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
21,264 Blog Posts

IT’S OVER: THE FLY CAPSIZES

What an utterly useless avocation this now is — me coming here to discuss failures. It’s over for me. I had many good runs and valiant efforts. I was a solid trader through and through and loved doing it. But today’s sojourn into disaster is the straw that broke my back, me being the camel and all.

DOWN 425BPS and I do not even know why. Markets aren’t that bad. I wasn’t even fully invested. The only reasonable explanation is that I am cursed, haunted by devils who are shorting my stocks to malign me.

This is unacceptable, so therefore, I have HALTED my trading account and do not know when I will revisit it. Frankly, I do not deserve to trade. I should be washing dishes or perhaps cooking bread like a fat fuck.

Trading was fun and many of you benefitted from my wisdom; but now it’s over.

Ciao

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6 comments

  1. irma vep

    Uh-huh. Yes, Dear.

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  2. edge

    I cut back on positions yesterday. About a third cash and bought some SPY 420 puts.
    I’m expecting a cautious market and some pullback until it’s clear that that 4 trillion is coming through. Then a quickish rally followed by another pullback through October. Nothing horrible, the Fed and US Government won’t allow it- TINA.
    The show must and will go on.

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  3. duuude

    Take a ride to the Smokies.

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  4. indexjoe

    Can I get a large fry?

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  5. emersonlakepalmer

    White bread matters.

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  6. roguewave

    You’d look good in a McD hat.
    In crypto a 15% daily drop in your entire portfolio is sadly, routine.

    Fact is, there’s a way to beat this market. How? That’s why you get the big bucks..Tenacity, creativity and persistence?

    And/or perhaps better table selection. The majority of the biggest players are still not at the crypto table. But they’re circling.

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