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
23,417 Blog Posts

I Sat Out the Rally

GOOD SIRS —

Whilst a great many out there enjoyed ribald and perverted returns, with the likes of $NVDA and $SMCI ripping the tits off bears, I traded exactly flat. If you think about it, what greater achievement is there but to trade precisely flat. Sure, many can make and lose a bundle — but can you trade FLAT when it counts?

I do not care to have missed out on the rally since I almost always miss out on the COLLAPSES. I am fully long into tomorrow in an array of cool stocks, wanting to fit in with the hipsters buying the tape here. It should be noted, I disdain the market with my entire lifeforce but acquiesce to the melodies of the tape out of sheer survival instincts, especially since I am not an idiot.

That being said, it’s entirely possible markets pull back tomorrow and I get bogged down, mired with losses. But I doubt it. As a point in fact, I’d bet my entire life we trade up tomorrow, if given the chance.

I offer you zero explanations as to why I am bullish, as I am not in any way obligated to provide you with anything. I am informing you of obvious truths. If you’re unable to discern or extract value from my missives, I strongly recommend you seek psychiatric counseling immediately and have your head looked after, for it might be damaged in some way.

Good day.

If you enjoy the content at iBankCoin, please follow us on Twitter

One comment

  1. rigged game

    On Oct 13, 2022, I told you peasants to go ALL-IN LONG into stocks and bonds,
    and HOLD YOUR POSITIONS TILL year 2024. I told you all to buy QQQ which
    was at 16, and TLT. I GUARANTEED at least a 10% gain for you.

    I am now telling you to SELL THE QQQ holdings TODAY Feb 23 at around 60.
    You have made at least 300% on the QQQ’s. Hold that money in cash and
    collect 4% a year. Keep your TLT.

    I make a call once every 2 to 4 years, and I am NEVER WRONG.

    Take that to the bank.

    • 0
    • 0
    • 0 Deem this to be "Fake News"