While I was on the phone talking to a prospective investor in my soon be launch RIA, I was greatly chagrined to see ALL OF THE GAINS disappear on this fucking headline:
US PENDING HOME SALES CRASH 5.5% FOR JULY *
A Sales Recovery Did Not Occur”: Pending Home Sales Crash To Record Low
Since it’s fun to pretend, I will now pretend how I could have and would have traded it had I been at the turret.
Anyone who trades with me knows I would have definitely bought some $SQQQ to protect my ass. Instead… well you know what happened. My gains vanished as if Merlin himself appeared and absconded with them, as some sort of sick perverted parlor trick. Well, I want them back you fucking piece of shit. But I cannot and will not hedge or short into that set up. The gains on the short side, at least the easy ones, have already been enjoyed. We might trade up sharply from here and all those jumping on the shorts now will be tied to a fucking rail line and steamed.
I am frankly besides myself over this occurrence and did not expect fucking PENDING HOME SALES to ruin and otherwise splendid day. I was having such a nice time in the market. It was easy street with strong breadth and happy nice upwards movements. And now we are LIMIT DOWN diving the fuck lower in panic, headlong by losers executing sales out of fear.
If you enjoy the content at iBankCoin, please follow us on Twitter
