Time To Turn Some Tricks

Well the second quarter is in the books, and although a great many of you traded your asses off to get back in the green territory, and I congratulate you, I made my situation worse this quarter, tacking on an additional 8.28% in losses, pinning me at -16.51% YTD.

There were so many mistakes along the way.  There were also some tumultuous victories.  Net-net I lost money and that is not why any of you come to iBankCoin.  You come to see gregarious writers and traders who make money with poise and grace and a generous bit of panache.  These conditions during Q2 caught me pretty flat footed and when the time came to drop the hammer, well I dropped it only to scurry over to it and pick it back up before diving in my bunker.

To break the mistake loop I enacted some new rules, like maxing out at 12 positions.  This has already improved my focus and I am coming into the month with some nice positions in tote.  My cash is high, over 50% and I have a few places I want to stash said cash before all is said and done this week.

I have four investments I intend to hold through Q3 and perhaps Q4 – TWTR, LO, TSLA, and GPRO

I jumped on Senior Tropicana’s magic carpet at the end of May and have XOM shares purchased 46% cheaper than they are today. This position is also an investment of sorts, one that is mostly dictated by the good doctor.  I have some risk management in place, but with 46%  cushion I count this position as an investment as well.

I have July calls in DDD and ANGI.  Something tells me we will be rolling in Angela’s ashes before the month is over if you know what I mean.

The rest are trades – RGSE, WB, FRO, TSL, and GRNH

I intend to ride this steed, and other steeds to glory before the year is out, propelling my book to new heights and performing on the level of my internet peers and role models all nestled within the confines of iBankCoin.

May your cup runith over in Q3

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