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

THIS IS THE TYPE OF PERSON I AM

Yesterday I posted some EXCLUSIVE material inside The Capstone Programme, my mentorship scholarship service, discussing the fate of gold. I had been a long term bull of gold, ever since NUGT was $13. Yesterday, based upon the conditions I saw in the market, I stepped out of all my gold positions and bought DUST.

This was a successful trade.

This is the type of person I am, pal. I’m both a good person and an even better manager of money. I can pick the winners, just like the best of them.

For example, just today I stepped in and bought MNK. That’s a freebie for those too poor or cheap enough to join Exodus.

I bought about 5 or 6 stocks today, one an over weekend hold. Each and every day I buy one stock in the later afternoon and sell it the next day. 1 stock, 1 day, you know the rules.

I’m 8 for my last 10 trades. I am a prolific trader and a genuinely kind and overall great person, the best believe me. I wish you well and hope that you have yourselves a nice weekend.

If you do not like what I just said — fuck off.

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17 comments

  1. ferd

    A revenge movie the whole family can enjoy.

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  2. ericbakerbruce

    This blog is getting old….

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  3. numbersgame

    I don’t like or dislike what you just said, but I do want to point out to the little guys that if they place daily overnight trades, that will cost ~$2500/year in commissions ($5 buy + $5 sell * 250 trading days).

    What’s the size of your trading portfolio? $25,000? That’s 10% ***average*** to break even, but don’t forget to factor in that even the best traders rarely break 60% correct predictions.

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    • alty

      Not to mention bid/ask spreads and STCG if one of the few lucky ones

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    • MSGT HARTMAN

      It’s all paper trading here on iBC.

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    • bob smith

      Little guys or not, day trading is for action junkies and fails 99.99% of the time. These people trade for the thrill and the adrenaline jolt that are replaced with despair when their trading account hits zero, which is inevitable.

      To claim otherwise it to claim being faster and smarter than machines which sit right next to Wall Street.

      Those who claim otherwise are liars and probably broke.

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  4. MSGT HARTMAN

    You can teach a monkey to day trade. Click buy or sell on random stocks and get a banana.

    You cannot teach a monkey enough patience to make a lot of money.

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  5. snoozemr

    The Fly is a gifted writer. Often very entertaining. But he is most certainly no Jesse Livermore.

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  6. moosh

    Is the Wu-Tang: An American Saga, anything worth watching? Hard hitting questions such as these, demand meticulous answers.

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    • doubleplus

      Funny that you ask. I asked the same thing to a friend of mine that saw it, a prolific Wu fan who also happens to be from the hood. He gave it 4/5.

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      • moosh

        I went in anyways without the o great ones’ answer… and I agree with your friend so far. I’m not from the hood or wu officianado, but the first episode was pretty good.

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    • Dr. Fly

      I’d rather kill myself than watch that

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