CASH UP

Fuck this shit. I faded the open. Closed out my 15% weighted TZA position and now I’ll wait until late afternoon.

I’m up 77bps and do not feeeeeel like the market wants to be kind. Lots of arrows in the sky now I can barely see the sun.

100% cash.

By the way, I really hate Santa Claus and the modern ideal of Christmas, corralling plebs into stores to consume for fucked for faces. I sometimes wish I were a religious man, just to spite others. The idea of the highest holy day in all of Christendom being reduced to a fat piece of shit busting into your house to leave shit for you kids is infuriating. Is Santa gonna bring pizza for kids next?

On the topic os SANTAN CLAWS rallies, I believe this is the do or die week. We either rally or KRAMPUS presides. The entire lifeblood of risk, if being honest, is in cryptos. That is where the excitement has been, with ETH sporting +430% YTD gains. As you know, I have been a buyer of ETH every month for the past two years. I will begin to liquidate that position in early 2022 and throughout.

On the matter of Bitcoin, +71% for the year, harangued by overhead resistance and really a giant piece of shit for several months. It is my belief BTC has matured to the point that big dicked returns is behind it, succumbing to the law of large numbers because so many people are already long. Nevertheless, this appears to an a nice spot for BTC to extend its dick and really give it to the shorts. It was flagged oversold inside Stocklabs yesterday, for our long dated algorithm. At this point in the development of our crypto tools, I am not entirely sure our market timing algos work with cryptos too. Human psychology is the same, so they should. For 2022, I am committed to extending our services deeper into cryptos and also options.

Thanks to the monopolies in tech that overweight our indices, we have hit record highs — all thanks and praise to Apple computer. In the real world, the market is far more foreboding and losses have been stacked high amidst a body count of former traders mirroring what we saw in March of 2020.

Am I exaggerating?

I think not.

In many ways the market divergences is much like the haves and have nots of America, whereby a certain anointed area of the economy does well and all else fall by the wayside. But this doesn’t evoke an emotional response from me — because as a trader and an organism on earth, it is our duty to adapt and co-opt and control the narrative, otherwise natural selection has rendered you to be a worthless cog in the wheel of mankind.

The separate markets running both simultaneously and parallel to one another, where one endures pain and the other comfort, is typical and poetic. Do not bet on those enjoying comfort to be in pain any time soon — because they have control and all of the money and there is nothing you poor son of a bitches can do about it.

I blasted off in the morning for exactly 15 mins and then collapsed. All of my SAAS stocks went from +3% to down and my TZA position, well, I got lured out of it after the 10am bounce. I wanted to believe. I had ideas of something wonderful but alas now I’m in the dirt trying to claw myself out from a shallow grave, down 150bps.

This loss stings the most and now I find myself in a most retarded position, stuck in between convictions, hoping and praying for something wonderful but all I get is dirt.

We are being crucified for Christmas and the stars are aligned against us. If you’re hoping for a rally, that’s all it is. You’d be wise not to follow me now for I’m destined to twist and turn before I’m finally rewarded.

The best position is a light one and hedged. I’ll try to get there by days end.

Yesterday I posited myself a man of industry and took to the market with designs to invest in “the best” concerns. I leveraged long in only “the best” stocks and was fastidiously entreated to ruinous losses today. At first it was slow and then all at once. Losses were moderately painful at 1.6% by lunch, only to accelerate into hell by 2pm to -3.7%.

Having only “the best” stocks I was then give a fork in the road.

1. Do I hold and pray for the best and let myself piss in the wind, not knowing where the wind is blowing?
2. Reduce longs and hedge to moderate volatility?

I chose the latter, because I am the smartest person that I know. I am now down 1.9% for December and I hate myself at the rapidity of the unraveling. I wanted to be normal. I envisioned myself voting at shareholders meetings and laughing alongside fellow shareholders. Instead, I am back in the trenches, a slave to intra-day trends — scared and afraid to expose myself to this cunt of a market.

I pared off the worst of my positions and the one’s outperforming and stepped in and bought UVXY and a 20% position in TZA. I furthered my plan by buying dips in SAAS stocks and that’s pretty much where I am planting my flag — long SAAS, long volatility, short IWM. My best guess is for a 30-50bps move in either direction by the opening of trade. Once I have a better idea where we are heading, I will tilt my bias towards that direction.

Since my October bottom I made sure not to expose myself to too much risk. The result has been a steady stream of gains, although methodical, it has been almost assured. Yesterday I decided to leverage long “the best” stock and today that particular area of the market, as if pointed out by the devil himself, is hammered to ash.

I stand before you stripped of my MTD gains, off by 2.3%.

DECISIONS

Do I hold the line like a fucking lunatic and hope for the best? Or, do I reduce my exposure and toss on a TZA hedge?

SAAS stocks are HAMMERED to bits today, off by 3.5%, which bodes poorly for risk. I never did believe December would be a notable month and we’re up just 2.4% for the IWM month to date. We can either bounce 2% or sink 2% from present levels and before you know it — JANUARY OF 2022 IS HERE AND THE FEAR COULD TRIPLE BY THEN SENDING STOCKS INTO THE SEWER, and much much more.

In short, I’ve determined the market isn’t at risk yet and have no urge to change my strategy, although I might moderate it with a hedge.

I have removed my inhibitions and dove into the warm water of the market. I do believe the pool is heated and hope it’s not urine that I am traversing in. I managed +108bps today and closed 122% leveraged long in only “the best” stocks. Those stocks and all of my trades are provided for, in conjunction with, the good folks inside Stocklabs — a gentleman’s club where one discusses the events of the day whilst smoking pipes and cigars, sipping brandy, and sharing investment ideas.

While it’s true, we have 2 or 3 females amongst our ranks, we largely aggravate and cause great consternation in the fairer sex, who, might I add, might prefer to bake pies at home for her husband instead of cavorting with gentlemen of industry, unchapperoned, inside our halls.

Into the teeth of December, the IWM is higher by 3.6%. This makes me slightly uneasy because there should not be much more upside. My sincerest hope is for an outlier December of 2021, which falls in line with wish-casting, a plebeian Third Estate form of behavior on par with scratch off lottery tickets.

Nonetheless, here I am long “the best” stocks in size, +235% for 2021.

Heading into Satan’s Claws, I decided to forgo trading 100 times per day and instead place my account, which is +235% for 2021, on auto-drive by purchasing all of the best stocks. The stocks I now own are the best and there’s no debating this fact, just like you cannot debate the science behind LIFE SAVING medicines or travel through space.

I’m presently leveraged 122% long these stocks without a hedge and bleeding out a bit into this minor downturn. My gains were +140bps but now they’re +77bps. No need to worry, however, since I own the best stocks.

Some might propose that I am being reckless or somewhat jejune in my positioning now, especially given the recent volatility. To those people I concede that it’s true, I am recklessly buying The Best Stocks now and have no regrets about it.

What happens if the market reverses lower?

Well then, I’ll lose some money naturally. But I will be succored by the fact that the stocks I own, many of which are trading 35 years of sales, are indeed superb.

I’m now +2% for December, big dicking it into the meat of December.

Have you ever looked at some stocks and marveled at their performance and wondered what it’d be like if you owned them? I’m a bit obsessed with stocks, but this is a feeeeeeling I often have with certain stocks I missed out on. I look at them, and wonder what an alternative timeline with me owning them might look like, then do nothing.

Well, after a decline, we all get a chance to buy our most admired stocks at a discount. Whether said discount means cheap is another question, but they’re cheaper than they were, so there’s that.

Today I bought all of my favorite stocks, closed out my triple TZA position, and promised to never be evil again.

I’m all in long.

I was having a comfortable day, +6% in Quant, +5% in Best Ideas, +1.2% in trading when the handyman I hired to replace a cartridge in my shower water handle announced “I CANNOT DO IT” and then showed me how stupid and incompetent he was — unable to access a stripped socket — but fully able to complete crack and break the cartridge so that the water is on full blast, forcing me to shut off the main.

Now I sit here, thirstier than ever, looking at the water tap wanting a tall glass of warm tapped water, hard water from the local reservoir — man-made Jordan Lake. All this happens while markets dumped out towards the end of the session, forcing me to keep buying TZA without really seeing or knowing what the fuck was going on.

Since this area is growing so fast, finding a plumber the same day is all but impossible. As a matter of fact, all are booked until next week, until I chanced upon a Russian lad with plenty of time and he’s en route now with a fucking saw right now willing and able to provide House Fly with the water necessary to live.

Sadly and regrettably, I offer no market advice in this blog, as I am too thirsty to do so. I will say, however, this market is a son of a bitch and do not believe for a second we’re off to the races filled with happy thoughts and wonderful feelings of fulfillment. We are likely to sink lower again tomorrow in the same fashion we rose today, painting a dreadfully black and bleak outlook. But again, I offer no financial advice, as I am too parched to do so.

Siiiiiiiiiipppp.