Fly Buy: $SQQQ

Market is fucking toast, with exception to retail and the shopping mall stocks of course. My Macy’s is doing wonderful.

I stepped in with a full heart and bought SQQQ today, not because I’m scared or because stocks look bad, but because I’m angry and want to profit from the demise of western finance.

To access our algos, feel free to use FreeStockAlgos for instant real time grading. We’ll add some new features soon.

Here’s a very interesting screen that I ran in Exodus. I simply searched for intra-day returns of stocks with Sharpe ratios above 1 and under 1. For those unfamiliar, a Sharpe ratio is the risk adjusted return divided by standard deviation. In the investment advisor world, it is the crown jewel of metrics and many advisors base their entire practice around this singular data point.

Look at the divergence.

The best explanation I can offer is advisors are blowing out of positions and underowned stocks and sectors are being bought. There were a lot of crowded trades and now they’re unwinding. This is the downside to big data and everyone knowing which stocks are the best in seconds. When the trade ends or is paused, everyone tries to exit at the same time. In the past, we’d refer to these stocks as ‘hedge fund hotels’ — but now the field is dominated by series 65 retards and their reverse churning methods.

Here’s sad boy Cramer, lamenting the recent guidance from $FB, incredulously declaring it is a recipe for a short sale. Lots of classic Cramer drama-queen in that clip.

Cramer on $FB: It's a recipe for a short sale pic.twitter.com/PWaF2yerHd

— The_Real_Fly (@The_Real_Fly) July 30, 2018

Speaking of drama-queens: Conservative folks on Twitter are, ironically, professing to sell and to sell short shares of TWTR, hoping it ‘goes bankrupt’, in order to teach them a lesson for shadow-banning right wingers on the platform. Believe me, I’ve had my fair share of censorship on social media. The iBC Facebook channel was nuked. I was suspended several times on Twitter, once for calling someone ‘a fucking retard’ — and I generally despise Instagram. But that doesn’t mean you should run out there and sell short the stock. These people are fucking retarded, basing their decisions on political hacks. The irony, of course, is that they’re tweeting more to “bring down Twitter.”

Shares of TWTR look like shit and are knifing lower.

Word of advice. Conservatives have little power over social media. That much is certain. But plenty of them own businesses, right? If you want to hurt @Jack — then boycott Square, his other company. Personally, I’m not interested in boycotts and believe it’s a waste of time. Too much negativity. That shit is cancerous.

I’ve gone from complete and utter genius to reprobate knuckle-dragging moron in a little more than a fortnight. Sure, I still have YTD gains that most would be envious of — but my recent foray into the world of high finance has been met with a swift kick to the nuts and groin.

Let me explain.

Everything that was up is now down, and vice versa. This tape is specifically designed to fuck its participants. Look at what I mean.

If you’re trend following, you’re essentially getting your balls boxed in. Tech is lower, but the Russell is up? Good luck trying to play that.

SAAS stocks hammered, but oil up?

No thanks.

I sold my DRIP ‘hedge’ for a quick 6-7% loss. I’ve been booking a lot of those today. I’m now a complete loser at 75% cash, yelling at children for playing on my lawn. I am an idiot of epic proportions, underserving of a computer. If I was my own cold caller, back in the day, I’d snatch away my computer and replace it with a sticky.

Best thing for me to do now is to eat sandwiches at an industrial rate. If I bargain myself into the tape, I’m liable to screw up again. I might as well wait for worldwide panic to grip markets and play the Exodus OS signals. By the way, have I shilled for me new site enough: FreeStockAlgos.com? It is, essentially, a site for those too lazy to take the free trial, or people who’ve had the trial and only like to freeload. Feel free to use it with my compliments.

Signing off now — Monsieur Moron.

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Boy what a tech wreck it is out there. I didn’t want to sell down so much, but what am I supposed to do when these fucking stocks are sticking knives in my chest? Am I supposed to sit there and say ‘please Sir, might I beg your pardon for another?’

No. I removed the knives from my chest and grabbed those stocks by the hair and decapitated them.

I kicked out of PVTL, SMAR, RP, and OSTK — losses ranged between 5-12%.

With the proceeds, I’m doing nothing, other than regretting using DRIP as one of my hedges.

Here’s what I’m seeing in Exodus and why I’m concerned. Leadership in tech is in the wind. My Bubble Basket is sharply lower, as are the FAANG stocks. Additionally, and many aren’t watching this, the highest growth SAAS stocks are getting man-handled. This is, by far, the best performing sector in the market this year. Pay attention to the distribution. Junior at the trading turret is getting nervous and he’s making mistakes. While the PM is in Nantucket doing lines of blow, Junior is busy ruining the business.

Dunkirk soundtrack on loop. Oh and the SAAS stocks are now -2.5%.

When it comes to trading oil, I always seem to be on the wrong side of the trade. It is my Waterloo. On Friday, I declared I was an ‘Inverse Oil Man’ — betting against the black gold. It seemed like a perfectly reasonable thing to do, considering the circumstances. So I bought DRIP and now it’s lower by 4.5% thanks to WTI running higher by 2%.

Complete idiot.

I’ve been teaching myself how to cook French cuisine, which is great. The only setback to it is my children much prefer to wolf down a pound of drenched fries, rather than sit down to Dad’s “fancy dinners” that take 3 hours to prepare and cook. Life, at times, is an exercise in futility.

Markets are higher thanks to the CAT beat; but the Nasdaq looks like it wants lower. I’m gonna pay close attention to the market now and stop chin-wagging with your faggots.

I’ll update the blog when I’ve made a determination.

As you get older you realize all of the mistakes you made when you were younger. A lot of people reflect back on those errors and get somber about them, permitting a veil of melancholy to sweep them away into a world of wilted dreams.

Quit being such pussies.

Life is a continuous error, followed by periods of joy. Some find joy in playing the violin, others in watching foolsball. I find joy in successfully dissecting the stock market and making money in it. It is one of the few things I am very good at and that I am able to control.

Can I control what the people around do and say? I only wish.

Can I control what Trump will tweet about next? Heavens no.

But I can take the information available to me and make smart decisions? When I say “smart” I mean removing my ribald emotions from the workflow of trading.

Absolutely.

Here’s Larry Kudlow doubling down on Trump’s trade war, saying he inherited a ‘broken trading system.’

President Trump’s chief economic adviser Larry Kudlow on the criticism surrounding tariffs: “Don’t blame President Trump. He inherited a completely broken world trading system” https://t.co/nltoUAJSGM pic.twitter.com/aUK3Qc8Qwj

— CNN (@CNN) July 29, 2018

Is any of that true? Before you answer and give an opinion, why should you care? Can you control any outcome here? Once you establish a bias, you’ve subconsciously began the process to let emotions get in the way of your trading. You might think the trade war is ruinous and that idea might manifest itself into a sundry of trades and positions that end up hurting you.

Get your head out from your asses.

I just assume it’s all a nice Broadway show, entertainment for me as I toil. Life is hard and sometimes boring. The good folks at the US Govt are merely providing the people with an entertaining reality show for the masses, to keep us busy and to pass the time.

Every mistake I ever made trading the market started and ended with my opinions getting in the way of sound decisions. In short, trade the market you see, not the one you want.

And for the youngsters out there who haven’t made a bunch of life ruining mistakes yet: your youth makes you ignorant and that ignorance often leads to great success and blow-ups. Truth is, you’re more likely to blow up than become a great success. That’s just how the math works out. Take your time and plan for the next 30 years and you’ll be fine.

Admiral Fly signing off now. Time to eat some lunch.

Be sure to check out my new web property, FreeStockAlgos.com to access the algorithms of Exodus.

I saw Mission Impossible last night and was a little perturbed that Hans Zimmer was not on the soundtrack. Even worse, it appears Lorne Balfe, the person who did the soundtrack STOLE from Mr. Zimmer’s style. You’ll notice the haunting “tick, tick, tick” melodies throughout the movie, something that Zimmer did effectively in the Batman movies.

Overall, it was a terrific movie and it lived up to the hype.

Before I head out today, I’m gonna do some research in Exodus — and perhaps sketch up some new tools to be added to it this Fall. My friends in the investment advisory business haven’t the slightest idea what they’re doing in the market and it always amazes me how intelligent business people think they need the help of 40-sometihng boozehounds to manage their money.

Here’s the top rated stocks in Exodus.

Want to trade? Pick a few of those and place stops at 10% below cost.

Want a longer term stratagem?

Here’s the stocks with the top Sharpe’s. Sort them out by sector and buy two in each one. There, now you have a diversified investment plan that will look identical to the shit your advisor is peddling to you.

Getting older, need to plan for retirement?

Simple. Buy some munis, AAA rated corporates, and some large cap dividend stocks to mesh with your portfolio. Your moron advisors will say your bond holdings should be equal in percentage to your age. If you’re 55, you should have 55% of your portfolio in bonds. He says this because he’s an idiot. No person should ever have more than 25% of his portfolio in bonds. I don’t care if said person is 100 years old.

Lastly, worried about junior and his college fund?

Simple. Set up some 529 plans or UGMAs/UTMAs and pay them like you would your electricity bill. Have them structured to follow the benchmarks and watch the assets grow to enormous amounts over time.

There, now I just saved you 1% management fees per annum and the trouble of having to deal with incorrigible advisors.

Reading this blog must lead to a great melancholy across the reader class of people, dispirited tea drinkers who’ve been struggling throughout life eating ham and cheese sandwiches. I want you to know, I do not know your plight. Le Fly is different from the lot of you — mind you. I’ve never known loss or setback and have been winning from birth.

Whilst some out there pretend to win a lot, I crave to lose. It is my curse, my burden, a great guilt that will haunt me until my death.

But I’ve read a lot and know the stories of how people got depressed after enduring set backs, the ephemeral height of euphoric victory slipping and slandering into the dark pits of morass. DO NOT FLEE young lads; wait for better terms!

Investment advisors getting BTFO today. Here are stocks with Sharpe scores above 2 — off by more than 3% for the session. pic.twitter.com/N9Juwf2yeb

— The_Real_Fly (@The_Real_Fly) July 27, 2018

Take some of you positions and reserve them. Remove some of your cash from that market, and reserve it. You’ll be okay in the end, especially because you’re under the direct guidance of a space alien magician (SAM).

A few basic tenets for you to follow.

Never start a position off larger than 5% of total assets. I don’t care if your account if $10k or $1,000,000. 5% max.

Rarely, if ever, average down. That’s simply throwing good money after bad.

Averaging up is what winners do.

Never hold true to your convictions. Read it again. The market will make an asshole out of you, get gay, and then — well you know what. Be trans-biased and feel free to change your identity whenever you want.

Never drink during the work week. It’ll cause you to be lethargic and retarded. Only boozehounds and people with substance abuse problems go to dinner and drink bottles of wine during the week. Extricate yourself from these people, for they are losers.

Last but not least, accept defeat gracefully, just like I accept victory — with honor and dignity.

And listen to a lot of Stan Getz.

Have a great weekend and be sure to check out my new web property for access to the Exodus algos.

Today's market in a picture: looked disgusting–nipples protruding–in a blue shirt before America. Very very disrespectful. pic.twitter.com/8glx7aFgb9

— The_Real_Fly (@The_Real_Fly) July 27, 2018

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It should be noted, I am literally the worst oil trader in the world. That being said, I stepped in and bought DRIP — because FUCK OIL.

Also, I was fortunate enough to sell SRAX into strength and booked a 9.5% profit as a result.

In short, 50% cash, long some tech and retail and TZA/DRIP.

Jog on.