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

LOOK AT ME — I’M A FUCKING MORON

I knew this shit was gonna happen. And you must be thinking ‘Fly, if you knew it was gonna happen, why didn’t you prevent it?”

BECAUSE I’M A FUCKING MORON.

The losses continue — down another 1.75% for the day. Everything I did turned to mush. I let a big gain in SQQQ slip away, forcing me to double down on the bet heading into what will probably be a monster rally. Today was all about the biggest piece of shit stocks on the planet rallying: pot, low end electric cars,  crypto miners, and fucking Trump’s DWAC. Later on the semis jumped into the orgy and we all had a fucking blast.

The oils were again KNIFED into the fucking face lower, alongside my BTU. Nuclear stocks rose because I didn’t own them. Basically, everything I owned bid lower and shit I didn’t own higher. I was going to buy CLVR when it was flat but opted for a little more SQQQ and CLVR soon rose 40%.

It’s obvious what is going on here, the Stock Gods are fucking with me and I am now cursed. My losses are STACKING, down almost 4% for July, while the NASDAQ is up 2% for everyone else who is long. I am still fighting the trend, hoping and praying for destruction, when the market is like “who gives a fuck” and is bidding higher. No matter the news, the market wants higher.

What can I do?

Not much fucked face. I’d like to say “give in and go long” but it’s not that simple. The rallies are not broad, but instead laser focused on different areas every day. I’d argue that cash is the best option in periods of uncertainty or coldness, but I of course will not heed such sage advice and will continue my crusade of stubbornness until I win or get totally destroyed.

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6 comments

  1. txchick57

    Haha. I had pot, DWAC and SOXL. Did you not see the TSM report this am? They offfset carnage in silver and gold which are currently serving as paperweights on my desk.

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  2. txchick57

    Haha. I had pot, DWAC and SOXL. Did you not see the TSM report this am? They offfset carnage in silver and gold which are currently serving as paperweights on my desk.

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    • indexjoe

      You should get in the Pelican Room we need more people to bully Fly

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  3. asteroids

    I am holding old man big oil stonks that pay a healthy divvy. Once credit and dollars dry up, these other utilities will still be there paying me. Your pot stawks will go up in smoke like pets.com did a generation ago.

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  4. bob smith

    “the Stock gods are fucking with me”

    That is not your problem. Your problem is that you are a degenerate action junkie who gambles instead of making logical, unemotional investment decisions. Characterizing your impulse trading “ideas” as investments is delusional.

    Ever think about sitting on cash and actually doing something constructive with your ample free time? …you know, something that benefits others rather than your own pathologically elevated ego? Please consider it since it will help your mental health (or, more objectively, your mental derangement).

    I called $18 silver some time ago and here we are. New target for silver is $14.82 and ~ $1500 for gold. Miners, meanwhile, have a date with ~ 30% lower prices.

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  5. the_wolf

    I don’t think you’re a moron

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