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

Booking Losses During Big Runs is Important

Important reminder for you absolute faggots out there.

If you should happen to own stocks that are doing poorly in the midst of a big run, you’re in the wrong stocks. If you’re in the wrong stocks, you either need to elongate your time frame for a best ideas approach or you’re an idiot on the precipice of loss.

After going 17 for my last 19, I just booked three losses in a row. This is what happens when the bulls gets that exuberance.

(LK -10.2%)
(TEVA 7.9%)
(YELP -9.3%)

The worst part is TEVA screaming higher today — but oh well.

Truth is, I am a Master Ace stock trader and could never lose for an extended period of time — even if I tried. Some of you might take a foray into my world and get BOGGED out immediately during one of my downturns, but that’s your fault because you were stupid and didn’t know how to size positions correctly and only chose some of my ideas and not all. If you’re eating my fish, you need to eat them all in order to attain the full experience. By cherry picking my ideas, you are essentially being a stock picker of a stock picker, in one of the most volatile games in the world — rendering my craft, my modern living work of art, meaningless shit.

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8 comments

  1. ericbakerbruce

    Ha ha ha—— loser!

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  2. mrcharlie

    Fly! You smug faggot fuckin FUCK!!!! Hate your guts!!!! 🙂

    oldie but a goodie

    https://www.youtube.com/watch?v=-DF64y0LLbc

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  3. og

    Software looks like it wants lower.

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  4. numbersgame

    With all my haters out there, I’m surprised no one is talkign about the compelte rout in Treasury bonds (TLT). PMs getting trashed as well.

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