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

CLAWED MY WAY BACK TO SESSION HIGHS, DOWN FOR THE DAY

I WAS POSITIONED FOR A FUCKING DECLINE TODAY BUT INSTEAD FOUND MYSELF ENTREATED TO THE LARGEST RALLY EVER SEEN THANKS TO THE SPECTOOOOOOOR OF A FEDERAL RESERVE PIVOT. SAID PIVOT WAS GLEANED FROM THE IDEA THAT INFLATION HAD ABATED, SINCE WE ARE ONLY STEAMING WITH INFLATION BY A PALTRY 7.7% CLIP, BARELY ENOUGH TO KILL GRANDMA.

IN THE AFTERNOON, I MADE AN ERROR BY BETTING TOO HEAVILY SHORT SEMIS, VIA SOXS, AND GAVE BACK ALL OF MY “GAINS” FROM -3.4% TO -1.95% BACK TO -3.4%. THIS OCCURRED IN A VERY ATYPICAL MANNER AND CAUGHT ME OFF GUARD. STUBBORN, OBSTINATE EVEN, I MANAGED 113 TRADES FOR THE AFTERNOON AND MADE MY EYES BLEED FROM LOOKING AT THE SCREEN ALL DAY AND CLOSED AT MY SESSION HIGHS FOR “ONLY” A LOSS OF 1.66% ON A DAY WHEN THE FUCKING NASDAQ SPERGED AHEAD BY 700 AND THE DOW JONES INDUSTRIAL AVG STEAMED +1,200.

GLANCER ON’ERS INSIDE Stocklabs AMUSED THEMSELVES WITH COMMENTS SUCH AS “IMAGINE NOT PARTICIPATING IN THIS RALLY. JOLLY GOOD FELLOW, SHOULD I SELL THIS SECURITY +30% FOR THE SESSION OR SHOULD I HOLD OUT FOR MORE?” YOU COULD JUST HEAR THEM JERKING OFF THROUGH THE SCREEN.

COMMENTS, SUCH AS THESE, CREATE AN ATMOSPHERE OF RAGE IN ME AND CAUSE ME TO WRITE 500 WORD BLOGS IN ALL CAPS. TRUTH IS, I WILL KILL, AT SOME POINT, ALL OF THESE PEOPLE AND BURY THEM IN THE FIRES THAT ARE TO COME. WHILST YOU MIGHT’VE MADE 10% TODAY AND YOUR PUNCHABLE FACE REMAINED, INEXORABLY, IN SMUG MODE — I WILL SEEK REVENGE AND I WILL SUCCEED.

I AM POSITIONED WITH A BIAS LONG INTO TOMORROW, BUT HEDGED.

FUCK YOURSELF.

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11 comments

  1. metalleg

    I say you should immediately double the price of StockLabs. That’ll tech them.

    Separately, do you wear blue light blocking glasses? Looking at the screen all day could do some damage. The blue light blockers aren’t going to turn losing trades into winners though.

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  2. jacked rabbit

    Minus the CAPS, this is the post of the year and hearkens back to the OG Fly. Pure cut rage, black flag retribution for all, etc. Now do a damn Asshat of the Year!

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  3. purdy

    Lower than expected inflation, talk of talks with Russia, Biden to talk with Xi. Low inflation. Peace on the horizon Oil flowing from our Russian friends. All in one day. Happy day …of course shorts got crushed.

    Smells of pure BS to me …all of it. An opportunity for some to sell at a higher price. Our deep state psychopaths did not engineer this confrontation with Russia …for years ..just to back down now. More likely …they will use the crisis of an escalated “war to save democracy blah blah” …to require that we patriots convert to their central bank currency to save us from Putin …to save democracy.

    One senator has a pair. Wish him and his dad continued good health.

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  4. bob smith

    Most of the inflation “reduction” was in used cars. Food and energy??? Up, up and away…

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  5. bob smith

    Most of the inflation “reduction” was in used cars. Food and energy??? Up, up and away…

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  6. bob smith

    Most of the inflation “reduction” was in used cars. Food and energy??? Up, up and away…

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  7. bob smith

    Why are my posts getting repeated? Why are my posts getting repeated?

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  8. moosh

    Yep, car market is going to get torched as the pendulum swings from the insane idea of used cars costing about as much than identical newer models. Repo lots are plush and ever expanding, so I’ve heard…just waiting for the pin to plop

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  9. Cricket

    LOL. Great post. Doc Fly and his bleeding eyes:

    https://youtu.be/aOQebDSAzz0?t=81

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