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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.

Health Passes Are the Way of the Future, the Way of the Future

Can you imagine having to go to work with people unvaxxed? This is the thing most good Americans are worrying about now. The specter of breathing in the same air as someone carrying COVID-19 is reprehensible and cannot be permitted.

INTRODUCING HEATH PASS, by Clear Me (ticker: $YOU)

Companies can now upload your VAXX status onto the web, enabling digital pass aka vaccine passports to become a reality. Gone are the days when you had to laminate your paper vaccine cards like a homeless loser. Now your vaccine passport can go to the cloud, like in heaven, just like so many other MRNA patriots.

In this post COVID world companies and municipalities will DEMAND health passes and I do not know of a better pure play than $YOU.

Aside from CELH and NVAX, YOU is my favorite long term play for this wonderful and healthy brave new world we’re in today.

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A Reasonable Rampage into the Close

SPY closed at record highs, whilst the pennies got lit up again for -1.4%. I did warn you back in February that 2021 was going to be a dreadful year for those whose heads were stuck in drainage pipes. You’re continuing to get cleaned out and nothing will stop it, unless you adjust.

This doesn’t mean stop trading small caps. All it means is you need to get out of your head that you’re gonna make 10,000% in an options contract by applying “diamond hands” to your investments. Trade and trade well and do so with discipline.

5% position sizes.
Max drawdowns of 10%, but honestly a lot smaller than that if you’re serious about day trading.
Impose the will of the markets onto your investments, not your feeeeeelings. There is no such thing as gut feelings, only facts.
Lastly, if you have a system that is working — keep using it.

If you do not adhere to the basic tenets laid out above, I 100% guarantee you will blow up one day. If you trade quick and never find yourself in a position of being at the mercy of the market, you too can be a 45 year old blogger one day discussing the many virtues of fast action live trading to an audience of fucking morons.

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Decent Set Up into Ze Close

Strength is concentrated in mega and tera cap. If you’re in smalls and pennies you are fucked. I swapped out my degenerate stocks for old man ones today, taking advantage of KR and a dip in CLX. I also have some longer term ideas that I initiated in my trading and might hold them for awhile. The market is trying to press higher and it might in fact do so.

I am mixed on what to think about crude and commodities. US 10yr is still 1.17% and the idea of run away inflation sans stimulus checks is laughable. I’d look for some sign out of gold to validate my deflationary ideas. Also, the move higher in ETH is over, for now. It was spurred on by the Gary V induced push in NFTs, which for now has abated.

Smart money should be directed towards large companies who are paying dividends in excess of 3%. These are trades, since I believe money can flow there in the event of risk off. Even with a good tape, these are good allocations for anyone looking for yield, which is hard to get now.

Into the final hours, I will manage to do something good. I am down 70bps for the session in trading, up in both trading and YOLO accounts.

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NYC Bans UNVAXXED From Public Venues

When faced with a choice, always remember there aren’t any victims, just volunteers. The city of NY wants to divide people by the medicine they take now. If you disagree with this policy, move out. If difficult to move out, start now and look for employments in a city that isn’t authoritarian. The great thing about America is states rights and mobility.

The idea of having to subject yourself to a vaccine based on “science” for a drug that has not even garnered FDA approval is absurd. You are NOT guaranteed to get COVID, no matter what they say. You do 100% guarantee yourselves for a chance at the fucking vaccine side effect lottery, INCLUDING death. If you’re ok with the dice roll, then go ahead and jab up.

I suspect NYC is the “brave” city to first introduce this law and other cities will soon follow. Imagine owning a small business and having to hassle your customers for their vaccination papers?

Yeah — fuck all of that.

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Proper Meltdown

Full scale collapse into the final hour, solidifying the idea that this market is completely shit. Even ETH is sliding now and there’s little to be said about the virtues of a market that cannot hold its butter.

Nevertheless, because I was a trading machine, I managed a +178bps gain, and over 700bps in my YOLO account — which booked a 3.5% gain in BOIL at the open and was instructed to go all in DRIP at around 2pm. Betting against oil here seems like a good bet, especially with the 10yr bond under 1.2%.

You need to pay attention to that sole metric because it signifies deflation, which is inherently bearish for the commodity super cycle narrative. At some point, barreling into the Fall and looming shutdowns and/or an unhealthy America both physically and spiritually, we’ll likely see sharply lower prices. People keep thinking it but we’ve been held up by the oligarchy — the 100 or so biggest corporations in the world whose fortunes have consolidated and expanded since COVID hit.

You live in an evil world and America is the great big fucking satan. That being said, I’m not interested in living in Little Satans whose economies are subject to whims and tribulations on a scale we here never have to endure. If we cannot fix the problems from positions of no power, we might as well navigate through the fuckery best we can and learn to ignore and accept the world we live in, instead of clamoring for better times born from joyous memories of when the golden age of America meant safety and comfort with food on the table and moral values intact and children playing in the grass without masks.

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PREPARE FOR MELTUP

It looked sketch for bit. The US 10yr has collapsed to 1.17% and WTI is getting its ass hammered. So what, says The Fly. We have NFT stocks to play and to enjoy. As the market turns and burns, we have great opportunities ahead of us. I do not pretend to know something. I only pretend to know all things.

That said, I have taken large positions in the very worst stocks in America, with the full hopes of making it just 1 more trade just 1 more day, as God intended. I could naturally buy “Safe” stocks and live in splendor without the specter of cardiac arrest. But The Fly isn’t interested in a little bit of fun and a little bit of money. I want all the monies.

Into the final hours, I like new IPOs, crypto derivative plays, NFTs etc. All of the very worst stocks to make all of the very best gains, indeud.

Trades, as always, recorded and documented in real time inside Stocklabs — +250bps so far.

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NFTs in Play Again

Ethereum had a monster move over the weekend, likely due to the coincidental craze in NFTs. The notable news was Gary Vaynerchuk stepping in for a crypto punk to the tune of $3.7m. I know, I know. Nevertheless, this purchase has gotten people excited about the space again. With ETH above $2600, I am not complaining.

I am playing the NFT boom in the stock world via TKAT. There are a slew of them to play, such as PLBY, OCG, DLPN and HOFV to name a few. The point here is to catch a wave and move on. Barely anything I trade I am loyal to or believe in a long term time period, with exception to stocks like CELH and YOU.

Early going markets are strong, fairly broad based rally that has potential. I love the fact cryptos are popping and I like the fact Chinese stocks are up alongside NFTs and certain EV stocks. All of the risk on sectors appears to be going, so hopefully we can enjoy a fruitful August as opposed to the very arid and salty July.

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Recapping July: Abysmal Hellscape

Like most things today, the market was in fact abysmal for the month of July — masked of course by mega tech monopolies whose share prices are on auto-pilot to “space.” A brief look under the hood, you will find skeletons of former traders now social media death-traps for plebs who wanted to believe in something.

Even greater detail uncovers what truly happened in July — all moments of glory in momo stocks gone — making room for risk off equities and an acute aversion to growth.

With the AHs spike in cryptos, my gains for July pushed close to 3%. Aside from my innate abilities to identify trends — how did I escape the wrath of a market born from devils and in hell?

It’s simple: I never held anything past 10am. I bought stuff and ripped them out Intra-day for trades and my overnight holds were sold at the open, permitting me to begin anew every day.

The only account I was down in for July was my Quant, which is a buy and hold strategy, one set of purchases on the first of every month based on the Stocklabs algos. My YOLO account simply goes all in on one ETF based on the SL Intelligence algos, which are designed for momentum.

All of the diamond handed troglodytes that were featured gurus in early 2021 are now revealed to be less than cubic zirconia. “The Fly” is an everlasting trust that defies time and gravity, withstood all tests thru time and has risen above all as a beacon of success and prosperity, in spite of the many tribulations that plague him and inordinate obstacles carelessly tossed into his path.

A great man once say “ FISH LESS, EAT MORE FISH.”

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JULY IS IN THE BOOKS — LE FLY FASTENS ANOTHER W INTO THE LEDGER

It was dicey all day for me — but I made it out of July a winner by just 1.7% — an etch that increases my winning streak to 9 months in a row. Like last month, I traded better early on and then gave it up the last two weeks. Heading in August, expect more of the same as we ebb slowly and then right away into lockdown.

I like IPOs, COVID mask plays, and a variety of China and crypto stocks. The market no longer gives a shit about all of the things you cared about in January. This is a different market and if you’re not keeping up with the times — you will lose.

How can you do that best? Join us in Stocklabs you absolute pavement apes.

Ciao

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FUCKED FRIDAY

I was doing fine up until I had a meeting for an hour and my stocks went down — creating an air of FUCKERY in my portfolio. I am down 130bps and I should be up. I deserve better. I an entitled to more.

The market doesn’t seem to give a shit who I am and what I am entitled to, however, and it’s frustrating as fuck to trade in a market that doesn’t really give a shit what’s going on. I am whining and complaining like a little bitch — because that’s what I do when things do not go my way. I lash out and argue with the Gods and curse them for plaguing me with misfortune. I was supposed to enter today with my dick dragging on the floor, ingratiated from the splendor of my genius. Instead, I am RACKED with losses and now find myself with the task of somehow trading out of it in a market without volatility and one that looks rakish as fuck. GOOD LUCK WITH THAT PAL.

There aren’t any narratives to weave into, other than MAYBE COVID lockdown/drug stocks and MAYBE crypto derivative stocks heading into the weekend. Lord knows what can possibly happen over the weekend. Why — we might see ETH melt up to $2500 and then on Monday all of the crypto stocks will prance higher.

If only life were that simple. What is likely to happen is nothing, other than casted gloom and doom filled news stories that barely give light to anything but perhaps a mask play. Get your N95s handy plebs — the COVID is going to run wild this Fall and you’re all gonna be forced inside your homes — tracked by $YOU.

On a side note, long term hold CELH still looks great — as they eat away at Red Bull and MNST.

Off to trade now, then walk the fucking dogs. As sure as I am here now typing, when I go off to walk the dogs, I will be bogged lower again.

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