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 stepped into today with 12% positions in $SQQQ and $BITX, mainly because I loved Bitcoin and hated stocks. I had 4 or 5 stocks too, all risk averse names that would do well in a bad tape, the rest cash.

The subsequent result was winship of extreme magnitude, +153bps at the open. Seeing this I liquidated and moved entirely to cash. If I so choose, I can take the balance of the day off and read books, writing a novel, sit and listen to classical music and contemplate the end of mankind.

I have no desire to chase the morning carnival and will wait for the afternoon to step back in. Just know and find solace in knowing there are men out there, specifically me, who can trade and trade well.

Up nearly 13% YTD, fresh recourd highs.

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