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
22,168 Blog Posts

SMALL CAPS HAMMERED INTO DUST

We are swimming lower again. There is a palpable fear now and the sole respite in mega cap tech is on edge here. It’s the only thing keeping the market from dropping in a big way. I bet, incorrectly, for a mid-afternoon melt up and got long a pastiche of big cap tech and now find my losses DOUBLED for the session — 0ff by 1.6%.

I am tempted to sell everything and maybe scalp one of two trades to reduce losses to 1% for the day, which might be my best option. Being fully invested into fucking meltdown makes me want to put my head into an industrial powered fan.

I have nothing but hope and faith now, as I am subject to Mother Market and all of the Gods who control the prices on my screen.

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