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
21,503 Blog Posts

Decided to Drink the Blood

I was hard pressed to push a net short position into CYBER MONDAY based off some scurrilous data regarding a new COVID variant. It all seems so jejune and the very last thing I want to be is uncreative.

I went all in but with a 15% TZA hedge, which at 3x IWM should afford me with a decent hedge should we collapse on Monday. I ended the session +85bps and +7% for November. We had been up 6.5% on the IWM in the first week of November and I warned you all that gains had been had, with very little to no case for more gains in light of the overall market outlook.

Barreling into December, I am concerned for markets and believe we will likely trade lower. But that doesn’t mean we’ll trade lower on Monday. I trade, very short term, and I win — all the time. That’s who I am.

Ciao.

ALERT: support IBankCoin fucked faces.

Merch

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Ciao again.

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7 comments

  1. Mr. Cain Thaler

    It’s funny how a bunch of assholes on a Friday have decided that our supply chains getting further raped is going to be deflationary. How’d that work out last time exactly?

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  2. roguewave

    Which group are you in?
    1) people who become spellbound & actually believe the wrong answer is the right one;
    2) those who know the answer is wrong, but dare not tell the truth so they agree with what they know to be false;
    3) those who know the answer is wrong and say so.

    https://articles.mercola.com/sites/articles/archive/2021/11/27/mass-formation-totalitarianism.aspx?ui=3aff480c7e4fe8667770bef1f80a575051db161ad48534e692c5018bc6a18894&sd=20210111&cid_source=dnl&cid_medium=email&cid_content=art1HL&cid=20211127&mid=DM1052683&rid=1334386488

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    • emersonlakepalmer

      Imagine if your feet were your hands and your hands were your feet, then your hands would smell.

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    • bob smith

      Mercola… Yeah, I’m going to start getting my medical advice from a witch doctor. Makes sense…

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      • roguewave

        Ever wonder why thousands of medical professionals would rather be fired? Nah. Group 1
        They’re all witch doctors too.
        They can’t know anything, just because they are on the front lines every day.

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  3. Mr. Cain Thaler

    This talk of the new variant setting us back to 2020 sounds like pure BS. They’re trying to spook the energy markets to buy themselves a few more months. There’s no evidence this new variant is worse for hospitalizations and that idiotic chart getting passed around showing spread rate doesn’t normalize for different starting levels of infections from other variants.

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  4. roguewave

    Bought some blood. FOX DAO. I’m comfortable with that.
    Staking FOX/ETH too. I like both, but don’t understand exactly how that works.

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