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
22,168 Blog Posts

Closed Out Another Month A Winner

Last year November this experimental account I started at $100k was at $114k. I had never tried day trading and, to be honest, I always looked down upon day traders — until the great baboon bubble of late 2020 and the advent and invention of Stocklabs‘ volume tools — which helped me achieve day trading dominance. One year later, I booked a 7.3% gain for the month of November, which is about 30% of the original value of this account.


100-500k in a year

Am I a special boy? I don’t know. I trade shitty often enough to think not. The results are what they are and I haven’t taken much risk to achieve it — 5% positions, almost always with a large cash position. Admittedly, I was greatly helped by the baboon rally of late 2020-early 2021 — but my gains in 2020 was even greater.

In short, The Fly reigns supreme amongst all of you shit-bowlers — guessing and hemming and hawing your way to a zero account balance.

I closed the session +17bps, mainly due out of cowardice and closed with a 10% position in TZA to pair nicely with a handful of longs — upwards of 60% cash. Typically we bounce from large sell offs. My feeeeeeeling is we have another leg lower before it’s over. This has been “too orderly” and we need a flush out.

Why do we need a “flush out?

I don’t know.

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5 comments

  1. bambam

    Still too much competency.. nobody gives a rat’s ass and we’re nowhere near the max pain

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  2. natehois

    I always had trouble getting the same prices you were getting. Probably my own problem.

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  3. fxtradepro

    the market is nowhere near showing me signs of complacency

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