STOPPED OUT OF $GUSH — MY RECOURD IS INTACT

I’ve probably lost 10% over the past 3 months in these FUCKING 3x ETFs. They are a disease, a malefactor upon the financial community.

My loss was 8% on a 5% position. In the big scheme of things, not a big deal. But these fucking losses add up. The past few days have been one small nick after the next — and I’m sick and God damned tired of this drawdown.

Now the right trade to do, given the present condition, is to SHORT STOCKS.

But do I have the fortitude, the testicular balls, to do it?

Stay tuned.

I woke up in a mood, not so dissimilar to how Dracula might’ve felt centuries ago, famished and zany like a zoo animal for fresh blood. I’m not interested in nourishing myself on blood — per se, only the brokerage accounts of my enemies.

Right now a good deal of you are reading this, smugly, intently, with malicious purpose — trying to take my coin. But you forgot one important, salient, thing: Markets no longer barrel lower on Fridays.

Oil is up — LOOK AT IT.

Gold is up — LOOK AT IT.

On the matter of gold, I’ll be getting my Peter Schiff on today — vaingloriously captivating an audience of plebs with mountainous gains in gold. This is going to be a monster trade. You’ll hear me talking about it more in the coming days and week — months to come.

Have you ever felt really bad about something, only to feel inexorably worse off after someone took the opportune to shit on your parade? I am such a shitter. I welcome myself to your indecorous parade.

HAPPY FRIDAY.

The American Dynasty will persist, uninterrupted, for the next thousand years. Our armies will control your countries and relegate your men and women and children to slavery, inside Chinese electronic foundries. Dark times are always just around the bend and the ease of decadence is often far out of reach for anyone punching a Chinese made clock. There are ways, methods even, to accumulate wealth, most of which runs counter to the prevailing culture of wanton consumerism and depravity. If you’re too stoned to understand your balance sheet, you’re also too dumb to accumulate any meaningful amount of money.

As time goes on, the more you’ll come to realize the winners have already been chosen, and only a select few, mostly designated at your local Ivy League school, will determine the fate of your children — whether or not to engage evil enemies overseas through military conflagration.

We have no cause for concern today, lads. The only thing to fear is fear itself. If markets rally into the bell, expect shorts to be discarded like cheap trash during tomorrow’s opening tick. If, by chance, we close at the lows — there is a strong chance we will gap lower.

With my money, formerly a professional investor and manager of other people’s money, I am astutely long NUGT, a variety of this or that — and GUSH — a seemingly ill fated invested — taken during a bad tape, in an obnoxious care-free “nothing can go wrong” demeanor.

By 3:45pm, we’ll know for sure what tomorrow will bring. Stay tuned.

The stocks you’re trading are letters and numbers, nothing more or less. Quit thinking you’re a portfolio manager — listening to calls, overanalyzing shit, wasting time, when the truth is you’re only interested in a swing trade.

Thank God I sold GRUB yesterday. I did so because I didn’t have an edge going into earnings.

Yes, we do this shit all day in Exodus.

Early going I made three moves — stopped out of YGYI for -14%. It blew through my 10% stop. I also sold SQ for a small gain and bought GUSH — which seems counter-intuitive with the market weak. By thoughts are to give market benefit of the doubt until it proves me wrong. We’re plodding along a tight rope in oil now — right at the bottom of the range. I like GUSH for a bounce, but will quickly sell it if the trend worsens.

All of the ingredients are present for a pause, or slight resumption of the previous bear market. Remember, during the 2011 debacle, stocks fell 17%, bounced 11% — then dissipated by 3.5% over the next two months before taking off. After last month’s orgy of buying, at a minimum, we’re overdue some consolidation.

What does this mean?

It means you might need to sell immediately, irrespective of whether you’re up or not. Your cost basis doesn’t matter — bozo — move to cash.

I’ll be taking my own advice this morning — especially with crude and treasury yields dropping. My largest position is NUGT now — which should run a negative correlation to the market — on the cusp, on the bubble, on the verge, of breaking — the fuck — higher.

Futures are -180.

I blew out of GRUB today — made some coin — what else is new. The chart looks phenomenal — but I didn’t want to be in that shit-house for earnings — slated to post in the morning.

Food for thought.

None of you know what you’re doing. You do not analyze fundamentals and you do not have access to Big 4 accounting firm balance sheet analysis and have no idea if your stocks will beat numbers or not.

REMINDER

You’re not investing. You’re trading.

REMINDER

You don’t know more than me. I don’t know more than the market.

REMINDER

When up on a stock, or even down, barreling into earnings — sell it.

Why?

Because you don’t know anything.

What you can control is the manner in which you decide to trade — smart or stupid.

Leaving the outcome of your trade to fate or luck is stupid. You can risk it if you want — sitting atop gains, or feel nihilistic. I sometimes do it. But speaking to many of you the past year, getting to know your struggles — you have no business holding stocks into earnings — especially after a healthy and bright run in stocks.

Now go to bed.

Gold is vacillating between a very tight range — and on the cusp of breaking a 5 year resistance level. Earlier this afternoon, Yellen said the Fed’s next move might be to cut, instead of hike. At a minimum, this is misinformation. But in the event this were to be true, you can rest assured, gold will fantastically break higher and eclipse the highs enjoyed in 2012, some 40% from here.

“Of course it’s possible. If global growth really weakens and that spills over to the United States where financial conditions tighten more and we do see a weakening in the U.S. eonomy, it’s certainly possible that the next move is a cut,” she said. “But both outcomes are possible.

Top picks: NUGT, GRUB, ESTC

UPDATE: I sold GRUB, +4.6% — not holding this shit into earnings.

I need to get out of the God damned house for an hour or two. Working from home certainly has its advantages, with the only real disadvantage being it fucking sucks. Stuck in the house, away from the civil world, unencumbered by the vapid and disgusting conversations that could be happening with intelligent life — instead entreated to a diverse world of looking after dogs and scheming ahead for dinner. Now that I’ve taken to cooking, I find my life to be very similar to, dare I say, a house wife.

Emasculating? Perhaps. Then again, I’ve always been comfortable inside of my skin.

Boring is more like it. The repetitious cadence of hearing the plumbing whizz throughout the house — and seeing how the afternoon light casts off the scales and recoils — makes me want to bash my brains against the wall and out.

I’m sufficiently entertained with my online ‘persona’. I could only imagine how dreadful life would be without it. What do work at home Dads do when they cannot find conversation amongst a common minded folk online? Do they simply whither away into dust and go bizarrely insane?

Don’t talk to me about the fucking markets. I’m the fuck — out of here.

See you in a few.

PS: I’m not actually going out to do anything fun. As a matter of fact, I’m going to the grocery store. F-M-L.

Just as I thought, crude made a move and it was higher — buoying stocks — causing a sharp rally. Will it last? The fuck do I know?

I bought some COHR — because MUH lasers. Also, I bought PTI — because I like money.

Semis are strong AF today and I don’t have the heart to short anything here. But I also cannot buy much more.

Time to eat a sandwich.

I sold SSNC, HUYA, YEXT, and ZYNE for mixed bag of nuts. With some of the proceeds, I weighed into NUGT and made my position magnanimous — a 15% holding — maximum for me.

I want to buy inverse ETFs, conduct ritualistic sacrifices inside the Grande Druid Lodge, and oversee the markets dive back into misery. But that’s just me reflecting my own disapproval with my current state of affairs. Knowing this, I am going to remain in cash and permit the market to go down a day or two before acting.

Cannabis stocks are cracking under the pressure of a grande stupidity infectious to those who smoke blunts during the evening and buy securities in the day. The people who are long pot stocks are, mostly, the dumbest people on the face of the planet. This is a small side effect of cannabis — a deleterious raping of the mind by a drug being marketed as a cure-all for any ailment presently trending across the healthcare community.

Need a heart transplant?

No problem — smoke some pot and you won’t need one. The heart will heal itself.

Look you, I don’t have time for this shit. Let’s just agree on one salient point.

NO ONE IS WATCHING GOLD. You should be watching it. You should also look at the chart, really look at it. LOOK AT IT.