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
18,966 Blog Posts

Bet Against Stocks; Lose Your Legs

It’s tempting to sell everything and become a hermit isn’t it? But before you do that, consider the following.

You’re an idiot.

Here is your workflow.

Is oil up?
Is HYG up?
How is SRLN doing?
How about oil stocks? Are debt/eq levels improving?

If you answered yes to all 4 questions, you must remain long, until wrong. You’ll know when to get out after seeing one of those dastardly black candles. Sure, you’ll give back some gains and likely be mad for not selling the top — but only retards sell tops. Real men enjoy the fat middle.

What stocks to buy?

That’s simple — whatever works.

Let me walk you through my work flow using Exodus.

I like tech, so I look at what areas in tech look good, based upon returns.

Then I sort by our proprietary tech algorithm and also view Sharpes to gather a firm view of the best stocks in space.

After that I view what stocks are within 1% of intra-day high. We have a screen for that too, and then revenue growth. I don’t want to be caught dead with stocks not growing at least 20% per quarter.

See how easy?

Even a god damned idiot can do it.

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8 comments

  1. edge

    But, Good Sir, what if I am an exceptional idiot?

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  2. edge

    Well that was quick. Went from goodly long to net short this AM. 80% cash, 18% long, 2% SPY Mar 235 p.
    I’ll fix whatever is broke Tuesday.

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  3. ryanduncan12345@gmail.com

    I tip my hat to the good Dr. Thanks for keeping me on the right side of the trade! Your guidance in the market has been key to me getting to successfully trade.

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    • edge

      He’s a better trader than I and his insights are quite useful. But I gotta be me.

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  4. spaceman

    Come on Gold higher! Higher! I know you can do it I know you can Pull up! Pull Harder!!!

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  5. edge

    FWIW, I think Trump takes the China deal. There’s sure to be a devil in the details but Trump is desperate for a win, and incompetent AF anyway.

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  6. jbandy

    Yup, like a child who is feeling hated/ostracized, he will do anything to be liked again. That’s exactly how Trump’s brain works. Some sort of China “deal” is a given no matter how little they give in to the US.

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  7. cancel19

    @edge @jbandy whatever the fuck it takes to make my portfolios great again!

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