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
20,553 Blog Posts

Attempting to Crawl Out of the Grave

I am about to take a sojourn into the black underworld of small cappers in order to attempt to regain today’s losses. I just went through a foray of WINS, snapping a seemingly endless array of sharp jabs to my face.

CLSK +8.2%
LI +12.3%
VRM +8.8%
LMND +5%

Present PNL is looking like a loss of LESS THAN 0.6%. For all of you ball jugglers out there, go fuck yourself if you though Le Fly was blowing out. I am merely in a holding pattern, attempting to break loose again.

DEVELOPING…

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The Losses Continue…

Fucking shit. I just booked a sundry of losses, making me 22 for my last 28 trades LOSSES. Cocksucker, motherfucker.

Albeit, many of them are small, below 5%; but they add up. Today I was ENTREATED to a most heinous -14.7% loss in SONO. You might ask yourself, ‘why is this fucked for face boasting here about his losses? Doesn’t this fucker pretend to be some sort of a trading God?”

While all good and valid points. I do appreciate your candor — but it’s important to show you, the UNWASHED PLEB, both sides of the glamorous life of trading. At times we are invincible and nothing can stop us. Prior to this decline, I did this in a single day.

AMBO +32%
JMIA +17%
RIOT +14.1%
APT +8%
WKHS +7%
XNET +11.5%
CBAY +15.4%
PLUG +5.9%
COCP +7.1%
BE +4.2%

Trading, like anything else, is a matter of discipline and method. Sometimes those methods stop working because the character of the market is changing in real time. While I cannot predict we are due for some sort of major market disruption, I can tell you something is afoot. The ground is loosening and the speculative fervor is waning.

As for me, today’s DEBACLE has amounted to no more than 150bps. I will of course recover and bury my enemies in shallow graves. I do of course have some winners to be booked and I have a mind for this sort of market too, so I’ll need to apply myself to my best in order to turn things around.

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SWITCHED IT UP, TRYING TO AVOID BEING A MORON

I came back from vacation with the longest cock on the planet. On Monday I was gleefully laughing with a chest filled with hubris, overseeing my wins, which were as bountiful as they were plentiful. The results since then have been nothing short of ruinous.

I now find myself in the unfortunate position of a trading slump, booking loss after loss in what seems to be an endless cascade into the netherworld. I am of course peppered with the occasional 6% win, just enough to keep my confidence afloat. My certitude of intra day trading has halted and I’ve cleaned out most of those stocks in exchange for some larger cappped varietals. Immediately upon doing this, I was ENTREATED to a most unfortunate earnings fumble by the retards at SONOS. Apparently selling speakers to an arrested audience is too much for those cock grabbers to handle.

I also have several small caps that are in fact knifing lower in the after hours, placing yours truly in a reprehensible mood.

I shall now seek revenge and the saltiness of my demeanor should increase exponentially as I endeavor to achieve this. Markets are for fucking. You’re either doing the bidding or getting bid. I will proceed with caution tomorrow and attempt to regain a semblance of normalcy, especially since I closed the day 100% long.

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We Don’t Need Your Stinking Economy!

There has always been a perceived notion that we needed business to enact business in order for their stock prices to ramp higher. As you can see, DIS doesn’t need business to ramp. That stock is now 15 points from record highs, up 10% today, in spite of the fact that we’re in a global pandemic — people can’t travel — and Disneyland is vacated.

The Dow is +300 and I sold my JNUG today, +10.5%, converting said GOLD BARS back into fiat foolish money.

I also delved back into WRTC, which specializes in BOLA-WRAPPING YOUR FUCKING FACE. I only tell you this and betray all of the users inside Exodus by offering FREE ADVICE to non-paying reader class types because I felt you deserved it.

Oil is skyrocketing again, +4%. I pine for the days of NEGATIVE oil again and recall with great vivid alacrity the only value crude had, at the depths of the panic, was the transfer cost. Fun times.

I am about to jog on now and attempt to day trade again, which was going great up until yesterday. I now find myself in a most obtrusive Martingale situation, waking up to a 20% loss and my ego disallowing it to happen, which of course led to a doubling down and now I am managing my emotions to prevent a most uncalled for treble down situation.

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GOLD TOPS $2,000; FIAT FOOLS BTFO

How does it feel to be a fiat moron? You go to work and toil EXTRA hard with your COVID-19 masks on and for your time given a flimsy piece of paper with a racist face on it. How stupid are you?

Men, such as myself, get paid in HARD GOLD BARS, the type of gold that people got shot in the face for many years ago. I also, as a matter of circumstances, place about 2% of my INCOME into ETH — because fuck the dollar and the country is represents.

I know. These are foolish things to believe in, stuff that only goes up in value. It’s sort of like the stock market, which looked like it was heading lower earlier today. I got FLUSHED out of my trading stocks, almost all losses, and then JIMMY-RIGGED right the fuck back in by the end of the day.

This is the type of world we live in folks — as you read my blog and take advice from a seemingly violent sociopath, who is anonymous on the internets.

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THE ERA OF E CARS IS UPON YOU

Gasoline is for fucking retards, fat, slothful, retards. Pardon my inelegant prose when attempting to convey my innermost feelings on petro oil, but the era of the COMBUSTION ERA has ended and replacing it is ELECTRICITY, powered by FILTHY COAL PLANTS.

Because of the success of Tesla, every Tom, Dick, and Harry is now an e car maker.

We have NEE-KO-LAI, NLKA, as well as many others like SHLL, DPHC, NIO, KNDI, SOLO, SPAQ and newly minted LI from China. I am sure many other SPACs will come forth soon with fresh new ideas. The whole SPAC craze is especially maddening. When I was a broker, we could’ve give these blank check IPOs away. If your firm did a SPAC, you were at a boiler room and low brow shop, undeserving of attention. That is still the case today, many brokers choose to work at shitty firms for higher payouts and end up selling retarded deals to their sub-par clients. If I was entering the business today, I would fight tooth and nail to get into a LARGE BRACKET firm and then maybe spin out into my own advisory.

NEVER EVER work at a bullshit logo.

Not much going on today. The Nasdaq is flat, but small caps are up. I just booked 3 small losses and a -9% ding in KODK as a day trade. What was I thinking?

Still, I am mostly cash, looking to play the E-Car craze, and also looking at some day trades. I’ve soured on the overnighters.

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ICONIC DAY

Not much else to say, other than I am the single best living stock trader in the world.

Today’s fish.

AMBO +32%
JMIA +17%
RIOT +14.1%
APT +8%
WKHS +7%
XNET +11.5%
CBAY +15.4%
PLUG +5.9%
COCP +7.1%

No idea where the top is and not trying to find it.

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Trading To Win or Trade to Live?

It’s an interesting debate, one I’ve fallen into many times on both sides of the aisle. We have STOCK SNOBS out there with a fixation on market cap and they tend to eschew anything determined to be “high risk” in favor of more traditional names. Once upon a time, during the HFT era of +40 DOW points per day, I laughed at day traders as ridiculous ass-clowns — for wasting time attempting to beat machines.

But now…I am the machine. With Exodus and soon to be StockLabs, my data is just as fast and timely as anyone else. As such, and thanks to the advent of ZERO COMMISSIONS, retail is back — meaning the average Joe is trading again and the high frequency retards at JP Morgan are missing out on all the fun.

Some people say Robinhood is to blame. I happen to love this market and cannot tell you how happy I am to see young people interested in stocks again.

I do not have prejudices when it comes to my stock selection. The only criteria I am strict on is volume — because when I don’t want to get trapped in a fucking roach motel stock if the price reverses on me. But this is the golden era of stock trading and if you’re ignoring XYZ because its market cap is $100m, you are leaving money on the table — plain and simple.

This is my first day back from vacation, full time trading, using my new volume surge tools in StockLabs (grab a beta seat) — and here were the results.

AMBO +32%
JMIA +17%
RIOT +14.1%
APT +8%
WKHS +7%
XNET +11.5%
CBAY +15.4%

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THE FLY IS BACK AT THE TURRET; MARKETS EXPLODE HIGHER

ETH is nearing $400 again. Natty is +11% and AAPL is trading like a small cap. These are the wondrous things I am welcomed back to in my first full trading day in a few weeks, post “vacation.”

So what is the first thing I did?

I sold AKER for a fucking 16% loss.

Mad at that, I took to the open seas in search of new fish. I found AMBO waddling around, so I power boosted it. It halted, caught fire, and then I sold it for a +32% win. It took all but 2 mins to execute the buy and sale.

Then I sold JMIA from last week for +17% and now hold mostly cash and a few new positions.

The world is my fucking oyster and I fuck it often.

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MICROSOFT ACQUIRES TIK TOK IN SHOT GUN WEDDING; FUTURES FLAT

Well, Trump was going to ban Tik Tok, because of MUH security concerns — but now all of that gets shuffled to the side because of the very trustworthy Microsoft corporation. With this deal, TikTok can now tap into the rich universe of Microsoft LinkedInners and Xbox morons. Also, and this goes without saying, our precious data is indeliby SECURED from the evil pangs of the Chinese government.

Why just today, the Chinese arrested people and many of them went into jails.

Tik Tok really didn’t have a choice in the matter. It was either accept the Softy bid or be eliminated. Too bad for the Byte-tards who got fucked selling Vine to Twitter and then launched Byte. They suck once again.

Moving on, futures are flat. Gold is up. Cryptos are taking a breather. You need to REDUCE YOUR EXPECTATIONS with cryptos and simply look at them as a hedge against your dollars going into the shitter. It’s important for us to realize the world is barreling towards perdition and everything you hold sacred will soon be lost, amongst the rabble and broken rocks of 50 million unemployed Americans. The whirring speed of the economy collapse was so severe and so fast, markets went up. On a year to date basis, however, we’re still down 14% on all stocks and many economically sensitive industries are OFF by half.

By golly, should be crest again and spin out into fall, we can still bargain for a -30 to -50% cataclysmic decline.

TikTok was last valued at $50b. I’d be surprised if MSFT paid half that.

I have zero emotions on the matter. I feel absolutely nothing.

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