I entered today very long with just 6% cash. In my new YOLO account I was all in FNGU. This account buys just 1 stock or ETF, 100% allocation.
See I can be a degenerate moron just like you.
At any rate, I wasn’t going to hold with another +200 NASDAQS on the tape, so I went to all cash at the open. I locked in gains of +211bps and +700bps and fucked off.
Now I see breadth is weakening and the dollar strong. This is tomfoolery. I just opened a short bond position via TMV, just in case we pick up steam to the downside.
However ominous things look, I won’t be fooled into thinking we are gearing up for another calamitous drop this week. Yesterday’s gain resolved the direction for me and I believe it is higher.
I’ll likely add some longs later on today.
If you enjoy the content at iBankCoin, please follow us on Twitter
woah 56% thats hella good bro
I don’t understand what we’re doing with China re tech/chips. But if some of the reportage is correct, the bottom should fall out of this market …esp any company reliant on Chinese inputs …due to the uncertainty about what our deepstaters are up to. Crazy times.
we will test Rocktobers lows in Movember .. don’t be fooled
B E L I E V E