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
23,445 Blog Posts

Take Your Little 5 Figure Account the Fuck Out of Here

If a client came to me and said “Fly, I have $30,000 for you to manage. Will you please help?” I’d have no choice but to laugh in his face, throw wine on his mustache and challenge him to a “death match” inside of a phone booth lined with metal spikes.

People from the internets: I NEVER want to hear about your trials and tribulations. I do not care if you are having a difficult time reading this tape, because I’m not.

See, I’m on fucking fire here, banging out one hit after another. They call me “The Hit Factory.” While sharing my views and trades here on iBC, you need to exhibit proper decorum by not expressing your small minded opinions. It makes for poor spectacle and only highlights the shallow depths of your cognitive thinking.

I challenge you to watch me very closely and witness greatness. It is rare for you to witness such things, in a country filled with mediocre fuck ups. I am exactly what this country needs right now, greatness through showmanship, coupled with extreme acts of random and egregious violence.

[youtube:http://www.youtube.com/watch?v=9z_izmU_PIk&feature=youtu.be 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter

109 comments

  1. JJton

    You might be the biggest dbag on twitter. I saw yout VIX put call and SPY long calls last Thursday at the close. They got smoked! Also, the fact that you chose to use a Chris Brown song in one of your post further shows the world that you are in fact a secret agent for Summers Eve.

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  2. Outofmiddleclass
    Outofmiddleclass

    Amazing

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  3. sundevils20

    He definitely is not the most honest blogger and doesn’t really admit when he is wrong. He called for a huge rally today which didn’t happen. He switches from bearish to bullish each day and acts like he calls the market right every time after it already moves a certain direction. With that said it’s still a very entertaining blog just don’t take it seriously.

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    • Johnny2time

      The Fly may be many things but dishonest is not one of them.

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      • lindsay

        sundevils20- have followed him closely for almost 3 years now –have never seen him be dishonest.

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    • The Fly

      Incorrect. Every single part of what you said is wrong.

      I am 40% cash and if I expected a HUGE rally, I’d be 100% long, no?

      All of my positions and price points are available.

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    • The Fly

      You need to watch me daily before you say such things too. I trade the ranges and the ranges change almost weekly. I might be bearish tomorrow, who knows?

      The point is, you, Sir, are a cocksucking liar and find it easy to throw meatloaf instead of supporting your outrageous claims via facts.

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      • Bill Johnson

        For such heresy, Sun Devil should be banned before let in… and kicked out of the Pac-12!

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    • jimmy_two_times

      you need to see the time stamped trades inside PPT, and the yo ucan cut your own nuts off and stick them in your mouth.

      seeing as we are not savages, you may saute them in a port reduction before serving them up.

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    • razorsedge

      do u trade? or just look sometimes as tickers pass on the news. if things stayed the same all the time it would to be a breeze, things have been changing by the second. so u can be bull one day and a bear the next, or like today bull and bear in 3 hrs.

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    • kwonk03

      go look up what swing trade means before posting idiotic assessments, sundevil… once you do, perhaps reading here will not only be “entertaining” but also profitable.

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    • jg

      listen up stupid fucks,

      the key to reading this blog is to “listen to Him very quietly”

      do so for a good year before opening your gob. if you can be consistent at any one task, that is.

      really, that is all.

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  4. Ron Paul is back
    Ron Paul is back

    The price of gold has increased by 3,900% in the last 40 years. That means that relative to the U.S. dollar, our fiat US dollar has lost 97.5% of its purchasing power. If you had an ounce of gold that you bought… in the 1970’s, u could trade it in for dollars, and in today’s inflated prices u would be able to buy oil at the same price it was in the 1970’s. That means that gold doesn’t lose value, only paper money does. Interest rates are gonna start to rise this year. In the next 5 years there will be a bond crisis in this country. (Alhtough I’m not gonna lie and say that I don’t already have a bet placed that some type of bond shakeout is coming going into the fall of this year)

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    • drummerboy

      absolutely,moodys’ is already got over a hundred twenty five cities on downgrade.but my opinion of rating agencies are biased,so fwiw

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    • Mr. Cain Thaler

      You’re cherry picking an oil crisis spike. Last I checked, oil was under $40 a barrel through most of the years surrounding Carter.

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    • Geoduck

      So what happens in the next 40 years? Such time spans tend to have different outcomes.

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  5. Quint

    2 commas…if you don’t have at least that in your account….pfffffffft

    And to commemorate MTV’s 30th birthday, maybe you should play “Video Killed The Radio Star” by the Buggles.

    But then again most of you were in diapers then, so I doubt you remember.

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    • go2mars

      Good thing you’re back in diapers to catch that pffffffft. Some of us have made over 100% for a few years now and are still in 6 figures. What does that mean? It means we’re not old as you yet.

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  6. WTF?

    I will not get involved in this rumble other than to say: “Litte”?

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    • Johnny2time

      It seems the angrier the Fly gets the more prone his writing is to spelling errors.

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      • razorsedge

        excuse me, the fly is never wrong! it is spelled that way, damn it!

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  7. Frog playing a colorful accordion
    Frog playing a colorful accordion

    Fly, not everyone untalented in the markets has a 5-figure account. I’ve heard that Warren Buffett was quoted as saying “With enough inside information and a million dollars, you can go broke in a year.”

    Just because a person, or their parents, is talented at making money in one area of work, doesn’t mean they have the kind of talent you do at playing the markets. The richest fucks I know sat through 2008 and lost their butts.

    I guess you learn something new every day, LOL. I had to google Summers Eve to find out what that banned guy was talking about.

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  8. razorsedge

    i have a 5 figure acc. $ 121.05 i started with a 4 figure acc. $12.97 amazing how much i made in only 12 yrs,

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  9. razorsedge

    “hard time reading the tape” i pulled out my tape from the drawer, i cant even see any thing to read.

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  10. ruggyup

    So He says with great humility, I am what the country needs, etc…….. Potus, such modesty is unbecoming. I give no one, as in nobody, my money to manage. Haven’t been down to 5 figures since the first year at Hotchkiss.

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    • JakeGint

      And that was just your trust fund monthly distribution check.

      You know that they say — there’s one sure way to make a small fortune…

      Start with a big one.

      _________

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    • jg

      what bitchass mentions his pedigree?

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  11. Pete

    Fly made a post about me <3

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    • NWO club,you're not invited
      NWO club,you're not invited

      Yeah Pete, I think you were his inspiration, but on a day by day basis the stock market is really not always that great a barameter for valuing a company and in the short term maybe its not meant to be…Hope you stay in the game.

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  12. Mr.Pink

    Will you post some Rick Ross videos in the next post?

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  13. dumas

    fly, how about a new avatar?

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  14. razorsedge

    as i listened to congressmen talk about getting back to job creation, i was thinkin stop thinkin u guys create jobs, and get the fuck out of the way of the guys that do..

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  15. FIG

    I bought XIV too. It was very clear that volatility was out of whack. I am not taking any chances though, and got out at the end of the day. A nice 5% return on my money, thank you very much.

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  16. GYSC

    Lotta trolls today.

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  17. razorsedge

    am i diverified? nat gas drillers, nat gas conversion, nat gas liquifier, gld

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    • NWO club,you're not invited
      NWO club,you're not invited

      Cramer says “no”, T Boone Pickens says “HELL YEAH”

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    • ruggyup

      Of course you are not verified without an interest in LNG transporters.

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  18. Stosh

    my es short from last night at 1306 has been covered… feel a bounce coming .. a contra trend bounce that should be used by longs to get out… any bounce should be shorted with both hands and feet. If we can somehow get back to 1325 I will be making largest short bet of my life GL

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  19. Stosh

    fly .. still like FORM long term ? what is thesis for that position.. gracias

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  20. mutabaruka

    Don’t give up son you will eventually have a seven figure account. Not everybody is born rich. Worry about the process and not the money.

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  21. Sierra Water

    I traded a 4 digit account into a 5 digit account when I was in high school and then was able to trade a 5 digit account into a 6 digit account in college. Now I’ve got a 7 digit account 15 years later, mostly due to investing my entire acct into precious metals in 2004. Btw, I tanked my account by more than 50% a couple of times, once being heavy in options during the crash of 1998 and the second experimenting with the forex. Each event was priceless in its lesson and has made me the swing trader I am today.

    Sierra

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    • HEADON!

      Cool story bro.

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    • Dr Fly

      Sierra is the man.

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      • TraderCaddy

        I’m just glad that they didn’t have cell phones, laptops (or even desktops), Quotrecks (some of you may know what this is), discount brokers, etc. when I was in college.
        I would have spend my entire time in the dorms trading my student loan $$.
        Mom and Dad would have been disappointed in their youngest son.

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        • MX2101

          I remember the Quotrek like yesterday. Here is a picture of one from the Internet, possibly in a dorm room….

          http://i29.tinypic.com/1zqrh51.jpg

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          • Po Pimp

            Great book in the background. An all-time classic.

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          • The Equalizer

            I wonder when the satellite (or was it FM-based?) feeds to those things finally went dark. Hard to tell on the company’s history page. If I had one, I’d have half a mind to power it up, just to see if some computer in a dusty closet at some long-forgotten radio tower wasn’t trying to make sense of decimalized quotes…

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          • MX2101

            It was a sub carrier on FM radio stations.

            500K- not me, the picture is from an elite trader message board, just found it as an example.

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          • 500kMin

            Your forehead hasn’t changed over the years

            http://i29.tinypic.com/1zqrh51.jpg

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  22. Snoop

    The “Bin Laden Top” shall remain in place until the Bearded Clam decides upon a new level.

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  23. Johnny2time

    WE’RE IN BEAR MARKET!!!

    http://www.youtube.com/watch?v=gfhIX8jm3W4

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    • THATS A CAPITULATION!
      THATS A CAPITULATION!

      This was by far the funniest stock market video I’ve seen. THANK YOU for the huge laugh!!!!!!

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    • Bullish

      That was hilarious!

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  24. Bullish

    Inflation or Deflation????

    So I stop in my local Jos A Bank today while shopping with the mrs. Since I do enjoy their dress shirts I thought I would grab a few.

    Previously, the cost was $79.50 per shirt. Today I noticed the same style shirts cost $87.50 or a 10% increase in cost!

    However, the salesman gave me the weekend special upon me asking (since there is always a sale at JOSB) buy 1 shirt get two free!

    So three shirts cost $87.50.

    Is that considered inflation or deflation?

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  25. silentmax

    heres just my view on things on the record. not giving advices to anyone

    short term euphoria once the debt ceiling passes then people start to look around and all is not well.

    then the real pain comes. while “everybody’s eye of sauron” was so intently focused on the debt ceiling deal. it shifted so much focus away from everything else.

    the damage has been done. there are many countries now who are diversifying away from the dollar in trying to front run the downgrade of the AAA rating which is somewhat now self fulfilling. funny how that works out.

    i want to see real pain. real suffering until ben bernanke says enough is enough and we get qe3. then watch everything rip again as we go on full on stupid money printing to the upside.

    only untill then.

    either way we go sideways to apolitically down. until the clam says uncle

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  26. silentmax

    apocalyptically…. damn you auto correct

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  27. razorsedge

    got my kids together today and said: due to current economic conditions, im gonna have to let one of u go…

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    • go2mars

      If dowry or bride price don’t factor in where you are, just unload the lazy one.

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  28. outofleftfield

    Where is the VKING?

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    • go2mars

      BANNED himself in his arrogance. I still like to see him share a “random topics” blog with 2 or 3 other comical characters.

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      • Frog playing a colorful accordion
        Frog playing a colorful accordion

        I thought people who got banned could come back, after they watch Greg Solomon’s video?

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  29. lol

    If the fly is dishonest, it is only because he went back in time to change reality itself to correspond with his winship, rather than using the time machine to see the future.

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  30. itg

    Have your elites ready as hell is about to begin its reign of terror on your mind and soul whether you’re ready or not.

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  31. jeremy

    Only way you can get unbanned, is to move town to town .

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  32. Frog playing a colorful accordion inside of a phone booth lined with metal spikes.
    Frog playing a colorful accordion inside of a phone booth lined with metal spikes.

    I just got it. Most folks of Fly’s social class have been convinced that their best interests politically and economically are the same as Immelt’s and Blankfein’s– when actually their best interests are more similar to those of the middle class. Both small businesses and middle class individuals are being taxed to death, to make up for situations like GE paying no taxes and getting a $3.2 billion tax benefit

    http://abcnews.go.com/Politics/general-electric-paid-federal-taxes-2010/story?id=13224558

    and GS and other banks being bailed out by taxpayers, including AIG being bailed out by taxpayers in such a way that GS got 100 cents on the dollar for every dollar it that AIG owed them. And then they turn around and give their execs gazillion dollar bonuses. Bonuses that were ripped out of the asses of taxpayers and small business owners.

    Fly, do you get a $3.2 billion tax benefit if you make billions of dollars in profits? If not, then your interests are not likely the same as GE’s. Not to say that the other party should be able to waste money either.

    But both parties screw over the middle class– even including, or maybe especially, the upper middle class.

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  33. Frog playing a colorful accordion inside of a phone booth lined with metal spikes.
    Frog playing a colorful accordion inside of a phone booth lined with metal spikes.

    BTW, Fly, I am glad you are not Immelt or Blankfein. They would never have anything interesting or original to say on the Internets, or anywhere else. They have given up their independence and their free thinking to be big company men. They are mentally impoverished compared to you.

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  34. HalfBloodPope

    It just so happens that trading stocks is one of the the subjects in which the Fly is quite knowledgeable.
    Full disclosure: I trade a 5 figure account.

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  35. i made $3700 today
    i made $3700 today

    If you understand The Fly, you will understand that he does not mind the 5 figure account plebs that peruse his site and leech on his winnings, but rather it is the smug demeanor in which the know-nothings attempt to provide advice back to our lord and savior. God bless.

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  36. GravestoneDoji

    PRINT BABY PRINT!!!!

    Signed,

    The Gang of Six, aka

    Chuck Ponzi
    Bernie “Pookie” Madoff
    Timmay Gieithner
    The Bernank
    P Krugs
    Bam

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  37. johnny2time

    This market’s really looking like she’s ready for shorty to do his dance.

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  38. Todd

    Great fucking point. You chatting about your brilliance is all you need to do. As a beginner (2 months) you’ve shown me a 68% return. Keep it up bro. Once I get this option thing figured out and approved…no limit. I got 3 other dudes watching these posts…don’t fuck up!!! Haha. Thanks.

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  39. David Tepper

    It’s cognition you fuck knuckle!!

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  40. David Tepper

    It’s cognition you fuck knuckle!!

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  41. David Tepper

    It’s cognition you fuck knuckle!!

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  42. David Tepper

    It’s cognition you fuck knuckle!!

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  43. David Tepper

    It’s cognition you fuck knuckle!!

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  44. David Tepper

    It’s cognition you fuck knuckle!!

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  45. David Tepper

    It’s cognition you fuck knuckle!!

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  46. David Tepper

    It’s cognition you fuck knuckle!!

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  47. David Tepper

    It’s cognition you fuck knuckle!!

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  48. David Tepper

    It’s cognition you fuck knuckle!!

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  49. David Tepper

    It’s cognition you fuck knuckle!!

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  50. David Tepper

    It’s cognition you fuck knuckle!!

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  51. David Tepper

    It’s cognition you fuck knuckle!!

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  52. David Tepper

    It’s cognition you fuck knuckle!!

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  53. David Tepper

    It’s cognition you fuck knuckle!!

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  54. Accordion Lessons

    Attractive component to content. I simply stumbled upon your web site and in accession capital to say that I get actually loved account your weblog posts. Anyway I will be subscribing to your augment or even I achievement you access constantly rapidly.

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