I do not ban people because I am bored or annoyed by what people say. I ban people because they disgust me and I like to take away whatever freedoms available to them, within my control. If you are reading this and unable to comment, that means you’ve received a level 2 banning. If you are unable to access the site without using a proxy, you have a level 1 ban, which means you’ve committed the equivalent of “high treason” around these parts and should be executed.
Because I cannot arrest you and carry out this punishment, you’re banned from accessing the site, a good deal, very lenient, with all things considered.
If it pleases you to know, I’ve taken a wrecking ball to myself once again, as is tradition here on an annual basis. It should also please you that each time I’ve done this, I actually predicted the market decline, effectively ignoring my own warnings.
My losses in AG were of the egregious sort, punishing my year to date returns down to a pedestrian 13%. After selling AG, my cash is now upwards of 50%, with another 20% in HDGE. I am in a very “safe place” now, but not in a position to make my money back. I’d have to allocate funds to do that, something I am afraid to do.
As fate would have it, I have a really good tip from The Devil regarding a certain stock that “looks good” on his radar. Coming off of a mountainous win in UNXL, “The Devil” is feeling his oats, confident in his market analysis.
The problem is, the stock is a bit too illiquid for me and I cannot afford another loss. The conundrum with that, of course, is that scared money never makes money, so I’m stuck in a catch 22.
As we speak, the stock is shooting higher and I am missing out.
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you’ll get’em next time, Señores Scooter
FWIW, these IWM puts are offering some salve to my third degree burns.
But, as the old preacher man in Cold Comfort Farm said,
“There’ll be NOOOO BUTTER in HELLLLLLLLLL!!
_______
Butter IS sacred….
The Devil will have more in the future. Appreciate the honesty here, good sir. Much better than reading about Mr. “10 longs, 10 shorts” guy who constantly claims to be right about everything and never mentions the misses.
“Success is determined not so much by how many times you win, but rather how many times you get up from the floor after being flattened.”
My words. Looking at them on my office wall as I speak.
I appreciate your market insight, your candor and you honesty Herr Doktor. Those are rare commodities in your business.
Please continue the good work. We pleebs are thankful to you more than you realize.
Indeud.
I am here for last 3 years. Don’t pay attention to idiots.
Fly whats the next trade. are you thinking shorting XLF or anything else on a bounce. Wan’t to know your thoughts.
Keep up the A game sir.
Bill
I remember when you were beating yuourself up over FTK a few years ago. Since I had followed you into it, I tried not to look ;). That worked out now, didn’t it.
I know from experience, the losses that come from going against your own advice are the worst. Get away from the computer, have some drinks, you’ll be fine. There’s pikers to scalp, you know.
Have you considered purchasing an armed drone? A man of your means and taste should have several…
I own an Orbital Space Cannon (OSC)
That works.
Time for some 3X degeneracy.
Don’t pay attention to the noise… it always will be there and always will be useless.
oh and my AG target is way below 10 🙂
Dr,
short Putin with me – RUSS
not investment advise but invitation 🙂
Mister Fly – the time to wallow is not now. Now sir is the time to put your big boy boots on TRUST your instincts and get back in the game. Of course if your instincts tell you that the market is a shit infested money sucking maelstrom, then sir, heed that advice as well.
It is turkey season… nice back up plan when the market is awry.
Fly, I hope you will do some exercise, or go out and run around NYC and watch all the entertaining oddities, or whatever helps you to release tension. This market is extremely stressful.
The market sometimes sucks after tax day until October or so. In the Fall you wlll make back many times what you lost in AG.
The hardest part of trading for me is not trading– at times when I don’t have a decent read on the market. Is it like that for you too, Fly?
look at AG now 🙂
Why not take a tiny position? A tiny gain is still a gain, but maybe not worth your time.
Xco gonna crush earnings. Natty near 52 week highs.
What symbol is the Devil’s next play?
our trading desk is still getting banned since we are all on the same server as someone else at our institution….anything we can do to fix this….need to use ppt tom.
You should email Fly or Jeremy if you don’t hear back from your post here. Or leave a post in the PPT under SPY.
Long KO from Jan 3 is up ~14%
Hopefully real volatility is returning though.
Cheers.