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
23,433 Blog Posts

Always Avoid BEING FOOLED

Morning dips will always rip. Morning rips will always dip.

Remember these words for the remainder of your lives. I sold out of my entire portfolio in the morning, as I do each Monday, with exception to BTC which is a permanent long. I’m up 52bps thanks to my very large short positions. However, markets are now recovering from early losses and I wouldn’t be surprised to see it go green.

The news is almost immaterial. There is nothing to celebrate other than the mechanical process of wanting higher stock prices. In a perfect world, stocks would plummet and never recover. But we live in a post modernist hellscape where trannies rule over us and fashionable dinner parties now serve Bud Light.

I am eternally bearish, but constructive.

I’ll be reinvesting the Stocklabs trading account after 12pm.

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