You Can’t Cure Stupid — But You Should Conceal It

Nothing is worse than a big mouthed fool, spewing things he/she isn’t qualified to lecture. You know the guy, talking greasy and with energy, entirely bereft of facts or an argument that can be deemed cogent. While you might think I’m ranting about random things, all of this philosophical stuff can help you become a better trader and investor.

If you’re dumb and unable to learn, outsource. If you’re sharp, judged by a career in school, self-educate yourselves now and try to become an expert in a field you’re interested in. That entails ~10,000 hours of study/practice.

Pro-tip: if, by chance, you’ve always been a C student in school, you’re likely not an academic. However, you can still possess extreme intuitive skills, coupled with work ethic, that can become very valuable and lead to success.

The first step in any awaking is self-awareness. Best way to avoid being viewed as a fool in public is to reserve oneself. Best way to avoid trading into bankruptcy is to avoid entering areas of the market you’re not well versed in.

Case in point, I largely avoid biotech — unless I am being directed by someone whom I deem an industry expert. I do not have the proper training to be an authority in the field; but I have made some excellent contacts over the years with people who are experts and lend invaluable advice.

If you’re in the money management business, it’s important to drum up new business, but it’s equally important to network with people who know more than you on certain subjects. Keep those lines of communication open and brain drain these people when it’s most opportune for you.

In my next life tip, I will discuss the wife/husband and how their poor habits often lead to ruin, casting a horrible pall upon an otherwise sanguine household, barreling towards a lifetime of self-inflicted poverty.

Nothing irritates me more than people who complain. Believe me, I get the irony of complaining about complainers, but how else will I drive my point home? There are some people, and I’m sure you know some of them, who complain from the moment they wake up until bed. They blame the world for their struggles, make decisions based on spite and jealously, and live insecurely — always disgruntled and utterly miserable.

Everything about your life is fair. It is the sum total of all of your actions, rooted in the place you started — your family bloodline. If you have a poor bloodline and a sense of awareness about this, do something about. Create a new legacy. It can start with you now, and improve over the generations to come.

These are extremely salient points that many people never quite grasp, nor understand, so think about it and try to go a day without complaining about things. Blame yourself and then take action to do something about the problem.

Nasdaq futures are +25, Dow +100. It looks like there are gains to be had this morning. But it’s probably not a good idea to chase pot stocks barreling lower.

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There isn’t anything to worry about — believe me. The small caps are weak and I’m brooding a bit — unrelated to the market. Just when you think life is easy, BAM, you get smacked in the face by life.

Barreling into October, one could only wish for something dreadful to happen. But it probably won’t. Right now I’m situated like a clown, mostly in high beta tech stocks strewn in with cannabis and some off-shots that will likely fail. My Quant went mega cap yesterday, $100b+, effectively escaping the wrath of this shit.

For those of you trying to read into this loss, don’t. It’s merely a pit stop en route to more hedonism. All you need to do with genuflect to the altar of capitalism and then wait in the pews for things to work out and then walk out of this place of worship with lots of money.

What will you do with the money? That’s an interesting topic.

Will you save it? Spend it on trendy shit? Travel? More stocks?

Tell me.

I used to spend my money on all of the above, especially trendy shit. Now, with age and wisdom, I’ve calcified around the idea that consumerism is for asshats and my money is best served building an Orbital Space Cannon (OSC), designed specifically for offensive purposes only.

I thought the trade was gonna fizzle out — but it didn’t. It only morphed into high key degeneracy, ingratiating companies of low standing and quality.

IGC — through the fucking roof.

DTEA — through the fucking roof.

PYX — through the fucking roof.

TRPX — through the fucking roof.

The last one is important, and not just because I sold it last week for +9%. I told you Israeli cannabis plays were ripe. Now TRPX is running. Well, what is the other only Israeli cannabis play here?

Correct!

BLRX

I bought more and made it a double sized position.

Let the good times roll.

I suppose we should all be concerned with trade wars again, or whether or not Kavanaugh threw some ice at someone back in 1991. My dreams of selling NEPT at $7 today have been cracked asunder and it looks like losses are on the horizon, at least for the first hour of trade.

WTF sort of position sizes are you taking anyway? I’m sick and tired of hearing about accounts being blow up due to one stock going down. What the fuck are you doing to yourselves.

Positions should not be more than 5%, initially. Remember it and repeat it and obey it.

Gold and silver are strong this morning. In other words, go eat a sandwich and wait for something more exciting to materialize.

Cannabis plays should NOT be bought on dips. They should be bought into strength.

Regrettably, I was away all day and wasn’t afforded the opportunity to buy more pot stocks. I sold NBEV for a staggering 45% profit and it kept going higher afterwards.

Now, all of the pot stocks are running this evening, spearheaded by my new position NEPT — higher by 10%.

Separately, it was a weak day for a lot of stocks and several SAAS plays are currently OS. You want to accumulate tech now, ahead of the Xmas season and certainly on any dips. I cannot think of a better stock, a more charming stock, than HUBS.

You should fade this move in cannabis and wait for a reversion against the mean. We’re hours, if not days, away from an abrasive pullback. However, enjoy the lift and the times we’re living in now and make lots of money. With said money, I hope you buy things that make life better and also become members of Exodus. We are, as you know, all distinguished gents, fitted with top hats, white gloves, and canes, which double as swords. Said swords can and will be used to defend the auxiliary outpost against mongrel elements, thrusting steel into their black hearts and releasing their evil spirits back into hades.

Fresh off my TLRY and NBEV victories, I perused the Pelican trading room and bore witness to NEPT on the move higher. This was discussed before and apparently they’ll presenting in a conference next week.

This was posted to the NEPT site, a brief discussion about how awesome cannabis is and what not. You must understand, I don’t believe in any of this horseshit. I’m just following trends, trying to get in and out before others, having fun.

I’m long NEPT from the $4.70s, looking for a vertical move thru $5 and then onto $1,000.

I sold NBEV this morning, which was a double sized position, for an outrageous return of 45%. If you recall, incredulously, I bought MOAR on Friday, while it was +30% for the day. This is how I roll.

Additionally, I sold TLRY for a modest 21 point gain, or +15%.

Those two sales put my cash position back to 20% and now I’ll be reallocating the Exodus Quant for October.

As you can tell, I just saw Sicario 2 — a very good film and acting performance by Del Toro. The headline mimics a line in the film and applies nicely this morning, especially for GE and TSLA shorts. I don’t mean to ridicule or piss in your disgraced waters; but it must be said. You cannot keep up this routine, always being contrarian, attempting to profit during a great bull market.

The only way to be in a bull market is bullish. The only manner to trade in a bull market is to chase momentum. Period. For longer term investors, follow quarterly trends and allocate sensibly.

Pre-market, both TSLA and GE are up like cannabis stock, +15% a piece. Speaking of cannabis stocks, they’re running again and I’ll likely book profits in NBEV and TLRY.

Today is reallocation day for Exodus Quant, so I’ll be busy for the first two hours of the day.

Happy trading.

Just when you thought President Trump’s MAGA hat was out of style, in comes a new NAFTA deal to coerce everyone to start wearing them again. I fully expect to see all of my friends in Princeton prancing about Palmer Square tomorrow in their vintage MAGA hats, sipping on glasses of chardonnay.

The news is fruitful and also bountiful.

The deal will also modernize what was covered by NAFTA by adding provisions on digital trade and intellectual property, the administration official said.

A U.S. official also pointed to the prospect of enforcing the agreement, calling it “one of the most enforceable trade agreements we’ve ever had.”

“This is going to be real, and it’s going to change people’s lives, and it’s going to make the U.S. economy stronger and better,” that official said.

Of note, the new trade pact will come up for review every six years, which will give the U.S. a “significant new form of leverage” to make sure the arrangement is to its liking, according to that senior American official.

The issue of enforcement was front and center in a statement on the deal from Senate Finance Committee Ranking Member Sen. Ron Wyden, D-Ore.

“As I’ve said many times, NAFTA has long needed a serious overhaul,” he said. “The crucial test for a new NAFTA, or any new trade agreement, is whether it is enforceable, particularly with respect to promises to protect worker rights and the environment. Americans are sick of hearing speeches about the benefits of new trade agreements when the agreements in place aren’t even enforced and their opportunities don’t materialize.”

On this news, futures are +175. This is one heck of a way to start off Q4. I’ll be reallocating the entire Exodus Quant portfolio tomorrow, which will be focused on mega caps.

Sleep tight Tesla shorts.