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
21,077 Blog Posts

BARELY ESCAPED ALIVE

I was having a genteel day up 200bps until I got the idea to dive back into the market. I went ahead into some REITs and was immediately entreated to 10% drawdowns in both. I sold one, held the other for what it sure to be a fantastic bogging in the morning. I only held out of hope, nothing rooted in actual logic.

In my YOLO I went long the Dow via UDOW — since it held up well during the session. The idea is we are OS — but buying the NASDAQ is fucking retarded. We are seeing 10% drawdowns on a regular basis. The Dow is by far the more preferrable vehicle if trying to catch an OS bounce.

I think I can, I think I can — gosh darn it — I know I can.

+180% YTD. Beta invites for Stocklabs happening tonight. See you tomorrow.

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5 comments

  1. asteroids

    I’m starting to get a “bad” feeling about this market. But, as long as the FED keeps printing, I’m very long.

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    • it is showtime
      it is showtime

      I would suggest knowing they gamed Biden into title of presidency meant pumping the indexes could have narrative-changes

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      • rigged game

        Learn to speak English, boy. Like rigged game speaks.

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    • Dr. Fly

      Your feeeelings are irrelevant

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  2. maxx2000

    Ok… fuck feelings.. how about JNK HYG LQD close on lod. TNX and VIX elevated. short homebuilders like a mofo. See you tomorrow fuckers.

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