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Trading with The Fly

Dr. Fly
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
23,558 Blog Posts

Markets Will Not Recover; Fly’s Streak Lives!

Dr. Fly Tue May 7, 2019 11:59am EST 1 Comment

I sold GNLN for a 6.3% gain, a one day hold. This makes my last 15 closed trades profitable ones. I don’t think I can keep up this streak without a little zero-hedging; but we’ll see. I am now 55% cash and 100% sure we go lower.

The VIX index is now at $20. Anything above $17 is bullish. Markets will not recover from this quickly.

Oil is hammered and finally HYG produced a red candle.

You should be lightening up now and hedging.

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One comment

  1. heckler
    heckler
    May 7, 2019 at 12:28 pm

    GNLN looks like it wants to BTFO. Vape life. This is bullshit. Buy the dip or chase my shares pussies!

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