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
19,110 Blog Posts

$BPTH Surges More Than 35% AFTER I Sold It

Honest to God — I do not feel bad about this at all. I ended up stopping out of this stock yesterday for an 8% loss. If my cost basis was better, I almost certainly would’ve held into today’s open — because that’s the play — right? The end of day rippers become next morning rippers for lotto winning lottery tickets.

I’m not mad, mind you, because I lost the right to own it. I lost the right, mind you, because my cost basis was poor and wrong.

I could’ve held and then risk a monster loss, which not only creates bad habits, but it messes up the flow of things, having to incur outsized losses.

Had I waited, literally 5 minutes, my basis would’ve been 5% lower and I would be enjoying a 38% rise right now. Instead, I am fucking blogging to you faggots, trying to convince you and also myself that I’m not mad, bro. Not mad (dot dot dot) at all.

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

Leave a Reply