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
16,985 Blog Posts

“The Fly” Wins Again

No matter how many different ways you try to pretend that you have more natural talents at trading than Le Fly — deep down you’ll know that someone like me is out there. Ergo, you might as well kill yourself.

For the balance of the day, I was reading short stories, Hemingway if you must insist. Markets closed in the red, dripping with acrimony. A truly talented trader can make money in any tape, not just on the long side. For the sake of sport, I will show you how this is done — from now until the end of the year. Consider it the ride to Krampus — the place and time when the space alien magician (SAM) on the internets made all of the money while leaving hardly any for everyone else.

Here are my positions.

short BAC -0.57%
short NVDA +0.78%

Long VERI +38%
UVXY +2.2%
RUSS +5.5%
LABD +6.1%
DRIP +10.2%
UCTT 1.2%
HMNY -4%
FIZZ +2.6%

Before I picked up my book, I added to RUSS and VERI — because I am betting on the destruction of the oil rich Russian markets and because I made a commitment to own VERI when it got back in the 20s. I’m up nearly 7 points in VERI — like the fucker just caught a takeover bid.

Indeud. You’re now in the kill zone — prepare to be murdered.

With regards to the overall market, as long as this is heading down — I’m still bearish.

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18 comments

  1. it is showtime

    DRV,SDOW,BIS,EPV,EWV,UVXY,FAZ,TZA,TECS

    Hi Ben, Hi Janet, Hi Barry, Hi Shinzo, Hi, ho

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  2. tonka

    Not gonna lie…a long time ago you talked about Cramer losing his swing and how it happens to everyone. I spent the better part of the last two years thinking it was also true here.

    I was wrong. Looks like you got your swagger back.

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  3. Dr. Fly

    Trading is like riding a bike. Truly good traders never lose the skill — it only remains dormant. I don’t know why you absolute faggots can’t understand that I stopped trading two years ago, until now.

    Work harder on reading comprehension.

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  4. badduck

    You bot VERI after it rallied 7 bucks? Golf clap.

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  5. joyous__ending

    Market likely slogs into a short term oversold sign by end of this week.
    Then the great pagan Turkey God flies onto the scene next week for a day or two of +100 days…only to be baked and fried on Thursday.

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  6. zombie

    F I G

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  7. s.k.

    Monsieur Le Fly waits for no man.

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  8. bushwacker2

    I get that Msr. Le Fly is quite the smart trader, but it’s all relative. His market operations the past three years still cannot compare to my 20X returns in bitcoin. Yes, I got lucky. But in my case, I’d rather be lucky than smart. And since I am lucky, my luck will continue.

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