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
23,473 Blog Posts

What a Circle Jerk

I was in and out of inverse ETFs all day, scared of my own shadow. Every leg lower I stepped in and got stopped out inside minutes after we’d leg right back up. It was one of those see-saw days on a FOMC notes day that I hate. I ended down 68bps — and netted around $2k in day traded profits, in spite of some of the more assholish members inside Stocklabs talking shit to me — attempting to ruin my day.

I am 120% long without any hedges because why the fuck not?

I will be the first to tell you — this is not my type of market and the chop is on par with extreme fuckery — something I eschew whenever I can. The truth is, I need to improve in trading the chop and will never quit trying, so you’re stuck with me sashaying in and out of stocks like a fucking moron until I master it.

MTD +7%
YTD +23.1%

I deserve more.

My health is very wonderful. I feel great and will now go out and enjoy the 80 degree weather.

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One comment

  1. tradercaddy

    Good health, good weather- hit the tennis courts.
    I played 2 hours of tennis and then an hour of pickleball.
    Beautiful 85 degrees here.

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