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
18,854 Blog Posts

FUCKKKKK: VIX PRODUCT RIPPED ME OFF AGAIN

Fuck off CNBC. I don’t care what Jim Chanos is shorting. Also, I don’t care, at all, what Coca Cola is doing. I hope that company dies in a fucking fire.

I thought I was being edgy when I bought TVIX today. I made it a large position and two hours later sold it for a 4% loss. This is an ordinary routine of mine, losing large sums of money in VIX products. God knows why the fuck I keep doing it, when the odds of winship is effectively zero.

My GE position purchased today — DOWN.

Most of my tech stocks purchased yesterday — DOWN.

My only respite was gold and gold miners. They did well, but I’m getting impatient and I am sick and tired of being led by the nose into vats of acid. I am sick and tired of trading poorly and limiting my experience to small sums of dollars. I’ve been heavy cash for more than a month and it has saved me countless dollars; but for the love of Christ — I am built to trade fast and with energy, and without fear. I need a direction. Listen to me now — I NEED OUT OF THE FAGBOX now.

The small caps are below trend line and on the precipice of a large leg lower.

If you enjoy the content at iBankCoin, please follow us on Twitter

17 comments

  1. numbersgame

    Damn, I just posted about samll caps, too. That horizontal is even more significant, becuase it extends all the way to the 2/6 open and 2/8 close

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. og

    Enterprise software is where it’s at.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. mad marsupial

    At least high yield junk didn’t get obliterated with small caps.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • numbersgame

      HYG, Aug 2015-July 2016: that’s where the Sarlacc lives.

      HYG fell in the hole in October (~$85), and now scrambling for it’s life at the edge of certain death ($82.5). It will take some Jedi skills to get out.

      • 1
      • 0
      • 0 Deem this to be "Fake News"
  4. cancel19

    Fear, apathy, lack of liquidity, and tax selling. Did I miss one? Enquiring pikers wanna know!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. it is showtime

    What’s so funny: are the people who don’t know what happened to Bitcoin. It’s so funny.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • s.k.

      Your grammar is atrocious.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • it is showtime

        It’s supposed to be like a

        o n e l i n e r

        You

        f u c k

        Delivered like a one liner with some acerbic sarcasm?

        Do you

        f u c k i n g r e a l i z e

        A skit line or subtle-jab-insult does not need to OR – DOES – NOT – USUALLY – meet the requirements of grammar?

        STFU

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  6. spaceman

    Next time read the prospectus you’ll become a champ of the vix https://documentcloud.adobe.com/link/track?uri=urn%3Aaaid%3Ascds%3AUS%3A04fb0611-c4c6-4e3c-ab65-8c06cdca4e0e

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. irma vep

    Monsieur Fly, slow down. Sit down. Sip! Sip your fine liquor or wine. Smoke your fine tobacco in your fine pipe & fine tobacco (I can imagine how good it smells when you open the contaner. ) Become contemlative; Quiet. Put on some Sibelius or better yet, Arvo Pärt until you work your way up to Miles Davis or John Coltrane; maybe the Messiah will help you plan.

    “The text begins in Part I with prophecies by Isaiah and others, and moves to the annunciation to the shepherds, the only “scene” taken from the Gospels. In Part II, Handel concentrates on the Passion and ends with the “Hallelujah” chorus. In Part III he covers the resurrection of the dead and Christ’s glorification in heaven.”

    Sebelius made political choices for his family to survive and thrive; controversial. https://www.chronicle.com/article/A-Composers-Ties-to-Nazi/49256

    • 0
    • 1
    • 1 Deem this to be "Fake News"
  8. roundwego

    The time to buy tvix is when vix in contango and when a trader wants to say bullshit to a ppt run up that is up against liquidity crunch. I lost plenty on Vix. Pulling out my hair at the ludicrous tape. But there is a crazy logic that can be recognized but fuck is tough nut to crack.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. schizo178

    Just when the market is gonna drop 130pt tomorrow, and Mr FLY sold his TVIX…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. chickendawg

    Besides the fact that the market has been weak AF the past two days, is there any logic to this future drop? Inauguration investigations, perhaps, even though it was the bigly-est ever?

    • 0
    • 0
    • 0 Deem this to be "Fake News"