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
23,419 Blog Posts

Closed the Week Out a Fucking Loser

I opened the day with 250bps losses and hemmed them a bit, shutting it down 1.7%. Not a horrendous day — but I should’ve been up. I traded fat and sloppy — really sad. Typically I get a morning run that cements my day. If down by 11am, I am fucked until late day. Today we saw security stocks like FEYE and CRWD jump the fuck higher. I traded MCFE successfully — because America is open season for hackers and everyone gets a piece of the action. BIG TECH loves it and makes endless streams of cash from inept government agencies who are too fucking stupid to protect themselves from slavic retards coding from their local Borscht takeout cafes.

My Quant was up 125bps, so I was a winner in a sense. Plus in my long term portfolio, I own TSLA and other shit moving up. I made 75bps there too. The point is, you need money to make money. We all know that. I am still a piker amongst kings — but I’ve carved my way slowly and methodically. If young or without coin, my best advice, as if you were a friend, would be to add money into the market every month like paying a bill. Get a long term portfolio and buy them and build your account over the next 2-3 years. When you have $25k-50k, you can begin trading — but not before. I do not recommend people trade with accounts less than $50k. And, most importantly, if that $50k is your net worth — DO NOT TRADE IT. Compound those returns over time and although you might not live long enough to enjoy the fruits of your everlasting labor — hopefully your rotten kids or grandkids could — and they could, perhaps, provide their loved one’s with a lifestyle built off your legacy. Sounds incredibly selfless — because it is.

If you enjoy the content at iBankCoin, please follow us on Twitter

12 comments

  1. heckler

    Vids of the “mall shootout” or it didn’t happen

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. narcist

    The BuyDips&Hodlers kicked some serious asses for another week. Way too easy.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. roguewave

    If young or without coin, my best advice, as if you were a friend, would be to add money into the crypto market every day/week like paying a bill. Yes, you can start with $10.00!

    Get a long term portfolio: BTC and ETH. Devote every spare moment to learning crypto and markets. Begin IMMEDIATELY: Videos, podcasts,,, Over the next 2-3 years, you have a chance to become wealthy.

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  4. roguewave

    ot, song:
    https://www.youtube.com/watch?v=V_UJDR5_xtA

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. mad marsupial

    Top of watch-list for Cyber:

    CYRN FEYE QLYS CYBR PFPT MIME MCFE PANW FTNT HACK OSPN

    Of course SWI didn’t get the same memo (-16%)

    Friday was throw a dart and make bank.

    • 0
    • 0
    • 0 Deem this to be "Fake News"