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
18,593 Blog Posts

No Edge; No Position

I was going to buy today; but, admittedly, I missed out. Part of this is due to my schedule, as I am caring for my father in law during the day — taking him for treatment. It usually takes 1-2 hrs of my day and then there’s cooking, cleaning, and small details that consume much of my day. Since I work from home and my wife is out in the real world working, I’m the go-to person for taking care of the house.

Ten years ago I’d have a god damned aneurysm over it. When I managed money, I was a nervous wreck, always on edge and subject to wild mood swings. Now, I’m at peace and I think maturity has given me insight into how the world works and what to expect from people, so I rarely get mad. I put on a good act here for you animals, mainly because you’re animals. You really can’t help yourselves.

The market has rallied since the morning lows and I do not feel like chasing it. Plus, we won’t know the election results until tomorrow night, which gives us another day of potential selling.

I’m 85% cash, but 100% long in my quant and that’s doing just fine — higher by 0.77% today.

What are you looking for? Isn’t +0.77% per day awfully good?

I speak to some of you and really get concerned that you’re gonna blow yourselves to smithereens. Take it from someone who has made a fortune and lost it, several times over — quit gambling and focus on compounding returns.

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7 comments

  1. juice

    here’s to you Herr Fly https://www.youtube.com/watch?v=mGuW7pD_fhg

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  2. probucks

    Fly has become an old old man!

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  3. s.k.

    I remember hot slices of pizza and Monster Energy drinks. Cheers to you for managing to step off the wheel. Although at the expense of Mrs Fly working it seems. (Relax, just fucking with you).

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  4. it is showtime

    Topple – The fucker

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  5. ironbird

    Speaking of edges. That razor wire will cut you faster than an 8 ball with a chainsaw.

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  6. heckler

    If Michigan and North Dakota don’t legalize weed tomorrow I’m calling VOTER FRAUD!!

    Hey Fly, I really like that blog pic, is that iBC art swag?

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