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

HAMMERED INTO THE FUCKING LOWS AHEAD OF CPI PRINT

I had numerous chances to sell my DWAC and did not take it. I had gains in BEAM and looked the other way. I took a MONSTER 25% position in SQQQ and saw the market collapse yet I did not book the gain. I trading like a massive piece of shit today, the sort of passive trading one does when one believes God himself is into bestowing profits unto you. It was the very worst trading session for me since January, in a year that has been charmed with win after win.

I have no desire to couch my losses with words of encouragement or items that I might bring up to make the reader believe that I will make it all back. I am finished, done. The winning streak has ended and if I’m not careful I will soon be staring down the barrel of IMMENSE losses.

Month to date I am now down 0.9%. This could be just the beginning of my losses, as I am prone to partake in during periods of not knowing the fuck is going on. I simply fall out of sync and remain that way until I make fundamental changes to adjust to a new paradigm.

I am positioned wrong into tomorrow’s CPI numbers, with far too much exposure into a news item that I have no idea what is to come.

The Fly is over, 100% done.

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4 comments

  1. teslawasright

    What about some FCX at 20-22 le Fly

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  2. the_wolf

    Nothing is over,
    You just can’t turn it off

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  3. liske

    SQQQ does not look all that low from here.

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  4. juice

    what happened to the Fly is winning even when he appears to be shitting the bed?

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