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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Uh-huh. Yes, Dear.
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.
Take a ride to the Smokies.
Can I get a large fry?
White bread matters.
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.