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
22,427 Blog Posts

Constructive Action

With the yuan crashing 1.2% last night and NASDAQ Futs diving 150, I thought for sure we’d get a horrid open. But instead, 70% of stocks are up. This is classic look into the abyss but come out a man trading action.

I closed out my UVIX hedge and added two longs, just in case this turns into a ripper. I’m still 66% cash, so I have plenty of reserves to defend my positions need be.

+55bps early going and liking the action.

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3 comments

  1. Orson

    Wrong, we go lower.

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  2. roguewave

    2 largest natty pipelines supplying EU destroyed, probably nothing

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  3. roguewave

    @ErikVoorhees
    Don’t let them gaslight you.

    27. Sep.
    Fed Chair Powell: DeFi has significant issues around the lack of transparency

    @ErikVoorhees
    Don’t let them gaslight you.

    Open-source and on-chain vs closed-source and opaque.
    @Blockworks_
    ·
    27. Sep.
    Fed Chair Powell: DeFi has significant issues around the lack of transparency

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    • 0 Deem this to be "Fake News"