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

No Crash, Just a Slump

I closed out my SQQQ position shortly after 4am. I’m experimenting with trading at that time. I view it mostly as an advantage to the plebs who have to wait until 8am. I was able to save money on that exit.

Markets are straight up this morning but I’m still managing to lose coin, off by 50bps. I’m mostly cash and the stuff I have simply isn’t working. I need new stuff, but really don’t feel like it. Maybe later.

I’m up 119% YTD and have traded like a lunatic for months, so maybe I’m a little mentally stupid now, sort of mean reverting back to pedestrian.

My quant and other accounts are sharply higher, all except my trading. I’ll get around to it later today. Perhaps after a pot of coffee I’ll feel enamored by it again.

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5 comments

  1. heckler

    Just wanted to say thanks for buying those 3x inverse etfs

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  2. ChuChuRockit

    $BTC.X happened. Market disruptor(?) as it appears to be breaking the model

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  3. irma vep

    Short power nap then coffee.

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  4. itsgold

    Just keep buying the crypto… and maybe lumber

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  5. purdy

    Market is fucked. Long VXX here.

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