Allow me to vent. I know this will sound like a whining bitch, but I have to get it off my chest.
The PPI numbers made stocks rocket this morning and I was net short. My losses stood at 3.5% at the open and stabilized from there. I methodically kept buying SQQQ throughout the day up until the news of a Russian missile landing in Poland hit. I then LOBBED ON some UVIX in size and other shorts and saw my losses TRANSMORPH into gains, if only for a brief period. I had all of the ww3 stocks in hand: UVIX, SQQQ, WEAT, ERX. I was ready.
Then news hit that the missile might’ve been some fucking debris from a Ukrainian S300 missile that intercepted the Russian one. The news was conflicting, since PMs from Latvia and Estonia were talking EXTREME shit about wanting to take action and invading Moscow with their Toyotas. Then Zelensky weighed in on behalf of NATO and said “this shit can’t stand — we need to attack!” I am paraphrasing here.
ALL OF A SUDDEN, I become fucked. My grandiose UVIX position melted away like a snowman in the summer and my gains deepened and went all the way back to session lows at -3.3%. I was helped along the way down as I attempted to catch lightning in the bottle with cartoon size triple upside and downside ETFs, but I almost always nailed the exact top of the range, sending my pink levels through the roof.
I kept the UVIX and even added to it into the final hour. I had, all of a sudden, found myself with an EXTREMELY net long book because the news was fake and the missiles weren’t real and no one listens to the cunt from Estonia anyway. I felt good being on the team. I was net long into Thanksgiving after all. Sure, I missed the entire rally, but “at least I’d catch the tail end”, is what I thought.
Then doomed caught a second glance and stocks continued lower with verve into the bell. I suddenly found myself almost FLAT on my UVIX position, after having been down 5% on a 33% sized position. Bear in mind, I almost always keep these position sizes at 5%. The fact I was at 33% demonstrates how incredibly desperate I became, in my facile attempts at regaining lost ground.
I suddenly felt a punch land across my jaw, knocking my jaw loose. I looked around to see who just punched me clean and realized I had punched myself. I closed out the UVIX position for a nominal loss and carried ERX, SQQQ and FNGU into tomorrow — 44% cash — DOWN 2.53% for the session.
Take from this what you will. I can only tell you I felt brilliance and stupidity on a large scale within myself all inside of 1 hr. It’s funny how the market can make you feeeeeel like that.
Ciao.
If you enjoy the content at iBankCoin, please follow us on Twitter
sounds like very emotional trading
Watch the memes, GME, AMC, APE. They look ready
Poland demands NATO invoke article 5 and nuke Ukraine (a non-NATO rogue state) for this unprovoked attack on Poland by Ukraine
“I looked around to see who just punched me clean and realized I had punched myself.”
Classic Fly
I actually laughed out loud.
Can’t imagine a more honest recounting of a difficult day.
Ukrainian missile kills Poles inside our NATO ally Poland. Will Article 5 be invoked? …are we now at war with Ukraine?