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
19,895 Blog Posts

Turned Over Trading Account In Search of Continuity

I ran into a dry spell, losing in 5 straight trades. Losses ranged from -0.7% to -8.5%. I felt good about those stocks when I had bought them; but truthfully felt no allegiance or sense of conviction with them, so they are out. I suppose one could argue that I could just hold them and wait for better prints. But it’s not my style, and with zero commissions — I have little to no motivation to abstain from churning myself.

Your style might be to sit and hold. I am of the fluid type, always hunting for fresh kills. When my prey grows stale, I often cut losses quickly and move on. At times, this brand of trading can become meddlesome, especially for those attempting to follow me. Losses pile up in stacks, like dead bodies outside the city gates. But the enemy can never enter my castle, an impenetrable fortress armed with trebuchets and plague infected arrows.

Do not fear for the future of Le Fly, for it is already etched in stone. Things will work out wonderfully, and more. I turned over my account today and bought another 7 stocks in an ordinary gambit for me, switching things up. Divorce is good when you have a plan. If you don’t, next thing you know you’re bogged the fuck out for -50%.

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9 comments

  1. it is showtime

    See how stupid you fuckers were-

    Who was it who said history 07-08 may repeat itself?
    “Record High” stock market
    built on a “Debt bubble”
    Election year republican president
    Switchover to democrat from econ chaos
    “Strong” economy
    Incumbent “bad” and “corrupt” we need “change”

    Most of you lemmings have been proven (fucking) STUPID

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    • rigged game

      When we got a Dem in there, the market TRIPLED in his 8 years.
      That’s six times better than what the Orange Extorter has done.

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      • wolfdaddy

        Starting from a meltdown at 666 and QE you fucking imbeciles

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      • numbersgame

        The meltdown happenned under who’s watch?

        Anyway, I think Trump should deserve more credit for the stock market moves than Obama deserved for his. Of course, that beings said, the Republcian trifecta in 2016 was the only reason Trump got his policies through. Don’t forget: futures ***crashed*** after Trump secured the presidencey, and only recovered when the R’s held the Senate.

        More importantly, ***any*** tax break and loosenign of regulattions will help the stock market in the ***short term***. However, the tax break for the rich is destructive in the long term because we don’t have any supply constraints: fudns were already cheap enough that business could expand if they wanted to. Most of Trump’s cahnges just served his Cabinet of 1% and funnelled even more wealth to the 1%.

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  2. ferd

    I sense that some readers are thinking that a sober Fly sucks at trading …but they’re too well-mannered to make note of that here.

    You’re welcome.

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  3. WrongView

    9 out of 10.

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  4. maxx2000

    How refreshing to see Senior Fly wield the truth as the glorious codpiece that it is, and not hide behind some pathetic mumblings or distortions. I have a feeling a sober man of honour knows exactly what needs to be done. Thank you Dr Fly for reminding me this is not an easy business and I need to bring my A game every day. As far as no commissions, I am pinching myself every fucking day. Nobody wake me if I’m dreaming.

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  5. numbersgame

    LK needs to desperately retake it’s open befoer it becomes another lesson for newbies

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