They’re trying to trap you. The market always does this before taking a shit on your face. It’s run by sick people, designed to make you poor and divorced. The downside might not even be too bad– but from top to bottom, you’ll go broke if you play it the wrong way.
All you need is to be 200% leveraged at the top of the market and lose 25% on a stock to lose half of everything you have. Then you will get all desperate and shit, sell at the bottom, miss the run up, then buy into another trappy top–leveraged and down another 25%–for the grande fucking finale down to $00.00.
That’s how this shit happens. You can be the smartest fucker in the world and get wiped the fuck out. We’ve all been there, at least those who are crazy enough to trade in such a manner. Most of my clients keep their long term accounts embedded in boring stocks like IBM, KO and KMB. Since that shit is boring, I never talk about it, opting to discuss the aggrerssive portion of my strategy, because you’re all degenerate OTB guys–otherwise you wouldn’t bother surfing the web for stock tips.
You want a fucking tip, some hot stock advice? Stop listening to assholes on the internet about financial matters. First of all, 99% of the people you read online aren’t professionals. They’re self taught and for the most part winging it fucktards with 10 grand in their online Zeeco accounts. That’s not to say they can’t be great–but it’s rare. Also, can everyone please stop using war as an anecdote for investing? That’s the nerdiest shit in the world. One guy is getting his arm blown off by a grenade, the other just lost $553 in a bad WNR trade–hardly a comparative analogy.
PFFFFFFFFFF.
I don’t adhere to traditional rules. I don’t fucking like them. Stop losses at -10%, why? Sometimes a stock is best picked when down, not running higher. I said it once and I’ll say it again: investing is an art. You have to be creative and find ways to make money, some orthodox, others completely insane and risky.
It’s a crazy goat fucker market and as much as I hate it and want to stab it in the face, I will never stop trading it.
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Nailed it.
Nailed it again. Spot on as always.
“I will never stop trading it.”
Neither will I…
“You have to be creative and find ways to make money, some orthodox, others completely insane and risky.”
So true.
Well, there’s my trading in a nutshell.
SPX range under 6 points today
“crazy”
off to go shotgun a red bull
Don’t forget to slobber down a nice big corn fed steak.
Grass fed! More Omega-3’s.
you missed the joke.
see, when i provide information on diet and exercise that runs contrary to mainstream opinion but is backed by plenty of scientific evidince, “The Fly” likes to extrapolate it to hilarious conclusions.
Like because I proved there’s nothing wrong with energy drinks, Fly then goes on to say how I’m all about GMO tomatoes and chickens raised on pesticides.
Nothing like a good fallacioius argument on a Friday afternoon.
Dr Steve has spoken and proved with facts that energy sodas are fantastic for your health.
In other news, Dr Steve is working on scientific proof to show you that cigarettes are healthy too.
That worked in Sleeper, as a decent gag line.
Why not here?
Cigarettes are good for ya.
(If ya eat ’em.)
(roughage)
_______
lol. If you eat them they’re puke-age.
I smoked one cigarette in college. Worst drug experience I ever had.
“My chicken got breast so big you gone need a MACHETE UUUUHHHHG! MAMAMAM MAYBACH music” – Rick “Pilgrim Pride” Ross
Great post!
So very true about selling at the low, missing the run up, and buying at the top again, and agin. F R ( full retard)
I love the last line, my sentiments exactly.
Isnt every trader self taught? Is there a school or degree that makes someone a better trader?
Also – anyone that puts 200% of their account into one stock is insane and deserves to lose it, do people really do this shit?
Ask the Devildog who used to own a Viper and now lives in a cave in Montana.
Yeah, but his sex is cheap.
Freebie
I know many people who do it. And yes trading is self-taught, but certain tricks and short cuts can be picked up if taken from someone who actually knows what he/she is doing.
Wow! As 50 Cent might say.. “the Fly is on FIRE!”
wtf, you mean TRIN charts aren’t the holy grail???
Fly – I try to following your alerts for the aggressive portion of my portfolio which is 30-35%. But no way in hell would I ever put 30% into VHC, don’t have the balls.
it’s 30 per cent of that particular goat fuck account, not of his entire net worth. Mrs. Fly wouldn’t tolerate the latter.
I believe its 30% of the assets he manages, which is not his money.
I believe this is the best post ever.
I get that a lot.
Trading an art? Dat’s bullshit! Dat’s like saying I trade based on my gut feeling. All you need is a couple of screens, a few time-frames, live price and a couple indicators and you can teach yourself how to be artsy real quick! Doesn’t mean you gonna win all the time, so have a hard or mental stop for when the market fools with ya.
Trading is an art. Anything you say is meaningless, since you are some random fucktard named ‘buylo’ and I am THE FUCKING FLY.
you wouldn’t talk to me like dat if I was also trading on Insider information!
He would be talking to you through a phone looking at you through a glass panel.
It’s really very simple! You buy low and you sell high! Is it easy? Well, not so easy, maybe dat’s where artsy-fartsy comes into the picture.
The art-form can be improved through experience. One’s own or through others’ experience.
My first trade through this site was $SVU and I violated one of my own rules and held it through my stop, when it dropped below $2.00 on Oct 9th – glad I did because I saw the big gains to come – sold 2/3 of my position near the recent peaks and the rest is all gravy – (bit of a setback yesterday – oh, well).
Having my first “Fly Buy” go well has me convinced.
Best site I go to everyday, no question. Thanks Fly!
Off to enjoy my afternoon Earled Grey Tea in the lounge!
If trading is an Art Form….
I am Jasper Johns!
_____
You like VHC as a trade that isn’t connected to the market. Can’t the same be said of FB at this point?
I am long FB
You are going to miss the greatest santa claus rally in at least two years.
Art Form
or Ant Farm?
I look at the entitlement generation of today and I’m reminded of a quote from the Fly, from back in 2008:
The Fly-
“Seriously, Americans have morphed from hardcore cigar smoking, stoned cold nazi killers to viagra popping, latte drinking stock market faggots.
We’re doomed. Don’t take my word for it. Go to your local mall and start screaming profanities, then watch everyone scatter like roaches. Then, hop in your local time machine and try that same shit in the year 1955. Ten bucks says you end up in a full body cast.”
I was born in 1974.
Prediction:
The Fly votes for Sarah Palin in 2016.
Fucking classic!
Le Fly. Have you lost your mojo?
No
The look on the faces of the leftard dogs(younger fucktards now talking heads?) when the 0 plan is questioned is epic. Total disbelief. The children are now in control of propaganda AND policy? This is amazing. How fucking stupid is the left?
Even on msnbc the children can not even explain the fiscal cliff 0 plan. The fucktards seem to think(?!?) the whole thing is already decided. Just a matter of the pubs cutting their dicks off and shipping them to the plantation.
fiscal cliff wil be signed ( compromises ) . recovery will go thorugh along with energy strategies ( i.e. gas ) . ecb (EU) will devaluate euro , so that dollar will gain strenght . all countries in a way or another will ease ( Vs use of authoritarism ) so that currency will last still some nice times ahead ( decades ) . greek is not a problem anymore .. ecb is all over it , everyone has signed for “save ghe greek and the EU” program , no turning back or default ( just useful noise for spurring volatility .. se always .. ) , euros will be printed , stability will be promoted .
Question from a naive and ignorant market rookie (me) to the denizens and sages (yous guys) of this fine and goodly site.
Everyone says that literally cubic tons of money is being printed. Yes? If so, where the bloody hell is it all going?
Who is getting it?