INDEUD

Every once in a while I am entitled to boast and show my bravado for a job well done. I positioned into pot stocks sublimely and took my bounty this morning — having sold out from TLRY for a +23% gain, in addition to gains in KERN, NEPT and others. I also took a day trade in AVXL for +15.5% and several others, might I add, for copious returns.

I stand before you completely naked and with rod +360bps for the session, 50% cash.

I had just eaten a smoked salmon on soured dough with dill and lime and feel as if I could punch a hole right thru the face of a rhinoceros.

Ordinary accounts are up in the range of 0 to 1% today, managed by ordinary men doing ordinary things. We of course endeavor for MOAR and trade like the wind, both strong and stout, and never stop until our fingers are bared to the bone and our eyes are bleeding from overuse.

Ethereum is over $1600, a significant milestone from when I started buying last year in the fucking $100s. I haven’t sold a single coin and buy some every month and will continue to do so for another two years.

Markets look fine, especially oil.

For the record, I believe pot is degenerate and degrades anyone who consumes it. Nevertheless, I am a merchant at heart and know when the winds are blowing west. I positioned heartily into POT STOCKS today and believe we’re in the 6th inning of this rally.

Also, markets look good.

Also, Jeff Bezos is stepping down as CEO. Wow.

GOOGL smashed earnings. Remind me why I should be cautious here?

I ended the session +150bps after enduring some early losses. I am quite literally invincible and cannot be stopped. The stock gods favour me more than anyone else and I prove it every single day in Exodus.

GME closed down 60% and I am sorry for those of you who got hoodwinked into believing it would race towards $1000. Nothing lasts forever, not even love or hate. Do not believe people can remain stalwart in the face of greed and lust, all of the worst emotions humans have to offer. GME was a scam and always will be a scam — because their business is antiquated and stupid. Take your lumps and move on like a man — because that’s what men do. We admit when we are defeated and retreat back into our comforts, concocting new plans of attack that will both entertain and enliven us.

All of the meme stocks are getting battered and bruised, as Wall Street offers all of the newly minted market participants a very warm salutation. The narrative today is to be long pot, SAAS, and other traditional “Biden plays”, also some oil and to discard with the short squeezes and of course retarded silver.

This is exponentially healthier for the market. My mother always said “a healthy hedge fund makes a good market.”

We do not want to destroy hedge funds now, not whilst things are going well. That comes later. For now, we want to extract coin from this market and play the breakouts. I am actively trading today, as always, without much headway — but I am eager to succeed and make it work.

I am tempted to buy the silver dip — but I rarely buy dips. The higher probability outcome is for a trend to continue; hence, I spend the balance of my days and nights chasing performance.

My one sacred buy and hold is ETH — and I will not deviate from that position for at least two more years. I also started to buy UNI recently, based upon the emergence of “DEFI” being something people believe is important. Whether it comes to fruition or not is another story. I merely follow what is trending and what might be explosive.

The problem with mobs is they’re lead by the feeble minded, insecure, morons. Ordinary folk get entangled in their passion and begin to believe in their cause, which is almost always rooted in some brand of delusion helped and assisted by a lifetime of Hollywood dramatization consumption.

This whole GME-AMC drama has ended and of course it has ended with the blood and tears of the plebs. I did warn you about Wall Street and how the slavers never lose and have infinite ways to get you. But in this case, they were 100% right. It matters what a company is worth and it matters when a stock jumps 10x in a week because of a short squeeze. What goes up will come down and now it’s all in ruins, both GME and AMC off by 50-60%.

I hoped you learned a good lesson and if you’re new to trading, stick around — there’s much to do and learn — but it’s never very easy.

What the hedge funds want they will get. In return for your blood, they will grant you limitless gains in the market. Today you bore witness to a ruse — plebs stormed the beaches of Normandy and got nuclear bombed — as GME sank lower into oblivion — off by 30%.

Simultaneously, the NASDAQ charged ahead by 330. There is a lesson to learn from all this — but some of you are too dense to understand it — even when I yell and curse at you.

Which brings me to my next conclusion.

You can attempt to be a really great trader for the rest of your life. You can read books and take classes, and join online reading clubs and pretend to understand the inner-secrets of how to be successful. You can do this for the next 100 lifetimes, reincarnated and back over and over — practicing really hard to be great. You will never be as good as I am now. That is the simple unvarnished fact.

Do yourselves a favor and cease your attempts to fish in the cold ocean waters. A shark is only going to pop up onto your boat, eat you and the pole and the whole fucking boat. Wouldn’t it be better to sit inside of the confines of a fine seafood eatery and simply eat fish?

Everyone is afraid to get squeezed and Melvin’d out of this fucking market. Hence the play is, not necessarily GME or AMC — but anything else heavily shorted on the move higher. That is the operative condition: MOVING HIGHER. Short squeezes do not occur whilst a stock is barreling lower.

I started off the day lower by 70bps and now I am +150bps. I am playing one short squeeze after the next. The criteria is simple: stocks with 20%+ of their float sold short, technically strong, higher by 4%+ for the day. I am not looking for tomorrow’s winners — I am looking for that shit to move right now.

All of these tools are available in Exodus and our members discuss these ideas regularly. However, in the event that you are poor and do not know where to begin — do not begin at the top of the upside-down pyramid and instead look towards the future. The GME die has been cast. But if you were a hedge fund manager now, seeing Melvin Capital down 53% in Jan thanks to GME and seeing the unpredictability of social media adopting a meme and running with it — wouldn’t you cover your big shorts too?

It’s all coming together now. We have come full circle and we’re all gold and silver bugs again — HARD CURRENCY MEN who prefer the feel of metal in our hands than filthy fiat. The GME saga will soon be concluding, as mom and pops get fucking fleeced, as the stock cascades lower en route to $10. Meanwhile, silver is up 10% because Reddit likes it.

Remind me when I’m supposed to listen to these people.

In the morning I had to sell my inverse ETFs. I was wrong on the trade, so I move on. I did several things thus far.

Made my monthly allocation into ETH
Liquidated by Quant for Jan to be replaced by Feb. I made +6.1% for the month.
And I made my monthly allocations into my dollar cost average account, equal weighted amongst 10 stocks.

As for my trading, 60% cash, trying a little of this and a little of that. I’m down a little so far, but I haven’t even warmed up.

Markets look fine, nothing really notable aside from silver and biotech breaking higher. I might buy into some silver, but later on today.

Day trade it and have fun doing it. Keep your risk limited to 10% downside. But don’t you fucking dare buy in at any price in the hundreds and imagine you’re making a wise decision. During manias like this, the plebs always get fleeced at the top — the point at which marketing is most pervasive. Ordinary people like firemen and secretaries are now barreling in headfirst into this “squeeze” because it has been deemed as cool by morons who think they can win and guillotine the elite.

This narrative has been playing out for thousands of years. Identify the trends and realize that this new game is actually quite old and you’ll be back in the fields being a good serf in no time at all, if you’re not careful. We had a nice market going and now it’s going to hell because MUH SHORTSQUEEZE and all this populism sweeping the market. Now they want to squeeze silver and I applaud any and all efforts to afflict damage to the slavers. But color me skeptical in your ability to pull it off — having seen this story and its ending play out with the same conclusion each and every time.

GME is not a buy at $330. It can of course squeeze higher and the stock might even triple from here. But you’d have to posses balls of stone to hold or buy here. I can think of 1 millions better things to do other than this. But if you’re hellbent on it and need a way to gain exposure, you can do it via ETF RETL, which is 11.5% weighted GME.

Good luck and be careful out there — for the slavers are presently scheming on how to end the revolt, redouble your shackles, and place you back into the fields.

First let me start off by boasting about my gains — up 66.48% for the month — the single best start to a new year I have ever had. I attribute my success to the audacity of this tape, a sublime cocktail of stupidity and bravery in the face of overwhelming odds. Populism has never worked. People keep falling for its toxic allure. Nevertheless, here we are gracing submentals from Reddit with social credits for “breaking” hedge funds by gunning up GME to levels that are not only inane, but utterly stupid.

I get it: fuck the man. Get shorty. DOWN WITH THE SLAVERS — CUT OFF THEIR HEADS AND RIPS OUT THEIR LUNGS.

However, we had a good thing going — trading Biden stocks and Tesla and now it’s all ruined — because morons don’t know when to stop. We can’t have good things. We can never have good things.

Congratulations on your GME squeeze — as the market descends into a fiery pit of hell, bringing forth centaurs onto the earth’s crust who will then stampede over our heads and rape markets with their rods. I hate the GME people now, only because of two reasons.

1. I am not long GME, so their successes mean nothing to me. As a matter of fact, I’d like to see them zero out.

2. THEY’VE CREATED BLACKHOLES in the market that is sucking all of the liquidity out.

For the love of all that is holy, brokerage firms have restricted purchases of numerous stocks to just 1 share now.

ROBINHOOD REVEALS ABSURD SHARE LIMITS ON NUMBER OF STOCKS — 1 SHARE OF $AMD FOR EXAMPLE pic.twitter.com/1kA9Ud5YQd

— The_Real_Fly (@The_Real_Fly) January 29, 2021

There is in fact a storm brewing and we have GME to thank for it. This isn’t a grand conspiracy to assist poor old billionaire hedge funds. Online brokerage don’t give a fuck about that. They’re suffering from liquidity issues — probably because 100,000 misfits went NEGATIVE $5m in their naked calls attempting to time a top in GME or AMC.

What more can I say other than to allude to the fact that we were already gravely overbought and now there is a catalyst for fires. You will rue the day you praised the sub-90 IQ creatures from WSB — a denizen of inequity that I know well indeed — having been a mod there. I left hating all of them and I hate them still.

I ended the session net short.

The short squeeze is back on after Robinhood folded a little and permitted plebs to buy. There are a lot of narratives being tossed around this morning but I want to make something indelibly clear to the readers of IBC.

THE EASY MONEY has been made in the squeezes. The writing is on the wall. I’d avoid those stocks like the plague. It simply isn’t worth it, being a revolutionary and all like a retard whilst trading stocks. My only goal is to make money, not to destroy the financial system as we know it.

Having said that, I am seeing a trend in metals today, especially junior miners. Also, DOGE coin has a surreal run last night and both BTC and ETH are taking off.

On this Friday, you want to be long crypto derivative stocks and miners. Avoid GME, AMC, BBBY like the plague, imo.