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
23,431 Blog Posts

Hard Times for Momentum Traders Are Here

If you haven’t been concentrated in tera cap growth stocks the past week, you made no money. If you made money, you had some good picks and fortune. I find myself, inexorably, chasing the dragon — late and often wrong. The losses are 10% off the highs, which feels worse than it really is and that’s because I am accustomed to winning more often than not.

The danger of a losing streak is taking it personal. It’s easy to at some point draw a line in the sand and refuse to accept reality, no longer adhere to stop losses, and start absorbing heavy losses.

For now, I remain obstinately bullish, 100% invested.

If you enjoy the content at iBankCoin, please follow us on Twitter

4 comments

  1. ericbakerbruce

    Hello CB scum-sucking douches
    6,435,986
    I just named
    My net worth in thousands
    You can’t touch my wee-wee

    • 1
    • 0
    • 0 Deem this to be "Fake News"
    • it is showtime

      They’re running overt final move again lol (laughable anomalous naz vertical with steady volatility reversal)

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • ericbakerbruce

        It is their segnall for old Champelysied to seek the shades of his retirement and for young Chappielassies to tear a round and tease their partners lovesoftfun at Finnegan’s Wake.

        • 2
        • 0
        • 0 Deem this to be "Fake News"
  2. barbee

    I must say that I have noticed you are in a slump….looks like I picked the wrong month. 🙂
    But it’s only been 1 month (for both of us) Chill out over the weekend and get your mojo back.
    September will be better.

    • 0
    • 0
    • 0 Deem this to be "Fake News"