What the fuck was that? Serious, I want you fuckers to explain it to me, since I am obviously anomalous with stupid. What the fuck was that all about? We were looking real fucking good in the morning, THEN BAM!, the cocksuckers closed the window (no opportunity) on my piano fingers. My hands looked crippled, like Kaiser Soze and shit.
Ooh, then in the late afternoon, the market started to dive. It looked really bad and my friend started selling short; THEN BAM!, the fucking window collapsed on his neck.
There are no winners, other than the people who make psychotropics. I am not kidding you when I say “this shit is killing me.” It’s a process; but it’s happening slowly but surely. I can’t remember the last time when I slept more than 3 hours during the week. I sit up and watch the faces on the teevee. Then I read stuff, written by imbeciles. Then, I try to condense my thoughts into bloggeries, only to have my predictions get smashed to pieces by gorillas, stoned to fuck, on cocaine.
My office is a wreck, strewn with papers and graphs, research and mortgage documents–mad as hell scientist style. People call me on the phone and I pick up to say “fuck off”, then hang up. It’s the lifestyle of a psychotic. Don’t you get it? They are trying to kill off the people who know what they are doing (no Howard Hughes)!
There is only so much of this I can take. I am down to 6% cash, fully long in jerky stocks like YELP. How did my life come to this?
For the day, I was only raped for 1.1% of my coin, thanks in large part to the late day paint tape by YELPERS.
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4t pension fund short fall, jpm..
Shit’s Fucked! Buy EUO
That’s my jam – Jan 13 calls way OTM
Great song. Now understand this pal, you’ll be fine. Nothing a few sandwiches and a little symphony 7 can’t fix.
I concur, great tune selection this evening.
Unbefuckinlievable.
Right now I’m just playing the indexes on the 5 min chart. Hard stop lose and hard profit targets.
I closed my short on SSO right before the close beacuse the action didn’t feel right. Better to take 2.5% than deal with whatever wierd shit happnes overnight,
This market reminding me a lot of last years whipsaws – which have to be played in a micro time frames
Or you can sit it out and not play for now. Just a thought.
I actually did OK with it last year too – playing the 60 min pivot R & S lines with the 5 min chart – primarily with shorting SSO & SDS.
I have the most problem with the longer term shit in the IRA that I hold and forget about
I missed that on YELP. Just bought ANR lol
this market is like a torture-chamber in a dungeon – great if you like getting whipped and sawed…
Fly why not sell and reevaluate when the chopfest resolves, in either direction?
I am no quitter.
Does this chopfest look like it will resolve with a whimper or a faceripper rally?
Fly is “all in” for a reason… bulls know the risk, but the bears have to answer this question:
Do you think US markets, along with the British, French, German and BRIC markets will self-destruct at the whims of a few Mediterranean resorts in an election year?
Hanging up a phone “pissed off” just isn’t the same any more….
You rolled me out into the town square yesterday. What did you expect?
The fact that you can write so well despite your schedule and responsibilities continues to amaze. I think your stuff is best when you are riding a bear market down but I’ll cross my fingers that the market will soon be your bitch again no matter which way it goes (preferably not fucking sideways!!!).
Congrats as always
CPST…
So did CPST beat earnings today?
LD is that you? Don’t tell anyone but blue horseshow loves CPST…
They don’t release til tomorrow
Where’s my brah Merlin at?
That 1000 point DOW CALL was the jinx to it all. Best not spike your ball before your in the end zone right?
I was never serious about that. I blogged about it too.
Pretty much describes my situation..i’ve never felt so without hope. I know in the depths of my soul that this is going to end very badly, and yet i hang on. I am looking for closure.
I look at this current market as another learning experience. Summertime chop fest euro craziness.
It can drive a man mad!
Why is anyone surprised? Aren’t we still in the midst of a massive world-wide financial system failure? Isn’t that what is happening right before our eyes? I feel that at some point The Fed is no longer going to matter, we may already be there. Here comes a revisit of 2008/09
I am all in cash. I agree that a market like this can make a person psychotic.
I have no idea what the market will do. But this guy here is interesting about the Euro mess. Of course the Euro Zone being a basket case does not mean that the U.S. will be one. We could be the safe haven place that people run to in their flight to quality.
http://www.youtube.com/watch?feature=player_embedded&v=TN_1mF-3JTI
I dont think the market ever got good today… we barely went green.
But you have to admitt this is defenitly more then just a regular pullback …. Maybe medium term bearish after a bounce…
Thank you Alex
I will take Market Manipulation for $500000
The answer is….
Quadruple Witching options expiration this Friday
Ding….
What is…why am I getting the shit kicked out of me on my long positions today when they looked so nice all day until near the close?
Correct…you have the lead.
Thank you Alex.
Alot of round numbers at the lows. CAT 85 as an example. Before the last minute bump.
Is the bitch in your pic pregnant? She looks mental!
My father worked with aguy who once worked for Howard Hughes. The guy said his pay was be placed in the knot of a particular tree each week.
Who needs fiction?
I got a little WFR. That’s my kind of trade.
Oh, to answer your question, Fly, WTF was that– It was psychotic market behavior. As you suspected, the banks must have merged with one of those drug companies that make psychotropic drugs. And now the market is being manipulated for the purpose of selling these drugs to everyone who trades the markets. The drug and investment banking corporations will be the wealthiest companies in the world.
U may not be a quitter but life is gonna force u to quit early (no living) if u keep living how u described in this post. Remember whats important
True, ‘dat. Please use whatever ways work for you, to release and reduce your stress, Fly. We want to keep you in this world here with us, writing your highly entertaining blog posts.
Try reading something not related to the market; perhaps Tolstoy. Tune out the noise, le fly. You will have your vindication and I’m sure you know that.
To hell with all the myopic figure heads, whether here on the teevee or abroad in Europe. Get some Brooklyn Local #1 or their Sorachi Ace and relax. Spend some time with your family and enjoy what the market can never take away. I’d be willing to wager that a night off from the noise is the best preparation you can do for tomorrow. But shit, what do I know?
Best of luck to you, fly.
I never read finance books, just classics.
Reading Bleak House now.
I would expect nothing left, to be honest. Quality choice but I remember it taking me many moons to get through. I have a hard time distinguishing between it and a Tale of Two Cities as my favorite work of Dickens. Read some Bleak House tonight and forget about the research and mortgage dross.
I’m convinced yoga can add at least 10 years to your life. In your case it may just offset the ten you might lose to sleep deprivation.
i like yoga, but why do they put all the fruit on the bottom
Yoga also teaches the way of the force, even after Yoga is dead.
lol
People stilL made money today by the way . People that aren’t long only
ZANIX.
I believe it’s spelled
XANAX.
Ahhh summer.
day trader’s market…. great TNA/TZA setups & scalping trades to be made… but swinging? hikes….
thats good omen…
For you folks who have the will to believe that the owner of this site would: a) hire a slew of other bloggers, b) who predominantly use charts to guide their trading, and c) who have been largely sitting out this chopfest for the past few weeks.
And yet despite these “expert chartists” who indeed are VERY good at their craft, and who he employs, and for which he charges a fee to get inside a paid service; d) then proceed to eschew charts as utter nonsense, and ultimately e) go against them.
And in doing so then trade from the long side throwing caution to the wind like a tyro trader.
Well then, you have mastered the “will to believe”. It is but a charade and a show with colorful words thrown in to entertain the bystanders.
And a good one at that.
BANNED!
There is more than one way to win.
BATH SALTS
well said. perfect! cracks me the F up.
Fly, no shit. This market is gayer than little richard. I am long nzd/usd but other than i have been entering the odd trade for 3 months now only to see it chop around and I close it. So lame. Really really tired of this shit. Should have stayed in cash for last few months but god that is hard to do.
looks like this is still going to take a few days before i might get back in….
just so you know its all about the winmanship…
i sleep well
In keeping with the insanity of the market, find and read “Ubik” by Phillip K. Dick. It’s without a doubt the strangest novel I’ve ever read. It will take your mind somewhere far from the market.
Dr,
I agree, it is very difficult market and so choppy.
Greek elections this weekend, so everyone is jittery…
Hope it changes soon.
Ok I’m back homos
Fly, I would get off the fundamentals while your trading now. All of that info and input flys out the window in a volatile time like this. Whether an underlying asset is healthy or not, it doesn’t matter. The market decides the demand and price. The trend is your friend during this time. Get off those fucking graphs, they don’t count for shit. Everything right now is essentially playing along the lines of pump and dumps due to rallies and squeezes. I would stick to a very undervalued blue chip that is bound to rebound towards the end of this lunacy/summer, you can lock in a good 10% at the minimum that way.
As a prominent hedge fund manager, you should heed my advice.
“Fuck you pussy”
-Anne Coulter
I am plastered.
Good night.
With TVIX it’s homeless bitch
@MOOBER…BATH SALTS
Shoo, I must be plastered too
bullish is right about yoga, i guy ive talked to before told me great things about this, it can be life changing. (no joke)
Just finished class. Definitely life changing. Namastay.
Not to mention the 1/20 ratio male/female.
You need to position your mat in the back of the room for the best view.
Dude– I see ya working
Man … perhaps my memory is short. Perhaps time has faded my perception. But I am pretty firmly convinced that the volatility of 2008-2009 was not this difficult to trade.
That time period was pretty straight forward. If memory serves, I had a 43% year.
We’re trading inside a Dali market. Seriously. Improving fundie’s here in the States (Excepting todays PPI and Retail Sales which the market shrugged off rather quickly) and the market focuses in on that for about 4 bars on an intraday and things start to make sens …
OH MY GOD, MUNI’S IN SPAIN HAVE 3,000 YEARS OF DEBT AND THE WORLD IS COMING TO AN END !!!!
No it’s not …
What’s the PPI again? QE3? 69,000 added jobs is considered disasterous because the politicians want to make their statement and slant …
It’s surreal. Most difficult trading environment I can remember in 16 years …
Improving fundies here in the States? Which states are you referring to?
Improving Auto Sales as Comparitive in Recessions:
http://getfile1.posterous.com/getfile/files.posterous.com/mbusigin/tm6ciL0TkxxOJ1cFEJlH9OLVa3yKvjwnPD2JQYtDOVDkJhbmEAzgS8OY27j4/hdjfhgfj.png
IN and Out ( + and – ) Transfer Payments from Recession to Recovery: http://getfile2.posterous.com/getfile/files.posterous.com/mbusigin/EtOTnPbUUMyocGh6aX7M14y32mXWIiPRuNvTsIn2BbSXhd6tGGd8Ocs4pRHs/iaagdibh.png
Manufacturing Orders, Volatility Presages, Jobless Numbers as opposed to Unemployment, Core Durable Goods, the list goes on and on and on.
Unfortunately, the increasing productivity numbers are the largest handicap to the recovery picking up more steam than it has
Current sales of new homes are at their highest level of the recovery
http://bloomberg.econoday.com/byshoweventfull.asp?fid=451327&cust=bloomberg-us&year=2012&lid=0#top
Reality is as the auction chooses to focus.
interesting that Euro was up today as well as yesterday, but SnP disconnected…. pure fuckery….
Patridges are appetizers.
Spain downgraded. Wall Street got hint around 2 pm.
You fuckers are entertaining but fucking crazy. Why not just chill and wait. You will never guess this market or keep those gains you made 2 days ago. I own appl. And a low cost low beta fund. I’m up nice those year. I can sleep, fuck and not stroke out each day at 4pm.
Only pussies wait.
patience and cost averaging down require the same skill set …waiting
That’s your choice. I will wait until another low then buy. Patience is a skill. I’m not worried about next week or month. Fuck it, QE3 I win, Greece takes a shit on us. I buy I win. The only thing I time is my jizz shots on the pornstars in my fucking penthouse.
How do you know this is not a low? How do you know 200 points lower definitely is? And then 500 points lower?
Be honest. “Low” is an arbitrary term with no definition and no predictability.
You answered your own question. I’m not going to explain how I buy or any of that shit because fuck that. But just what you said. Drop buy a little . Drop a lot buy a little.. As far as stocks you have price levels set ahead of time. That was my point of this post fucker. You will never get the bottom…………,!,
Ok, that’s fair.
Don’t get me wrong fly. I just don’t trade. I don’t think the stress is worth it in this market. Your blog is sweet. You write some great shit. Your short term commentary is great
SirFly, here is the solution (note, non-financial advice – plz no ban).
Buy this http://goo.gl/0qkGt.
Then fill with absinthe and mojito mix. Pull the 80’s Fly Mobile Limo outta the garage,Proceed to at least three fine gentleman clubs.
Advise strippers to buy silver and deduct as a business expense.
You’ll feel much better the next day.
Ok. Maybe j/k on deduct part.
I would never go to a strip club.
(The Blind Man foresees visions of growth for M. LeFly [no no no])
Fly,
Best post ever
The Dude
ok
AAPL longs will lose too. Then shorts will burn. Everyone loses this year…that is all.
About four months ago I had an epiphany. There’s no way I can win consistently in this bi-polar market which at it’s best is simply a casino. A winning streak is always offset by a losing streak despite the fact I apply the same technical principles to all trades. Big time hedge fund types I speak with are as confused as me though considerable fatter in the wallet.
I love trading but it’s a loser’s addiction right now.. at least for me. I hope not for you.
I’ve decided to bail for a while and try something new. I’m opening a restaurant on the East End of Long Island. Details will follow. I likely will have CNBC on at the bar, But house rule is no crying in the beer. It’s not a top hat thing to do. Fly.. tea and fine wine is on me.
ughh.
Talk about throwing money away. A restaurant? You are fucked.
possibly.. but at least I’m not getting screwed by some fuckin European politician or a black box in the bowels of Hoboken. My fate is in my own hands which makes for a more restful night sleep.
Nice colloquy.
If you have that consistent pizzazz, make it happen for sure.
One of my grandpaps operated many New York movie houses (across the state). Not easy, but if you have the aristocrats touch, things CAN shine (not tooting the family horn for nothing).
Good luck.
I’ll watch for it on “Diners, Drive-by’s and Dives”<—-better than watching those Dingbats pump up the price of AAPL all day long
If he gets on that show, then he’s made it.
Ahem.
“mad as hell scientist style” (No Mad_Scientist)
Nothing less*
A game