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
20,868 Blog Posts

Closing Out the Week a Loser

My MTD gains have been reduced to just +30%, following a week of tumult — which fleeced me for 325bps. I cannot say for sure what was the prime mover in my disconnection from the Matrix, but I will insist upon success next week and for the foreseeable future, in order to cleanse myself from this feeling of fail.

The spectacle of having to endure losses is something I am not accustomed to in recent days — but know full well the manifestations of momentum and when one loses his initiative in markets.

Intra day, I weighted into more traditional names focused on inflation and trade with China. I have numerous speculative positions on, one of which is a 15% weight. My intent is to be reckless because failure is often met with desperation. I know how this story ends, since I have played it out innumerable times. But in the midst of the heated moment, it always feeeeeeels different.

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6 comments

  1. indexjoe

    $SOS – Sorry Old Sailor

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  2. shy

    Better luck next week champ.

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  3. purdy

    Well, you’ve had quite a run …sucks though when a Friday is a shitty day. Got out of my biotech short at good price on Thursday ..and out of Russell short at shitty price yesterday – – after giving back much of my gains. But at some point, the new gamblers will join in your move to suppliers of things that hard-working Asians need …and that move will hurt the little infinity-times-revenue stocks.

    Big rotation last week – but the Matrix is complacent – – VIX doesn’t seem to much care. Maybe this is normal end-of-empire stuff??? …this is the first budding collapse I’ve traded through.

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  4. lawbroker

    Nice call on Uniswap,Fly

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  5. ezthere

    Rates increasing, tax selling and rotation, once this 1.9T gov bump is ova then what? Another 2 T bump. Is it enough to get that bear market?

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  6. barbee

    Don’t sweat it Boss. You got this.
    I was down a bit too. But after checking my math…I see that I have already, in the 1st 7 weeks of 2021, made the same profit as I had in all of 2020. Nothing for me to complain about! As always: Thanks to Dr. Fly, the PR and Exodus. (Soon: Stock Labs!)
    Thanks!

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