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
19,896 Blog Posts

Booked the Trade!

I sold PAYS for a 10.8% win and my overnighter ENPH for a 1.6% win. Annualize that, motherfuckers.

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9 comments

  1. ferd

    With the continued strength, it’s interesting to note that NPR, Sunday shows ..were all talking about end times due to trade war, Trump and yield curve …CNN money reporter said she’d “moved all her and her kid’s college accts completely to cash.” The only bull I saw was Kudlow …and he appeared to be quite drunk.

    Ha

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  2. Marc David

    Thank you Fly-san

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  3. teslawasright

    Shall the Fly publish his annualized weighted average for overnite holds???????

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  4. bronze28

    right you are!!

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  5. ferd

    Long TWM at 15.62

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    • numbersgame

      Small caps do look weaker than their big brothers, but the market doesn’t look like an obvious top yet. In cases like this, I use to a postive-theta strategy (one where I don’t lose money if the market moves sideways). Leveaged ETFs or VIX ETFs ususally have negative theta (time delay), so you lose money if the underlying index is unchanged after a week.

      If/when we get to a higher/harder ceiling or the market shows significant weakness or complacency (VIX < 14), then I'll play it with a more leveraged instrument, looking for a near-term correction.

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  6. numbersgame

    Ithink CNN’ Fear & Greed indicator (https://money.cnn.com/data/fear-and-greed/) is useful for two reasons:
    1) It shows you various indicators of market fear and greed (duh)
    2) It is on apopular website, so many people probabbly pay attention to it.

    One thing I noticed on this indicator recently is that over the last three years, each correction has gotten deeper valley (more fear) and each rally has gotten lower tops (less greed). Lower highs and lower lows is defintely not a bullish sign for the larger trend.

    Also, for good or bad, I did notice that the VIX didn’t go that high when the Dow dropped 800 points. That is a sign of less fear/panic, which is why I figured the market would continue upward after Thursday’s rally.. Of course, the VIX directly measures the demand for S&P 500 options, so if investors aren’t buying protection (put options) when the DOW drops 800 points and the 2yr-10yr inverts, then is that a sign of a market that doesn’t panic easily or a sign of complacency?

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