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
23,329 Blog Posts

WHO WILL STOP ME?

Let me make this abundantly clear for all of those reading and following me. I am now prepared to lose a great sum of money in my efforts to extract maximum coin from this tape. Opportunities such as now do not come often. It’d be a shame to miss out just because you let some news and emotions get in the way of all the fun.

We are ENTREATED to a fantastical rally. Earlier today we saw 13 red candles lower on the 5min charts, from which I deduced would be a good time to step in long. I entered in and then doubled down and sold for profit, knowing full well that I was jeopardizing my 3.5% returns, which shrunk to +90bps at the low point of the swoon.

I did not hedge and shall not hedge because I am not fearful. I have gains of +23% YTD and I have a comfort in a tape such as this one — sharp moves to the upside — knockout blows to all those in the way.

I closed at session highs +332bps, leveraged at 139% of equity — fully prepared to draw down 5% in a single session in my pursuit of greatness.

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2 comments

  1. duuude

    Kudos

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  2. john galt

    7 figures tomorrow….. don’t jinx it!

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