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
21,399 Blog Posts

FULLY LONGED

I had to make a decision — play it safe or go all in. I went all in, based upon the moderation in recent days on the IWM. We have not gone down more than 2 days on the IWM since late September. Do I think we are about to head into a tough tape ahead of Turkey and Gravy day?

Fuck off.

Earnings pops and drops can greatly affect day to day results, so my positions are small, no more than 5% weighting and I have about 20 of them. After the close I see two of my positions, WSM and ROST, reported wit mixed results.

I made just 10bps today, mostly set back due to my BITO calls — thanks to the fucking collapse of SHITCOIN.

Although tempting to really get aggressive and place larger more pointed bets, today is a good example, with more than 150 stocks down 5% or more, that the market sucks. It really does. If you haven’t been fox-holed in mega and tera caps — you have been fighting for your life. Even some of the mega caps have been a minefield, named PYPL and V.

Nevertheless, we hope and pray to the Gods and curse and punch and kick at the walls inside our offices — crying and laughing all at once in a never-ending struggle to finally, once and for all, defeat Mother Market.

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One comment

  1. dontpanic26

    At the end of the day, that’s really what it’s about, isn’t it?

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