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
23,419 Blog Posts

EXTREME RAMP; RECESSION MEANS NOTHING

I’ve been out all day, drinking tea, spending money. I ended up selling at the open for my trading but didn’t touch the quant or algo account. I also leaned into refiners early morning due to blow out in crack spreads and maintained respectable gains while enjoying ribald returns in the algo account.

SIR —

I trade from a Time Machine. While all of you were soiling inside your pantaloons over the market decline, The Fly LEANED IN and went all in TQQQ, as the fires burned bright and beautifully at the transom of WW3. The algo trade is a 5 day hold, so I’ll be long into next week.

I’ll be traveling back tomorrow, back in the saddle on Monday since I have something to do upon landing in NC.

I bid you well and hope you made it through the panic. But just know, no matter how much you practice and how good you think you are — you will never be as good as Le Fly.

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8 comments

  1. juice

    Long live Elon & le Fly!

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  2. traderconfessions
    traderconfessions

    Think about it. Elon controls hundreds if not thousands of satellites that could be eavesdropping on your calls, internet activity and who knows what. Now he controls Twitter which tracks all the stupid shit you say and do. Who knows what his real motive is for The Boring Company. And you’re worried about Big Government??

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    • metalleg

      When Elon starts tracking my comments in iBC, I’ll begin to worry.

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      • traderconfessions
        traderconfessions

        He, like Santa Claus, knows if you’ve been good or bad.. and has receipts.

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    • roguewave

      So, is your point that former twitter mgmt was:

      1) not tracking everything you say?
      and
      2) not part of big gov?

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  3. donnie wads

    I was adding on margin the last two days. Payday!

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  4. soupbone

    Safe haven demand driving the dollar driving stocks? Plus some technical rebound?
    Commodities holding well against the dollar strength, no inverse correlation this time. Gold still beaten. If the bullion banks ever lose control of gold it will be the moon shot to remember.

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  5. txchick57

    Your 5 day hold on TQQQ might be problematic

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