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

Markets Edge Higher; Le Fly Fucking Destroys the Tape Again

Good morning plebs. I woke up to a sundry of delicacies and have been eating them ever since. Pardon me as I take a moment to boast over wins.

SONO -5.7%

SWN +5.8%
CLB +5.1%
PE +4.3%
PEIX +5%
CODX +3.9%
SFIX +4%
MOMO +3.1%
SABR +2.44%
AG +1.7%
SPOT +1.6%

Those were my overnight hold. I then took to the tape, like a man with steely courage, and observed a foray of LITHIUM based stocks ripping. This whole recent move has been about ALT ENERGY, due to Biden up in the polls — believe them or not. I also bore witness to some action in the COVID-19 space, so I acted.

My closed day trades.

INO +5.8%
POLA +7.7%
OPTT +8.3%

I have several more simmering on the front burner, all in all +200BPS for the day.

I know what you’re thinking and it’s degenerate.

“If you have all those winners — why are you only +2%?”

Because life isn’t always this good. Just last week I couldn’t find a winner to save my life. Each position is a 5% weighting, which means I aim to make money based off my talent to find a lot of winners and not luck with one or two or three really big winners. Some of you might think this is too conservative, but I love trading too much to ever put myself in a position to get wiped the fuck out. Position sizing is the single most important thing, after limiting losses to max 10%.

Back to trading.

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One comment

  1. purdy

    ‘Those who day trade are degenerate gamblers.’
    – Fly circa 2019

    http://www.gamblersanonymous.org/ga/node/1323

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