All Cash (traveling)

I was tempted to trade at the open but remembered the misery of trading while traveling and opted to liquidate my account, +35bps for the session.

It is a genteel return, one that all should strive for. If, for example, you just made 35bps per day — by the end of the year you’d be up 77% and considered to be one of the greatest investors alive. Dare I say, you should reduce your lofty goals of 5% daily returns in favor of something much more austere?

The 20yr old punk kid behind the BBBY squeeze has a rich uncle who owns MNMD and now that stock is ripping higher. I only mention this due to its stupidity to make you aware of the current state of things in western finance.

I have no expectations for the session and will need to re-acclimate myself tomorrow with the state of affairs. Being out of pocket for a few days really throws one aback, leaving a feeling of out of the know. I can only imagine how retarded civilians feel whilst glancing at equity markets. They have no idea what happens here.

My business here has concluded and I’ll be making my way back down south in the morning. My biggest takeaway from visiting DC now is the lack of homeless cavorting the street. Dare I say Biden has cleaned up the city and killed off the homeless issue. The people are profoundly vacuous and annoying, glib and teeming with narcissism; but the city is once again delightful.

In terms of the market, I’m still waiting for a fat pitch. I know, the NASDAQ has shot higher by 12% the past month, up 20% from the lows, and 20 year old punks are scoring absurd coin in BBBY.

So what and fuck off. Quit reminding me of missed opportunities and trades that could’ve happened. I have enough regrets and really need to focus on what I have and the good things I’ve done.

I’m up 47% for the year and that’s something to be proud of. Granted, I was up 212% last year and I haven’t made any money in the past month and a half — but fuck off. You think I didn’t know that?

I’m not gonna force myself into trading like an imbecile just because you want gains. You’ll just have to wait until my brain connects with the market again and delivers a fat pitch.

Good news on the Stocklabs development front.

Our options product is steaming ahead and will be ready for beta trials soon. After that we will focus on the AI product, which is a life long dream of mine.

The chart above shows the most active options in the entire market for the session. We’re gonna collect a fuckload of data and parse it and after we are done parsing it, we will parse it again.

With the launch of options I will start to trade options again and dedicate a public portfolio to it. Bear in mind, I’m out of practice and will really need time to catch up and get into the swing of things. But once I do, and after I build the tools necessary to trade them, I can guarantee you’ll I crush.

I offer no evidence to support the title of this post, only a hunch that the recent foray into heavily shorted piece of shit stocks like PRTY is nothing more than a final salvo that will lead to a sequence of events that will entirely destroy the very fabric of western finance and annihilate the stock market.

Naturally all inverse ETFs stormed higher except the one I was long UVIX, which reminds me to stop dicking around with my hedges and to simply buy SQQQ or TZA.

I closed DOWN 1.77% because I’m a moron and on “vacation”. Very soon the apocalypse nears and with it dastardly lower stock prices. I swapped out of UVIX for TZA and hold close to 80% cash because I won’t be at the desk tomorrow and anything can happen.

For a few months now I’ve been trading defensive and afraid of losing my grandiose gains. The same thing happened to me last year and to be honest, I’m ok with it. The whole point of this experiment in finance is to compound absurd returns over many years in order to build absurd wealth. With a little luck and some mathematical precision from Stocklabs, I feel I can achieve this goal.

… while I am out of the office with my family walking and eating around DC. OF COURSE THIS WOULD HAPPEN, providing me with losses of 1.6% for the session. I’m not even gonna try to understand what is happening or try to fix it. I sold all but DECK, BTU and UVIX. With just 20% long, I doubt the market can fuck me even further — but you never know.

Yesterday I had a nice salient and was able to etch out 75bps of gains, in spite of early losses. And today, naturally, all of that was revoked and much more.

I hadn’t looked at my portfolio in hours and figured if I just didn’t look at it, something great would happen. However, seeing the market now, I can see that isn’t happening and because I was loaded up with piece of shit short squeezes, I felt it was appropriate to mitigate the damage.

I’ll be here for another day and back to trading with a furrowed brow on Friday.

I write to you from the confines of Fredericksburg, the last true bastion of Confederate glory. I was driving all day so I was unable to partake in many of the shorted squeezes. It all started with BBBY and then it spread of FUBO and also REAL, which I was able to snag and still hold.

The common denominator in all of these squeezes is they are consumer facing piece of shits. I have no idea if this means this is the end of the recent rally. As a point in fact, the more bearish I feel the better the market begins to look.

We’ll take it day by day and reserve predictions for morons. In the meantime, let’s enjoy the market in front of us and extract as much as we can while it’s offering us volatility.

I was up 75bps for the session.

It’s no surprise to anyone who has read this blog for any decent amount of time that whenever I decide to leave the confines of my home — markets collapse. I was prepared for this eventuality and in spite of the NASDAQ -100 and risk on stocks off by 3% today, I’m up 16bps. Even so, the Gods attempted to kill me this morning with an out of nowhere on no news crashing of BROS for 7%. Despite all that, my 5% positions ensure limited destruction on a stock by stock basis.

The pin action looks poor and since I’ll be away until Thursday, expect markets to continually decline.

BBBY just went from $4 to $23. Meme stocks have been lifting off in recent weeks. It’s all about short squeezes and groups of people pooling together to propel stocks higher. This is the oldest trick in the book and Wall Street has been doing it for decades. But now with the internet, civilians get to do it and so we diminish their achievements by naming it something stupid like “meme stocks.”

UPDATE: As soon as I published this the market blasted off. Ok back on the road.

There is no need for analysis as to how or why I lost 2.3% today. It’s just one of those days, unacceptable of course — but I have no one to answer to — as I manage my own money. GRANTED, there are folks inside Stocklabs who mirror me — but you must understand that I do not trade for you. I trade for me and you are lucky to have access to -2.3% down days in upward spiraling up days.

I fixed my allocations and should be A-OK into tomorrow. Then again, I depart for DC tomorrow and will be on the road for much of the trading session. Later on, I’ll frequent some of the “hot spots” in Georgetown and then I’ll meet the President in the evening.

Bottom line: I lost coin today because I am a fucking idiot. HOWEVER, on a long enough timeline I cut through your returns like fire through butter.

Ciao.

We have hourly seasonality data inside Stocklabs that breaks down returns by the hour. It is clear as day that all morning dips have been getting bought for months, as well as market closes. In the early days of 2022 the opposite was true. We’d crash the open, crash the close and fuck off for the rest of the night watching futures careen lower.

You’d think with today’s bad economic data we’d get some sort of “consolidation”; but it wasn’t meant to be.

QQQ hourly returns since 8/1

Right now the market is slowing down and the momentum from the morning pump slowing. This is where bears get trapped, betting against the tape during the slow hours only to get rotisserie’d at the close.

I entered today with a bad hand of retarded stocks and took losses. It was just the wrong hand for today’s tape. I have since swapped out of them for names working today, but still find myself down more than 2% for the session. I am tempted, of course, to hedge and limit my losses to 2% and prevent a potential rout should markets crash into the close. But I don’t think or feeeeeeel that will happen, seeing certain areas of the market up and breadth relatively stable.

From now until 3pm, I will pray to the Gods to provide me with an afternoon pump, so that, I might, perhaps, expand upon my recent successes — which should be, naturally, all so important to the creatooooor of the universe.

Chinese semiconductor orders shrank 17% last month. Their economy, ostensibly, is in shambles, which causes them to surprise CUT interest rates. That’s quite the juxtaposition against the backdrop of worldwide hikes. This, once again, has caused oil to Mcplunge into the ground, off by 4%+.

But it’s not all bad, since the US economy is seemingly ok. Then again, factory orders came out today and they were abysmal and the housing data is suggesting RECESSION.

There’s a lot of cross currents to take in and hopium is causing me to stay long without hedges. I figured since oil is crushed lower the retail trade is back on. We have seen this retarded trade happen all year, turning a blind eye to risk in favor of feeeeeeeeeeel good bullishness in consumer facing brands. After all, Amazon bought iRobot and people still enjoy drinking coffee, and back to school means the shopping malls will be brimming with maskless folks out and about in search for new stylist threads.

Mrs. Fly often ATTACKS me with wild eyed ideas that the stock market, for all intents and purposes, is a scam. Whilst there are elements of the stock market that are scammy and we all know very well indeed that pools of money commingle with one another to enact squeezes or sending stocks straight down to fucking zero and into the bankruptcy courts. However, and this is the part of finance MORONS never understand: the stock market is for raising capital and permitting companies to use the proceeds to grow.

In recent years the cunts in the VC sector have all but stolen the value in the IPO market and have left us with over priced scam stocks, the overall mechanical purpose of the market is to finance growth.

When trading we often see only letters and numbers, totally disconnected from the underlying businesses and macro environment. But if you’re a long term investooooor, you should view each holding of yours as a stake in a business and ask yourself if that business is one you would want to either work at or have a stake in for the long term. If you really liked Apple when they just released the iPhone and treated the stock as if you worked there, buying it every month in a dollar cost averaging scheme, you’re rich today.

The same rule applies to many consumer facing brands and if you like something — I say invest in it.

This piece of shit website has recently become a denizen for doom, war chat, and a black pilled approach to life in general. It’s all very bad for the soul and spirit, so I figured I’d mix it up a bit with some sideways optimism.

Enjoy your Saturday!