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
20,793 Blog Posts

INCREDIBLE MELTUP FUELED BY WANTON PERVERSION

The Nasdaq jumped by more than 300 points, Bitcoins leapt over $40k, but yours truly had a trying time in the market trading. First and foremost, my static, once per mo managed, Quant was up 2.7%. Half of my money is there. I have a new account, called my Long Term Dollar Cost Average account and it was up 4.3%. It is 10 stocks that I buy every month, equal weight. And then there’s me, fucking guru stock trader who bellied into the session short via inverses. I was bogged at the open for -1.5%, traded back to nearly breakeven — and then got caught long in a cataclysm of spiraling crypto derivative stocks when BTC fell from $40k to $37k intra-session.

I took losses and my day was at session lows of -2.5%.

Having already traded 60 times, I placed a restriction on myself to only trade 1 stock at a time. If I wanted to buy XYZ, I had to sell something first. This kept me very disciplined to be accurate with my picks and caused me to watch every position with intensity. I never dipped below 45% cash during this time, from 2:30pm to the close.

Here were my trades into the bell:

ALDX +4.7%
OEG -3%
ENG +7%
UAVS +7.2%
FTFT +10.7%
IDEX +4.1%
And again IDEX +3%

I ended the day down 0.5%, more or less a nothing-burger, done via 89 fucking trades that makes you wonder why go through all there trouble. But then you look at the longer term returns and know you’re doing the right thing. These types of days happen and there is nothing you can do about it. Admittedly, I have never really day traded in my life, up until last year. I wasn’t equipped for it and never explored it. I was always an excellent stock picker, but rarely intra-day. That has of course changed drastically with my tools in StockLabs, which I hope to share with you soon. I sit and watch volume spikes, coupled with the technical grading algos, and catch waves all day long.

See you fuckers tomorrow.

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29 comments

  1. it is showtime

    Hi inner wall st CB circle

    3812.

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

    Rationale of post 2016 stock market increases
    was common ad hoc reasons
    (republican split congress taxes jobs)
    I said the -800 overnight dow reversal Nov 8 2016 was a banker power circle decision, and there was a wider game

    The assigning of trump’s stock market,
    The indexes are still being surged?
    (in beyond boombust condition)
    after the notional biden win?
    then after likely republican senate?
    then after democrat swept congress?
    Can we agree, now, there’s a bigger game?
    and I was right?

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  2. roguewave

    It’s a shame, the guy in charge of US Capitol security was fired. Who could have even imagined such a thing? It’s unfair. It’s not his fault. This was simply unprecedented, beyond imagination. I understand his lack of imagination. He wasn’t notified about the demonstration. He fell asleep, feet on his desk and forgot to lock the door. He’s working 2 jobs; that’s why he couldn’t stay awake.. He’s a patriot and hero for even risking his life going to work with those Covid infected . At least DC passed the $15/hr. minimum wage.
    The Marines are 3 blocks away. No one notified them. We need to spend another few trillion on protecting the capital.

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    • roguewave

      I’m still very worried about alkaieda. Was today a red alert day or orange alert day?

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    • narcist

      Yeah, who would have thunk! Unimaginable!

      Seriously though, even my second-grade niece saw this coming. Your IQ doesn’t need to be that much above average to think logically.

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    • narcist

      The moral midgetry of that handful or so of you in this channel is KKK grade.

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    • roguewave

      Very sad. There were 4 deaths last night. All 4 succumbed to the new version fast-spreading Covid-19. 1 also had incidental neck wounds.

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  3. narcist

    Now lock up all these fucking Klansmen.

    Better yet, put them in the blackest pods of the federal super-max facilities.

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    • emersonlakepalmer
      emersonlakepalmer

      at least it will be easy to find one of them there pods

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      • narcist

        For now. Not so much after the second term of President Harris.

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      • narcist

        Each and every one of them deserves no less than the Jeffrey Dahmer treatment, including their Klan leader Donald John Trump and his Joseph Goebbels (Rudolph Giuliani).

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        • Dr. Fly

          Narcist

          Quit your nonsensical rhetoric. You’re a divisive person. I let you spew your shit here, but maybe I shouldn’t.

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        • emersonlakepalmer
          emersonlakepalmer

          Giuliani was taking down the NYC mob when he was in his 30’s. While you trade penny stocks from your mommy’s basement and collect your CARES Act funds.

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  4. purdy

    So much for a unity president. They have this tool attacking Trump for criticizing the press and the intel community liars. Also, earlier today, Biden said that yesterday’s disorder was racist toward blacks because not enough white folk were shot. Why are his controllers having him divide the country? Not sustainable. https://twitter.com/i/status/1347310292854857736

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  5. one-eighty

    What do you think of ABUS?

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  6. duuude

    Ooohhhhh

    GoofBots !

    Go
    Go
    Go

    Goebbels !

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  7. emersonlakepalmer
    emersonlakepalmer

    PM’s getting hammered – think I will pick a little up and add to the stack.

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    • purdy

      Silver at the 50sma, Gold at the 200. Might add to silver if it bases here.

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    • bob smith

      I went all in on PMs today. This cascade today was due to the spike in the 10-year treasury which will be hammered down in short order. The USA can’t afford the interest on debt and that means yield curve control. There is no other option especially since trillions more will be printed… I’m guessing 3 times what was printed last year.

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      • emersonlakepalmer
        emersonlakepalmer

        Thanks – you just convinced me to log back in and purchase more.

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