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

We’re Entering the Gambler Phase of the Rally

Busy fucking day here at House Fly, southern plantation edition.

For those of you playing at home. Stocks are up huge on the YTD basis and we’re in earnings season, during the latter part of the year. Thanks fucking Giving is just around the bend and spirits are high. This is the point along the narrative when retards go crazy and start taking big gambles. As you know, Le Fly isn’t a man to partake in such chicanery and merely observes bad behavior from afar. I bought 5 stocks today, sold 4 or 5 and have done well — really really well. I do not ever intend to become an option trading degenerate and I will never leverage my Robinhood account 500x just for the sake of posting memes. There are smart people in this world, and then there’s everyone else.

I do a lot of shit talking on this site and I do enjoy the banter, but please never forget the focus here, especially with real money and real lives on the line. “You’re only as good as your last trade” applies for gamblers only. In the big scheme of things, you’re only as good as your Sharpe ratio over the past 5. If you don’t know what that means, quit being a lazy American and do some research.

Good day.

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10 comments

  1. numbersgame

    ROKU LOL

    Hopefully, more jackasses think of this as a buying opportunity and pump it back up in the morning so I can short it. Talking to you, wolfdaddy.

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    • wolfdaddy

      Not in roku genius. If I was a degenerate I would have bought puts as well, seeing that every high flyer is getting homo hammered after earnings.

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    • og

      Sold before earnings and bought the dip AH. Roku has been great both ways this year.

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      • numbersgame

        Maybe it hits $130 again for a trade, but long-term investors shoudl wait for $110 or below. Hard to say if that is even above fair-value (as there are np profit projections, only losses), but at least there is price support there.

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  2. probucks

    OK BOOMER!

    We all already know Sharpe Ratios are FAKENEWS!!!
    We learned this in 2008.

    Load up on some of that Infinite Leverage. This is a new dawn, this is a new day

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  3. it is showtime

    gdpnow q4
    forecast: 1.0

    wouldn’t that “Suck For Bulls” if you’re getting further weakening gdp while rate cut easing is underway, sprialing everything together

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  4. soupbone

    we are waiting for a canary to die. burned last time because the canary died in April 2007 and few noticed. now we are on high alert for an event signal that we have been taught by intense pain is to be expected. and so it shall not happen again, not in the same way.

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  5. jacked rabbit

    “This is the point along the narrative when retards go crazy and start taking big gambles. As you know, Le Fly isn’t a man to partake in such chicanery and merely observes bad behavior from afar.”

    Pretty funny coming from a guy who has profited handsomely from holding stock for a shorter period of time than it takes for me to fill in my morning Cramer bingo card.

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