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
20,559 Blog Posts

Trading To Win or Trade to Live?

It’s an interesting debate, one I’ve fallen into many times on both sides of the aisle. We have STOCK SNOBS out there with a fixation on market cap and they tend to eschew anything determined to be “high risk” in favor of more traditional names. Once upon a time, during the HFT era of +40 DOW points per day, I laughed at day traders as ridiculous ass-clowns — for wasting time attempting to beat machines.

But now…I am the machine. With Exodus and soon to be StockLabs, my data is just as fast and timely as anyone else. As such, and thanks to the advent of ZERO COMMISSIONS, retail is back — meaning the average Joe is trading again and the high frequency retards at JP Morgan are missing out on all the fun.

Some people say Robinhood is to blame. I happen to love this market and cannot tell you how happy I am to see young people interested in stocks again.

I do not have prejudices when it comes to my stock selection. The only criteria I am strict on is volume — because when I don’t want to get trapped in a fucking roach motel stock if the price reverses on me. But this is the golden era of stock trading and if you’re ignoring XYZ because its market cap is $100m, you are leaving money on the table — plain and simple.

This is my first day back from vacation, full time trading, using my new volume surge tools in StockLabs (grab a beta seat) — and here were the results.

AMBO +32%
JMIA +17%
RIOT +14.1%
APT +8%
WKHS +7%
XNET +11.5%
CBAY +15.4%

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6 comments

  1. tradercaddy

    I was intrigued by the stock symbol, RIOT.
    I thought it had to do with makers of IED’s, tear gas, non-skid knee pads (not for what you are thinking), or rubber bullets and it was on the rise because… well just because.
    I would have never figured it was a Blockchain technologies company.
    Interesting that it made a high of about $3600/share back in 2007 and it’s now 3.50/share.
    Looks like a well run Company.
    I realize it’s just a 2 hour trade for Fly.
    Maybe they should change their stock symbol to CRAP.

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  2. tradercaddy

    I forgot to add I thought it was interesting that RIOT announced last month delivery of about 3,000 Antminers.
    Not sure what that is but I hope they come with tiny helmets with tiny lights on them just in case they run into their termite enemy down in the caves.

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    • ericbakerbruce

      maybe you should invest some of your wealth in GE.

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      • tradercaddy

        I was think more along the lines of JC Penny where I got my first sport coat or maybe Montgomery Wards. They are always crowded.

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        • ericbakerbruce

          Ha! Nice. Brown corduroy with the elbow patches?

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          • tradercaddy

            No, it wasn’t that classy.
            It was plaid and made under their Towncraft label.
            I remember it well.
            I wore it to some Wedding and my parents caught my brother and myself listening to our AM transistor radio. We were probably trying to get WGN radio to see how Ernie Banks (Cubs) did that day.

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