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
23,011 Blog Posts


It saddens me to report this, but I am very net long overnight. But I did so in a manner on par with being a gentleman, via an array of conservative dividend paying “old man” stocks. My largest risk is BIDU and I have a 15% SQQQ position to hedge. I closed the session with a win, +115bps, and 136% leveraged — because I have fucking ground to make up man.

The intelligence backtest algorithms inside Stocklabs is predicting a solid tomorrow — but extreme doom after that.

We had numerous chances to collapse today and did not. Because of this, I bought the 52 week high list and left the tech shit down 80% for the year for some of you assholes out there to dive into. You do know, mind you, you’re diving into a concrete pool without water?

BOTTOM LINE: I am bullish via my brain but my heart pines for extreme downside action, the type of action you might expect dressed to the nines with a glass of, say, CHARDONNAY in your hand brimming with Latour and all of a sudden the fucking cable snaps and it crashes lower — flattening you into the ceiling of the death trap.

Enjoy your evening.

If you enjoy the content at iBankCoin, please follow us on Twitter

One comment

  1. bob smith

    There is so much wrong with the current markets, I don’t even know where to start.

    Suffice it to say that Jay Powell is on it even though the markets haven’t gotten the memo… yet.

    • 0
    • 0
    • 0 Deem this to be "Fake News"