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

The Losses Continue…

Fucking shit. I just booked a sundry of losses, making me 22 for my last 28 trades LOSSES. Cocksucker, motherfucker.

Albeit, many of them are small, below 5%; but they add up. Today I was ENTREATED to a most heinous -14.7% loss in SONO. You might ask yourself, ‘why is this fucked for face boasting here about his losses? Doesn’t this fucker pretend to be some sort of a trading God?”

While all good and valid points. I do appreciate your candor — but it’s important to show you, the UNWASHED PLEB, both sides of the glamorous life of trading. At times we are invincible and nothing can stop us. Prior to this decline, I did this in a single day.

AMBO +32%
JMIA +17%
RIOT +14.1%
APT +8%
WKHS +7%
XNET +11.5%
CBAY +15.4%
PLUG +5.9%
COCP +7.1%
BE +4.2%

Trading, like anything else, is a matter of discipline and method. Sometimes those methods stop working because the character of the market is changing in real time. While I cannot predict we are due for some sort of major market disruption, I can tell you something is afoot. The ground is loosening and the speculative fervor is waning.

As for me, today’s DEBACLE has amounted to no more than 150bps. I will of course recover and bury my enemies in shallow graves. I do of course have some winners to be booked and I have a mind for this sort of market too, so I’ll need to apply myself to my best in order to turn things around.

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8 comments

  1. bambam

    Take me back to Constantinople

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  2. teslawasright

    Jobs numbers tomorrow. I wish I was in the Pelican’s room to know how to play silver short term.

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  3. ha

    something is afoot

    Yes our ‘public servants’ [sic] are positioning their investments in advance of the next stimulus package. Times are tough. Margins are being squeezed on pay-to-play, extortion, kick backs,…

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  4. heckler

    Sounds like you should just step away… Maybe go on vacation for awhile?

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    • tradercaddy

      For sure.
      I hear Asheville is nice.
      And don’t forget to bring the dogs.

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  5. teslawasright

    strangle play

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  6. rickyretardo

    Anyone else enjoy RKT as much as I did?

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  7. spaceman

    EVERYTHING YOU GOT INTO SILVER STAT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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