Do not fear, I will not sully these grande pages with vacuous self touts. I know the small dick crowd out there feels threatened by my alpha; but that’s because they are people of low quality, stuck in middle class hell. Hey, I’m partly human too. Just last month I reported my personal/aggressive account was down 35% for the year. I wasn’t mad about it because it was +990% last year. I took $100k and tossed it into a highly leveraged account, using only proprietary algorithms provided by The PPT, and turned it into a milly. Most of my losses stemmed from a fucked up ZSL trade gone awry, then a slew of option trades gone wildly fucked up.
When the market crashed in early August, my big dicked WNR position tanked so hard, I was nearing a house call on that account. Luckily, the market quickly rebounded and WNR lifted off $12 to $18 in a matter of weeks. However, my options account got nuked, due to the short duration of my contracts. It just so happened that I was long $120k worth of short term call contracts (seeded with just $20k), just prior to the crash. Again, this is my GORILLA, RICK ROSS, COCAINE trading account, not managed.
I lost 100k of the 120k in short order and I had a good chuckle over the tragedy. That’s the market and there is never a reason to whine about losership. With WNR and DECK rebounding, I decided to try my hand at options again, this time with a little more cocaine.
On 8/18, I bought the dip on DECK, loading the fuck up on contracts, buying the 77.5 calls at $5.20 and selling them at $10.5 on 8/29. I was back, at least in my options account. With the proceeds ($20k), I bought very little CXO calls for a small win, $3.00 to $3.30. Then I took a break, opting to fuck around with VHC, IPGP and more WNR. I did that and won with style and absoluteness.
Then on 8/30, The PPT was SCREAMING OVERBOUGHT, so I said fuck it and dropped it all ($23k) into TZA calls, positioning in the Sept 40 calls with a cost basis of $4.10. Fast forward a few fucked up days in the market and I sold them yesterday for north of $10. Now my options account is fucking with $56,000.
Yesterday, after having a discussion with my bathroom urinal shadow (think Mr. Grady from The Shining), I dropped it all into TNA calls, varying in durartion, but mostly Sept 40’s, cost basis of around $3.50 on the 40’s. The market broke the fuck out today, sending the 40’s, $41’s, $42’s and $43’s ripping. Now that bullshit 10k account is worth $105,000.
I’m not done.
Mid-day, I bought $10k worth of VMW Sept 90’s, for about $3.2ish. I’m up 31% on them since this morning. Finally, I doubled my TBT position today for clients, but increased my options position in my personal 3x. Right now I am long the Sept 24 calls, not really giving a fuck about the outcome, having just $15,000 invested.
So, at the end of the day, this account closed at a tad over $108,000, seeded with $10k on 8/18, a return of 1,080%—ROFL. I am still long the Sept TNA calls, TBT, VMW and a shitload of WNR common.
How’s that for crazy?
NOTE: The GORILLA, RICK ROSS, COCAINE account is now breakeven for the year.
[youtube:http://www.youtube.com/watch?v=TYkVHFP53Do 603 500] If you enjoy the content at iBankCoin, please follow us on Twitter
…a sprinklin’ of exclamation points in that post would have been very effective ! imo
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I’m a BIG fan of the exclamation point !!!
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It is commonly known that people who make excessive exclamatory statements are mentally ill.
“commonly known” ?
Gotta say … never heard that before !
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Too funny !!!
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Yes, it’s commonly known that the use of three explanation points or more is the first sign of insanity.
The second sign of insanity has to be putting unnecessary spaces before exclamation points and periods.
Nice song choice
Like A BOSS
bro, you aren’t going to live past 47.5
no wonder you selected that as the age limit
That was funny.
Yeah, I read that 47.5 year quota to be here. Fuck you kids. Fuck you kids for the last 8.5 years actually.
MAXIMUM BOOM BOOM!
Holy shit I love this stuff !
I’m not even gonna try that in my paper trading account!
Hahahaha BOSS!
That’s some wild trading. Bravo.
One word AWESOME !!!! (from ward 6)
Ha. Not bad. Four words.
You already know what they are.
Hello Fly. Goldman Sachs wants to hire me at triple your salary to write some algorithms. I will stay with iBC if these conditions are met.
One, I get invited to the annual iBC meetings and can hang with Woodshedder and the guys at the weirdo East Village bars.
Two, I no longer have to draw your charts of the cock and balls formation.
Three, you don’t talk bad about Homosexual operas. It is big business in Minnesota.
Back to my dinner of Swedish meatballs and lutefisk as I await your answer.
LOL. This may be your best yet, TC.
Seriously, Jeremy lives w. Chuck Bennet now.
He’s good.
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Nah, he moved back to Minn. We do hang out though. iBC has perks GS could never offer. Care to hazard any guesses?
I do like your style
I remember when you used to say that you hated options – oh, I also remember when you said you would never trade 3X ETF’s anymore too 😛
senior fly doesn’t believe in options nor leveraged ETFs, nor does he trade in and out of ekities like so many pairs of socks.
senior fly is an investor.
nice win fly, congrats… and here i thought i had a bid dick with my 15K win today in the cocaine crude rally.
Well done!
Estes Park, CO if ya’ll want to see the Shining Hotel.
Not bad.
In “iBC: The Movie,” Alf will be played by Zach Galifinakis.
No, Alf will be played by Paul Giamatti.
____________
Did I say Zach Galifinakis?
I meant Whoopie Goldberg.
I get them confused.
But that’s only if PeeWee Herman is unavailable.
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Russell Crowe will play me … you pathetic lil cretin !!!
.
Settle…
______
DOWN!!!
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a*s*s
_______
CLOWN!!!
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ur gonna b
FAMOUS!!!
Holy Piss. Bravo Senor Tropicana.
Listen up, boys and girls, trannies and undecided, this is a factoid! Studies show a direct correlation between the incidence of prostate cancer and the measured distance between the male scrotum and the anus. I do not dispute this! But, I am anxious to find the same statistical correlation for people affected with the same sick fucking narcissistic posting syndrome exhibited by what’s his name. Alf3030.
Senior, you do remind me very much of the real life version of that character Tom Cruise played in Tropic Thunder….
thats a brilliant comment
Senor — I trust 3 dashes are acceptable. When will you leave for the W Coast of Canukistan? I ask as I sit on my balcony deep in the heart of Canukistani wine country – (1) dash only, and I have some wine selections for you — back to (3) dashes, this is not advice of any kind mind you. Although I must add — back to (3) dashes, can’t anybody hit a freaking drag queen draw anymore. Just watched 3 consecutive monkey dick groups who either aimed right and blocked tee shots into the water in front of my deck or came over the top with smothered pull-hooks that damn near landed in my evening Pinot. I’ve a good mind to pull out my Wilson Staff ’74 freaking ONE iron and show these dips shits what a soft draw looks like. The Stoneboat Pinot is extraordinary.
Mut
You’re a good writer. Well done
Political debates are never very interesting, but this republican debate is almost totally bereft of ideas…
– “I’m the best job creator!”
– “I will destroy Obama-care!”
– “We need to make the White House White again!”
surreal…
One question Huggie, did you vote for Obama?
If so, shut the fuck up.
Voting for Obama doesn’t rescind my right to criticize politicians cheesymcwheezy….don’t be so sensitive.
These people are nearly all jackasses, and sadly anyone who isn’t a jackass isn’t likely to get much traction anyway.
Huggie,
And your vote for the great black hope was based on what?
http://www.youtube.com/watch?v=ghSJsEVf0pU&feature=related
LMAO at that O-BA_MA clip.
No, it doesn’t rescind your right to criticize but it does show that you are pretty biased and therefore your statements are less than objective.
For example Huggie writes: “These people are nearly all jackasses.” Not really that objective. It is however a good example of an ad hominem attack, which is very similar to the way a 5 year old would debate, by calling the other person a name. What it does not do, is validate an argument.
I would advise that you debate the issues instead.
Holy shit… Goebbels would’ve been proud of that one.
_____________
I hope your vote for the Obes assuaged your white guilt, Hugs.
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Right there with you Senior. I went 90% full retard all in 90% on TNA yesterday and am enjoying 10%+ gains. In addition, I bought SPY calls early today of $25K expiring Friday. You probably had this issue but T+3 vs T+1 really impacts timing on the calls vs etf/stock.
Between the jobs speech and Friday’s $3 billion dollar POMO pop, we should have more upside although emotions might not hold it through the weekend. If there are no event risk incidents we may have some positive follow through next week but I’ll wait for overbought.
Looking to sell long calls tomorrow or early Friday and then AGQ/DGP should be good longs soon until opex week now that the Franc will be capped. Once we are past the significant emotional date, we should probably see TBT come alive (will look at calls on TBT next week or puts on TLT although M.E. tension might keep TLT up).
With gold and francs down the intended message is treasuries are your safe haven and deflation is the main concern. The concern is that the $ strengthens, although that will provide B.B. with cover for QE options. B.B. speaks tomorrow from Minnesota at 1:30 another opportunity for QE3?
You bought weeklies and held them overnight? You better hope and pray the market rips.
Expiration 9/17
very ballsy… I prefer selling weeklies. Every Friday is a payday.
Does Zecco offer the weekly options and if not who do you use that does? Thanks
LOL
the chuckle and the bathroom urinal shadow was hilarious…
happy options hunting
excellent winship. That is what it is all about.
Educational and impressive, Fly. Thanks!
Great read, awesome options trades, amazing humor, need I say more?
Fucking A
That is sick !!!! Boy Plunger !!!!
Fly- Do you post your Big-dick Rick Ross account moves in the PPT?
“this is my GORILLA, RICK ROSS, COCAINE trading account”
love that. love options. nice 10up sir
How retarded are the random numbers going to be 10k, 20k, 100k? Round figures, eh?
hey Fly, you were talking about age, is 17 old enough??
Do you ever throw $10K or so into an options account and lose it all?
This week is almost over and us Bears will be back with the big ugly. Tomorrow, all the Who Boys and Who Girls will wake up saying where are my Toys? Then the Big Ugly BoE will say no QE for you with a huff, then Jean Claude will say we are not hawks with a puff…then the grandest show of them all, the Clam will say boo hoo, boo hoo..let congress take care of you..ala Dr. Suess..lol, the things that amuse me.
Getting better. You are saying something, not just data points.
Fly
Not to be a douche but why only talk about this account when it’s back up?
You are a great trader but your “transparency” is a joke after seeing posts like this.
We all get our ass handed to us in leveraged accounts so I think you should admit “losership” instead “winship” all of the time when it happens.
You always claim “transparency” and this post makes you look bad.
No offense. I do believe you are honest in your managed accounts.
Fess up when you got your ass handed to you dude. Happens to all of us.
Read it again. Third paragraph.
Epic Sir Fly.
Ummmm…..It’s funny but far from epic given his mantra of honesty:
“That’s the market and there is never a reason to whine about losership”
If you are going to be straight up with people tell the truth on whatever you do.
The Fly has always preached this and he is a sell out if he doesn’t admit what he does,
The Fly has every right to do what he wants but he should keep his private accounts to himself good or bad if he fails to disclose his results accurately.
I say this as a fan only. I totally respect his trading intuition.
I have a modest 40k or so, and am not willing to “play” with the whole amount. I use dollar-cost-averaging and a quarterly portfolio rebalance.
But, I’m interested in joining the PPT to use its market overbought and oversold readings with a measly 5k or so. Based on its performance, do you think trading SPY or some other index based on PPT overbought and oversold signals would be worth trying? Thanks!
You should trademark the term “heart attack trading” and fucking put out some spammy email partnership ads out and sell the fuck out of some bs cours. For the commoners that tells them vague shit like “you’ll have to get a fucking time machine but once you have consulted with the said time machine, leverage up as if you are fucked up on Rick Ross cocaine shit.” Or just write a fucking journal “day one: I consulted with the porclin gods after a rough night Put on burlap sandles and picked up ammo to throw at my trader servant” Rick Ross game was on. Day two I was feelin the edge so I put my brass balls on a silver platter exposing themto the world and putting them on the line, today I would out faz the faz mobile and get some TNA or some shit. Day 3: fuck you don’t talk to me my ass hurts and my balls are somewhere rolling on the floor. I shall find them again soon, triple down and live among gods Day 4: samsonite died of a heart attack today after he got drunk claiming victory last night not realizing that the marker would cut off his sack and reward me. Won everything back so it was back to caviar and fine wine day 5: i am 4 more days like this one away from owning the entire fucking stock market. Day 6 I own 90% of the market now. Day 5 fuck you, i just gave 1B back in commissions trading with myself and the remaining 10% of the market sent me a nuclear bomb. 3 more days like today and i will owe the entire stock market another stock market.
lol I thought I traded like a lunatic and then I read this and feel like I have no balls. WTF! The Cocain cowboy just lassoed a fucking bull to eat for breakfast.
Dear fly. You are such a lucky cocksucker. If I traded like you my girlfriend wouldn’t have dumped me on account of being a cheap ass. Now my ass hurts daily from people like you gangraping me in the markets so I don’t get laid anymore, just raped.
Fuck you very much,
sincerely,
sampsonite.
P.s I want to send you a journal entry someday for you to post to the ibc crowd on a regular basis like my period (now that I have officially become the markets bitch.)
5:08 a.m. and been at it for a little
over an hour .
Global markets are rocket fueled…..
get an improved weekly employment report
and we will have lift off .
well played, playa
I use iCoke as it is guaranteed healthy
http://www.youtube.com/watch?v=-j-DGrWry6k
ESU11 supports for today
1193.00-1192.00
1185.25-1184.50
1177.00-1176.25
1168.50-1169.50
Rollover Day for those who like to rollover 🙂
Warry of a dollar rally that takes gold and the market down.
Now it appears the problem I was experiencing with Wood’s blog has spread to the IBC News Network. If I click on any link nothing but a small white box pops up.
So … let’s recap shall we ?
After yesterday’s additions to my SHORT position …
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I am NOW Currently :
~ 56% SHORT (via TYP)
~ 11% LONG (via FAS)
~ 33% CASH
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I’m GOLDEN !!
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YAYYyYYYYYYYY!!!!
[throws confetti, puts Rip Taylor toupe in mouth and chews like a mastiff]
http://firstread.msnbc.msn.com/_news/2011/09/07/7658608-who-do-you-think-won-the-republican-debate-at-the-reagan-library
Debate poll…
I haven’t seen this many ass lickers since I went to a queen show…wait, I’ve never seen queen, no this is as many ass lickers as I’ve ever seen, read, heard…. LULX