Why are you surprised? Tough week and an even tougher Friday. I woke up to my face on fire with this REAL. No idea what the news was and I don’t care. All I know is that any stock -15% is getting sold. I don’t have to see the news to know something is fucked up with this company. I took a 23% loss on it — bad pick.
My overnight trade was SHAK, which I booked for a profit of just 0.45%. Sometimes we get monster trades, sometimes little small ones. The bottom line is, it was a win and that’s better than having gasoline poured all over my face by this REAL shit.
Most of my other stocks are doing good, heavily invested in gold — countering this downtrend with supreme cache.
Lots of trade war jitters now. What is Trump going to say next? What will China do over the weekend. I don’t care.
All I know is that I have 20% in cash and I have 1 job to do today — pick a stock to hold over the weekend and nail it. Maybe it’ll be a long, maybe a short. Who knows? My holding period is 1 day — buy the close, sell the open on these fuckers. The biggest fucking moves happen after 3pm and on the opens, so why bother with intra-day positions and getting tricked when you could take a clear headed position at the close?If you enjoy the content at iBankCoin, please follow us on Twitter