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

Oh, The Drama is Too Much

It’s homosexual opera Friday, as investors sashay in and out of stocks. Everyone is a skeptic. Therefore, as a result, no one makes money.

I have a theory. All of this fast trading shit has infected the minds of the average retail investor. It’s like they are inundated with so much information, so many different points of view, that they effectively churn themselves into oblivion. Most “traders” I know have little to no idea what the market is doing 24 hours into the future. They base their decision on “now,” and, as a result,  get fucking whip-sawed like midget clowns being shot out of carnival cannons.

Losses are part of the business. If you are unable to stare down a million dollar loss, as if it was nothing more than a mosquito, you should not be trading on behalf of others. If you are a trader and find yourself confused, more often than filled with convinction, do yourself a favor and tuck your money away under the mattress or a nice mutual fund.

I’m disappointed with today’s action; but most of my stocks are still up.

More at the bell.

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37 comments

  1. Aristotle

    WIG

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  2. The Big Ragu

    hit 10500 by a c*nt hair
    thats it for awhile

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  3. palp

    you’re sounding pretty dramatic yourself fly

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  4. TA

    This market is one big ‘chop in the box’

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  5. Sam

    “whip-sawed like midget clowns being shot out of carnival cannons”
    That imagery was good for a quick guffaw.

    Your whipping boy, Mr. Knight has a similar post. For once, you both agree.

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  6. SteveTheNeighbor

    Hey neighbor. As you know Steve, Jr. was starting to believe he was gay, not that there is anything wrong with that. He does not sashay so he knows now he is not gay. Don’t worry neighbor. Since Steve, Jr. is not gay Fly, Jr. won’t catch any gayness although if Fly, Jr. starts to crave gefilte fish and matzo ball soup and begins to wear a yarmulke then you know he caught something else.

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    • JakeGint

      Two quick tells —

      Does he like opera?

      Is his favourite author Cervantes?

      Then you will know.

      _________

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    • Indie

      As we’ve all learned from the movie The Crying game : “A volf farlirt zayne hor, ober nit zayn natur”.

      but i sugest doing the shiksa test. I nice big pair of shiksa tits in the face. it’s like the swim or sink test.

      good luck and Yasher koach!

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      • JakeGint

        I was brought up on kosher titz, m’self.

        The shiksas were always a couple of years behind.

        (Well, not the Eyetalian girls).

        __________

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  7. x

    Is that a goddamned dollar rally on my screen? It sure the fuck looks like it. How appropriate, one day after Senator Bunning calls out Bernanke as the biggest fuckup of all time. While we have not yet even begun to experience the damage wrought by Bernanke, I hope that some crafty machinist is designing a gibbet for him. Perhaps it can be hung off of Lady Liberty’s torch arm.

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  8. cardiffgiant

    FLY,

    What’s your take on FITB?

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  9. GW

    when you make that score on a day trade its like being a teenager all over again:
    http://www.youtube.com/watch?v=4pXfHLUlZf4

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  10. Dr Fly

    I am sounding a bit dramatic, aren’t I? Perhaps I should audition for a stocktwits show, where I can read poetry while reading charts,

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  11. MX2101

    Is that Ukraine black lung news bot post for real? It almost reads like an “Onion” story.

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  12. masterpain

    Can anyone say .99 cent sale ?

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    • TA

      masterpain is still trying to stick it the Fly every chance he gets with FTK

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  13. Big Mike

    ” I’m disappointed with today’s action; but most of my stocks are still up.

    More at the bell.”

    Hey Fly,

    http://www.youtube.com/watch?v=-Mu8MrCR5pQ

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  14. Homo Bob

    Time for the 3:00 rally, lets go. I got 3lbs of shrimp in me from lunch. $DZZ is making me dizzy.

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    • TraderCaddy

      Must have been the all you can eat at the Boston Lobster Feast on Sand Lake Road or Red Lobster on International Drive.

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      • Sir Prime Bean of Caffeine
        Sir Prime Bean of Caffeine

        Nothing beats the Dutch Goose off of Sand Hill Rd.

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        • Teahouse On The Tracks
          Teahouse On The Tracks

          How bout BJ’s in Hyannis @ $4/lb for 6 lb or greater?

          Robster for runch …

          Will be sending a few to Florida soon …

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  15. needle dick the bug fucker
    needle dick the bug fucker

    The dollar has enjoyed a pop today..

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  16. eisensteisn

    FTK’s catching a bid.

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  17. Sir Prime Bean of Caffeine
    Sir Prime Bean of Caffeine

    DEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEZ

    nuts

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  18. Hammy

    we’re in a bull market.

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  19. Ponch

    Do you smell the aroma of that Green Mountain Coffee. With all the money I made short the SPX I think I will go to Starbucks 🙂

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