Watch Cryptos For a Manic Move Higher

I’m exhausted and can’t even think straight, let along cobble together a nicely written blog post for you God damned ingrates.

Thought exercise.

Everyone keeps citing Chinese declining Yuan as proof that the Chinese are partaking in chicanery. Truth is, the drop is likely the result of capital flight, by well heeled Chinese getting the fuck out of the country. Being that 75% of BTC is mined in China (I read that shit online), one has to imagine the underpinnings for BTC to be cock-strong in the face of all that flight.

Recently, cryptos have been behaving well. If you continue to see BTC and others breakout, you will have confirmation that money is being transferred out via cryptos. Hence, you want to get long cryptos and its proxies in the stock market.

BTC has done shit

I am talking OSTK, SIEB, RIOT and others. I’ll get into it tomorrow.

Nite.

So America is sledding rapidly towards perdition, with budget deficits swelling and an aging demographic that is bound to catch up with us and ruin an otherwise fine country filled with occult loving edge lords. There are so many better things to do than worry about budget deficits or the solvency of this slovenly nation. Truth be told, too many of you place energy into this narrative. No matter what you say, nothing will ever change. Generations have come and gone, and still, everything remains as it was before. From the robber barons to the silicon valley FUCKHEADS, back around to the lug nuts in Texas, always know and understand that this is a game you’re not capable of playing.

With that being said, we can disassociate ourselves from their sandbox and simply shadow them and steal all of their money when they’re not looking. I was gifted a unique gift, the ability to detect things quickly, able to read a room, able to pick a fucking stock.

Listen to me now. The cannabis trade isn’t done. This shit is about to head into hyper-drive again, with speed demon dick choppers working at a furious and angry pace, cleaving men from their private parts and discarding them to the side like slabs of pig fat.

I am long NBEV in size, TLRY, NEPT, CGC, and YGYI for the fuck of it. You can try to stop me, but you’ll fail. The stock Gods are nothing compared to the powers vested in me thru the grande lodge of iBankCoin.

Good day to you, Sir.

Look at these gainz. Join Exodus.

I know they’re the vampire squid, very evil, and black, and also greedy — but permit a DJ to preside over America’s leading investment bank? I know, DJ Sol is more than just an EDMFAG; he’s well versed in finance and knows his shit.

So why the fuck is he out there sullying the good name of Goldman with shit like this?

Perhaps this is all part of a greater Machiavellian scheme, to bestow upon America an ordinary lad who enjoy to mix EDM songs for plebs on the weekend. I realize there are limitations to understand the schemes of America’s grand lodges in the short term, as they play a very long, generational game. But fuck DJ Sol and the entire GS board for inserting this into the timeline. I cannot believe I was forced to write about it.

Howdy folks.

I bought some YGYI after a 1,000% run higher — because of the MUH chart. This is another cannabis craze, starring deranged traders in search of fortune. I, for now, remain amongst the sheep, gnawing and braying, eating all of the sweet grass and running in the fields away from the animals with sharper hooves.

I’ll probably get REKT in this fucking thing. Then again, I really don’t give a fuck.

I also doubled up on NBEV, for the heck of it.

The market is going thru a sundry of issues now. While it fetters out what it wants to do, I’ll be here buying perfectly legal and very healthy drugs. The more you smoke, the healthier you get.

I’m already long NBEV, NEPT and TLRY and have now added to CGC.

What wonderful charts!

With CGC, this is a high confidence trade for me. As a matter of fact, should I lose money on this ordeal, I’d be willing to chop my own head off on live television. This is just to show you my level of commitment to the stock game. How many other bloggers are willing to remove one’s head, just to prove a point?

ZERO, I bet.

At any rate, all of my SAAS stocks are lower and I am very sad faced about that. I did sell my TZA hedge for a 2.5% loss and now find myself saddled with 40% cash, 100% confidence in the cannibai drug trade.

UPDATE: I doubled up on NBEV. Cash now 35%.

I know many of you are saddened by this morning’s news — Sears has been shot dead and is now bankrupt. What will America do without the haunted hall of Sears, festooned with bad appliances, ugly clothes, and filthy mattresses? More importantly, once the stores are finally shuddered and closed for good, what will the shopping malls do with the space?

How about laser tag? That’s always a fun thing to do. When my kids were younger and liked to do things, I’d take them to a laser tag place in Jersey and we’d run around like animals for hours — Fly being a sniper and all — making the kill because I was part of a team, an elite squadron of laser tag shooters, and we needed the win. Now the kids parlay on their phones throughout the day, gossiping about nonsense — living the life.

Futures are soft this morning; but you can feel the Autumn winds settling down now and the brisk coolness of October moderating. It won’t be long now until stocks reverse and barrel higher. Can one barrel higher?

At any rate, my favorite stocks to watch will be pot (TLRY, NBEV) and a wide array of SAAS stocks. To be able to select good stocks, as opposed to bad ones, isn’t important now. Everything will shoot higher in a convoy. The trick now is to time being “all in” perfectly to maximize exposure to a bottoming out tape.

More on this later. Happy Monday.

Saudi Arabia and the United States have a very curious relationship. If you look at it on face value and how friendly they are with Israel — it makes no sense. But why bother trying to understand the machinations of world leaders? Let’s play the game and see where it takes us.

In response to growing calls to punish The House of Saud for potentially murdering a Wapo journalist, Saudi Arabia issued an official statement, and an unofficial one via proxy. The proxy statement is a threat.

“The kingdom affirms its total rejection of any threats and attempts to undermine it, whether by threatening to impose economic sanctions, using political pressures or repeating false accusations,” the government said in a statement released to Saudi media. “The Kingdom also affirms that if it receives any action, it will respond with greater action.”

Turki Aldakhil, who leads the Saudi-controlled Al Arabiya television news network, warned Sunday that U.S. sanctions could ignite an “economic disaster that would rock the entire world.”

“If the price of oil reaching $80 angered President Trump, no one should rule out the price jumping to $100, or $200, or even double that figure,” Aldakhil wrote in an opinion piece on the Al Arabiya website. He said the fallout could drive “the entire Muslim world into the arms of Iran.”

If Saudi Arabia think they could get away with it, they’re probably right. The idea that oil skyrocketing higher is a concern for the US is a joke. We are net producers of crude and I believe it is in America’s best interest to see oil skyrocket. So let’s play the game and see where it takes us.

Buy refiners.

The US refiners source oil domestically and will be gifted with a unique situation with the price of Brent running way higher than WTI, should we sanction the Saudis. Remember, the refiners source in WTI, but retail in Brent. Hence the blow out in Brent vs WTI becomes pure profit.

Being very oversold, we should get a nice lift and resumption of the previously scheduled bear rally. Having 35% in cash and 10% allocated long TZA, I am either going to add to my TZA position and reduce longs or the opposite. Much of that will depend on the tone of the tape. While I sometimes pretend to know exactly what’s going to happen, more often than not I am simply making decisions in real time — watching the tape, drawing from my experience and using Exodus to isolate ideas suited for investment.

My hunch is gap lower on Monday and then a rally into the latter part of week, providing succor and confidence to an otherwise weak and very fat investor public.

I will sell my TZA on Monday and then add to some longs, and most likely sell all of those longs by Thursday — booking immense profits, and then segue back into TZA awaiting crash.

See how I have it all figured out?

The week will be exciting, fluid, and I’ll be on my fucking A game. Get inside Exodus and join the fun. Invest in your god damned trade, you miserly son of a bitch.

I enjoyed last week, immensely. The down ticks were exhilarating and made me remember how much fun the market is when it’s behaving like a market, instead of a rigged cesspool for the rich. I also had a good Friday, with gains in TLRY, NBEV, DOCU, NTNX, NEWR, OKTA — and a 2.5% rally in the quant.

For the week, naturally, I lost money. My losses, however, were limited by the fact that I had limited my exposure to the market and because I was disciplined enough to stop out of my longs before they did some serious damage.

I was going to do a post about how much money I am going to make when the market finally repairs itself and boast and brag and chortle about how superior a trader I am, to the likes of you. But that’d be self-serving, and also boring. You’ve read a thousand Fly posts like that and it only serves to make you laugh.

Pretend you’re a monkey and you keep seeing other idiot monkeys slipping on banana peels, falling down the trough and into the crevasse, where they end up breaking limbs and eventually perishing. That’s how I feel when I bear witness to some of you investing. Even though you’re not telling me what you’re doing, having been doing this forever, I can feel the danger and the care-free regard for risk — in your endless pursuits to become rich.

By the way, money only takes away problems — it won’t make you happy.

Back to the subject at hand. I know what you’re doing and how you think this will play out — but let me be the asshole to tell you now: YOU’RE NOT GONNA GET RICH TRADING STOCKS. Wealth is hard to attain and this iteration of the simulation is set on difficultly level 8, meaning you have to earn your money; and when it comes to stocks — it will take a long time for the gains to amount to something meaningful. I always tell people, the fastest way to zeroing out your account is trying to increase it by 1,000%.

Sure, you read online by self-professed gurus, of grande stories — high school drop outs, C students, attaining Gatsby like wealth, driving lambos, all by whipsawing in and out of stocks. While those instances might occur in real life, let me be the one to tell you, you’re more likely to be struck dead by lightening, whilst bathing in your tub, than getting rich trading in and out of stocks.

The only way to get rich in stocks is by compounding returns, over a long period of time, diversified, and managed position sizes.

How do I know this?

BECAUSE I FUCKING KNOW IT — GOD DAMN IT.

Did you see the correction last week? Any idea how many people got wiped out?

I have over a thousand subscribers in Exodus and I’ve received email after email about extreme hardship due to the recent slide. Years worth of progress down the drain, all due to avarice, greed, and temporary insanity. I know most of you mean well, and some of you do not get enough oxygen into your brains like normal people, but will you please stop swinging for the fences? Fly is older now and doesn’t really care about notoriety or getting people to visit his blog. I just want to see everyone do well and not have to go thru the pangs of misery, a feeling that I am all too familiar with.

I’ll make this my final post of the day — a headline my kids can see when they get home from school.

I bought some TLRY here — because it’s about to bust loose — Kool-Aid man style. Markets made a nice recovery and we look like we’re heading back to the highs on the Nasdaq. For the day, I net increased my long positions, via purchases of DOCU, COUP, TLRY, sale of TQQQ, purchase of TZA for insurance — just in case we barrel into hell come Monday.

I’m 35% cash, attempting to be patient and wait until the direction is very clear. Sure, we’re oversold and the market should go higher — but I don’t expect it to abide by my exact timeline and neither should you. The big money will be made buying into falling knives; and the easy money will be made once the battle has been won and the psychology is better.

See you on Monday and be sure to click on the Exodus link to take a free trial.