It wasn’t hard to do, for me. I simply envisioned where I wanted the stock to be and it would be so. Today I sold out of my oversized $OSTK position — not because I hated the stock — but because profits must be harvested. In this market, you are only as good as your last trade and if you’re not trading — you are not training.
The results so far.
OSTK +14.7% x2
Markets are blasting off again, albeit on weak breadth. Nevertheless, this is precisely the sort of tape I wanted — the day after squeeze — the long stare into the souls of your enemies making them quake with fear.
Both my Quant and trading are up more than 220bps today. So far, a good day — but anything can happen.
Watch crude for leadership to the downside. Cryptos are back in play, and SPACs, well, are what everyone wants these days.If you enjoy the content at iBankCoin, please follow us on Twitter