My flight to California cost me a fucking bundle, having missed the morning spike—then subsequently pummeled under a sea of red. I don’t have numbers in front of me now. But, let’s just say, today had to be one of the worst days in a long time for me, with longs down as well as my fucktarded “hedge” VXX.
It would be preposterous for me to suggest today was meaningless. The bulls are pussified into a deep stupor. They are scared of the yen and the bond market and deserve to be splashed with howitzers to the face. In order to console my grieving soul, I will head out to spend a few g’s on meaningless shit.
A more detailed assessment will be posted later on tonight.
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Darn Tootn…
but than again you knew about VXX.. no surprise there
Quick, get back to the helm. Chess is planning a coup in your abscence, putting out incredible bog posts in an effort to de-throne you!
Chess is an up and comer. I welcome his success.
Good for you, Mr. Fly.
lol epic post.
VXX is junk. Long live TZA.
I have been been fucktarded on VXX and VXX has been fucktarded on me. It is mutual.
Cudos to Ragin‘ Cajun. His post about TNA last week week kept me causious and selling out into he rally this morning.
My biggest trade of the year was in vxx. It will come around
Generally I do not want my hedge to come around…it is supposed to be around when my longs fail.
I can wait for my logs to come around if they are not gay….
My calls are so fucking prescient…its not even funny anymore. I am like the Rodney Dangerfield of the bloggers. No respect. I am going to up the ante. I am going to send flowers to anyone who follows my calls and makes at least 10% gain on their portfolio in less than a month.
….in a non-gay manner of course
Send them Pansies..very manly
OK StockRider…I want to know if this is in the Stars for tomorrow or Wednesday???? …So I am looking for a big drop tomorrow or the next day to test the Advance- Decline Support of -2670 on the NYSE before we attempt a rally, The low TRIN gives us Gas for that if we want to…..Plus the Power of the Evil 610MA on the Daily multi month is MADE for these wild moves…..yet with the VXX being down, I still won’t be surprised if Amature Hour will attempt a rally before slapped down hard………..So Dear Sender of Flowers, are the Planets and Stars lined up for this type of Move???
Nymph will do anything for flowers.
Even short Indian iron ore.
_____
Jake, lol, so true……but Stockrider didn’t even answer …
The volume was unbelievably light so I wouldn’t read too much into it.
That said price needs to be respected and I was stopped out of 2 half positions today.
This is a time of seasonal weakness for VIX and therefore for VXX. The SPX options traders know that actual volatility is low right before Labor Day and dial down the bids. Implied volatility is leaking out of a lot of options that I track.
should fly FIRST CLASS. use to remember back in the good old day I was the last one on the plan and just sat down on first class for free. Plans were never full back then now, pack like Indian train, Japan subway or damn Mexican illegal smuggles
Yo, Rodney, respect is earned, not asked for. Don’t be surprised if you send buttercups and get stinkweeds in return. Aint nobody gonna tell no lie jest fer a handfull a purties.
Don’t worry Gents… I have many more tricks up my sleeves.
ruggyup,
Read properly, hick. The whole point is someone will make 10% or more in less than a month following my calls. And I will send flowers to prove it and express my gratitute towards blind trust. And no…you cannot sue me if you fuck up.
You know what I am gonna up the ante further. In addition to flowers, I will sponsor a 1 day piker membership to PPT! Fucking terms and conditions apply.
Now this is fucking historic huge! Who is accepting my offer now?
I’d like put options on your calls. As a hedge.
I like you…give me your full name and address. I will send you a flower.
Fly, are you wearing white shoes & blue jeans today? If so, your wife is smokin’ hot.
sorry you missed me. Blue shorts, white polo shirt. Wife is still smoking hot
Oui.
____
short $1 VXX, long $2 VXZ, rebalance every couple of weeks while you sit back and enjoy the near month contango.
“My flight to California cost me a fucking bundle, having missed the morning spike—then subsequently pummeled under a sea of red.”
Fly, next time use a real airline with in-flight Wirele+++ATH NO CARRIER
P.S. Just got back from a cruise to Nassau – talk about crap technology. Worst WiFi ever. Sixty five cents per minute, average time to connect and load Google Mail, about 5 minutes. Want to write a message? Another 3 minutes for the Compose Message box to appear. Attach a file? Forget. About. It.
And this was in the friggin’ Royal Suite.
Otherwise, Atlantis on Paradise Island is a must-see.
Overpriced tourist trap.
Last week I made a trek to the hinterlands of Thailand. This is an area that 5 years ago didn’t have running water. We’re talking real roughin’ it shit here.
Well now there is running water and everything else. I picked up a local UBS wireless internet modem for the equivalent of $30. Got a SIM card with 30 hrs on it for a whopping $2. Great signal and plenty fast. Not direct connection to a T1-line backbone fast, but good enough for my pursposes. One of the best value deals I’ve seen in a LONG time anywhere.
My flight to California cost me a fucking bundle <– Next time drive your ass to Coney Island.Mo betta anyways.
Waffled this morning over the sell decision, chose not to pull the trigger and it cost me. Back at it tomorrow.
Planes are awful these days – about as comfortable as the Fung Wa…
http://www.youtube.com/watch?v=TWIUWJs2Fgg
Take the Red-eye. Saves $ in more ways than one.
Funny I had the same thing happen and have heard this from other traders today. Longs lost, downside hedges lost. Everyone lost today as monies was suctioned into a vortex of unknown dimension and depth.
I blame the Fed and their cherry-picking Treasuries with their sophisticated spline models.
Fear not young lion heart. THe spirit of the claw hammer will return to you in short order. And I will be there slaying our common enemies with a rusty blade pulled from my burlap scabbard. tally ho!
I have enough money for the rest of my life….unless I want to buy something.
Rodney D.
Muthafuckin-sonsabitchin-shiteatin-asslickin-goddamnation!!! Fuck it all to hell in the ass with a dry wooden axehandle. I give up on this cock sucking gay ass piece o shit rigged as hell fuckin “market.” All who enter be forewarned…the powers that be have TRILLIONS in capital at their disposal, along with all the politicians and policy makers in their pockets. The “market” will do whatever they goddamn command it to at any fucking moment they decide, regardless of logic or history or the PPT or supply and demand or whatever. The only rule in force is the Golden Rule…”Those with the Gold make the Rules.” The rest of us, including Le FLY, are fucking sheep for the slaughter, destined to line their pockets with every cent of our hard earned cash AND MORE. If you have any fucking $$$ left, bury them in the back yard. Or at least light them on fire so you can enjoy the warmth and glow. Else it will simply disappear into the accounts of the GS Tradebots so they can continue to boast of reaping millions per day every single trading day of the motherfucking year. So long fuckers…I’m off to try my hand at Russian Roulette. At least my odds there are better than this fucked up stock trading bullshit!
u mad?
relax and put the gun down. you’re thinking too much.
trust what you see, forget about what you believe, it doesn’t matter.
only price matters, so pay attention to price and don’t forget to take you ADD pills.
the market is going sideways. be patient and wait for a trend to develop. eat a sandwich, if you will.
good luck.
@Phukd a brilliant rant. Enjoyed it immensely.