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

FUCK IT: ALL IN SHORT

I tried to be a bull for a few hours. I even put a NATO flag outside my door to blend in and join the club. But it grated at my dark soul and I could not bear it more than a few hours. I had losses of -115bps until I spazzed the fuck out at 3:30 and totally reversed course and cleaned out all of my longs and went all in short, reserving 45% in cash.

The subsequent result was immediate reward, as my losses reduced from -115bps to -36bps, a benign day in the scheme of things. But it was more than that, making such a drastic change in bias. I have now placed myself in a concrete bear bunker and will be shooting at people trying to celebrate their stock winnings during the Thanksgiving festival. There will be no retreat from this position, unlike the Russians at Kherson. I will die upon this hill, knowing I stood against the morons who thought it was a good idea to lever up long in mid November as the SMH was already +17%.

My only long is BOIL, based upon the news that Europe is predicting a mild winter.

MOLTO BENE.

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8 comments

  1. john galt

    You’re right, stand your ground. Just because others don’t see it doesn’t make it wrong. The writing is on the wall you’ve just been early.

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  2. tradercaddy

    NATO flag? That explains it. You had the wrong flag out. It should have been the US Flag- the LGBTQX flag that flies over the Pentagon.
    Anyway, hope you are working on you annual Thanksgiving Blog so we know how to act on that glorious feast day.

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  3. tha pirate

    I am truly sad for our country. We, my brothers and sisters, are in a nightmare and 95% of the mainstream media won’t even acknowledge it

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    • traderconfessions

      Maybe you should get back into bed with your Kari Lake blanket and reflect on why you are so miserable.

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      • tha pirate

        I never revealed anything personal here before, but I will now trader, I bled for our nation and lost friends who died for it. What is happening to our media, our electoral system and our borders will effect ALL of us. Regardless of political affiliation at the end we all are American and we all depend on one another. Being deluded by the far left media and their lies will not help when a carjacker comes, when fentanyl floods our streets or when the system finally collapses under the Democrat/Socialist/Islamist party.

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  4. koro45

    ?

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  5. purdy

    Nope. 100% won’t acknowledge the truth. Don’t trust anyone who hasn’t been killed.

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  6. tha pirate

    Is there ANY doubt that if the FTX scandal was tied to the GOP it would ALL OVER the MSM??

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