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
23,419 Blog Posts

WOOSH! And Back Down We Go

It’s real hard out there, being a trader, trying to read the tea leaves and sense which direction the winds are blowing. Believe me, I feel your plight. We were down, then up, and now back down again. How does someone, such as yourself, low IQ and also poorly equipped to compete, deal with these pangs.

CUT LOSSES QUICKLY. STOP THINKING YOU’RE SPECIAL.

I have three stocks I just bought today all knifing lower on me. Part of me wants to hold them — because I am “The Fly” and I cannot be wrong. XYZ was purchased at the price of my choosing and since my IQ is 155, I cannot be wrong. This sort of harebrained thinking is exactly what drives people into the poorhouse and beyond — homeless man walking the streets degenerately with tin cup in tow.

Listen to me now. Take it easy and quit trying to capture every move. Trade with honor and poise and you’ll be ok. Or, you can just eat my fish inside Exodus. Sometimes I serve bad fish and you might get food poisoning, soil yourself and violently vomit. But on the all, you’ll be ok.

My last 12 trades.

TJX +2.4%
SGEN +17%
(PIR -15%)
NAV +8.9%
(NET -13.5%)
STMP +19%
ARWR +6.4%
GME +5.1%
TROV +9.9%
TROV +9.9%
MNK +7.8%
BBBY +9.3%

See pal, that’s who I am. I haven’t closed out those bad trades on my ledger yet, so do not think for a second that I am some sort of super human sage. Like you, I am fallible and bald, and at times I get frustrated. But where I differ from the lot of you is in my resiliency. I am able to pick myself up and throw giant spears into the heads of my enemies, especially when said enemies believe me to be mortally wounded.

I am digressing.

We’re in a weird zone for stocks, best to have some cash and patience. I do not like gold yet and I really want to like stocks — but they’re behaving poorly. Let’s wait and see.

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3 comments

  1. numbersgame

    Action in TLT is disappointing to say the least. Is it September 19?

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  2. it is showtime

    Very, very typical of the index manipulation at these stages, and in combination with no catalyst/lack of catalyst: A pump that stands out as synthetic (magnitude/duration/context), 10:30-11:30
    Game playing generally.
    +100 dow ok yeah right aholers lol
    That one actually came down steadily. Naz&spy are in direct mirror mode, which generally means the manipulations are just-doing tech leaders, to goose the index. Market wants down, the drift can be shown to be the natural-direction, thru the intraday, but it’s not be allowed [to drift down], as it looks like algo inflows are keeping any red, flat. The primary manipulation is sentiment-purposed, propaganda-purposed, potentially laundering-Related, fake as fuck. See my finger

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  3. soupbone

    It boils down to earnings. Are the earnings pleasing or not?
    Will zirp or relative dividend appeal change that this time, I doubt.

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