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Trading with The Fly

Dr. Fly
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
23,468 Blog Posts

Odds Are, We Bounce

Dr. Fly Thu Mar 18, 2021 4:01pm EST 2 Comments

Horrifying session. Down 400 NASDAQS, WTI -9%. This feeeeeels different, like the top was real. Jim Biden is hard at work to reinstate the misery we endured from 2015-2016.

It’s over.

I was destroyed for 5% today, cashed out and the deployed half my money into defensive stocks. I didn’t want to short in the hole and I didn’t NOT want to buy on a massive down day, so I went conservative and defensive.

But odds are, we bounce and forget all about this by lunch tomorrow.

Happy trading.

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2 comments

  1. rigged game
    rigged game
    March 18, 2021 at 4:23 pm

    Now THAT’S the kind of stuff we want to hear!

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    • 0 Deem this to be "Fake News"
  2. heckler
    heckler
    March 18, 2021 at 6:43 pm

    “The Fly” has been ground into dust

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

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