BACK IN MY TANK

I just got home from that fucking rubed out bitch of a whore place in central, PA, where goats and fuckers looking like Abe Lincoln reign supreme. I had a bit of a scuffle at the local pancake house, where the service was way less than acceptable. I make it a rule, never bitch when at a restaurant, just walk the fuck out. Fuck those people running sideways (no idea what the means, but it sounds insidious).

My house survived the storm, unscathed. The only causality was two potted palm trees on the ground. I picked them up just a minute ago, while eating a granola bar.

As you can see, the market melted the fuck higher today. I love it. All of those brilliant risk managers on CNBC getting air time due to the end of the world thesis just got blown the fuck up again, for the umpteen time in so many years. Seriously, you don’t sell when fuckers go on teevee and tell you to go to 0% equities. Look, you don’t let those people manage money for you. They aren’t qualified to run an UGMA; keep them away from your brains.

My investment strategy has evolved a great deal over the years.Before I built The PPT, I used to spend an inordinate amount of time sifting through balance sheets, looking over momentum runs. Now, all of that, and more, is run by my algorithms. Because of this, I am able to trade bigger. My average position size is 10-20% of assets now, up from 5-7%. See when I am buying WNR, DECK, GSVC, VHC or IPGP, I don’t think they are going to trade higher, I know they will. My convictions will either make me richer than a mothefucker swimming in crude oil or carnival poor. Here’s the thing, I’m already rich; I just want to get richer.

For the year, I am up 17% and I am up on my WNR position, now 26% of assets. The whole “never put your eggs in one basket” argument is poor fallacy. If fallacy could be embodied into one fucking statement, that would be it. Look, if you don’t know what you are doing, you will lose. There are no short cuts around that. From time to time, we all fuck up and get lost in a sea of idiocy. The key is to bounce back and stick space swords into your enemies with great swiftness. Typically, I won’t up the size of a single position over 30%. But, I am no longer comfortable with babysitting a bunch of positions, having to run 10,000 trades per month.

I refuse to do that on principal.

Don’t follow this strategy because you will blow up. “The Fly” is on another level, zipping through neighborhoods, vaporizing crops, abducting fuckers from Idaho. During this last dip, immediately, I sold out all non-central stocks and focused on averaging down on core positions on dips. As a result, I am now up on all of them, sitting prettier than Pepe Le Pew, sans the stink, on top of a 42% cash horde.

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