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
19,700 Blog Posts

FUCKING REKT, Into a Maelstrom of Frenzied Buying

Let’s just chalk it up to a flurry, if you will, of bad luck. I took 4 fucking trades towards the end of day yesterday and got poleaxed in two of them, none of them participated in this rally — and my gold positions are getting ship-wrecked.

I had MDB into earnings. BAM -6%
I had this African shit JMIA — BAM, spear to the face -5.5%
And I had ROKU, the stock that never goes down until now. BAM -3.5%
And AYX, which I sold for a paltry +0.75%

Normally I’d declare ‘CATASTROPHE’ but this is all too much for me to handle now.

Any stocks down more than 1% on a +450 day deserves to be sold. Fuck that. This is not what God had intended. I’ve got some rotten apples that I need to discard.

As for the metals, I’ll figure that out next, but my hunch is to buy dips. But in my case, HODL, since I’m already very long.

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9 comments

  1. numbersgame

    ROKU!!! Really??!!

    Even if you didn’t pay attention to the Option positions, didn’t you see what happened every other time it gapped up with a long postive bar? Plus the overvalue…

    Anyway,still respect that you cut your losses and don’t let them cut you.

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  2. ferd

    In that you’ve noted the relationship between bonds and PMs, I was expecting that one of your overnighters was DUST.

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  3. bambam

    VTI set and forget.

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  4. wolfdaddy

    Next up bam you stupid new house gets blown away by the hurricane

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    • ferd

      He’s a hundred miles from the coast – his house is more likely to get blown away by a Wake county meth lab.

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      • tradercaddy

        Probably in or around Cary, NC which is loaded with Northerners fleeing what they did up North with taxes and crime.
        And when they get done wrecking NC with their up North voting habits they will move on and destroy some more parts of the country. Oregon, Arizona, and Wash. were fine places to live for may years until the California crowd started moving in. Next States to destroy- Texas and Georgia.

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        • ferd

          Points taken. But rebs know how to fuck things up (although in different ways) all by themselves. You can’t blame the yankees for the hideous Graham and Haley from neighboring SC.

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  5. numbersgame

    This rally is about to get REKT, sitting on a Descending Triangle trapdoor.

    Long TVIX, short news with no substance.

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