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
19,771 Blog Posts

I’m Playing This Bounce Like a Giant Pussy

Advertisers love me. Titles like that is what they pay me for. That being said, it was a tongue in cheek joke — because I’m really a Viking Warrior King and Master Fucking Ace Trader (M.F.A.T.). But due to the present condition of stocks, juxtaposed against news flow and seasonality, I am opting for 70% cash or close to it.

This is not the season to be brave.

Granted, get out there kids and buy stocks, but not with all of your money. Hell, if you did that, your head might end up in the basket. Be gentle and take it easy — quit acting like a rapist.

I kicked out TQQQ. I had bought it yesterday and gained 1.85% on the trade. This was the fish I fed my members of Exodus, a delicious fish served over a bed of potatoes with a lemon and butter beurre blanc. You do not need to know how to cook at House Fly, only eat.

I have several other longs, maybe some gold, maybe some bonds. I do a lot of shit. But for right now, I need to head out and I do not want any intra-day risk, so I will likely reserve my next trade for the end of day.

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One comment

  1. numbersgame

    Quote the Fly:
    “I’m king and ‘m fat.”

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