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
23,428 Blog Posts

CRUSHED the SPY by 50bps; Happy National Shopping Day

I drank too much last night and now feel like the room is spinning around me. Nevertheless, I press on.

I kicked out my trades for the quant portfolio today. I am pleased to report it netted 1.5%, which was 50bps better than the SPY for the week.

I adjusted the portfolio and look forward to crushing the SPY again next week. This is truly the easiest way I’ve ever banked coin — but most of you want the gunslinging, which gives me a fucking heart attack twice per week.

Over on that end, the discretionary side, shit is crazy. My NVDA short is nearing my stop, HMNY is crushing higher, and all of my inverse ETFs are on the wrong side of history. I will do something next week. I’m too damned hung over to care now.

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13 comments

  1. shr1

    Fly, any thoughts on the “top” in oil you spoke of?

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  2. gappingandyapping

    Someday you will realize like I did last year for the first time in my life that alcohol is terrible for you in large amounts and that cannabis is a much more natural and healthy “drunken state” that has the wonderful luxury of zero hangover effects. Now just a little 15mg edible or vapor and a magnificent glass of Chateau Lafite is only the way to go.

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  3. joyous__ending

    Looks like Krampus stays in the Underworld and this December belongs to the Baby Jesus.
    Expect Dow 24,000, Bitcoin 9,000 before Sir Claus and Rudolph fire up the Tesla.

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  4. soupbone

    Too much sugar doubles the hangover.

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  5. DaJuice

    Highly recommend http://www.partypatch.com for those nights of above average alcohol intake. Friend just turned me on to these this week and they work amazingly well. You’re welcome.

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  6. Jahfari

    B vitamins and Taurine before you go to sleep? Seems like this would keep you up… either way I’m looking for something like this so may give it a go.

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  7. jonnybegood2

    vxx, vixy are day trades, 3 day holds at most with premium erosion even if the vix is flat. my grandmother knows that let alone someone who wants to manage people’s money. you are right/lucky or you get the fuck out quick. same for short oil, SCO, DRIP, RUSS or other leveraged bullshit. Any moron knows these are not long term holds. The fact that Fly wants to manage people’s money with these picks or is abhorrent, he is no longer fit to manage a White Castle. he chose to follow his questionable and insincere political aspirations / Aspergers, and now he gets less clicks than the greater Miami Lifecall medical alert team. perhaps Vector Vest makes his paid clients money, but it seems the only oversold signals are coming from people who actually are saying uncle because they pay for this tripe. Fly could trade with the best in his day, when he actually studied stocks, but he’s a shadow of his former self and hecneeds to shut this train wreck down, especially with OA baking hard. self publish your memoirs on amazon about the glory days for anyone gives a sh@@, otherwise hang up your rock and roll shoes. humor ms fly over dinner at the blue point grill and hire a broker to salvage what you’ve got left. the fat lady’s been singing.

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