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

Big Takeaways From Last Night’s Debate

JFC — I am blogging late. I had a Stocklabs development meeting and got sidetracked thanks to my fucking losses. I managed to sell FAZ in the morning for a minor loss — but I am still, nevertheless, ransacked by more than 2%, presently — because, apparently, Black Lives DO NOT MATTER — according to both candidates in last night’s event.

I had expected both to pander like a motherfucker and do what’s right and offer 100s of billions in PLATINUM packages to the black community. Instead, all I got was a fucking tax hike from Biden and major shit talking from Trump. In a sense, they failed me and I am now saddled with two BLM centric stocks and a 3 sized TZA position which is down nearly 200bps from basis.

I also just fucked myself a little more in WATT — down 12% in a bad, really bad, day trade. I just closed it out. Normally on a day like today, I’m all tits and balls, making so much money my face turns numb. Instead, I am merely hedged by my own quant, which is up 1.1%. I am a loser today, most terribly and terrifically.

The day is not thru, true. But my gambits have failed thus far and I fear the more I try to dig myself out — the worse I will make it.

In spite of all that, I’ll try some more digging.

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14 comments

  1. purdy

    Charging stations were the play.

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  2. purdy

    …the Biden pandering was to air huggers.

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    • heckler

      Solar is fucking loving it. Looks like I’ll be paying my bills this month with just the few TAN calls I acquired when I BTFD

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  3. oilerua

    where the [email protected] is your space magician forecast pain mess next leg lext lower buddy

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  4. purdy

    Retrace over, the plunge begins.

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    • heckler

      You bears…. Why the fuck would we crash out of nowhere?

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      • purdy

        Not out of nowhere. The plunge began on 9/2 when I posted right here that the Naz had just shot it’s load. It had a 50%ish retrace of that plunge as of today, and now may be resuming in it’s no-stimulus direction.

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        • heckler

          Yeah man def watching but I’m long and strong rn. Today and tomorrow will set the tone for the month.

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      • edge

        Mitch pissed on the bull’s party today.

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  5. heckler

    I betcha guys Biden wins 40 states any takers?

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  6. purdy

    Bonds were saying we get drugs, now both stocks and bonds aren’t sure.

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  7. purdy

    I figure they want to install Biden and that they’d like to initiate any market reality adjustment while Trump is a lame duck.

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  8. 'merica

    The better looking candidate always wins. Prove me wrong. Who is easier to look at here?

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