recently considered the use of stops.

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4 comments

  1. Fantastic story, I as well took a hit from the cypress news, I learned that carrying positions through the weekend is crazy when all the banker/government shenanigans occur at this time. A very valuable 120 pip lesson. Mezcal or Novocaine which makes for a better antiseptic.

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  2. These days the weekends are really tough for sure, as “looming catastrophe” and “planned resolution” take center stage late Sunday nights.

    I’m holding positions half the time, but always with a rip cord and parachute.

    This weekend I’ve plans to be swimming with sea turtles, and will not be taking my parachute with me.

    The smallest sniff of a central bank or stock chart – and those little babies are off into the deep.

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  3. The only way I ride out a weekend is at break even. 🙂

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  4. Break even is good.

    Armpit deep in profit works too! If one is ever so lucky of course.

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