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
23,414 Blog Posts

WE ARE OVERSOLD — CAN WE BOUNCE?

WE ARE OVERSOLD ON OUR 10YR ALGOS INSIDE Stocklabs. The percent of large caps bullish is now 7.6%, a metric that is nearly full proof when under 10% when timing bottoms for mean reversion trades.

LISTEN TO ME:

Buy when the crowd is scared — but never believe in the future being bright and cheerful. I took measured positions into the final hour in the NASDAQ, FANG stocks, oils and ag but hedged with UVXY at 10% and 60% cash. Because I am a great trader, I managed a gain of 1.67% today, in spite of the fact that I was 80% cash when the day began. My shorts worked so wonderfully, so beautifully, I enjoyed outsized gains in spite having very little risk.

I will never teach you how to trade well because I have no interest in it. Traders aren’t made — but born. Moreover, people who do well in the markets and sell you the idea they can make you great too are lying cocksuckers. If you want to trade well the answer is simple: copy whatever the hell I am doing inside Stocklabs and live happily ever after.

Good day.

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5 comments

  1. Orson

    What could go wrong? Geopolitical issues/war, the US choking on debt, and the stock market is getting a taste of actually being free?

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  2. soupbone

    may as well shelve the project of timing the perfect commodity exit signal. the markets are doing it for me. leaving the last 20% on the table would have been easier.

    btw is something blowing up behind the scenes?

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  3. flea

    Can Stocklabs differentiate between a buy situation (oversold) and a continuously falling bear market? Will it say ‘buy’ all the way down?

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