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
20,629 Blog Posts

Great Tragic Tragedies Strikes Traders Down

It wasn’t supposed to be this way. Stonks, as they’re popular known amongst the idiot class of investor, are supposed to only go up. Lo and behold, the NASDAQ is now knifing lower — off by more than 200. Miserably, I only have 1 hedge, and I closed out my SQQQ when the NASDAQ was down 150. I too bought into the fervor, pretended that nothing was wrong and how wonderful stocks were, all because the Federal Reserve sucked its dick.

I am more than happy, in fact elated, to donate some of my 300% YTD gains in exchange for pain and misery amongst the TikTok investment class. To this end, I am 30% cash, triggered lower amidst a flurry of panic sales, eagerly awaiting the next leg to drop.

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5 comments

  1. ericbakerbruce

    yawn

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  2. purdy

    Margin requirements about to increase.

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  3. maxx2000

    WTF we’re just hitting July/Aug support. Everybody take a chill pill. Long AMZN

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  4. heckler

    I bought the close been in cash all month let’s see what happens

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