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

CURSED AND WITHOUT A LIVER

Yesterday at around 3:34pm I thought it was a good idea to sell my longs in favor of an all in short position. I was instantly rewarded, which made me feel good and caused me to end the session without fear. Today those positions were sent into the pits of hell, led by FNGD and SOXS — causing me to believe, emphatically, that I’m either a complete and total moron or simply cursed.

I was forced to sell out of both SOXS and FNGD, since those were where the pain Lied strongest but I still own a plethora of inverse and I even had one long in BOIL, which was discarded as utter trash — probably the only asset down today.

In just one day, I’ve managed to ruined what was an otherwise lackluster and underperforming month. Now I’m no longer just underperforming but absolutely retarded, short into Thanksgiving. How many times do I need to yell at myself to finally get the point?

There’s no hiding here on these internets and I certainly do boast and brag about my achievements when I have them. The Fly is completely finished this time and to be honest — it was a good run. I’ve managed through all sorts of crisis and made money in every single one, including 2022. But the facts are laid bare: down during the month of Turkey and gravy because of greed to the downside. I suppose I thought the SPY deserved to be down more than 17% this year based upon all of our issues. Apparently, I was wrong and inflation has been stopped and a soft landing…enjoyed!

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5 comments

  1. purdy

    Don’t be hard on yourself. How could anyone have predicted that our president, thinking he was in Columbia, went to Asia and engaged in hard-headed negotiations with Xi and created peace and prosperity for our time.

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  2. bhupi

    Perhaps you can simply say this is the way things are trying to be master trader having had COVID on the brain?

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  3. john galt

    The collapse won’t happen until your 150% long. Need the last ones to buy the highs.

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  4. profiteerer

    I see red indices before EOD.

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  5. metalleg

    2021: Even when The Fly is losing, he wins.
    2022: Even when The Fly is losing, he loses even more.

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