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
19,906 Blog Posts

I GIVE YOU (dot dot dot) MOAR FISH

I just sold out from JNUG for a 3.9% gain. This is what I do, every single day — feeding the masses fish because they’re hungry, clamoring for sustenance.

Here are my last 10 trades.

TVIX +2.2%,
TVIX +6.6%
TVIX +4.7%
TVIX +8.22%
TZA +4.7%
(YANG -5.1%)
TQQQ +1.85%
(ROKU -3.5%)
MU +2.3%
JNUG +3.9%

Now post yours.

See pal, that’s who I am and you’re nothing.

Moving on, I bought a bunch of stocks into the bell, 45% cash, winning all the fucking time.

HAGW.

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9 comments

  1. numbersgame

    Long MU and ROKU…seems that someone posted about that recently….

    Anyway, I am surprised by the late surge in *both* TLT and SPY. Once SPY went past $294, I thought that TLT would drop (its a long term play for me), just like the VIX. Guess that disparity will work itself out next week.

    I did sneak an AMZN short play into the close (just a little rich of my named target). Since each option contract controls 100 shares: ie $174,000 worth of AMZN, I went with a calendar spread instead of a vertical spread (ie, lower leverage). I bought OTM Dec’19 puts and sold Nov ’19 puts at the same strike. This will make maximum profit if I hold ’til Novemeber and the strike is hit, giving me a lot of time to make my money. At the same time, it is delta positive, so that means that it will make money even if AMZN doesn’t move. If AMZN rises significantly, then the postion will lose money.

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  2. spaceman

    I only have two trades physical gold and physical silver I’ve been entering the trade for 6 months and I’m down on my last two silver eagle buys but up on all gold eagle buys. My metal is being shipped to another depository more secure and only 50 basis points and into a segregated account so when SHTF and there’s no metal available well well well well.

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    • moosh

      Whoa, that shit sounds secure as shit when SHTF. You should test trying to pull it out, like whenever though. Then factor in earthquakes and EMT. Keep us posted

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    • mx2101

      Not meaning to be nihilistic or hopeless. Here’s my view: When SHTF what will you obtain in exchange for your metal? And what price or value will you receive in a dangerous chaotic environment? SHTF environment could go on for weeks or months, or until your death.

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    • spaceman

      Okay here is my plan for SHTF I live on social security which will be cut by 25 to 50 percent in a few years but since I live in section 8 housing my rent goes down and I pay no utilities phone bill cable expense only $20 for internet. In a dangerous chaotic environment I have learned that WALMART will be the go to store since the government will support supply protect at their location and since I live a quarter mile away I should survive. The gold and silver should absolutely thrive in this environment assuming no nukes within 1000 miles of the vault and hopefully nowhere at all. Also if an EMP happens survival may be tough but WALMART may still function backed up by the US MILITARY. Last let’s not sweat the small stuff like earthquakes and as for pulling out a gold coin forget it I might get mugged.

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  3. mx2101

    also- a few weeks I read about a young, ambitious person proudly starting a fund to protect against financial meltdown. The fund was to invest in protective derivatives. I was flabbergasted. Two words… NO BID

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  4. omfgitsjd

    I’ve been been busy on other things while holding at 40% money market, 40% treasuries, and 20% stable dividend stocks. Time to reassess soon.

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