In my first short story published in 2017, I discussed my grand time during the dot com rise — the ups and more ups that caused me to become a greedy caitiff, believing I was invincible and immune to the pangs of disappointment. In my second story, which I highly recommend — especially for young traders — I outlined how hubris and easy gains nearly ruined me. There is a third part to this story that will eventually be told. Sadly, it might take a few years to complete, as I am too busy with other things now. But the narratives are very relevant for today, as we ascend higher — marking the best start to a New Year since 2006.
Back in 2006, everyone I knew was flipping homes, making fortunes off real estate. Now everyone is buying cryptos and crypto proxies, banking millions.
Right now, I am moving in 100% increments, totally bereft of fear and accustomed to easy money. I’ve been at the forefront in Exodus on this crypto-proxy trade — something that comes in the form of a press release that gifts enormous riches to those lucky enough to partake. While I do not think the party will ever end, some people believe it will. Eventually, enough people will begin to believe it and then a stampede will occur — people taking flight — knocking down the gas lamps on their way out — burning all those left inside alive to a cinder. After the ashes are cleaned up and the venue redecorated, a new party will emerge, with fresh new faces, peppered with the occasional old face who was there before the fire, who knew those who perished, and was aware of the dangers of having cocaine parties amidst gas lamps.
I was once a young face at this party urinating on the gas lamps — but now I’m an older one — a survivor and witness to debauchery gone wrong. Many of you reading this will lose all of your money, AND MOAR, when it all ends and even though I’m warning you directly, you will not heed the warning. You’ve never seen the flesh melt off the bones and the face cracked in half thanks to a stampede of drunken idiots.
All that aside, it has been a fine week and my Quant is +3%. Gains in my discretionary account are too absurd for me to boast about. No one would believe me if I told them. Enjoy the balance of your day and have a good weekend. We’ll make even MOAR next week.
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