iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
16,986 Blog Posts

MEGA CAPS ARE CRUSHING SMALL CAPS: I REMAIN LONG MEGA CAPS

I did my weekly reshuffling and I am proud to announce that I fucking massacred the SPY for the 10th week out of the past 11. My picks, which are now picked exclusively by my computer brain in Exodus, surged ahead by 1.95% for the week — led by magnanimity in NVDA and PYPL. I actually booked profits in NVDA this week, in spite of its stellar performance because the algorithms said there was something better in tech now.

It’s worth mentioning, mega cap stocks were higher by 1.5% this week and small caps only +0.37%.

In other words, if you’re buying small caps now, you’re playing yourself.

This week’s changes were minimal. I did sell out of my last piece of TLT, which means my equity exposure is now 80%. The cash is a constant — set aside for macro oversold calls.

My feelings on the market are irrelevant. This is the best thing that I’ve ever done with my money — taking out bias and emotion — letting the numbers speak for themselves. While gut instincts and intuition play an important role in investment success, more often than not it’s an impediment.

Is it not?

Look, the whole reason why I stood out of stocks heading into the election was because of an implied political risk. I assumed that if Trump got elected, markets would dive. WRONG. My thesis had worked, up until the point it didn’t. Then stubbornness and emotions took over and the rest is history.

With this quantitative method, all of my rules and disciplines are in place. I merely need to accept what my cold, emotionless, computer brain tells me and execute the trades.

Very soon, we will hook into a broker dealer and trades can be automated from the platform.

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5 comments

  1. mushroomz

    Where do I sign up. I am overweight dogecoin/rare pepe art, need to diversify

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    • Dr. Fly

      I have three RARE PEPE oil paintings hanging in my parlour. They are conversation pieces, remnants of the Alt-right Nazi party.

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  2. ferd

    Emerging markets surging ..third day ..no on talking about it.

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  3. snaketron

    Faded the megas and oh boy-the only thing that looks worse than my PA is Raul’s badly scraped face…I know Detroit is a total shithole but the guy should lay off the sauce for a while

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  4. bushwacker2

    Ooooooo yeeeaahhh!!!

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