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
23,428 Blog Posts

Eagerly Waiting for a Courrection

I am about 55% cash with just about the biggest piece of shit portfolio possible. I am tempting the stocks gods to offer me a 100000000bps drawdown. And to be honest, I would rather enjoy it. The toil and the certitude of always making money wears thin on me. I’d rather, dare I say, fall down a manhole and climb myself back out from the rats gnawing at my feet.

I traded a little of this and a little of that — made 230bps just for showing up.

I will say, rather emphatically, if you’re not up in the ballpark of 150% this year — you’re not a very good trader. The money is simply out there for you to take it.

Are you man enough to take it? Are you good enough?

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12 comments

  1. hidden hills

    Not a trader here, long long term investor. Have stocks from the 80s from my dad. Pedestrian returns up about 48% this year. Still good for us. Now my son is up over 400% on very spec stocks. He bought 200,000 shares of MARA at 2$ 1 million shares of APHA 2.75 and has all the rest of the covid plays, TDOC, DOCU, ZM. Says he has his eyes on a Little 8 million dollar beach house down here in Malibu. Very long term generational investing is the only way for us. Still have four apartment buildings 174 units that my grandfather and father built in 1952. All the negativity over the last 40 years has been wrong. Every panic sell has turned out to be long term wrong. Just look at this year as another example. Good luck to everybody

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  2. it is showtime

    Hi inner wall st CB circle

    3743.

    I just named a number
    you cant get the S&P
    to hit. Can’t even touch.
    have a good day

    Reminder
    Several months ago it was clear qanon was a psyop?
    Winter 2017 I said Q was probably disinfo
    Q stated Alex Jones was not authentic maga
    False, Alex was a trump movement core
    Most Q followers at the time said,
    Q, takes precedence, Alex a shill
    Some possibility of tactical fakeout
    I knew just-flagrant bs
    Fucking nailed it.

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  3. narcist

    A mini-correction is possible circa the Georgia run-off elections early next month.

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    • moosh

      Lol, you actually believe what you typed?

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      • moosh

        By that, I mean you gave yourself a window of a month to bravely call a mini correction is possible within a post suggesting a correction. But its due to georgia run off elections of course

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        • narcist

          What’s up with these obnoxious alts? I *do believe* these shitty alts have been killing this blog.

          Bring back “chuck bennett” et al. for a pleasant change maybe.

          And the news outlets absolutely talk about the Senate, even the ones in Australia, because they know these two seats decide how much the stimulus strength will be.

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          • moosh

            Ha, news outlets talking politics are how you get your stock trading wisdom? Wow, thats a gem. No wonder you’ve done so well over the last 7.5 years as the rest of us

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          • narcist

            Oy vey. Now you are acting dumb again.

            You already knew I only trade futures.

            And, yes, my $20k charity offer remains valid as long as I still log on to this site.

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  4. francis

    Fly, un homme de grande culture. Merci pour ce beau moment.

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