BEHOLD: High Shelf Management Here

When markets trade against its victims, bad feelings tend to rise to the surface. Contrary to what you may believe, I harbor no ill feelings towards the market. Just because I’m not milking it for every single cent doesn’t mean I’m “missing out.” It’s gonna be a long, long year–trust me when I say that. It makes no difference to me, whatsoever, since I know exactly what I am looking to do.

My biggest mistake in 2011 was calling the massive correction and missing it by just two days. I was about 70% cash a few days before the summer crash, loaded to the balls with TLT, but went long because the smell of crack cocaine was too tantalizing to resist. I went long names like DECK, LULU and WNR and got my balls handed to me while on vacation, losing 100’s of thousands in my personal aggressive account in short term dated call contracts. In about two weeks, I went from being +16% to -8%, only to make it all back shortly thereafter. Considering I barely made 5% last year, that was the error that trucked my year, tossing me under the axles, grinding me into dust.

Poof.

Going into 2012, I was long idiot amounts of DECK, LULU, GSVC and others. My stocks were the best performers during the first three weeks of the year, leading to a +18% start for yours truly aka “gift horse.” You don’t look a gift horse in the face without looking at its mouth. The teeth are old and this fucker is about to break a leg. If I repeated the same errors from 2011, that would be an unforgivable crime, one deserving of egregious loss of business. I am in this game to win and win big. To do so, I need to trade my tape. Understand something, only pikers find it necessary to trade all the time. I’ve been bowling on you fuckers since 2005, so don’t step to me with criticisms. I’ll knock your mustache off your face and use your teeth as fertilizer for my plants.