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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.

During This State of Depravity and Wanton Excess, iBC Will Never Delve into Politics

About 4 years ago I steered this site, which was founded on tomfoolery and a diary to document my eccentricities, directly into the heart of Mount Doom and took up political discourse. At the time, I was rewarded with BIG DICKED page views. iBC’s Alexa ranking shot up from 75k to under 4k — posts emblazoned with fire got 500,000+ views and ad revenues shot higher in tow.

The subsequent result of all that is as follows:

  • A constant feeling of dread for taking up a discussion that divided people.
  • Stirring up emotions and making “enemies” out of people who I used to be friendly with.
  • Betraying the mantra of the site, pivoting directly into a poisonous bush of berries and eating them all.
  • Blacklisted on Twitter, banned on Facebook, Banned on Youtube — which resulted in loss of a decade’s worth of content, including Fly cartoon series, and of course google labeling the site as “dangerous” — banned from google ad words.

All of that was quite literally for nothing — since I really didn’t give a shit one way or another. I have no power over the results of any election and even if I did — with the two party system in place — is there really a fucking difference?

If you’re curious as to where the fuck people have gone on the site, as it once was a place brimming with bloggers (200+ at one time) and comment threads 200 deep; I have since halted all new bloggers to the site and restricted comments for new readers due to a spam situation that I will address when we redesign the site. Almost all of the commentary is now behind the gilded paywalls of Exodus, where the Pelican Room is active with discussions, everything but politics — which is banned there too.

All of my efforts are focused on two things now.

1. Completing and launching Stocklabs.
2. Completing and launching Stocklabs.

Third party ads have been removed from the site — because fuck them, and I blog a lot less than I used to — because I am trying to focus more on Completing and launching Stocklabs and also trading. I have never, in my whole life, traded more than I do now.  The reason why I do not post stock ideas here anymore is simply out of respect for people who pay for Exodus. I also realize some of you cannot or do not want to pay for Exodus and I am ok with that, at the moment. I will launch some free tools for you to enjoy once we complete SL.  One of them is out now — Stocklabs News.

If you want to support the site and its efforts to create the world’s first Orbital Space Cannon (OSC) to be used for offensive purposes only — you can purchase and read my two books — which will indoctrinate you into the House of Fly. Or, alternatively, you can get your iBC fall gear now — Country Club appropriate, and sport some of the finest fashions to ever come out from the internet.

One thing you will not get, which was the whole point of this fucking post, is divisive content that will piss you off. I am the only one that is allowed to hate here, mostly me against all of my unseen enemies attempting to capsize my warships. For example, last week I was distracted by a cadre of FUCKING MISFITS on Twitter with some inane poll. We got the war machine running hot and rigged the whole election. Whoever I wanted to win, won. Whoever I wanted to lose, lost. Just like in real politics. I even made myself lose because I quickly learned I hated all of those people and wanted them dead.

See “Veblen” entry in the previously hidden iBC Dictionary.

Off to the Grande Druid Lodge.

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BLM BAILS OUT LE FLY — TRADING LIKE A TRUE MASTER IS NOT ONLY A RIGHT, BUT A PASTIME

I was having a decent day in the markets. Recall, I have 50% of my money in the Exodus QUANT, which RAMPAGED THE FUCK HIGHER today for a substantial +4.2%. That pretty much negated yesterday’s losses — so fuck yourself.

Then late in the day, NEWS HIT THE TAPE, that Trump wanted to buy off Black Americans to the tune of $500b, in what he calls an investment in Black America. It is The Godfather of all gibs and that shit, mind you, made black owned businesses that publicly trade — RAMPAGE THE FUCK HIGHER.

Lucky for me, as you can see above, I have a BLM index in Stocklabs and 1,000 traders in the Pelican Room, an army if you will, at my disposal. We got in heavily into those fucking bastards and I fleeced the market for +16% in BYFC and +20% in UONEK and hold CARV into Monday’s jubilee.

In all, I finished the day +2.4% in my trading, +4.2% in my Quant. In other words, Le Fly is entirely back and yesterday’s foray into misery, which with the benefit of hindsight, was nothing more than a way station to greater and much greener pastures.

Have yourselves a fruitful weekend, you fucking faggots. Off to drink some champagne.

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Back to Trading Again; Nothing Will Ever Stop Me

Not even death. I’ve built Exodus and soon to be Stocklabs to survive my demise. It will trade long after I am dead. I’ve even made arrangements to replace myself, “The Fly”, with a successor who will carry the mantle of Le Fly 30-50 years after I am dead, to bring fruitful commentary and trades to a new generation of degenerate speculators.

As soon as I penned my last post, talking about how I would not buy stocks today, I bought stocks. So far, so good.

A few trades here, some there — all in the spirit of the times. I do believe, rather emphatically, we are living in end of days for markets. It won’t be long now until the wheels spin right the fuck off this chuck wagon and all of the participants crash neck first into the crevasse.

NASDAQ is +115. “The Fly” has work to do.

Ciao..

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Avoiding the Chop — EXODUS CHAT IS DOWN, Due to Mystery

Innumerable stocks I owned yesterday are roaring higher today, as I am left with my dick in my hand and some TZA. Markets are gently lower, which means they will soon rise up and flame broil shorts. I do not think I will make a single trade today — plus StockLabs and Exodus are down today — and my IT is AWOL — no idea where he is in Germany now. Perhaps he’s eating some schnitzel and having a large frothy beer? I’d like to believe that. Why slave over a computer when you could be eating something greasy and getting drunk?

Parts of Exodus appears to be open, except the chat room where all of you trouble makers plot and scheme to bring down elections. Maybe it’s a good thing for you too. Get out there and smell the autumn skies and enjoy this Friday as a gift.

I, on the other hand, will keep busy — presently listening to Bach… was listening to Beethoven earlier.

My morning routine is somewhat unremarkable — coffee, croissant, maybe a phone call or two, and then classical music. I find voices to annoy me in the morning and there’s a reason why Bach and the greats are still listened to for centuries.

My hopes and dreams entail me resuming my trading greatness. Yesterday’s debacle kept me in bad spirits all day long into the night. Markets, as I can see, are already whipsawing around. This is caused by sell stops and HFTs fucking retail with their digital dick chopping guillotines. Truthfully, it’s best to avoid this chop and I only say that because I failed yesterday. Had I not failed, I’d be THE CHOP MASTER today, telling the world about my greatness.

The Dow is -55, NADAQ +15. No fucking idea where we head next.

I’ll get Pelican room back up as soon as Ze Germans materialize.

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WORST TRADING DAY IN YEARS

Hard to explain what exactly transpired today. It started with missing out on a runner, SUNW went from 0.85 to $9 and I missed it by minutes yesterday. Today it gapped higher and a cadre of like minded alt energy stocks took off with it. What I thought I was seeing was the beginning of a trend, when in fact it was topping out. The malevolent nature of today’s chop-fest had a profound effect on the way I was thinking. I could feel the pressure in my stomach and head elevate, almost to the point of desperation. If you’ve ever had a truly large position go wayward on you, you know what I mean.

But it wasn’t just one position, although I did have a double down debacle of -17%. In total, I executed 67 trades and while I started to make some back mid-day, I ended up on the wrong end of the chop and acquiesced all of my positions for the sake of my own sanity. I had lost the confidence to take risk, after a foray of losses, so I opted out. In total, I lost 5.3% for the session — which is dreadful and my worst showing in many years for a single day. Month to date, I am still up 7%; but I imagine there is a much more profound thing to consider when looking at a loss of 5.3% for the day — such as people who followed me into these burning homes. I know for a fact, most people do not take positions sizes like me, of only 5%. I also fear their losses are considerably higher — if they mirrored me to the T — for that I am sorry.

Just yesterday, I boasted about being up 12 consecutive days, in a seamless end of wanton hedonism — the whir that made it all the more worthwhile is when gains were enjoyed at will. Such an occurrence is rare and indeed destined to revert back to the mean. Today I was ugly, a truly odious monster who ate himself for the sake of greed and avarice. I will not drink today because I do not like to drink when I am feeling bad. Instead, I head to the gym, lift until my fucking arms fall off, and then get an early start tomorrow.

If today’s tape tells me anything, it reeks of fragility — the manner of which the indices moved today and the stocks that led to the upside are possible signs of topping out. Then again, what the fuck do I know? Mr. -5.3% for the day.

 

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HORRIBLE TRADING UNDERWAY

I had stepped into today cocksure and strong, feeling the vibe of downward spiraling markets. I had inverse ETFs and the NASDAQ was down 100. But then markets began to turn higher and all of the alternative energy stocks, led by SUNW, started to triple in value. Quickly, like a fucking moron, I followed suit. The next sequence of events can only be learned from a complete moron, so play close attention.

I ran some screens and chased whatever moved. If It was energy related, alternative energy, I gobbled it up. If it was up 50% on strong volume, I deemed it to be a good value. Almost immediately I was rewarded with gains, as the TIKTOK/Robinhood cadre of investor chased with me. I was one of the kids now. I wasn’t too nuts, still 60% cash, but beta was off the charts.

But then markets started to tank and I got left with bags of shit burning at my door. I started to stomp them out, but it was too late. The damage is ongoing, as I have several of these burning bags of shit still burning at my door. My intra day losses are now in excess of 3% and it would’ve been worse had it not been for position sizing of 5%.

There is a lesson tucked in here somewhere. However, for the moment, you can chalk it up to abject stupidity fueled by FOMO.

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MARKETS WILL CRASH

At some point, you have to ask yourselves “what the fuck am I doing?” Nothing is in your favour, Sir. This is bullshit, personified. Having said that, the circle jerk continues. Markets flagged lower today by 330 NASDAQS and all of the absolute faggots are offering opinions on the tele today.

This is what I know to be true. We are embarking on a strong likelihood of RENEWED LOCKDOWNS. Hard hit industries, like commercial RE and consumer facing businesses, have endured 50-95% drawdowns in revenues. This is not a tailwind to get behind — because once that wind arrives at its destination — you will be tossed strongly into quickly moving helicopter blades.

I fucked up, gigantically, today.  I had SUNW and sold for a 4% loss and then it immediately jumped 250%. I wanted to kill myself. I ended selling EVERYTHING, booking losses of 3% for the session, and then I loaded up on shorts. I am down 0.34% for the week, closed the session at 70% cash, 100% eager to see this fucker burn to the ground.

Added bonus: BREONA TAYLOR INSPIRED BLM RIOTS TONIGHT. Also, I won round 1 of the FINTWIT elections, amongst rampant voting irregularities. Be sure to dispatch Uncle Rico with the same verve you cast away CORDOVA.

 

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Great Tragic Tragedies Strikes Traders Down

It wasn’t supposed to be this way. Stonks, as they’re popular known amongst the idiot class of investor, are supposed to only go up. Lo and behold, the NASDAQ is now knifing lower — off by more than 200. Miserably, I only have 1 hedge, and I closed out my SQQQ when the NASDAQ was down 150. I too bought into the fervor, pretended that nothing was wrong and how wonderful stocks were, all because the Federal Reserve sucked its dick.

I am more than happy, in fact elated, to donate some of my 300% YTD gains in exchange for pain and misery amongst the TikTok investment class. To this end, I am 30% cash, triggered lower amidst a flurry of panic sales, eagerly awaiting the next leg to drop.

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STOCKS NOT DOING MUCH, BUT THE FLY WINS AGAIN

Let me explain something to you pal. There is a common thread in the long rich history of this site. You’ve bore witness to all of my ups and downs, MASSIVE CATACLYSMS and the like. But, as always, Le Fly finds a way to win — especially when he seems to be failing badly.

Last night during the overnight session, whilst you fat American bastards slept over pounds of chopped meat, my European fan base awoken to blackened coffee and croissants and VOTED FOR LE FLY in the all important FINTWIT MADNESS poll. I had been down 300 votes and now that is gone — no thanks to any of you American reprobates.

While Cordova is certainly a worthy enemy, it was never something to be concerned with and I am delighted to see her simp fanbase on suicide watch, voicing distress on Twitter with comments like below.

And for the record, Le Fly isn’t ‘ugly’ per se. I am in fact quite odious, in a gentlemanly sort of way — both malevolent and detestable, but a gentleman nonetheless. At any rate, I look forward to the next round of this ALL IMPORTANT FINTWIT contest, where I expect to douse “Uncle Rico” with some tequila and light him aflame.

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Grimly Painted Rally, Le Fly Barely Won

An interesting melt up marked by my own over-enthusiasm. Part of my underperformance, up just 0.25%, is due to overtrading. I bought and sold FROG and then it sprang for another 10%. In the morning I blew out of my losers and traded back to breakeven, erasing a 1.6% loss — but did little more afterwards. It was a lot of churning, but not much burning.

I closed the session 100% allocated. Fuck you and fuck my trades. I am tired of posting them. What difference does it make? Does me posting my trades help you? No. Does it encourage you to trade better? No. You are going to do whatever the fuck you do and that is most likely on par with losing VAST SUMS of money. I will tell you this now for your own good: quit trading. No one is going to teach you anything. Fuck those faggots. The best way to make money in this market is by copying SPACE ALIEN MAGICIANS (SAM) — sitting obediently inside Exodus and waiting for fresh fish.

More or less, I am trading in and out of complete fucking shit. My Quant, which is STACKED with “the best stocks”, moved higher by 1.7% today — but it’s down 5.8% for the month, whereas my self directed is +13%. Should I, dare I say, sell out of the Quant and do it all myself? Perhaps. But the whole fucking point of the Quant is to market perform on days like today — asshole +0.25% trading gains boosted by quantitative greatness.

Bottom line: go fuck yourself. Also, I am getting space stomped by a female trader on Twitter, with a vote count off the charts in comparison to the other faggots partaking. What is this poll? That is a poll of assholes, attempting to feeeeeel important. But seriously, I hate all of you and hope you lose all of your money tomorrow.

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