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
23,445 Blog Posts

Caustic Chop

I bailed on my bullish ideas after 10 mins out there seeing stocks wanting to crater again. My patience for these sort of things grows weary over time and I tend to prefer the comforts of cash when indecision is abounds.

I have just $FNGU and $TZA now, a dastard combination if I’ve ever seen one. I should probably go to 100% cash, but then I’d feeeeeel as if I were missing out on something.

I just sold $FNGU, so now I’ll only be missing out if the markets crashes through the fucking floorboards. But even still, I’m 90% cash, so it’s not much of a position at all.

In hindsight, I should’ve placed myself in 70% cash, the rest $SQQQ, $TZA. But we cannot go back and there aren’t any do overs.

I just added some $SQQQ. The more I look at the tape, the more I hate it.

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