Why not just buy TZA, kick up your feet, and throw a few logs on the fire?
I hate the word “market” now. I don’t even want to write about stocks anymore; that’s how sick this tape makes me. Just do the opposite. When the market opens down, buy stocks. When it reverses up, start shorting. Keep doing this until you become the world’s richest man, then come back here to pay me homage, kiss the coin.
Do you see how the market is looking real shitty now and how it looks like a dunkshot for some downside spiraling action lower? Yeah, well the opposite will probably happen. We’ll dip to China, then spin around and kick higher.
Ah, as I just finished typing that sentence the market went from -13 to +1.
FUCK MY LIFE.
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I hear you! Exponentially Nerve wracking! Grrrrr….
Chill. You’re making this harder than it has to be.
LISTEN TO ME: Shut up
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“I hate the word “market” now. I don’t even want to write about stocks anymore”
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Fly, did you see my Habit post in the previous thread ?
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… apparently the addictive adrenaline rush you git from “trading stocks” is more appealing than being a “hamburglar restaurateur” !
😉
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Please enlighten us, oh wise one.
that was directed at Banjoman, btw. 🙂
Stop trying to time the market. It’s a fools game, as evidenced by the frustration on this blog. Buy some good companies, hold them. Make profit. Repeat. Too much volatility to try and trade in and out every day. Try it, you may like it.
That works until you get a PE regression to the tune of 50% via a rabid Black Swan entering your portfolio while fast asleep.
I can’t control black swans so I don’t worry about them. If you’re so worried about black swans, you should be in cash.
what I recommend is some sort of stocks and bond mix, but by using options \, which limits your downside on either part of the trade.
I’m using the simple 40/60 TMF SPXL strategy with deep in the money leaps on both.
Worst idea yet. Quality stocks and bonds are both near 52 wk highs. This means they could both go down over time, leaving you with nothing. You don’t even collect any dividends. Come on man
As Leo Szilard, the physicist who patented uranium fission, said after fleeing Nazi Germany a day before the border was closed, “It is not necessary to be any smarter than everybody else, just one day earlier.”
one picosecond ..in HFT world
This blog rocks! It’s entertaining per the disclaimer at the bottom and based on live market conditions. If you want actionable ideas, screens, etc and to take the emotion out, go buy index funds or subscribe to the PPT. I love reading what Fly’s got to say day by day on this “market.”
Hi Fly,
Aside from becoming harder to kill, what are you doing today to prepare for the zombie apocalypse of tomorrow year?
Thanks in advance.
Notice how many traders are edging towards the Costanza trade? That is the best indicator of something big happening soon. Naturally the move will fuck the most people so just do the opposite of the opposite of most people.
Fly ,please don’t change a thing .I’m up
half a point.
Nature Boy! Whoooooooaaaa!
Wah.
I dread the sarcasm in your tone, Fly, as the strategy you have laid out is effectively exactly what I am doing right now. $TZA!!
My book was all over the place today…thin volumes algo bonanza…
Momentum is dead. You must be a contrarian to make money
yea 2014 tech + energy crashes mostly killed that off . you have to be really nimble in this market. Healthcare, reits, utilities, consumer staples, and transports will continue to lead, imho.
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It is during turbulent times like this that I often harken back (frequently) to the sage advice from three of the great Market Mavens of our generation …
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“Don’t confuse brains with a Bull Market” !
~ Humphrey B. Neill ~
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“It’s not how right or how wrong you are that matters … but how much $$$ you make when you’re right and how much $$$ you don’t lose when you’re wrong”!
~ George Soros ~
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“Everyone has a plan until they get punched in the mouth” !
~ Mike Tyson ~
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“When the profits pile up in the latter stages of a bull market, it’s easy to think your superb analytical skills are responsible. But the experienced investor knows the danger of hubris. He knows to give the bull market most of the credit … and he remembers that when the bull turns to bear, and 95% of stocks turn down, cash will be more valuable than all his brainpower.”
~Humphery B. Neill~
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Why not just make everything propaganda? Deflated footballs or Hacked everything that will end the world of freedumbs like a movie or Facefuck bad guys that fucking tweet it. Absurdity by design. So go all in on stocks everyday because everyone knows they only fall because some absurd event makes them stumble on the way to infinity.