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
21,324 Blog Posts

More Fades; Some Momo in Tech

I took the morning off. But before I did I liquidated most of my positions, tidied up a bit and left when exactly flat for the session. I have one hedge and several solar stocks and one or two oils and none of them, except the hedge, did well. While looking at the tape now, all I could see were all of the stocks I thought would go up in fact go up. For the past month or so this has been the root of my failures — missing out and then chasing and then stopping out for losses.

This time I am sticking to a plan, even if it means missing out on some fast money. I am down around 45bps now and as disheartening as that might seem, it’s really not much at all. What worse is taking 45bps and sinking downwards to -2% off the back of poorly timed and placed trades.

I am having an off day and I mean that literally. I will get back to the turret shortly and position, not for today, but for tomorrow.

Wish me luck!

If you enjoy the content at iBankCoin, please follow us on Twitter

One comment

  1. edge

    Luck to you is wished.
    I do not need it, Sir.

    • 0
    • 0
    • 0 Deem this to be "Fake News"

Leave a Reply