BOGGED BY BANANAS

At around 3pm my wife happens upon me with a question “do you love us?” Without thinking, I said “yes” and then found myself in an inexorable situation as an active volunteer en route for a bag of bananas. I had been trading well, but not great. I managed to twist and turn myself into a profit of 35bps before heading out to Whole Foods.

When I returned home, as I took the paper bags out from the trunk — two of them gave way and I had to scramble and pick up the items off the floor before concrete variant of COVID-19 permeated the packaging of my provisions. My wife entreated me with an AVOCADO toast, topped with bean sprouts, which I hate. I turned on the PC to the horrors of loss — down 15bps I was and still am and I woefully regret heading out for a bag of bananas. I know that had I been here to overlook each and every tick without pause, I would have made sure that I profited for the day.

Instead, I boast of nothing but stupidity largess — barreled and assed into the close — fat slow greasy and avocado’d.

TREAT YO SELF to some steel lads. The market is a meaningless vehicle of greed and fear, whereby the participants are lured into life destroying gambits for a chance to make eeeet. The long term specter of compounding returns is something that is considered hateful to many young and enterprising FUCKED FOR FACES, who’d rather “YOLO” with their “DIAMOND HANDS” all the way back to the housing tenements.

While it’s true, one could make a terrific sum of money in a rip-roaring tape — this is not that and if you’re reading me nodding your head — it is because you’re not very good yet and haven’t figured out how to extricate your balls from your brains. I wrote two short books about this ordeal –back when ancient Fly was in his 20s — a swashbuckling broker in NYC trying to make eeet. I did until I didn’t and then I was fucked until I wasn’t. It really is a never-ending cycle of boom and bust up until the point you realize, dare I say, the winners have already been chosen and the rest of us are simply here to mop up the crumbs. One can find great equanimity with accepting this fate. One could enjoy a long fruitful life, if one eschews the pleasures of grandiose materialism promoted by scum and also forgoes degeneracy on a wanton scale. Many of you are unable to do this — due to your programming. You’re weak and lack discipline and need things to feeeeeel better and you also just want to fit in.

Confidence is a very fragile thing and often the people who exert it most are the one’s most susceptible to drawdowns and depression. As traders, it’s imperative we remain stable and happy, or at least not sullen — because trading is a mood sport and once your mood sours the gloom takes over and it makes you trade poorly. The best way to stay happy whilst trading is to plan ahead, which means position sizing and taking very fast losses and never being in a position where one has to stare at the screen in the hopes your prayers would be answered by some greedy goblin God who gives a shit about whether or not you can afford a new Porsche Cayenne. Sell fast, even faster when your ideas don’t work.

I’m +45bps early going, 85% cash.

I don’t give a fuck what the Fed is doing — as long as people are without stimulus checks — inflation is a phantom. We will and we shall REVERT back to deflationary times after supply chains normalize, most likely early 2022. Naturally this could be extended if we lockdown again and MOAR stimmy checks are mailed to the poorest dumb motherfuckers who’ve ever walked this earth.

I gained 2.13% today, thanks in part to a large mammoth styled run in Chinese stocks. I played them and I continue to be long into tomorrow’s blades. I do not give a shit about risk, since I am attempting to turn around my months from an otherwise moribund and disgusting showing, +3.5%. If I am to trade and trade well, I would kill myself before only booking 3.5% monthly returns. I do not do this everyday for a little bit of fucking money. I want a lot of bit of a fucking money and I will not apologize for my greed.

The NASDAQ was +100 and we all feeeeeel good again. I cannot commit to a feeling now, other than to suggest rather emphatically — keep buying Ethereum.

Ciao.

All of the Chinese Burritos are running HOT AS FUCK this morning following a week of collapse. They’ve all fallen 66.6% and now they’re bouncing. I took this opportune to ingratiate myself with money and now stand before you +165bps. I am not boasting, since I got ass-hammered yesterday. I am merely stating facts.

Facts are, I am a GIGANTIC pussy now, 90% cash, gazing into the market through yellow lenses. I’d step in for some more action, if it weren’t for the indelible fact this MARKET FUCKING SUCKS. There, I said it. It’s rotten and no god damned good. You can bore yourselves to death or plunge lower in momo stocks — up to you entirely.

I like my chances sniping some more Chi-com trades and think I’ll do that. More later.

I thought I was going to make it — had it all figured out. Little did I know, the VAX plays were only up into the CDC meeting regarding mask recommendations. As such, I ended up WORSENING my losses by 120bps and closed out the session 52% cash, -3.1%. This is significant because now my MTD gains are 1% and I now face the specter of losing money for the first time in 10 months.

Can I avert this disaster?

I do not think so.

I find myself challenged by this tape. Even on up days my gains are never RIBALD, always genteel. I have been drifting into and out of this tape, thanks mostly to the absence of true momentum. The era of Biden EV/Solar plays is over. We get nothing but mega cap rallies, followed by intermittent spikes in crypto and COVID related plays. The idea of doing this forever, in exactly this manner, is revolting.

I took a doubled sized position in a Chinese EDU play GOTU — because I am being reckless and almost desperate to improve upon today’s dreadful session.

Market is shit except for these COVID plays, reminiscent of early 2020 when the good folks inside of Exodus aka Stocklabs made large fortunes betting on the demise of its fellow citizenry.

Plainly, you might want to ingratiate yourselves with shares of drug and mask makers, companies shilling nonsense in order to buck their stocks higher. I am presently long APT, CODX and AHPI — but might expand upon that into the close. The idea here is to maximize profits as the scourge runs rampant and people with vaccines soon realize they aren’t any safer than a small birds inside of the cage trapped with a feline.

We tried to stave off calamity as long as we could — but now the ball is rolling downhill and there is nothing more to do other than get out of the way. I took heinous losses for the session, down 1.9% — but agreeably went to 80% cash and now I am in view only mode, as I watch utilities and REITs outperform in a market menaced by the great COVID scare. It’s going to get you, one way or another. Fat people on suicide watch. Persons with diabetes best to hide inside of their closets. People who have NOT vaccinated but have taken to social media to be ANTI-VAXX should be frightened — for the karmic Gods work in ironic ways. Next thing you know, Le Fly is dead from COVID.

On my death bed, my last words into a CNN mic will be “your mother’s cunt.” I am fully prepared to perish in the COVID fires and also take scores of elderly with me. The notion of a vaccine into my bloodstream is something quite foreign to me. As a baby I took vaccines — but I shall never take one as an adult. However, I would strongly consider it, for example, should the BLACK FUNGUS start to spread. I do not care what the vaccine looks like — I am likely to inject myself with it in order to stave off the Black Fungus.

To put it plainly, me not taking the vaccine for COVID is like not wanting to wear a helmet whilst cycling. Sure, it might be a good idea — but it sucks and there isn’t a lot of traffic around here and I am quite convinced I can survive the bicycle without splitting my brain in half.

Markets are doomed — but there might be an opportunity to play some COVID related stocks. I am starting the day late and need time to settle the fuck in.

What is your goal holding ETH or BTC? Is it cap gains — get rich quick? If so, you might be waiting a long time to realize those goals. My exposure to ETH is and always has been a hedge against the US dollar — a place to store value in case our $25 trillion in debt ever blew up or something occurred in the world that caused fiat currencies to fall out of favor. Under this thought process — the daily fluctuations of cryptos are completely meaningless and do not affect me at all. Granted, back in May it was very interesting to see all of the shit-coins and admittedly I was ensnared to trade some of them. But shortly after the initial drop, I sold them all and just held ETH — because it is my believe, at some point during my life, it will come in handy.

In the after hours cryptos are dropping on news Amazon does not plan to accept Bitcoin. Ok — and why is that relevant? BTC never needed Amazon adoption, so why do we care now?

The market traded fine today, if a little lazy and slow. There are electric moves happening in crypto derivative stocks and Chinese Burritos. Other than that, I like inflation sensitive materials and miners.

I ended the session +40bps, down from a session high of 72bps — thanks to a poor trade. I ended up with 34% cash and a decent blend of risk and risk off stocks to take me into tomorrow without much concern.

Today’s hot plays are in crypto derivative stocks like SINO, MSTR, TKAT, OCG, GRNQ and many other chi-com names that have been drilled — like NCTY. These narrative shifts often confuse and confound but if timed right can be incredibly enjoyable.

I am attempting to catch a wave, but the big winner has escaped me and I find myself maliciously slow in trading and methodical to the point of boredom in the face of 50% rippers. My risk tolerance, dare I say, has abated and I am more interested in preservation of capital than pressing my +220% YTD gains.

All of these squeezes, at least recently, have been short lived so there isn’t a reason to hold longer than a few hours or at most a day.

We are in a permanent state of fuckery. COVID will never leave us and the vaccine does not work. With that said, endeavor to avoid the black pill and instead work towards progress in the face of unbelievable chicanery.

Into the final hours, I am of course bullish.

I started the day in ruins, down 120bps, but traded my way all the way back to green via Chinese Burritos — all down miserably after Chinese authorities cracked down on a sundry of businesses like true Marxist edge lords. I have since sold all of them and removed myself from the market with just 1 stock remaining, +55bps for the day.

I do consider +55bps a “gentleman’s return” and might forgo any other entrances into the market today, for fear of making too much and coming across as “ribald”. On the topic of Chinese stocks, this is a classic bounce and I am sure many made money. I would remind you however to be careful, for these stocks are like little time bombs waiting to detonate inside of your portfolios.

If you must, look for one’s down 5% for the session near session highs, which is what I did and you can do inside of Stocklabs. Since 2008, I have quarantined all Chinese stocks into one industry called “Chinese Burritos” for exactly this scenario. You might not remember because you’re young and ignorant but once upon a time Chinese companies with wrought with financial scandal, hiring nefarious accountants to lie and cheat and also steal.

Into the mid morning session, I expect things to slow down. If I were you, I’d slow down too and enjoy the warm climes — perhaps take some sun onto your ugly faces and revel in the glory of our dystopia.