Enter Decadence

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Fuck it. I am riding into tomorrow with all of my positions intact, with exception to TNA. I sold that shit because I have a brain in my skull.

Barring some Twilight Zone type of late day trading action, I will make about 4.5% on my money today, pushing YTD gains north of 11%. I sit here, like a greedy little boy with chocolate all over my face, wanting more chocolate. I want more chocolate and I want it now!

This is where I make my year or squander it. When I say “squander,” I do not mean disastrous lightening bolts will strike my face tomorrow. But if we get a down 300 open tomorrow, my gains will be muted and my momentum staggered. But if I am right. Oh, if I am right, it’s champagne and beluga, Bordeaux and howitzer exhibitions, totally demolishing my neighbors’ homes. Fucking cannon balls on fire, piercing their fucking lawn furniture.

I should be selling today; but I want more. No one gives a fuck about your opinions, son. Take notes and get out of my way.

“The Fly” wins all the time, even when it appears he is being obliterated. Never forget those words. Ever.

 

 

Posted by on Thursday, October 6, 2011 at 3:48 pm 
Filed under Headlines· Tagged with

78 Responses to Enter Decadence

Blind Read Ant says:
October 6, 2011 at 3:54 pm

it’s champagne and beluga, Bordeaux and howitzer exhibitions, totally demolishing my neighbors’ homes.

i demand invite.

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ALLPROz says:
October 6, 2011 at 3:56 pm

Off with Brits heads!

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Blind Read Ant says:
October 6, 2011 at 5:27 pm

I wonder whether Fly would be cool knowing that certain “trollers” are violating civil rights laws on his site.

This could give rise to civil action per Seq. 1963 et. seq.?

More interesting, is why doesn’t Fly, or his corporation ban such discrimination?

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ALLPROz says:
October 6, 2011 at 8:43 pm

Seq. 1963 et. seq.-equal pay act? Are you kidding?

Man up and grow a thicker layer of skin dude.

Brits annoy me…get over it.

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Blind Read Ant says:
October 6, 2011 at 11:30 pm

One day, something terrible will happen to you or someone you care about.

That’s not a threat, that’s a curse.

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admin says:
October 6, 2011 at 11:43 pm

Gentlemen, please. iBankCoin is a site of distinction. Dress code and decorum must be observed at all times. Now, dispense with your low talk — or settle your feud as the constitution of iBankCoin demands (pistol duel).

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ALLPROz says:
October 7, 2011 at 8:44 am

Currently wrapping up the details of my Brit voodoo doll made just for you blind ant…adversity and misfortune will befall this entity…chanting…alabequa coomo dextra…done!

Voodoo doll trumps curse.

I was in favor of pistol duel at 20 paces but either way works.

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Bobby Boucher says:
October 6, 2011 at 3:56 pm

I applaud your winship, Fly (as though you need the applause). I was waiting for the $RUT Stochastics to get into the single digits and the MACD to bottom out before taking on some URTY shares and some long TNA calls with about 20% of my capital. MACD bottomed out but the Stochastics never got below 10 so that powder stayed dry. I will have to be content to; 1) make back some of the money I lost by being long URTY since $RUT 750 on 8/2 with about 40% of my capital (it’s my only position), 2) wait for an opportunity to take on some TWM shares and TZA calls and 3) be amused by the bears getting their tits ripped off. Truly, my only regret is that Alf has been banned and thus is not able to tell us how he covered his shorts at the exact intra-day low on Tuesday and went from shorter than Verne Troyer to longer than Yeow Ming (sic).

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alf44 says:
October 6, 2011 at 4:40 pm

.

… uhhh … for the record …

I was never banned !!!

I stopped postin’ voluntarily (this post notwithstanding) !!!

.

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Passinggas17 says:
October 6, 2011 at 8:39 pm

Alf-

How are you positioned going into tomorrow?

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alf44 says:
October 6, 2011 at 9:06 pm

.

“How are you positioned going into tomorrow ?”

—

I am currently (as of today’s Close) :

~ 25% SHORT (via TYP – @ $20.96)

~ 10% LONG (via FAS – @ $9.70)

~ 65% CASH

—

We shall see !!!

—

BTW … UP over +11% … this week alone (so far) !!!

:)

.

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BanAlf.com says:
October 6, 2011 at 11:40 pm

As I thought, he lost his balls in the last selloff and is sitting in cash because his Mommy told him so.

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alf44 says:
October 7, 2011 at 12:58 am

I was asked what seemed to be an honest question … and I answered it honestly !

—

Why does that evoke an attack … from a coward … hiding behind a chickenshit “alias” ???

Pretty fuckin’ sad !

.

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Trading_Nymph says:
October 6, 2011 at 4:15 pm

Cable closed RIGHT on its Gap. After Me and my US Dollar getting bitched slapped for the last three days, I going to call China and remind them that all this QE money out of England is going to mess with their inflation problems and it is past due for another rate increase..and they sooo love to announce rate hikes during their vacation period. Screw QE induced rallies…one day we will have to pay the price.

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franky says:
October 6, 2011 at 10:39 pm

do you ever close a position? are you green on the shorts or bleeding out? just wondering how you trade. tia

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Trading_Nymph says:
October 7, 2011 at 12:41 am

Franky, I hedged with gold so I am about sideways. I lost a lot being long in energy in Materials and energy in 2008. At that point I became fixated on how good companies can be sold off hard. I have been holding a short on Materials and the Euro since 2009, I added short on China in late 2009. VXX and Faz came in after i started hanging out here. I am not planning to close positions until my Copper Bubble brings copper down under 2.00…many pay huge amounts of money for the education I have been getting. Its priceless imho.

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xxxhuggiebearxxx says:
October 6, 2011 at 4:19 pm

The Age of the Fly is upon us! All hail Lord Fly, who charts a path so near the Sun that he is in a perpetual state of medium-rare!

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Chaturanaga says:
October 6, 2011 at 4:40 pm

ALL HAIL FLY. THE MASTER ARTIST OF BS. A PROFESSIONAL WRITER. NOT A TRADER. RATHER A ‘FADER’ – FAKE TRADER. VERIFY YOUR TRADES, ‘SON’.

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The Fly says:
October 6, 2011 at 6:45 pm

Banned and verifiable, son.

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inandout says:
October 6, 2011 at 8:54 pm

For swing trading with a long bias for the most part this year, the Fly has done pretty good in my book. Even fluctuating from -3% to +3% was a good performance, and then a nice “announced” gutsy move going for the win at the lows btw.

I think he posts all his trades in the PPT real time ,and I’m sure if he lied about them a lot of former members would be writing about it constantly.

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ruggyup says:
October 6, 2011 at 4:55 pm

This Chatyeranhinga poster carries the aroma of an elite school eating club drop out, bitter because he can’t text in the middle of Occupy Wall Street insurgency.

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Joe says:
October 6, 2011 at 7:47 pm

Why is everyone is a fucking hater?!

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The Fly says:
October 6, 2011 at 8:27 pm

I know right?

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Tisker says:
October 6, 2011 at 10:08 pm

I only discovered iBankcoin, The Fly, and the crew a month or so back. More or less this is a Masters course, on banking coin…. I tend to be overly conservative often to my detramint – and while I don’t have the nuts to take it to the edge like Fly, it’s good to witness and push me a bit.

It _ burns _ being under invested here.

MORE POWER TO YOU – EPIC!

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JewishMantis says:
October 6, 2011 at 9:02 pm

Señor Fly,

I just want to say that you WILL and DESERVE to make BANK tomorrow because of your ample testicular fortitude and awesome transparency.

In the mean time Im gonna take a deep breath and wait 3 more weeks until I can join PPT (again) and the trading room and Bank some REAL COIN.

Thanks

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Aristotle says:
October 6, 2011 at 9:49 pm

I just want to say that you WILL and DESERVE to make BANK tomorrow because of your ample testicular fortitude

talking about Fly’s ample testicle’s is very homo!

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i-live says:
October 6, 2011 at 10:25 pm

I had a dream…

Everyone was excited about the apple conference because they hyped it up more than ever, and at the apple presentation they started showing all the “ipod, iphone, Ipad,etc” and all of a sudden you hear the mac start up noise and see a white screen say “I-live” and Steve Jobs popped up on the video screen and said “Hi guys! I’m still here! Miss me yet?” and then there were massive amounts of strokes, heart attacks and spontaneous nerdgasms.

We weren’t sure if he faked cancer and/or his death and would announce a cure, or if they found a way to bring him back to life, if apple had recreated him, or used his previous videos to regenerate a video screen that can behave as if he was alive or what, but I woke up before I found out!

I-Live!

Too bad it was all a dream…
or was it?

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JDS says:
October 6, 2011 at 11:10 pm

Many haters. This site is great. The Fly is funny as hell and if you don’t believe his trades, go somewhere else. Would rather be long than short going into tomorrow. I unloaded this afternoon so I can sleep well for once. No point in wrecking a killer 6 weeks of gains. Time to swill and kill.

Reply

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