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
21,077 Blog Posts

A Whole Lot of Nothing

I’ve spun my wheels today, up barely 30bps for MAX effort. Meanwhile over in SHITCOIN Ville, I am up another thousand percent. Why bother with earnings calls and surprise dilutive offerings when you can envelope yourselves in MAXIMUM depravity, betwixt with people who know just as much about livestock than common stock.

I have traded BSV, LTC, ETC, BCH and ADA for 10-30% gains since yesterday, all the while I struggle to find a singular narrative in the market, other than Jim Biden spending $80b to bulk up the IRS in order to target small businesses.

I trade because I am good at it. On days I am poor at it, I am miserable — because I know I could’ve done better, sold this sooner, bought this later. Nothing will or can be perfect. But at least we can control the methods how we choose stocks and the risk we allocate.

Some easy to follow rules.

Position sizes no more than 5%, rare 10% on double downs.
Max risk downside of 10%
If day trading, constantly cull weak performers and replace them with one’s moving.

You will be able to use out tools at StockLabs for free soon, as we put on the finishing touches on BETA INVITES. If you have not signed up yet, do so now — you absolute fucked face.

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