iBankCoin

Rate Cuts are a Foregone Conclusion — Stepping Aside For Clarity

I took out a PINS overnighter trade yesterday and that worked just fine. 310% annualized return, fucked faces. But now I need to step aside, since many of my positions have grown old and stale. This is a trading account. The rules of said account demand that ALL POSITIONS be relevant for now, and not some fucking narrative that I yarn up in my attic. If the shit isn’t popping off now, I’m out.

As such, I sold a slew of stocks — a fucking slew — most for small gains and losses. The net result was me, this guy here, raising cash to 40%. Also, I took out a hedge. Also, I’m drinking black coffee now because I ran out of milk.

For now, “The Fly” is chilling, eye twitching, head throbbing with pain, body filled with aches from laborious labor (GRAMMAR ALERT!), eagerly awaiting a mean pullback.

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6 comments

  1. alty

    How can you not be buying hand over fist here. Max leverage

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  2. mrcharlie

    Yo Fly whats up man?! I sold off everything last wednesday after seeing charts comparing 2000 and 2008 and the current markets looked similar and spooked me out. Also reduced my 401k contribution to zero and moved it all to interest at 4.5%. There’s a solid question for a capstone script, was that a good move? Most likely not since its s long term plan im just not interested in taking a 50% haircut.

    I do like GIII and LK here though! Sold AAPL, ROKU, JD. Still holding YEXT & CARA

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  3. s.k.

    No cuts. Fed sits tight.

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  4. WrongView

    Very SAFU.

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