Peak Trump on Twitter, Kudlow Spoils Rally, Pivotal Election Dead Ahead, Trump Throws China Deal Back on the Table

Listen to me now boy, you cannot buy this dip, barreling into the mid-term elections. It’s pure madness atop of stupidity.

Here’s the President, making a joke out of Iran, stealing the trademark property of HBO.

pic.twitter.com/nk2vKvHuaL

— Donald J. Trump (@realDonaldTrump) November 2, 2018

And then there was Kudlow throwing a wet towel on the possible China talks. Bear in mind, this was news that was leaked last night at 1am, the very reason for the early rally.

Wait, there’s more…

Just before I was about to publish this post, Trump gave a press conference and said he was close to a deal with China. He’ll be having dinner with President XI at the g-20 and basically said we don’t need them, they need us. Their economy is in the shitter, while we’re booming.

Watch.

Go in peace.

Booked gains.

TQQQ +16.05% (double sized position)
UPLD +6.8% (double sized position)
ZUO +9.6% (double sized position)
NTNX +18.5% (double sized position)
LABU +26%
DATA +11.1% (double sized position)
HUBS +11.5% (double sized position)
ZEN +0.4% (double sized position)

No judgements and I don’t have a bias on the market. Don’t care. I had short term gains and I remember the anguish when I bought these stocks, thinking I was doing something ruinous. I appreciate the inherent skills that have been bestowed upon me and I reckon it’ll be a fine weekend, now 75% cash, only long a handful of stocks and just one upside ETF — GUSH.

If you followed along, God speed. People always complain about not knowing when to sell. The short answer is, sell when you have a nice profit.

Apparently, adding 250k jobs to the economy is bad news, since it means the Fed is going to ruin things with more rate hikes. Understand where we are now on the narrative, with the Fed posing as a risk to the market. Moreover, traders are presently obsessed with the 10yr bond and believe all hell will break loose if it gets to 3.25% again.

Right now we’re at 3.17%.

It’s Friday. We had a good week. Take profits.

The Apple earnings and irrelevant to the overall scheme of the market. However, they will move the indices and because of their heft; they will adversely affect my TQQQ position.

Apple should not be bought on dips. Moreover, after careful consideration, I’m set on liquidating the lion share of my blood buying sprees of this week. My profits should be immense and I do expect fuckers to buy dips on the opening tick, which will provide opportunistic predators, such as myself, an opportune to liquidate.

There is more upside left in the market; but I will not attempt to time the top.

Here is my bounty, with cost basis for my transactions affixed. For those unfamiliar, all these trades were disseminated in real time and time stamped in Exodus. Start a free trial you miserable misers.

Stock/cost basis (these are all 10% positions, sans LABU which is 5%)

PDD/ $19.55
MOMO/ $35.58
TQQQ/ $47.05
LABU/ $47.05
ZEN/ $56.1
UPLD/ $30.87
ZUO/ $19.31
DATA/ $98.90
NTNX/ $37.4
HUBS/ $128.05

With today’s booked profit in FIVN (+5.5%) and SOXL (+25), I am now 21 for my last 21.

That’s right, in the midst of all the smoke and carnage, Le Fly is 21 for his last 21.

Good day.

NOTE: The trades behind these were all inverse ETFs, which were all sold at a profit except FAZ. My largest gains was DRIP, +12.5%.

GOOD DAY, SIR.

I booked the SOXL trade from two days ago, for an outrageous +25% return. Since this was a 10% position, I am pleased with the result, more than you know.

With the proceeds, I stepped in and bought GUSH, another 10% position. The idea here is higher prices and a seasonable ebb in the oil trade — turning up into the winter months. Of course I won’t hold it for longer than a week — but this is what I say to myself to justify the trade.

I believe markets will trade up strongly tomorrow, once again relegating the bears to the shit-heap of history. However, I’m a seller on an opening spike tomorrow.

Good job for those who made it through the meat grinder. The most important thing during sell offs is to survive and be confident enough to buy the blood. I did so with vigor and tenacity and have, once again, solidified myself as the great living stock trader, possibly the best finance blogger-trader in the history of the world.

Jesus Christ I’m angry today. I don’t know why I’m so god damned upset. Maybe it has something to do with these fucking milk duds I’m chewing, annoying AF. Or maybe because I’m famished and haven’t cooked yet, or because I was working upstairs and the kids fucked the computer beyond belief with their games and shit — rendering the Apple desktop unusable and slow.

My stocks are doing fantastic. Look at SOXL and LABU, truly wonderful. I nailed the market every which way but loose, and I’m working on that too.

I sold FIVN today for a +5.5% win and traveled with those proceeds to the orient and bought both PDD and MOMO.

Both stocks are up, but they’ll go higher. Watch and see.

I know, the market is annoying and you thought it would keep going lower. This is what the market does, tricks people into fucking themselves. Now you’re probably thinking ‘it’s too late to buy now’ and you’d be wrong to say or think it. Stocks will trade up for the balance of the week.

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Inside of a fortnight, hopefully before Turkey Day, iBankCoin will be launching our most aggressive and inspired premium service. I am going to allocate my time, dedicated to doing live mentoring/educating/coaching, transferring all of my methods and everything that I know — to help you become a better trader. You will appreciate this service — because it is designed to be custom tailored for your needs. Instead of a pig pen styled boot camp, I’ll set aside my anonymity for some screen sharing live calls. I’l have the iBC team help with this, in addition to Jeff Macke, for your retail needs — as well as anyone else in my rolodex that I feel can help short cut your education.

The end game is for you to not need me anymore, cancelling the service, and becoming an independent and successful investor. Maybe you could send me a nice bottle of gin down the road, as a token sign of appreciation. I’d drink to that.

Just a little FYI: I only have so many hours in the day to be allocated and based on early demand feedback, I will have to turn away many of you, or place you on a waiting list. I can accept maybe 50-75 members, based upon the amount of hours you reserve. We’ll have two tiers, 1 hr per mo for $99 and 3hrs for $299.

I’ll have more details in about a week or two.

The Trump tweet is very important here. He doesn’t like his big titted stock market barreling lower. So, he’s going to end the trade war, or keep up the rhetoric to provide succor for the bulls during these trying times.

Copper stocks are breaking the fuck out — which is a key China tell.

Also, semis, who have been hurt due to supply chain concerns out of China, are enjoying a furious rally now. Lucky for me, I’m long SOXL with a cost basis of $92 — 10% holding.

I cannot stress how bullish this is for markets. If you have cash, buy copper and Chinese stocks now, then sit back, relax, and enjoy the short squeeze.

Don’t think that Trump isn’t watching every fucking tick of this market. Unlike Bush and Obama, who were oblivious to the market, Trump is obsessed. He knows the bears need to be vanquished, in order to preserve his legacy as world’s best stock market President, ever.

He just floated this tweet, which I am sure was designed to cause a short squeeze.

Just had a long and very good conversation with President Xi Jinping of China. We talked about many subjects, with a heavy emphasis on Trade. Those discussions are moving along nicely with meetings being scheduled at the G-20 in Argentina. Also had good discussion on North Korea!

— Donald J. Trump (@realDonaldTrump) November 1, 2018

Separately, the new Exodus Quant for November was just posted. I wasn’t going to sell any of my trading positions anyway, even if we traded lower today. The way I view the market is binary and right now we’re in bull mode.