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
23,541 Blog Posts

TRICKED

Some blogs of mine are dripping with sarcasm, invectives foisted at my enemies both real and pretend. But I won’t do that today. I could offer an excuse for my poor trading, especially since I was in a plane and then moving furniture to storage when the FOMC meeting occurred.  While they are reasons for my disconnected nature of today’s -478bps debacle, it it certainly not an excuse.

I give others harsh criticisms when they do poorly and brook zero quarter for weaknesses. I do not expect any given to me now. I won’t cope and explain how I’m still up almost 5% for the year. It’s all shit tiered thinking and I should know better. I pride myself in my profession and feel comfortable enough to tell others to look towards me as an authority of what to do in the market.

This is me losing badly. It doesn’t happen often but it does happen. In the past I traded myself back and lived happily ever after. But past results are not indicative of the future and I only say that as a warning to myself to not rest on laurels, with the mindset of thinking “it’ll all work out in the end.”

No one is coming to save me and not a single one of you reading owe me anything, in spite of my excellence over the years. Finance is a “what have you done for me lately” sort of business. We mock and deride former stars who fell and collapsed into ruin. I will do better and offer my sincerity apologies for this inexcusable performance.

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3 comments

  1. duuude

    When other obligations arise either step away or throw the money hammer at the obligation.

    Money Hammer is one of the benefits…and tools… of success…

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  2. soupbone

    The first move usually a fake-out on FED day, at least lately. Take energy, across the board down heavy. That is market manipulation so blatant, via the futures market, by you know who.

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  3. txchick57

    The new mayor of GLOBOHOMO

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