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