Closed Out the Week a Profound Loser

I was the Roger Stone of Wall Street this week, attention whoring and boasting around with flamboyant colors, only to be unceremoniously dispatched in the middle of the night — assets seized, pride dented good and plenty like a speeding hardball into the fender of your bullshit Toyota.

I traded to and fro. After I did that, I did it again. Every turn I tried to make was wrong — ending up in a surprise Jack in the Box knife to my fucking face.

Did I deserve this treatment?

Yes, and much more.

When you’re wrong, you should pay the price. Some pay it with their blood, others with money. Either way, losers will pay, always and severely.

I could bargain on about how this too shall pass and how I’ll get back into the swing of things next week and really knock out the competition. Truthfully, I hope I lose again and again and again and again — until there’s nothing left. Sadly, that is not likely to occur. My affliction is this roach-like persistence to prosper — always riding out the bad times into the sunset of the good. Those days are often coupled with a schizo like frenzied happiness that spills out sloppily onto the blog with tales of space exploration, large dicked gains, time travel, and defeating my many “enemies” until their bones are broken into dust — all showcased with headline photos of statues and exposed genitalia.

I really should see someone about my issues.

Off to wolf down a few cookies and then hop on a call.

Ciao.

I was pulled and thrashed, my weave drawn and yanked into the streets — where I was curb stomped with a mean spirited heave. Selling DRIP and SQQQ was like lifting a weight from around my neck. It was causing me to be angry and greedy. My losses on both positions, each 5% of my overall trading account, was ~8%.

Replacing it, and much more, is the following.

$COUP, $SSNC . $MNK, $INCY, $W, $SEND

Why am I chasing here? What if I’m wrong?

Well, I’ve been wrong plenty of times in my life. I started off wrong, born into the wrong family, in the wrong time period, in there wrong neighborhood, went to the wrong schools and so on and so forth. I’m accustomed to loss, and even expect it. Persevering it what I do best — dealing with the pangs of defeat and punching it directly into its jaw — shattering it to one thousand pieces of bone.

I’m now 70% long in my trading account — 100% long in Quant. I’ve been 100% long in quant forever — and it’s +5% this month, whilst deployed fully defensive in value stocks. The balance of my cash will be used, perhaps errantly, to buy more next week.

I’m looking for a minimum upside in the QQQs of $170, maximum of $175.

This is the new narrative, fucked for brains. The old adage that stocks can’t bottom on Fridays due to a technical malady has been tossed idly into the river and out from it non-stop rallies. One could very easily bargain for prices on Thursday and simply sell them on Friday for free and easy money.

It appears another Trumpster, Roger Stone, has been thrown into the dumpster. If you’re reading this, and also American, take heed to the actors in the movie Bird Box and do not dare gaze at our government officials and never, under any circumstances talk about them. You’re offered zero safe quarter and will, most certainly, become a target for an expeditious de-platforming and imprisonment.

Nowadays, Le Fly ignorantly sashays throughout the markets in a most humorous and clownish demeanor, carefully crafting, in the most artistic of ways, a profile that is both pleasing and entertaining for our overlords.

People look up to The Fly for leadership and qualitative analysis, stock picks bestowed down from the heavens, dispatching the garrulous canaille into the third rail of public opinion — executing enemies with a frenzied malice from which the world has never seen. After I’m finished with my 40 ounce of malted liquor, I intend to crack the bottle over your heads — leave this place a victorious gentleman — whilst profusely drawing from my estate pipe packed with high quality Cavendish.

On this delightful Friday, hailing from a strategically important area of the country, Le Fly bids you a good morning and a most profitable occasion in the equity parlours — fucked faces.

Anyone surprised by two entitled fucked for brains, Trump and Ross, the dynamic duo, displaying a shocking lack of awareness of how the normal folk function? This isn’t really an affront upon these two chaps, who are merely byproducts of their decadent nests that 99% of elites in this country share. The only difference between Trump and someone like Warren Buffett, is a level of narcism that is so great, it’s almost admirable.

And here were the comments from Ross earlier today.

Now I’ve heard many people poke fun at the 800,000 Federal workers for being without pay and frankly that’s just mean spirited. Most are just doing their fucking job, even though we despise them for it. The point is, Trump and Pelosi shouldn’t be playing games with the lives of their underlings. If Trump can’t get funding for the wall, it’s because he played his cards wrong and fucked himself. If he was serious about the god damned well, he would have ordered it built on day one of his administration. Instead, he was dicking around for two years, fucking with the retards in the media and having jerk off contests with N. Korea and China.

If the wall is not built, it is because Trump failed as a negotiator to get it done. Not formidable enough.

I bought UXIN, based upon the theory that Chinese stocks are in the midst of an uncontrollable rage up. I’ll close out the day 50% cash, damaged by the early SOXS debacle, but eagerly optimistic about my future with these fucking Chinese stocks.

I own BILI, PDD, TME, and now UXIN.

The other stock I bought was TLRY and that’s all there is to it.

I’ll hold onto SQQQ and DRIP, for now — in the event of a drop. A lot of weird events transpiring now, which lends to more confusion and could end up fucking a lot of traders trying to place a strong bias with their trades. It seems to me, as we butt up against resistance, but firmly strong, the best option is to trade lightly and with the heart of a coward.

Good day.

This is going to be great. It will be a stick vs stick campaign, both parties jimmying to fuck a subset of the country with zero interest in the lives of beloved Wall Street.

Consider the following narrative.

Vs

If you thought 2016 was a tough year for investors — you haven’t seen anything yet.

Plus there’s this.

In theory, I should not care about FUCKHEADS worth more than $50m getting taxed.

However, the problem being punitive with the very rich is that it aligns you with the poor, who produce zilch. This economy is a trickle down scheme. Nothing of value is produced from the plebs and it’s important that you remember that for the rest of your lives. All you get from the plebs is murder, rape, and complaints. Some of you grew up with silver spoons lodged up your ass. I grew up with the plebs and can tell you, certainly, it’s better to be with the rich.

Now the super rich are another animal. Fuck those guys.

Nevertheless, the battle lines are being drawn and it doesn’t look friendly for the regular Joe Schmo stock trader.

This is what you call a ‘lateral move.’

I went long BILI, PDD, TME, and TLRY. The one thing those stocks have in common is they’re not correlated closely to the whims of the market. The idea, profit whilst everyone else perishes. This is my mission in life.

I still hold ZUO, PG, DRIP, and SQQQ.

In truth, I don’t think Wilbur is neither an imbecile nor a moron. I just like to place his picture on the site with the words above it. It makes me laugh. He statements are, in my estimation, a byproduct of being old AF. I believe Wilbur was born nearly 100 years ago. Therefore, and this goes without saying, he’s entitled to say and do whatever he god damn wants.

You getting mad at him is tantamount to getting mad at Grandma for slapping the cat for jumping on the table during dinner. That cat had it coming, and so does America for having good old Wilbur in charge of something important.

I closed out my SOXS trade today, for a loss of 14%. This is the second double digit loss for the week. Why, if I keep this up… I might go broke by the time I am 65 (extra Orson Welles).

Oil up, HYG up, tech up — markets rolling higher. My DRIP and SQQQ positions will not last the day.

What else can I say? Wilbur is being honest and we don’t like that. We want to hear nice things and ideas that are aspirational. Futures dipped on these comments.

Commerce Secretary Wilbur Ross said Thursday the U.S. is “miles and miles” from a trade deal with China.

“Frankly, that shouldn’t be too surprising,” Ross said in a “Squawk Box” interview. The U.S. and China have “lots and lots of issues,” Ross continued, and the Trump administration will need to create “structural reforms” and “penalties” in order to resume trade relations with Beijing.

“We would like to make a deal but it has to be a deal that will work for both parties,” he said. “We’re miles and miles from getting a resolution.”

Watch oil, bonds, HYG.

Some of you are still salty AF because of my post about trading and how it’s an idiots guide towards a lot of nothing and misery and pain. Deal with it, fucker.

Case in point: I’m a pretty smart guy. I know this because, in most professional scenarios, I’m the guy the other experts come to for advice. Yesterday, again, I fucked myself in a 3x ETF, thinking it was a lay up trade because MUH Apple warned so logic dictated so should the semis.

WRONG.

Both Xilinx and Lam crushed numbers, and with it my SOXS position.

In the pre-market, here is the pin action now.

XLNX +10.5%, SLM +9.2%, STM +8.9%, TXT +8.8%, AZPN +7.1%, LRCX +6.4%, AAL +5.8%, TAL +5.7%, JBLU +4.9%, URI +4.3%, TER +4%, ADTN +3.5%, LUV +3.4%, CCI +2.3%, VAR +2.2%, RCI +2.2%, CMRE +2.1%, TXN +1.7%, CP +1.3%, AEP +0.6%, F +0.4%

Select semiconductor related names showing strength:
AMAT +4%, MU +3.6%, ICHR +3%, NVDA +2.8%, WDC +2.5%, SMH +2.5%, KLAC +2.4%, SOXX +2.3%, AMD +2.3%, CY +2%, MXIM +1.9%, AVGO +1.8%

Can I glean from this a teachable moment? Nope, I haven’t learned a damned thing from this and it will not change my behavior one bit. These are the risks associated with trading. Now I could’ve went long, or even held onto the SOXL trade that I had the other day — but given the weakness in the tape, heading into earnings in what were supposed to be weak, I viewed it in a negative light. Now I know. The world isn’t falling. Even though the sky was falling last month and Apple warned, the world keeps jogging on and others are managing just fine.

It was a 5% position and it’ll likely be closed out today. I move on, like a hungry locust purveying delicious rich crops below.

ROSS: U.S., CHINA `MILES AND MILES' AWAY FROM TRADE RESOLUTION

— zerohedge (@zerohedge) January 24, 2019