After starting the year like a porn star with two dicks, since then, my approach to the market has been less than enthusiastic. Being up 20% in the first six weeks of trading made me ponder about the presence of celestial beings and how the market might react to an overbearing asshole in Germany. Pardon the phrase, but at the end of the day, everything worked out swell. The original buttfuckers got their bailout and the banks avoided going out of business, thanks to the printing presses.
Germany was bluffing all along because they are tricky nazis, through and through.
Since that time, I’ve been accumulating CPST, TIF, VXX and more recently ALJ and QCOR. Due to my uncertainty and fear of losing what I made, I invested in very small increments. Even to this day, I have about 60% of my assets in money market accounts. I dribbed and drabbed into VXX and CPST, leading to a 7% deficit in the former and a -20% hole in the latter.
I sold all of my TIF for a quick 7.5% return, only because I got GRAPED in both ALJ and QCOR today, for a -8% and -6% return respectively. My bottom line is still up 17% for the year, not due to sage investing or space alien time machines, but because I behaved like a pussy when I sucked the most. I limited the carnage when I was off my game by having less skin in the game, also known as “winning while losing.”
Now we all ebb and flow and I tend to flow a lot more than others. I’ve been paralyzed to the markets irrational behavior because it is not SHOMP. This is nonsense on a wholesale level, and I say “suchness” with a perfectly adequate amount of disdain and bitterness.
The truth of the matter is, this is nothing more than a pit-stop in the big scheme of things for me. I am taking a few baby steps back, only to prepare the grounds for war where I intend to take Donkey Kong– with flaming barrels of dynamite— steps forward in the near term future.
Speaking of success, my good friend, HOWARD LINDZON, gave a great interview the other day that you should watch. Knowing Howard and his family, I can tell you he is a winner and someone who gets things done, when it comes to the internets. All of you fuckers hating on Lindzon can choke on two dicks and a nutsack.
Pardon my abhorrent language and demeanor. Let me make up for it by introducing you to art.
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tricky FIG ha ha ha
“behaving like a pussy when I sucked the most”. Masterful investing.
I will be buying VXX call options and shares of VXX and TVIX in a few months. For now, the long vol trade is dead money.
VIX under 20 is never a bad time to consider options. But the vix is weird. It’s option have implied volatility, even though the vix tracks implied volatility of the S&P. Go figure. Good luck anticipating the changing expectations of the changing expectations
youre gonna get graped,the ohlc from the cboe is in, vix is down.bend over bouuuuyyyyyy
Lindzon is pretty funny fucker, as well. Anybody who gets a television network to actually pay them for their show, rather than just have a team of salaried monkeys xerox the idea, is okay by me.
what the hell does that mean? salaried monkeys? huh?
I believe I will abstain from any sashaying comments about the music while I’m still searching for my severed head.
Good for your friend Howard. I hope he avoids any more lawsuits from that apparent con artist guy.
Thanks for the awesome video, Fly. Great music and great art. You can’t beat that with a stick.
what lawsuit was that? what con artist?
hey did anyone see a vol spike vxx, at 22.90ish
4 mil shares? is my screen wrong
ha ha ha
Fly you need to remove most of these pigeons. If you lift VIX anytime with a 16 handle in the past 5 years how have you done. Fk the haters. Guys sitting in the cheap seats can comment all they want but 20% is a massive return and smart money outlasts momentum.
“Listen, here’s the thing. If you can’t spot the sucker in the first half hour at the table, then you ARE the sucker.”
If I may be so bold as to say… the opening sentence of this blog post is a grotesque visual I did not need!
Also “boldly”, the recent ban of an (at times) irreverent poster should be reconsidered. While I didn’t always agree with or, even neccessarily enjoy everything he posted, I always considered his posts interesting and his absence is noticeable. He didn’t always mince words and for that (apparently) he is gone. I for one think it was an unjust lynching! He deserved better. IMO
Just my 2 cents.
ALF made some tasteless comments about breitbart, which was unacceptable.
Fly, he also over time made many “tasteful” comments!
If you banned everybody here for the occasional “tasteless” comment YOU wouldn’t have a fucking website! This place has made it’s reputation on being in your face, raw, irreverent and, “tasteless.”
I dare say that IF you were but a poster here you would have been banned YOURSELF for “tasteless comments” (practically on a daily basis)!!! And by the way, go back and look at the threads where he made comments that you take issue with (that led to his public lynching) and you will clearly see that by virtue of “thumbs”…most posters agreed with (or, at least supported) his posts.
What you handed down was unfair. IMO
BUT, you hold all the cards.
Sky
Not treu at all.
I’ve built this site through the curation of thousands. To date, I’ve officially banned over 700 readers from accessing iBankCoin and over 1,000 from commenting.
This is not a place to speak ill of the dead. I will not have it, unless of course we are discussing terrorists and people of that ilk.
Lastly, I like to think of iBankcoin as a place of honour and integrity. Alf lacked both.
I have (as a lurker for “a long fucking time”) NEVER seen him EVER disrespect YOU! He (to my knowledge) NEVER was disrespectful of one of your TRADES!
YOU … YOUR “bloggers” … have recently (JakeGint not withstanding) taken this website down a “dark political path” that is to many…disturbing. That some would speak out should not be surprising.
But, for YOU to then BAN THEM FOR SPEAKING OUT IS DISGRACEFUL!!! IMO
What exactly is this site becoming?
A stock site?
A political site?
A conspiracy site?
A racist site?
Getting harder and harder to tell for this reader.
Hi alf:)
ha!!…poof poof..or whatever
I agree with most of your points Skyfish ( or Alf44). IMO, Alf took more shit than he handed out, and in fact seemed to be picked on at times without provocation. I didn’t read the posts that earned Alf’s banning, but I can say that I have read some rather sickening racist stuff by other posters, that resulted in a banning that didn’t last more than a few hours. I don’t read this blog for financial advice, I read it because it is FUNNNY. I enjoy the banter between the cast of characters in the community of posters, especially the more colorful ones, like Alf.
This is your parlour,Fly, and of course it is your prerogative to ask guests to leave, but I for one will miss Alf.
Anyone who would create a fake identity and then use it to speak about themselves in the third person is completely insane.
Define insane
Anyone that uses three explanation points!!!
precisely!
I would call it a clever way to circumvent a banning in order to plead his case; hardly insane.( If, in fact Skyfish is Alf in disguise)
Good thing my post about Matt Simmons’ death is long gone.
Yikes.
Fly,
After getting home after another fantastic meal watching the sun set in sunny San Diego drinking the finest wines La Jolla has to offer I have a question for you. I am a vol trader by profession….. if you are primarily sitting in cash right now why do you bother with VXX. Shouldn’t you be buying straddles on S&P futures and delta hedging daily? It seems like a more efficient strategy if you are interested in vega and gamma. Just a thought….. as always appreciate your thoughts.
Fly is only interested in Theta
could I just say BEASTED?
http://www.youtube.com/watch?v=-OO9LloDSJo
FLY is god
If you need to qualify your thinking and remarks, how in the world do you make decisions getting you wine baron status La Jollies?
Delta Neutral Option Strategies are a fantasy that only “pretend” traders can afford! You sound like a “pretend” trader! Put down “Natenberg”… Put down McMillan…Put down Eng.
Theory is fun reading. “Trading” is Real Life!
Now, go have another beer!
Delta neutral works every now and then but I don’t do it with an individual security. One might be net long delta if he or she is bullish and as market gets overbought start to peel back and buy some puts to hedge the delta and eventually even be net bearish. At a given time you might be delta neutral.
I don’t do straddles. But I hear of some people that do it leading up until a day before earnings when they sell to get implied volatility spike.
but sykes defense is so much better
Sykes is a walking infomercial. It’s so lame. He is the antithesis of cool
The impressionist slideshow was great. Reminds me of my trip through NY Metropolitan Museum of Art last spring.
anyone here ever take the Sykes “challenge”?…we’re talking about penny stocks…$1000 should prove he’s either full of shit or has the shit
“After starting the year like a porn star with two dicks, since then, my approach to the market has been less than enthusiastic. “
You mean one born with 2 dicks able to have sex with multiple women, I believe… not a man or woman porn star with 2 dicks in her face?
Do all comments await moderation, or just those of certain people (like furreners)?
Just curious…
Hmmmmm….. that one was instant. Perhaps only certain threads; pertaining to Alf mayhaps?
fly ….. or anybody….what’s the latest on the deal with the weird options that happened before the news on the GMCR SBUX hit when the market closed? Najarian on Fast Money said the SEC would be looking into it…he said it looked nefarious and that somebody knew something
Najarian on Fast Money said the SEC would be looking into it
Lolz… that’s a good one. I’ll give you three guesses what comes out of this and the first two guesses don’t count.
Would you be nice enough to explain why some posts are under “The Fly” and others “Dr Fly”?
What ya gonna do with that QCOR, Fly? I got in it around 39.15. I’m up about the same as you in the new year and feel QCOR stuck me in the poop chute. I’ve been moving cash into BBN for the 7% monthly div.