Every brief turn lower, Le Fly donates his coin to the Gods via TZA and other inverse ETFs in order to satiate their craven appetite and to cleanse himself in the eyes of Zeus. I’ve done that now, losing 5% in two bearish ETF’, but now I’m ready to start gobbling coin again.
I’m presently down 94bps and will not attempt to trade out of it until after 1pm. I did make several purchases and I do like the tape, but day trades often fall flat from 11-1 and I really don’t expect much until then.
Long term, I like BABA off the highs and anything that appears doomed except ripple.If you enjoy the content at iBankCoin, please follow us on Twitter