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
23,474 Blog Posts

Refused to Cave to Negative Pressures

Due to my obstinance, I managed a +25bps gain into a 43bps loss. Some might argue that to do that is stupid. However, I am firmly of the belief that I want to believe something good might arise from this tape, and soon.

Case in point, about midday I stepped into a 6% position in $GME, a seemingly idiotic company filled with retarded shareholders. But because I saw the movie and thought it funny, playing with the morons in a market foray, I held the stock into tomorrow. The notable thing about that is I SQUANDERED an easy 3.5% win and watched it slink away into the hands of greasy dysgenic gamers, closing out the session with a loss of 1.8% in the stock. In my head, I think it’s funny to hold it because “DIAMOND HANDS BRO” and all of the indecorous nonsense that accompanies holding onto a meme stock in a series manner. Nevertheless, here I am beholden to some of you fuckers to get it into your low IQ brains to borrow some more money against your obligations to increase your holdings, so that I might exit with a profit.

All that aside, delving into more serious matter, I am bullish into tomorrow, mostly because of rates and the prevailing trends, which of course is helped by my recency bias.

For May, the month of my birth, I have losses of 2% and this cannot and will not stand. I promise you this, I will sacrifice all of the chickens and all of the goats if need be, in order to increase my net worth during the month of May. For me to trade down in two consecutive months is akin to a black swan event and shall not happen.

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

Leave a Reply