God damn it. “The Fly” was unable to beat the mechanized version of himself this past week, getting trounced in the market thanks to wayward emotions that led me down a stupid path to nowhere. Instead of holding onto my faggot water stock, FIZZ, and others — I opted for an emotionally charged UVXY-YANG position — because my gut told me to.
Meanwhile, in the world world not tainted by idiotic human emotions, the market did just fine — as long as you were calibrated for it. The SPY rose by 0.82% — but stocks with market caps over $50 billion traded down. As a matter of fact, there was one specific market cap grouping that outperformed all others — and it was the exact one that I was long: $1-5 billion.
Here was last week’s portfolio, which has since been amended.
Looking at that is no different from visiting a museum and admiring a wonderful oil painting by Turner — perfection. Volatility was at a minimum, yet gains stretched to exceed that of the SPY by 3x — yielding a weekly return of 1.92% on a median basis. You simply cannot beat that.
I’ll repeat.
YOU CANNOT BEAT THAT.
Seeing this, obviously, stoked feelings of rage inside of me. You know that feeling when your stomach turns and you feel like the top of your head is gonna fucking blow off? It’s hard for me to lose. It’s especially hard for me to lose against a version of myself that I cannot punch in the face.
Maybe robot Fly is simply better? He does transcend the inelegant world of fear, greed, and all of the ugly stains of humanity that make this world barely tolerable. Robot Fly does not require sustenance or water — only digits and big data in order to produce money making algorithms.
I hate robot Fly — but he’s making me money.
What next?
Well, I must strike back this coming week. My quant model reduced the TLT position to 5% and remained long the $1-5 billion market cap grouping. On a discretionary basis, I’m retarded — long COHR and YANG.
If you enjoy the content at iBankCoin, please follow us on Twitter
The Force must be with robot Fly. Let go of your feelings, Luke…, I mean Fly.
Yang is for shit.
sold it
Good
Chart of CBOE is a thing of beauty.
But it’s all moot in a taxable account, it won’t beats buy and hold SPY over the long haul after taxes.
Benny
Investing is about building wealth, but for most of us it is a quest, an aspirational journey with the promise of something MOAR.
So long as volatility remains at a minimum, you simply can beat that.
XIV is up 5% and even EXIV is up over 3% for the week on Friday’s close.