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
23,443 Blog Posts

SHORT TERM BEARISH FOR A TRADE

I was distracted today by a late day gym effort and numerous issues in my garden. I seem to can’t keep trees alive in my fucking yard and have gone though 3 Crepe Myrtles in 1 year. The one that was just planted last week is dying, leaves wilted, and was dying from the second that fucker planted it. The truth is, the landscaper probably killed it before he planted it in my yard — a regular serial tree killer that guy is.

I lost 79 basis point in listless uninspired trading. I clung onto my SOXS 10% hedge for too long because NVDA is in bubble mode at 40x sales. This position is likely to lose me even more at the open. But I really want to be around when the SOX drops by 30%.

Can I turned it around tomorrow and propel myself back to recourd highs?

I absolutely can and will.

All that said, the Fed is gonna hike again and the regionals raped. The Charles Schwab corporation will trade to ZERO amidst more cash sorting and the war in Ukraine will be lost to NATO and Russia will likely bomb Warsaw by Xmas.

All of these things, and much more, looms — so why not be directionally bearish after such a nice and handsome run?

Later on today, I’ll sulk over a few more things and then maybe pop open a bottle of Burgundy and perhaps BBQ some sort of meat on the grill. I haven’t been cooking at all, since Mrs. Fly has more or less banned me from doing it. I used to enjoy it but now that is over and all I do now is read, listen to books, garden, gym, talk shit online, and various other concerns in regards to consumerism.

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5 comments

  1. soonerxii

    Why did you get banned from grilling?

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  2. soonerxii

    Why did you get banned from grilling?

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  3. tha pirate

    No man may ever be banned from his grill Cap’n! It is an outrage and should be the 11th amendment in the Bill of Rights.

    Oh the shame.

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  4. duuude

    Till your soil and add new yankee

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