What a year. This wasn’t easy and I didn’t have fun. There is always an under current of fuckery, but none as much as 2021. This was a year of science and totalitarianism, supported in whole by democracies in the west and also supported by its people in the name of MUHHHHH health. There was nothing I particularly enjoyed about 2021 and I really really despise the timeline we’re in now.
This was also a year of the Tera cap and fuck you you’re dead pin action in the smalls. Healthcare stocks were racked for -25% and tech posted a down year too. If you weren’t in stocks with caps over $100b, you had a hard time trading. The allure of grandiosity kept me going back to the small capped well over and over and over again. I wanted to relive the past, the halcyon days of 2020 when making coin in the market was simple and refreshing, without fear or reprisals. Now we have chop and there is a distinct malevolence to the tape and although I made over 220% for 2021 I do not feeeel good because I know to achieve those types of returns in 2022 I’ll need a fucking miracle. It simply cannot be done given the market I’m trading now, at least with my methods. In order to perform on a level like that I’d need to run naked with my balls out without fear, and I’m simply not prepared or willing to do that now.
The issue is cushion. I’d need to be up fast and big to take outsized risk and the market has not been momentum oriented. Instead we get mean reversion chop, which is why I’m dedicating an account to my mean reversion algorithms in Stocklabs for 2022.
I’ll do another post before the New Year’s celebrations begin. But if you don’t get a chance to read it, happy tidings and best to you and your families. I want to see you succeed and do well and be happy.
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Nah it’s easy to repeat 200% gain for 2022. All in on Ethereum at current price. Merger is coming in 5-6 months and that’s equivalent to inflation going from +2 to deflation -2.2, the quibble to of 4.2% decrease in annual supply. That should yield 15-20x from current price.
Eth to 8T? You’re fucking high.
great recap
Happy new year.
Hat tip. Blogging another full year!
Random thoughts: Jim B will have more hair in ’22 than ’21 or ’20.
’20 – bad, ’21 worse, ’22 even worse but the worst still to come. Jim B will serve at least 2 full yrs.; if not Kamelia would not be able to run for 2 full terms.
Stocks: nasty & brutish in 22, but someone must make money. How to make money there? Well beyond my pay grade. Why get in the stock ring with Mike Tyson at his prime, when you can get in the crypto ring with Pee Wee Herman and box him with brass knuckles in your gloves? A guy I follow says cryptos have a blow off top, tbd but most likely in 22. Downturn may last awhile. N.B. Get out in time.
Price controls in 22. No, in world history they’ve never ever worked. A look back: 1793 France, Law of the Maximum – prices fixed with a set profit for producers & retailers. Every means was taken to evade them. Rationing and a coupon systems instituted. For some reason “greedy” farmers & retailers didn’t like selling at a loss and mostly stopped producing, selling or went out of business. Supplies dwindled & prices continued higher.
Using other currencies: 1st offense 6 yrs in irons. 2nd offense 20 yrs in irons.
Informants receive 1/3 of goods held off the market. Goods confiscated, offenders houses were burned. Death penalty instituted.
Later the death penalty was for selling above set prices and later just for asking what money was to be used.
Good news: history never repeats; it can’t happen here; Jim would never do that.
More suiciding in 22. Following Eps. & and some software guy with an I didn’t kill myself tattoo. the wikeleeks guy seems awfully maudlin.
No news from the diary. But if there were: and then he said, well it ain’t gonna suck itself, Ashly
Seriously enjoy a few days off! Happy New Year!
Shoulda just been in s&p index fund and ate sangwiches all year