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
19,850 Blog Posts

Another Great Day for America

Ladies and gentlemen, and I give you this message with the utmost respect and gratitude — QUIT BEING SUCH PUSSIES. There are times in the market when I’ve dogged my account down and felt as if nothing could salvage my poor trading and all hope was lost, shattered against the hard rocks of fate. All of my sins had culminated into an account spiraling lower, a cosmic punishment of sorts — custom tailored for me.

But all of that is of course bullshit.

There isn’t a such thing as ‘fate’ and your trades have nothing to do with the amount of killings you’ve partaken in. I want you to understand something, so listen to me very quietly: TAKE RESPONSIBILITY FOR YOUR OWN ACTIONS. Gone are the days of blaming others or circumstances for your condition. Sure, you grew up without privilege and didn’t have the Ivy League experience like some of your fuckhead neighbors. That can be a strength, not a deficit, depending on how you look at it.

First thing you need to do is stop trying to get rich trading. It will never happen. Use a diversified approach to compound returns, loyally add to said account, and try not to micro-manage it. Your trading account should be disciplined and position sizes should be around 5%. I know what you’re thinking: “but I want to get rich trading.”

STFU you bitch.

You want to get better and you want to fulfill a need, a gambling itch. Who the fuck are you kidding? Trade small, have fun, get better, bet big only during times of extreme confidence.

Does this strike you as the type of market that you should go ‘all in’ on? Probably not.

We’re heading into the colder months of the year, typically a good time of year for stock trades. Live to fight another day and cut those fucking losses quick. Do these things and I promise you 10 years from today you will thank me.

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8 comments

  1. numbersgame

    Two thumbs up, Fly

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    • alty

      Says the guy trying to get rich trading. Hilarious

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      • numbersgame

        “First thing you need to do is stop trying to get rich trading…Use a diversified approach to compound returns…Your trading account should be disciplined ”

        Why do you even read this blog if you never trade and never sell?

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  2. it is showtime

    Trump tweet: “Our Economy would CRASH, just like in 1929, if any of those clowns became President”

    He’s correct. But from a methodical setup molded around him.
    Which I said by fall-2017, regarding a
    stock market Catch-22, was sealed.
    (of course, I said WITHIN—-A WEEK—-
    following the election, the synthetic &
    anomalous jumping of the indexes was
    not-even-definite-BUT-LIKELY potential
    sabotage)

    He’s correct but he’s been gamed. They created this. They created an index-level situation solely defenceless to political change, or political deposing. As I became corroborated by Q4 2017, on, from Nov’16, being played out in the President’s tweet in Oct 2019; before anyone else relayed, or could relay, it in such a direct precise explicit manner

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  3. krafty

    What should I put my 5% positions in, Fly Guy? ETFs? Stocks? Domestic only?

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    • krafty

      Thanks for the book recommendations.

      No gold please, I’m looking for growth, not bunker insulation.

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  4. ferd

    Dear Dr Fly, perhaps you are underexposed to otherwise fine Americans who are programmed by MSM. But you should know that there are a lot of people who have been successfully programmed to view Trump as a Putin agent. I have never seen the like of it. I implore you, watch “MTP Daily” tonight for a sampling of what people are being fed.

    I don’t know what their end game is, but I would not be 100% long non-defensive stocks until things were clearer.

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