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
19,239 Blog Posts

STOPPED OUT OF $GUSH — MY RECOURD IS INTACT

I’ve probably lost 10% over the past 3 months in these FUCKING 3x ETFs. They are a disease, a malefactor upon the financial community.

My loss was 8% on a 5% position. In the big scheme of things, not a big deal. But these fucking losses add up. The past few days have been one small nick after the next — and I’m sick and God damned tired of this drawdown.

Now the right trade to do, given the present condition, is to SHORT STOCKS.

But do I have the fortitude, the testicular balls, to do it?

Stay tuned.

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3 comments

  1. the_wolf

    oil has been screaming to be shorted

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  2. arnoldsimage

    Just want to say thanks for your trade ideas. arnold

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  3. juice

    nothing like testicular balls

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