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
21,387 Blog Posts

Genteel, Conservative, Easy Gains

I had an easy day, mostly in cash — trading whenever I felt like expressing some gratuitous risk tolerance. I was range bound and cautious due to the dislocation of the entire fucking market, safe a handful of secular stocks.

We are without question on the verge of tilting over and diving lower. But I will wait for confirmation before betting against the market.

I gained 46bps in what can only be described as a risk-free, genteel, pastoral even, trading session. I ended with 80% cash, betting DIBS will perform like NEGG tomorrow — worth a shot — taking advantage of the stupid fucking morons who pile into shit stocks for the laughs.

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