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
20,951 Blog Posts

Booked a Solid Return Post Raping

Things were going pleasantly inside Stocklabs and I was trading like a real pro. I was made to look professional, zipping in and out of stocks for sport and profit. Then I stumbled into the Playboy mansion and was summarily raped, shed 10% in a doubled sized position. I was also then capsized in two others stocks for 9% drubbings. Seeing the market moving higher, I immediately stopped trying to trade like a pro and instead took most of my cash to possess a market position, slightly geared towards alpha.

By 2:30pm I waned and was heaving over like a fat pig, up only 35bps.

But then into the final hour I wore the armor of a champion, went out there and applied leverage to my account and came out ahead by 166bps.

Why do I tell you this?

Not to boast. I am reminding you that there are times you need to step aside and let the market move and there are other times when you’re tuned in and you can outrun the market. Most times I am able to outrun the market. But over the past two weeks I have shed 10% from the highs. That’s not much, especially since I am +160% YTD — but I felt it. The money isn’t important but the confidence is important. When confidence is high, trades come easy and the ideas flow. We are only human.

Stocklabs has launched only for Exodus users and we are working thru the beta trial, fixing bugs and adding features in preparation for a general audience launch. I can tell you without equivocation, it is the only thing I will ever use when trading and once you’re inside you will appreciate all of the detailed effort we put into it.

I am exhausted and have been running a chaotic schedule. I am back to cutting and at the gym or tennis 5 days per week. I depart for Savannah in mid April and could use a vacation.

NO BOOZE, NO CARBS, NO FUN — just work.

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6 comments

  1. it is showtime

    Hi inner wall st CB circle

    4024.

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

    Gekko: The richest one percent of this country owns half our country’s wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons – and what I do, stock and real estate speculation. It’s bullshit. You got ninety percent of the American public out there with little or no net worth. I create nothing. I own. We make the rules, pal. The news, war, peace, famine, upheaval, the price per paper clip.

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    • emersonlakepalmer
      emersonlakepalmer

      You really are a broken record.

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      • it is showtime

        So, Kashkari says levels are “a bit elevated”
        When that’s not correct, levels are severely dislocated.
        He says a bit elevated, makes things challenging.
        Yet the ppt, as a notional subsidiary of the fed,
        Continues force-pivoting every drop, And driving those levels even higher.

        When the bit elevated, which is actually severely dislocated,
        that is challenging is only getting worse.

        Kashkari knows it’s not just a, bit, elevated
        Fed knows the only outcome from pushing more, is systemic
        Ppt knows they’re exacerbating to the next inflection

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        • emersonlakepalmer
          emersonlakepalmer

          So are you short or out of the market?

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          • 'merica

            I imagine he is deeply entrenched in a filthy couch, wiping potato chip grease off his chubby and short fingers, onto a ten year old t-shirt, as he types away at his Acer laptop, perched upon a belly that would rival an 8 1/2 month pregnant woman.

            Or maybe he is a she, in which case my mind would be blown.

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          • emersonlakepalmer
            emersonlakepalmer

            Shit…I have an acer laptop

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