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 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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  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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