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
22,035 Blog Posts

WE BOUNCE

We have strong mean reversion action in battered parts of the market, focus on SAAS. I have no hedges but 35% cash left for further buys.

My losses crested at -205bps and now sit at around -130bps. I had pulled them under 100bps but we are selling off as I write this which makes me even more anxious.

The principle index inside Stocklabs is basically unchanged due to strength in oils, which I opened the day short. This really is a market filled with whip saws. Next thing you know you’re out the windshield onto the pavement. The enemy is of course hope and greed, a deadly combination.

My losses lessened to 1% again as I close this out.

Wish me luck!

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2 comments

  1. Mr. Cain Thaler

    Not without treasuries, we can’t.

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  2. cll

    The way you trade… You are destined to die broke.

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