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
22,556 Blog Posts

FULL FUCKING COLLAPSE INTO THE CLOSE

In a controversial move, I unhedged myself into the close and kept a rather large SOXL position — due to the rug being pulled from it late in the day based off the Apple is gonna DOMP AVGO by 2025 rumors.

FUCK OFF.

I spent the day BEARING WITNESS to my +160bps worth of gains withering away down to 1 bps. I tried my best to stem the fucking tide, against a 100% long only portfolio. I traded to and fro, 7 for 8 in trades to the good — but could not offset the FUCKING FUCKERY of this GOTU stock I held for a 15% intra day COLLAPSE.

Some might say this market is primed, ripened even, for absolute collapse. I will take the other side of that trade, if just for a day or two, and suggest tomorrow will gap higher — effectively ripping the skin off the faces of all of the people inside Stocklabs who are SHORT and talking mean to me. FUCK YOU AND FUCK OFF.


Today’s Chicaney

With regards to the overbought signal inside Stocklabs today, I bought a second tranche of SQQQ in my algo dedicated account for the purposes of trading the OB signal by selling short stocks. I am now +1.2% on the SQQQ position and will sell it in exactly 5 trading days.

All in all, it was a dispiriting day for those of us long, evil even. Having a book filled with longs and just seeing it get rocked all day was depressing and at times — a bit too much to bear. Nevertheless, I remain steadfast in the enteral belief that I will trade great again and I will, at some point, rip the lips off of those who sully me and that I will have my revenge of a rapish quality.

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