These past few months have turned Le Fly into an austere investor. The back and forth has melded me into steel, iron ingots and my resolve is to survive. I am cognizant of the fact this is NOT a good market by traditional definition, which is even an idiot can bank. I survived today’s FOMC day with +1.4%, in spite of it looking dicey after Powell began talking. My gains shrunk to only 30bps before ramping and I took that opportune to liquidate everything.
I am fixated on ETFs and not really interested in individual stocks unless they are specific to an industry I want exposure to, such as cryptos. If I wanted to play cryptos in stocks I’d buy MARA, RIOT, HIVE, BITF or HUT. I segment stocks and make innumerable lists in order to best pounce on a micro idea. Admittedly, I am still adjusting to the massive amount of data and capabilities inside Stocklabs. It could be said that perhaps my trading could be better with just a laptop and instincts. Truthfully, I never doubted my instincts but I am embarking on something unique with SL — in that I am building systems that can operate on their own and this AI can one day invest money on my behalf — with me being dead.
I liken this to driving a race car for the first time — fast and unusual and it’ll take some time to get used to.
I have three portfolios running now — trading, best ideas, and Quant. The purpose for them is as follows.
Trading: in the moment
Best Ideas: longer term
Quant: Machine learned investing using software
We all are good at times, terrible and great during rare occasions. The market, on a long enough time frame, is conducive with capital gains, providing you’re invested in REAL stocks with larger market caps. I am just looking for others ways of doing this — and my work continues.
100% cash, but a bias for more gains tomorrow.If you enjoy the content at iBankCoin, please follow us on Twitter