I want to be very clear with all of you, so that you understand my seriousness. I am selling all of my trading positions. I do have long term positions that will not be discussed here any longer. Reason being: I believe we are in the 2nd inning of a long, drawn out, misery for stocks. The writing is all over the wall. The lot of you are simply too sub-mental to see it for what it’s worth.
Stocks suffered a decline today. Of course they did. Don’t you see the patterns? We trade up, then right back down. Who wins? Hardly anyone, unless of course you’re purposely being tactiful in buying dips and selling rips. Lucky for me, this is precisely what I designed Exodus to do.
As of yesterday, I pared down all of my positions and all but eliminated non-systematic risk from my portfolios. I am sitting in upwards of 50% cash. Expect that number to swell in the coming days ahead. Although I am hopeful for an early January gorilla run higher, I am not counting on it. Moreover, I’d much rather buy the margin calls, than swim with the hedonistic momentum bots, hoping for things to get better.
In 2016, Le Fly will be a new man, one who eschews risk and chases kids off his lawn with his sword tipped cane. This market is a ball, a ball made from titanium with a uranium core, ready to blow the fuck up and disintegrate all relics of yesteryear’s roaring bull market.
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Welcome to the pool. The water is warm. Are we friends now?
Blue – please describe how this water warmed… ha ha!
urine and lava lamps
I went short myself after being bullish yesterday . That June top on the SPX just looks too ominous. Kind of weak that we didn’t go out on a super bullish sentiment; which is why I’m not sure if it’s that time just yet… then again maybe everyone excepts a melt up before we run into some bearish times.
The dark lord is calling. He can sense the force is strong in you; but good will prevail, as it always does.
If it’s a bear then triple leveraged ETFs, futures or DITM options will be the way to play, but futures can get really hairy really fast. If it’s a bull then options are still viable….options. lol
Agreed.. but all this and only 13% down in the SPY??
so…triple digits up is weak breadth but triple digits down is ‘the end’. okay.
I like the algo approach going forward in a drawn out chop, or worse. Buying SPY or QQQ on Hybrid OS and holding 10 days should work well even with say, a 50-75% success rate, which is lower than the 81% of 2015. Likely less commission costs for me than trying to circle jerk the mkt for 3% returns the last two years. I’ve been reduced to a market performer, which is disgusting, although apparently superstar status looking at a lot of Hedge Fund Managers. Looks like I’ll be getting back in to algo world this weekend.