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
22,158 Blog Posts


The past month I’ve been fucked on a level that is unbelievable. Not only did I miss out on the rally, but I’ve also been stumbling onto a sequence of rare events as if said events were designed especially for me.

Last week I caught a 80% down move in VRAX amidst 13 trading halts. I ended up selling for a 45% loss.

This week I was entreated to an out of nowhere 20% decline in NA, after the NASDAQ told them to fuck off.

And today I opened down 40bps only thanks to a 15% hedge in LABD, which opened up 8%. I sat and watched it sink throughout the early morning and then the markets tanked so my LABD fortunes improved. In preparation for selling it, I first sold a few biotechs I owned and next thing out of the blue — PFE bids for GBT at a 45% premium and LABD goes from +2% to -7% in a matter of minutes.

You’d think biotechs would fade a little after this, but no it continues and I’ve seen this before — me being cursed and all. I will be trading extremely small next week in order to reduce the various ways I could get fucked. If there is a rare black swan event lurking in the shadows, I’m sure I’ll find it.

This is a most unfortunate series of events and I’m now down about 10% off my annual highs, enough to warrant some serious circumspection.

If you enjoy the content at iBankCoin, please follow us on Twitter


  1. purdy

    Those who question authority must be punished.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. trader7867865

    Serves you right for parading your gains around like a no good whore! You must reconnect with humility my son

    • 0
    • 0
    • 0 Deem this to be "Fake News"

Leave a Reply