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.
I tried really hard to make it happen. Others inside Exodus, actual bastards, made grandiose gains today — some as high as 1,000bps. These people are to be burned at the stake tonight, during this evenings festivities at the iBC Grande Druid Lodge. Invitations will be sent via encrypted DMs.
I ended the day with 55% cash, an array of cannabis and oil stocks — today’s beneficiaries of hot money. The theme has been Biden — and pot is something that will burn higher (sorry, had to) should he squirrel himself into the Presidency.
Lastly, I am not particularly certain we’ll gap higher tomorrow, so I have a 2x sized SQQQ position in case of eventualities.
I shed 1.38% for the day, still higher by 8.5% for the week.
Not too long ago — Le Fly presided over a team of like minded greedy bastards, professionally managing money — taking down $10m positions for sport. Since I decided to leave money management 3 years ago, I have become a FULL TIME blogger — newswire fuckhead on Twitter, and SHIT STOCK TRADER inside of the godly confines of Exodus — where all fine men with top hats and monocles cavort to discuss life and equities.
I don’t know how exactly I’ve come to this place — day trader extraordinaire. I sometimes find myself fighting with people on Twitter, when in reality I’d spare my spit from their face for fear of dehydration. Such are the pangs and gyrations of life — moving fast throughout the time-space continuum — cascading in a never ending spiral towards death.
As you could deduce, I have yet to extricate myself from the morning grave. Things are, more or less, the same — a morose circumstance only buttressed by the idea of hope. This hope is seeded in a long and RICH history of wanton success — bravery under fire — the innate and very natural ability to win.
I am a man, such as this.
As we draw slowly towards the close and the markets do what markets do, find solace in knowing there are men out there — the best amongst us — like Le Fly attempting to do something great — such as trade SHIT STOCKS with like minded aristocrats in a trading room, not because they need money or even like it, but because they can.
I got bogged out in a sundry of stocks this morning, all thanks and praise to the stock Gods for that. I stand before you a somewhat injured lion — resting peacefully in the sun, blending in with the tall straw grass — haphazardly hunting for a stupid zebra to cross my path.
I sold everything but 3 stocks to lock in a 1.65% loss and will now attempt to dig myself the fuck out via smart trades. So far, my fucking trades have proved out to be insipid; but I’m hopeful in my god given abilities to shine through by the end of day — enabling me to jump onto a zebra and bite his fucking face off.
NASDAQ is +55 and everything about this tape is disgusting. I truly hope all of you are punished for the wanton acts of greed you display — sucking Federal Reserve dick. I, on the other hand, merely placehold myself into this foray and will, at some point, extricate myself in order to bet against a forlorn America. I want to be levered 1,000x SHORT the broader indices when this piece of shit falls apart — heaving over from the weight of its own excess and burning into the sewers. I know, I have anger issues.
One thing of note today, BLM related stocks are power washing higher — CARV, BYFC, UONE — even the “Amazon of Africa” JMIA is pressing higher. I am long the latter, not because I am in any way bullish on Africa, but because I’d like to support German owned businesses in Africa because of their efficiencies in getting things done.
I’ve also begun to short the NASDAQ — because fuck the NASDAQ.
Back when Mitt Romney tried up unseat Barack the Builder, we played coal companies and banked coin. Back in 2000, before the idiot Bush won, we played military stocks and won. This election cycle is easy to play: get long renewables, electric cars — more specifically solar and alt energy.
These stocks continue to rip higher on a daily basis, because Biden intends to spend money there.
In Stocklabs (sign up for coming beta trials) I have a custom index that points to all Biden plays. Composite gains are in the 100% range over 1 mo.
Will the pace quicken or slacken into the coming weeks? I suspect we are at or near the top end of the degenerate Bollinger band, so expect a sharp turn lower soon. If Trump gains in the polls, these stocks are going to be shot dead. I am talking about PLUG, RUN, JKS, and the gang. However, you can probably buy on dips into the eve of the election. After the election, stay away. Buy the rumor, sell the news. These stocks will be destroyed, amidst plumes of radioactive smoke, post election.
I closed out the day +540bps, about 55% cash — closed out 60 trades, mostly winners. I did miss a few gigantic runs, like IO — closed out for a +13.4% gain only to bear witness to it soar another 35% in the AHs. But that’s the market we have and nothing is like it.
If you want to learn to trade — you’ve come to the wrong fucking blog. But if you prefer to sit fat and sloppily in your chair whilst being fed copious servings of fresh fish directly out of Poseidon’s ass, come visit us in Exodus — the world’s greatest trading room and data platform for traders with big dicks.
About noon today, October the 7th, 2020, I moved my trading account to 100% cash. My quant is still 100% long and pressing gains of 2.6% for the session. I conducted numerous trading operations today and closed out everything +400bps. I did so, not because I had to or even wanted to, but because I could.
See pal, there are two types of people out there: men who trade out of necessity and those who trade for the sport of the kill.
I have since replenished my body with ample sustenance and beverage, walked the FUCKING DOGS, and will now head out into the wilderness again to fish. I will fish with my harpoon and catch whales — eating them raw, fresh out from the sea with my bare teeth.
Other than that, life is unbelievable. The country is in hell and I am thriving like never before, as I should.
Markets are thru the roof, up 450 Dow points and Le Fly, as he’s popularly known in France, will now double his gains for the day.
I stepped into today a supreme winner. As you read upon this blog entry, the 20,591st blog entry in the history of iBankCoin — let me remind you that I am, in fact, the most prolific finance blogger in America. In addition to that, I am, in fact, the only person in the world with a time machine — from which my trades are all derived — free from the deleterious scrutiny of the very evil SEC.
I was 80% cash at the open — but I had a massive runner in SPI — a 2x cock-sized position and I sold it for an 11% gain. Since then, seeing the markets run like freed slaves, I’ve been partaking in wanton acts of chicanery — trading this or that, gains here, gains there. Literally, nothing can stop me.
For the day, thus far, I am up an astounding 300bps.
How did I do it?
Time machine.
That’s all there is to it folks. Hop in the machine, travel to the future. Come back and trade.
Let’s start with the fact that I traded 61 times today. At the highs, I was up 275bps. Then I got cocky and began to trade sloppily, booking several consecutive losses — reducing gains to about 150bps. I then entered into a very hot stock — SUNW and booked a fast loss, only to see it spike immediately after I sold. That happened last week, same stock, just before my slump.
Then I progressed upon an even hotter stock, ELSE — picked up early by a member inside Exodus. I stepped in low $5s and saw it sink into the high 4s, down 15% from my basis. I was hungry and the stock was whip-sawing all around, so I sold it based upon my lack of desire to babysit it.
Naturally, the stock went on a banana run to $8.5 immediately after I sold it. I got back to the desk and felt like crying and also punching a hole thru the screen. Why does thou mock me, Mother Market — bitch-whore?
Then all of a sudden, Emperor Trump told Pelosi to fuck herself — declaring the stimulus DEAD.
Nancy Pelosi is asking for $2.4 Trillion Dollars to bailout poorly run, high crime, Democrat States, money that is in no way related to COVID-19. We made a very generous offer of $1.6 Trillion Dollars and, as usual, she is not negotiating in good faith. I am rejecting their…
…@senatemajldr Mitch McConnell not to delay, but to instead focus full time on approving my outstanding nominee to the United States Supreme Court, Amy Coney Barrett. Our Economy is doing very well. The Stock Market is at record levels, JOBS and unemployment…
Markets COLLAPSED -400 and my positions began to reel in earnest. I had been 60% cash, so exposure was low. My profits dissipated and losses quickly took on, sending me down 150bps. I then decided to Kamikazi a trade in OPTT — doubling down as the position nailed me to a cross -17%. Luckily, we got a bounce OFF THE LOWS and I was able to sell for a 1% gain. I then took two more trades — WWR for a fast 8% gain, inside 2mins, and I doubled down in SPI — which I still own now.
The net result, like a don, I ended up 50bps, peering down on quantitative accounts that got flummoxed today.
In the short term, higher rates is inflationary and good for banks — which is why you’re seeing banks rally like tech stocks the past two days.
As crazy as this sounds, this is the final salvo to normalize things again. Rates will, at some point, rise to 1.00% on the 10yr, and as the economy improves — edge even higher. I suspect none of this will matter until we reach 1.1%. Then people will begin to worry about their dividend paying stocks and you might see people moving allocations back into bonds.
Markets have sold off viscously from the highs, and I have drawn down from the highs — forced to take some losses. This is part of the game. I am now sitting on intra day gains of 170bps, 75% cash.
One thing of note: WTI is +3.2% again today, further cementing the idea that markets are pricing in normalcy. If I was a betting man, I suspect we’ll see consumer facing brands do well in the coming days.
Good morning plebs. I woke up to a sundry of delicacies and have been eating them ever since. Pardon me as I take a moment to boast over wins.
SONO -5.7%
SWN +5.8%
CLB +5.1%
PE +4.3%
PEIX +5%
CODX +3.9%
SFIX +4%
MOMO +3.1%
SABR +2.44%
AG +1.7%
SPOT +1.6%
Those were my overnight hold. I then took to the tape, like a man with steely courage, and observed a foray of LITHIUM based stocks ripping. This whole recent move has been about ALT ENERGY, due to Biden up in the polls — believe them or not. I also bore witness to some action in the COVID-19 space, so I acted.
My closed day trades.
INO +5.8%
POLA +7.7%
OPTT +8.3%
I have several more simmering on the front burner, all in all +200BPS for the day.
I know what you’re thinking and it’s degenerate.
“If you have all those winners — why are you only +2%?”
Because life isn’t always this good. Just last week I couldn’t find a winner to save my life. Each position is a 5% weighting, which means I aim to make money based off my talent to find a lot of winners and not luck with one or two or three really big winners. Some of you might think this is too conservative, but I love trading too much to ever put myself in a position to get wiped the fuck out. Position sizing is the single most important thing, after limiting losses to max 10%.
Last week I posted I was 100% long into the weekend, lamenting a week of loss. Guess what? I made all of that shit up and almost twice that. I roared 400BPS today — all verified — presently live in front of the Pelicans. I only say that because there is a small minority of you out there who actually think I make this shit up. Fuck your face.
This much I do know — I ended up the week 100% long, fully positioned for an extreme lashing about the face next week.
See pal, this is what happens when Le Fly enters into a trading slump — he punches right the fuck out of it. I executed 34 trades today, many intra-day, like a 9% ripper in CBAT — all designed to BOOST my fucking gains. In comparison, my static quant portfolio only gained 1.7%. It’s fair to say, had I not traded, my gains would be similar. But that’s not the type of person I am, and you know that. I ride fast and without seat belts. If I crash into a wall, I will be consumed by a ball of fire — reduced into dust.
Prospects into tomorrow look great, 90% long — foot firmly stomped down — trading with the avarice of a much younger man.
