iBankCoin

A Most Absurd Trade and Subsequent Loss

What did I say in the beginning of the year? I had this fucking rage against stocks and promised to only trade the oversold signals in Exodus, long only trades. Remember when I said that?

No, I can’t stick to a plan for an entire year. Poor Fly gets bored and has to veer off the reservation. NO MORE VEERING OFF THE FUCKING RESERVATION. Each time that I do, guess what, I get whipped with a cat o’ nine tails.

I just sold out of DRIP for a two point loss, from $7.5 to $5.5. What is that 25% inside a week or less? This is the second time I’ve been flame broiled in oil shorts this year, thanks to my fervent belief in the oil man being dead. If I keep this up, I’ll be the one dead, as the oil man smashes my dead body to pieces with his barrels.

There isn’t much else to say, other than quit being a dumbass and stick to the plan. It goes without saying, the plan isn’t to get impaled by haggardly 3x ETF vehicles of doom. Those fucking bastards at Direxion will get theirs one day.

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5 comments

  1. vandamme

    Right idea, wrong timeframe (extra Corzine)

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  2. Marc David

    Exodus needs to throw an oversold signal soon. It’s been a range forever. I feel like I’m in a cryo-sleep

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  3. Raul3

    we just had the best one of the year at the beginning of July. Traded properly it yielded nearly 7% SPY, about 25% TQQQ

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  4. en1gma

    3x ETF ain’t nothing to fuck with.

    I know, I lost my ass in SDS more than once.

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