Walk Towards the Shine

I’ll be out all morning on family business. I see Mueller is talking greasy about our beloved President and futures are lower. I can only suggest that you take a good stern look at gold. It’s not for men who are faint of heart and certainly not an asset for those who are impatient either.

Gold is the defacto safe haven for all of the pangs and the bangs this planet has to offer.

I have positions — but sadly I cannot divulge them to you — the unwashed reader class.

More later.

$SNAP shorts are getting their dicks snapped off in after hours. I was long up until yesterday, but sold — because RULES ARE RULES. Who am I to break them? I am a loyal servant of certain disciplines and I cannot deviate, lest I let the country down. The world, actually. iBankCoin has devout readers in 56 countries, spanning the flat earth .

News after the bell worth perusing.

Snap beats by $0.04, beats on revs, beats on DAUs, beats on Adj-EBITDA; guides Q3 revs, Adj-EBITDA above consensus; calls for Q3 DAUs of 205-207 mln

Texas Instruments beats by $0.07, beats on revs; guides Q3 in-line

BAM! Off with your dicks.

I bought a semi stock for an overnight trade, so I expect to be ingratiated with coin in the morning. It was a conservative pick and I chose it because I only wanted to make a little bit of money. It’s like mowing the lawn for me, easy like rain. If I wanted to bang out a higher octane trade, I could’ve. But I didn’t want any of my readers who weren’t members of Exodus feeling envious.

Jealously is the ugliest of all traits and makes people absolutely miserable and turns them into monsters. Instead of being envious of Le Fly, due to his supreme excellence in all things, feel sorry for him for having the burden of such a curse. The crown is in fact heavy and it makes the head go bald. Next thing you know, I’m in the sun getting my fucking head baked off and I drop dead from a heat stroke.

More on this tomorrow.

If I was short, I’d want to stick a sword thru my stomach right now. This should not move markets, but it did. As a matter of fact, a face ripping rally is presently underway.

*U.S. NEGOTIATORS TO HEAD TO CHINA MONDAY FOR FACE-TO-FACE TALKS

— zerohedge (@zerohedge) July 23, 2019

The Dow is now up more than 140 and nothing can stop the madness. I’m fine with this and will be executing some trades soon. I have an idea where I want to do, mostly in tech — maybe a little SAAS.

A few of you complained that because I’m not offering my Mastery Ace stock picks for free here anymore that the blog has been relegated to a denizen of Fly bragging. While this has always been the case, for if I do not promote myself — who the heck will? I will offer some keen insight into the tape right now, to assuage those of you who haven’t a fucking clue what you’re doing out there.

The UK has a new PM and he’s gonna BREXIT the fuck out of the EU ASAP. Because of this, the dollar os jimmying higher. This is a temporary phenomenon and will revert to the mean inside of a few days. Presently the precious metals are weak, but that should be ignored. Stocks in general look slothful and lazy. My Bubble Basket is showing signs of wear and people are hitting the bid.

I am 45% cash in my trading account — having just took profits in FTNT at +4.5% because I’m special and also incredibly talented. The point here is not to rush. Mitigate your risk by opting to position into a stock at the end of the session. Once you begin to learn that most moves happen from 3:30-3:59pm and 9:30-9:45am, then you’ll start trading smarter. Intra-day reversals have killed more good citizens than all of the world wars combined.

Be smart, trade small after a large melt up, and mitigate your risks by taking end of day gambits.

Some people must think that because it’s summer — Le Fly will slow down and take it easy. Those people do not understand that I am obsessed with perfecting the ancient American art of trading. While others are summering off the beaches of Nantucket, taking it easy amidst the coke and the drinks, Le Fly toils hard each and every day for the benefit of his grateful readers. In a world devoid of financial bloggers, replete with click bait fucktards trying to trick people with gimmicks, I am here to remind you that Le Fly is in fact a ***RARE TALENT***.

I sold APRN this morning for a 6.9% overnight return. Please, hold your applause. As you can see, I’m changing fucking lives inside of Exodus.

Because of me, one vegan chap is now able to affix falcon doors onto his Tesla vehicle. Another lad is now able to afford to divorce his wife and travel the world freely, and someone good citizen is now free to cold call local business owners all day long in the hopes of tricking them with parasitic financing options.

See, Le Fly is changing lives — and I can change yours too.

BOGGED down, unable to pay your electricity bill? join Exodus today.

Depressed, saddened and sullen because you can’t make it to the 9 figure club? join Exodus today.

Your sex change operation hit a significant hump in the road and now you’re stuck with just one testicle and one tit? Join Exodus today!

I stepped in and bought SOLY for an overnight trade after 3pm and then the stock immediately blasted off, as the power of “The Fly” propelled the stock to new heights. My power grows by the day. Not one to look a gift horse in the face, I blew that fucker out for a 8% win. That’s an annualized return of 4,017% for those keeping track.

I was going to hold off on any new buys overnight, but that would make me a liar. Rules are rules and overnight trades must be taken, no matter what. So I bought another high octane play.

As a matter of fact, I bought several high octane plays today and we’ll see how these fruity trees make out over the next few days.

I haven’t looked at the broader indices since this morning. The trend is up and Le Fly is pistol fucking hot. Get in my way and I’ll punch your face off.

Every hates getting newspapers delivered to their house — because ink on paper is one of the messiest forms of receiving information. Everyone remembers twisting that NYT paper on the train, trying not to disturb the people around you — getting black ink on your hands and onto your neatly pressed and heavily starched white shirt in the process.

The same thought process harangues me with old stale stocks, sitting there doing nothing but taking up space. So today, with the market ripping again to the upside, I decided to clean out my defensive portfolio and start fresh. I sold VZ, TR, CHD, HCP, RTN, SNAP and GE. Sure, some of those fucking stocks are great long term holds. But none of them belong in a trading account and I am ashamed for holding them this long.

The isn’t the time for old man stocks, with fucking shit just flying off the handle. This is when you take everything you’ve got and bet it all on one horse. I won’t actually do that — but you get my sentiment.

I’ve already purchased a handful of better names to replace the old man portfolio that I had constructed. Now I will slowly reallocate the funds back into the market. At the end of the day, naturally, I will select one lucky stock to provide me with wanton profit for the opening session tomorrow.

I bought MU on Friday afternoon while driving around like a fool in my car. Everyday I buy 1 stock for an overnight hold. The way it works is, I buy the stock lower and then sell it higher the next day. Those are the rules and no matter how much I might like the stock, I am forced to sell. For those of you bellyaching about churn and selling great stocks like MU, quit your fucking blabbering. Those are the rules.

This morning I sold MU for a 2.07% overnight hold. No big deal. On Friday, I sold CRWD for a +17% overnight hold. Before that, I traded APRN for +10.5% intra-day hold. And NUGT for +3.8%. I can go on and on. Really, not a big deal. This is my job. You know how some people go to work and pick up trash or tell funny jokes in front of live audiences? Well my job is to buy stocks lower and then sell them higher. The shorter the time period the better. This is what puts the caviar on thew table.

Should you be jealous of Le Fly for making this look so easy?

Answer: Yes, but you can mitigate that jealously by swimming along with him — like the chum fish next to great white sharks, by joining Exodus and shadowing his every move.

Is there more stock picks like this coming, an annualized +523% winner like MU?

Answer: You can bet your fucking balls there are.

You don’t have to be ashamed to be a pathetic gold bug anymore. The dollar is being denigrated and gold is breaking noses to the upside and no one can stop it. You will hear via CNBC that ‘gold is for stupid fucking morons’ and that the only people who buy gold are ‘completely stupid and also assholes’; but let those people suck on your fumes as you rocketship into outerspace on your new lambo.

The next time someone tells you to sell your gold, you tell them to die in a fire — because now is the time to shine. Gold bugs have waited 7 long years, as stockFAGS got rich and fat. Even Bitcoin bros made some lambo money, all the while gold bugs hid in their dirt holes waiting for an opportune to scatter about for food.

I’m 20% weighted gold miners into tomorrow, dick swinging real low, gorilla balls the size of watermelons. I’d say ‘no fucks given’, but that’s sort of lame and played out. I’m into high octane, alpha trades, things that other people are scared of because fuck that.

Futures are soft tonight and everything else is a non-event. But tomorrow will be more of the same, grandiloquent madness towards new highs.

It’s really hot as fuck out here. I am stuck here preparing my move down south and not where I should be this time of year, in Newport, RI enjoying some champagne and the wide ocean views. This landlocked life is somewhat of a bummer. I could venture off to the beach and bake my skin until I get cancer, but it’s too hot for that shit.

Breakfast consists of a croissant and coffee. My diet has been complete shit in recent months and my exercises routine non-existent. I’m not exactly a ‘barrel-ass’ per se, but I need better conditioning — since I seem to break out in a sweat during minimal yard work.

Over the next month I expect my life to be sheet torturous hell. And this isn’t me complaining or whining. I gleefully accept this hell, as I am accustomed to adversity. One of my main questions floating around in my head is whether or not I should ‘risk it’ and drive my damaged engine Gl450 down to NC — an 8 hr sojourn in favor of a leased vehicle? This is classic gambler Fly trying to win when he should be losing. If I break down in the middle of nowhere, that would suck. But if I made it, that would show all of those stupid mechanics how stupid they all are. If I leased a car, I’d have to then return it after I got down there and that’s a pain. The logical thing to do is transport the car to a mechanic ahead of time, lease a car, and then pick up my car all fixed and ready to go. That’s probably what’ll do.

Not much going on on this lazy Sunday, other than Instagram fixing to ban likes on the platform, in order to ‘de-pressurize’ the platform. I have just about the worst content on IG and hardly anyone likes me shit — because it’s stupid and pointless. But I get why kids feel pressured to get likes — such a stupid thing to worry about in a world designed to kill you in so many ways. That was grim.

Go read a book, listen to some Al Bowlly, and make yourselves a Mojito and fuck off.