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
23,417 Blog Posts

Ended the Week Iced Cold

I traded like a fucking moron today. I should’ve held my FNGD position and fucked off — but no I had to fall into sand traps and fight all day to just achieve LOWER LOWS. When I am cold like this, I buy when I should sell and I sell when I should buy. I do the opposite of what works and sometimes, being aware of this curse, I attempt to do the opposite of the opposite, but that seems to end up bad too.

In the end, it makes most sense, if I am being honest, to just buy a bunch of shit and sort it out the next trading day. I closed long and hedged with 20% UVIX. For this to work, all I require is WW3.

Perhaps news of a Russian MIG shot down in Kaliningrad, or maybe China will get involved by sinking an aircraft carrier or two. Bottom line: I need this shit to happen by Monday.

Either way, I will sell and start all over again — attempt to regain my balls. I am +1.5% for July and the month is young enough for me to really do a lot in either direction. I must admit to feeling flustered by today, since it was an ATYPTICAL day for me. Nevertheless, I press on and carry about my life with sincere hopes of catastrophe and doom.

HAGW.

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4 comments

  1. john galt

    Happens, big picture you understand. Just paid 900k for a place sight unseen and waived inspection. All good, not driving 17 hours to look when I know what I can make it. More importantly the wife found a home for 39 ducks so I don’t have to bring them with

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  2. duuude

    Bought a spectacularly crafted home for ……as an inflation hedge. Inspected myself, bought listing day.

    Pool for the grandkids. A refuge.

    What, me worry ?

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  3. jacked rabbit

    Trading down in homes as we speak – no mortgage, transfer chunk of assets from illiquid to straight cash homie, back into town so I dont have to fuck with 3 acres of overgrowth hell.

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  4. purdy

    Sorry Fly, I listened to last night’s PBS Newshour opening. The economy is strong …employment high …fears of recession receding. But yes, abortion access and “gun violence” remain a problem, but these problems likely won’t help your VIX bet. No mention of wars at all …all’s well.

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