I placed a serious of MASTERFUL trades yesterday and now I am all out of them. Are you capable of trading like me? No, absolutely not — positively. Can I teach you how to trade well and with dignity? No, it’s not something that can be taught or learned. You either got it or you don’t.
That being said, I had been building my 3x short FANG position over the past week, having averaged down 3 times to reduce my basis. It was an endeavor, but I ended up with a 15% position up 4.4%, instead of a single sized position down 15%, which is where I would’ve been as of yesterday.
Here are today’s fish.
SOXS +9.1%
REYN +8.7%
FNGD +4.4% x3
FAZ +8.5%
DUST +8.6%
I am still holding DO in bankruptcy and the balance in cash, or 95%. Markets are off more than 450, Nasdaq nearly 200. Oil is up 2.2% and I suspect all sorts of fuckery will ensue. But here is the truth, so listen to me very quietly. Intra-day moves are for asshats. Play the close and the opening rip or dip and then fuck off. If you’re interested in pressing shorts here — GOOD LUCK. The way they have this market wired, you’ll blow up. I made my money and now I will circumvent my estate and drink some coffee, black — never with any sugar.
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Bravo good sir
Miners gapped down a little but going up from the open.
Sugar is as harmful as tobacco. It’s a poison. Eliminate as much as you can from your diet.
beach house is a solid band
Masterstroke on FANG, Mr. Fly, landed with mechanical timing and precision.
Hang onto your DO stock and maybe in the Chapter 11 they will put you on the Board of Directors. You can then turn the Houston HQ into Dr. Fly’s Condominiums and then bring their rigs onshore and turn it into a tourist attraction- FlyWorld.
Premature to start printing the T Shirts?
Maybe Erupt No More
Times are tough when the bears aren’t stepping over each other to gloat on a big down day.
NO MERCY
Your comment perfectly illustrates the complacency in the market.
A little early on SOXS and FAZ…
Adding to shorts & rolling.
I’m smelling blood. Stops are when I lose wed-fri gains. Will buy more as they get cheaper. Yes I’m hedging.
Trump and Musk double teaming the market today.
A common mistake. Shorts have been so beaten that they’ll find all kinds of levels ..gap fills ..gaps down ..fib extensions ..whatever to cover and take their modest profits. Meanwhile the market will go down to new 2020 lows without them. Time to press your short bets!
It’s been a rough couple weeks for bears. They see some honey, they’re going to take it.
Cubs go for the honey.
If you want to know what bears are doing, check out Edge’s comment at 1:22
Biden Campaign poster:
https://imgur.com/7IZ7ndA
sick, now how do we get this up on the jumbo screens in times square?
Trump supporters see that picture and don’t get the joke.
trump supporters think women getting the vote is why our civilization is collapsing.
trump needs to win for us to get a third party, id vote for him but i cannot religiously vote for either rapist and keep waking up every morning without feeling like a piece of shit when i thank the man upstairs for waking me up again.
Progressive groups’ best move is to throw 100% of their money into Senate (or House) races and let the moderates worry about Biden.
Imagine losing 2 races in a row to a someone that was never even endorsed by 4 out the 5 of their own party’s living previous Presidential nominees.
That would be the equivalaent of the Democrats nominating someone that gets the endorsement of John Kerry *or* Al Gore, but not Bill Clinton, Jimmy Carter, or Barrack Obama.
Aussie says blood. Done for the day. TZA was fun but its Friday. Props to anyone shorting IWM/SPY for more than 5 minutes at a time. You have balls. Godspeed.
Gold looking sexy AF in its own little 7 trillion dollar world…
Gold and USD climbing together like stalin and churchill smoking cigars in 1941.
Stalin: “I have more soldiers than the Germans have bullets”
Churchill: “hold my scotch…”
My portfolio is so medieval right now.
If the dollar goes past late march highs…
the most lit currency short squeeze of all time may be unfolding ladies.
all around the world people are selling their wives and kids for green paper and here we are buying bitcoin and TSLA calls
Rocky V was such a good fucking movie though so I get it.