I am so mad right now I can punch a hole through a homeless person. My overzealous faith in clams and other such magical entities has resulted in a money losing endeavor for 2011, thus far. I’ve been deballed on several momentum names and it appears I am on the wrong side of the sword. I had to force myself away from the desk today, in order to save my positions from being liquidated. I know this is very short sighted for many of you ham and egg money managers. But then again, there is a reason why I am better than you by a factor of 10.
Year to date, I am down 3.25% and 15% in my personal /aggressive account. I can accept a 15% ding, following an 875% windfall. It’s the law of averages at play, things of that nature. No emotions, that’s just how it works. However, for managed accounts, I cannot accept a -3% setback, so early on in the year. For the week, I was down about 6%, making it one of my worst weeks in awhile.
You do not understand how this makes me feel. My entire weekend is ruined and I will now lament over Sunday evenings Asian trade. I find this business, at times, to be very tedious. It’s a looping process of success, failure, cleaning up messes. Here I am, coming off my best performance year ever, telling new prospective investors to “fuck off,” as I am not accepting new clients, talking to you from the discomfort of a fucking murderhole.
Case in point, I dropped 400k into OPEN this morning and it reversed on me, like a fucking cinder block in jello.
In short, I am going to have to restructure my portfolio. At the present, my largest positions are TEX, OXY, PH, BORN and SFLY—a losing combination. If I read any bullshit in the comments section, with regards to offering me financial advice, you’re fucking banned. Moreover, I will track you down, like the pigs that you are, and punch your chest hairs off.
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Fly, what is ur email?
flybroker at gmail
Financial advice: get drunk and forget for a bit.
Don’t bother with V.King – he uses chest Neet for men.
Wow seeing the headline I figured it was a reference to DevilDog’s mother.
Sorry to hear that Fly. I hope you get better soon. I, too, am down for the year. The good thing is that I made money today, but I won’t tell you how I made money, cause that would make me banned.
I would like to see the ballsac ripped clean off of anyone and everyone…no exceptions.
I took calamitous losses in all of my asian properties today, save vietnam. And those fucking coffee roasters in colombia spouting off about low yields cost me a fortune.
I end the week marginally higher but – and this is the important part – BUT COMPLETELY UNHEDGED. All my protections expired today and I just couldn;t bring myself to buy a bunch of overpriced february puts when all my positions are most probably at a swing-low.
But what if they’re not….what if this bleeds over into monday into a proper bloodbath? I will get murdered. That’s what.
I am praying for a big fake open on monday just like this morning so i can buy puts a-plenty, and maybe even some TZA to take advantage of the Fly’s liquidations. God help me if we open down 2%.
should have stuck to your roots bro. i shares bal. mofo’s on fi-a
Who’s picking dat cotton Chris 🙂
hay hey hay:)
was that jive?
Again, I question how you can have any money left at all.
Are you Cap under a new moniker?
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funnily enough i am only 1/2 percent below all time highs…
after last may i stopped being so risky…i am trading a well backtested mechanical approach now with some selective hedging (that part has not been backtested). still, im using high leverage…i wont actually blow up but i could lose 20% pretty damn swiftly.
sqizzo,bizzo,bazowie dat
drake makes me feel better too 😉 don’t be so hard on yourself
4 things today are telling you that there’s about to be a municipal bond bailout
1. The massive “mystery” spike in the euro over the last 48 hours, and institutions suddenly dumping the dollar
2. The fact that $MUB and $BAB did well today, and during most of the week–in a total “costanza” fashion.
3. Gold and Silver didn’t explode higher. If we allowed state bankruptcies , you would see a spike in PM’s, for at least a few weeks. The institutions would at least be hedging , and buying them into close.
4. Coordinated effort by corp/gov news sites like NY times and drudge–trying to convince the public munis wont be bailed out. Drudge plays the right’s party line, NY times plays the left. When you see them both agree on a rumor at same time–you know that they received outside pressure to do coordinated story release.
EUR/USD was a short squeeze by a large firm, I would not read into that much.
Actually the gossip was more per Jamie at Live that there was a barrier option due on Monday at 1.3600 and the side that sold that option had more firepower vs the chinese traders that bought it. Watching how it came off its high tells me that we could see a weaker eur/usd at the start of the Asian Session…we will see. Plus, Ifo was a beat in Germany, but imho, that is a reflection of a stronger Germany, with Money going into germany vs a stronger europe.
Next week we get Clam Talk when Fed comes out on Wednesday….boy, I am so sick of clams.
Looks to me like a day trader’s market right now.
Fuck everyone on this thread.
Do you trade stocks and options?
How can I find out how you made your return last year?
I’ve searched the website for roughly one hour before asking the question. I’m sure you’ll make it back by the end of February.
bitch, whore.doesnt matter.didnt you call someone a pussy last week,cause they said they went flat,or something like that……
BANNED
lol wat?
Go find that homeless dude at Dunkin Donuts and see if he can take a punch. Maybe he used to work at Lehman Bros.
homless guy eatin a 2/12 inch poke chop at the dunkin doh-nuts,has an iphone now,and sittin on an adirondak chair made of beechwood.roflmfao.
I am sick and the wind chill is -40
A wise NY Yankee once said, “In theory there is no difference between theory and practice. In practice there is.” He shoulda been a trader blogger.
i fucked a hippie chick recently. remarkably good.
Green condoms or green teeth ?
Apparently Napoleon liked dirty women too.
Fly, I hope you are able to get some exercise, or to go skiing or boating or whatever with carefree friends, or whatever activities work for you to let off steam. Rationally we all know that there are ups and downs in trading, but emotionally a person still needs release & relief when the downs happen.
Interesting thesis there, Panamaorange. Shows what the difference is between the Right & the Left.– nothing of substance. Or the difference is in whom they hate. The Right hates the Left & the Left hates the Right.
Every election we get to go into the voting booth & pick out which candidate we want, from a list of them that are ALL running on Special Interest Group money, & so they are ALL serving Special Interest Groups in their efforts to rob the public blind.
It’s like getting to vote on which burglar will knife you in the chest & steal your wallet.
So let’s have one of those big Internet arguments about which burglar is better.
Jake begins.
A vicious thief was pounding DC’s concrete petting zoo when a neatly tailored gentlemen nearby he acosted. “Give me your money” the thief spewed. Aghast, the man replied: “Do you know who I am? I am a Senator!” Without a blink answered: “In that case, give me my money!”
People think the Right & Left do not cooperate. But that’s wrong. Both parties frequently get together to allow various folks to rob the public blind. It happened with TBTF banks & it is certainly possible that it will happen with TBTF municipalities– although I certainly hope it won’t, as I would really rather not be robbed blind.
Not worried about Tex. In 6 months it will be 10 points higher
Unless things get worse in the economy.
still holding motr… insiders scrambling to get out. have a great weekend
Its going to be hard to watch asia on Sunday while the J-E-T-S are making their way into their first Super Bowl in over 40 years!
J!
E!
T!
S!
JETS! JETS! JETS!
Woo hooo!
______
I hope they make it only to have their fudge packed by Green Bay.
I’m rooting for the Jets only because it’s the lesser of 2 evils. Hate Pittsburgh.
Hard core Eagles fan here, but since they suck goat balls when it comes to playoffs, I all about the other green and white team.
GoJets!!!!
I thought that the Winnipeg Jets got dissolved!
this is the best post in a while. i love this shit. i am wallowing in my own murderhole, but i know this fly. this is a motivated fly and we distinguished gentlemen of the PPT will be the benefactors!
Possibly the correct word is “beneficiaries”. Whatever, you get what I’m saying.
I’ve never heard Fly whine like a bitch before.
Your mother has a penis.
Probably bigger than yours too. lulz
PSO.
and that’s not short for “piss off.”
Boy am I glad I went short in After Hours yesterday. Today was a nice day indeed. Made back some of my crazy losses from yesterday. More volatility ahead people. This was just the beginning.
At least it is good to see that the Fly is now realizing that there is no such thing as an up only market. When it turns on you, it hurts. Remember that this is only the beginning though. Cut your losses, lick your wounds, and go short to try and make everything back.
Shut up, bitch-whore.
I’ve lost 10% this year too. Pisses me off considering the major indices are only down 2% or so. I’ve been on autopilot for the past few months throwing darts at the newspaper and watching my account values rise, but now it looks like I’m going to have to change it up.
Momo names selling off are just another sign of the coming 8%+ correction…you will make it back up…
its the so sadness
Poof! If anyone offers financial advice on this thread I shall turn you into a hobbit with a permanent mustache so it can be punched off eternally by a fly.
Couldn’t agree more. I wish an asteroid would crash through the CNBC roof and eviscerate Mellisa Lee into a cloud of smoke. Someone please tell her she has fat, pale, old chinese-lady legs. And if she gives one more of those pathetic ‘I think I’m so hot looks’ into the camera as they cut away to break… I’m going to personally storm the set and knock all those phone books out from under her that she’s sitting on.
you know what they say about chinese pussy……………
Smells fishier than usual?
Designed for little dicks?
Dying of curiousity here.
I am only down 3.24% and you are down 3.25% so I am beating you and I am just a piker. Ha ha.
Here’s a political joke for you.
A politician dies & goes up to St. Peter @ the Pearly Gates. St. Pete says “We have a special deal for politicians. U get to decide which place U want to go to. U get 2 C both places first. So he brings him to heaven– full of people on golden jeweled thrones playing harps, with angels flying around.
Then he takes him to see hell. There are huge banquet tables where all his friends welcome him to the party. He sits down for a while & eats caviar & lobster & endangered species with them, drinks fine wines, avails himself of prostitutes of both sexes, snorts cocaine etc.
So they leave & he tells St. Peter “I already know which place I want.” St. Peter says “No, I want U to sleep on it tonight & tell me in the morning.” So he sleeps outside of the Pearly Gates that night.
Next morning, he tells St. Peter “Well, St. P, I really gotta hand it to you, your heaven is quite a nice place. But I think I would be more comfortable in hell with all of my friends.” So St. Pete brings him to hell.
He opens the door & sees everyone standing chest deep in excrement, drinking coffee. Then the big red Devil with horns & a pitchfork, says “OK, coffee break is over. Get back to standing on your heads now.”
The politician is enraged. He tells St. P “This is not what I was promised. I’ve been misled.” St. P says “Tell your complaint to the Devil. He is in charge of what goes on here.” So he tells it to the Devil & demands to know why he was deceived like this.
Devil shrugs & says “Yesterday we were campaigning. Today you voted for us.”
Nice! I think you mean “Obama says, “While campagning, I promised a humans to Mars program and a space oversight committee to tie together the entire space program from all government departments. Today… not so much. Now stand on your head!”
Not that can vote in the US. I would have even taken the ugly old man and his dumb bear-guttin’ hat-holder over Obama.
No, I don’t mean one specific president or politician. Almost 100% of them fail to deliver on their campaign promises (unless they promised to rob the citizens blind and give your money to the Special Interest Groups.) Yet people keep imagining that the burglars/politicians of their own favorite party are better. They aren’t.
http://www.myconfinedspace.com/2007/07/22/caution-vehicle-may-be-transporting-political-promises/
It’s like watching that TV show “WipeOut”. Sometimes you manage to get to the other side, and sometimes you end up in the crap.
Seems like when you try and trade in narrow trading ranges you get burned…..
Would it make more sense right now to have 50 percent it in some high quality stocks
keep another 50 in cash in case we get a good pullback, or at least until we know for sure
the direction of the market…
My guess is that FORM and BORN and the rest of the market will be up next week, and with that in my mind I intend to enjoy the weekend away from all the little up and down numbers.
You dont consider ph, Tex and oxy high quality?
I am not experience enough to even think about giving you advice..Just for a guy like me I know that I am not good enought to trade in and out of of stocks when the market is like this. It’s easier to make money when the market is going up…..But only the strong survive when the market is choopy, or difficult.. I ain’t there yet.
Tradeoutperform
All trades are done in real time here and archived. They are time stamped inside ppt
Fly I think it’s time for a Bad Leroy Brown video by Jim Croce
I’m not one to think it could be this simple, but so far this year is eerily similar to the start of 2010.
Egggszactly!
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Last year I fucked up royally right about here. I was sitting on a big cash horde and positioned for a pullback. When the slow drip started I started buying in. I thought it was a cute little pullback nothing to get worried about. The selling picked up, I kept buying. Next thing I know, Greece is going to be the end of the world and things get a bit dicey. Big drawdown before we reached the Feb lows.
This year I am better positioned. Quite a bit of cash (not 90% level mind you) and a mix of long and short exposure. I’m pretty much flat for now. I will also not be too quick to jump to one side or the other. That’s what got me last year.
Ya i know what you mean. Coming out of 09 i had roughly 24% gain..being mostly long going into 2011 the market then reversed early on and burned me too. However… if I would have just held them, buy the end of the year I would of been up huge.
“Fuck everyone on this thread”
Classic Fly. Keep em comin dude. You are Hilarious. As for the market it blows. TIme to step away in mainly cash and evaluate.