The Reddit Top

There is no website that I hate more than Reddit. It is the epitome of bad — bad design, information, bad people. I used to cavort there and was even an admin on WallStreetBets for awhile — but was quickly infuriated by the brand of person who travels there. They are the very worst people in the world, pathetic even. The CEO is a liberal cock-sucking piece of shit and I really do hope the stock CRESCENDOS to ZERO — bankrupting all involved.

I was ENTREATED to early gains of 170bps and like a son of a bitch gave 90bps back, closing the day +80bps. I am hedged with a 12% SOXS position because fuck the semiconductors — but I really don’t have a strong bias for downside action.

I would hope, in a poetically romantic way, the IPO of Reddit ushers in the apocalypse — broken elevator pin action with accounts spiraling to zero and lower into the sub-basements of negative equity — squatters from Mexico taking over houses in America — supported by neoliberal laws that give them the right to do so.

Not a single person will do anything about — rather opting for supporting foreign wars in a distant land for their agenda.

I’d wish you good luck but I really couldn’t care less. Don’t be cross, as I don’t give a fuck if I make grandiose returns either — would prefer to bear witness to a catastrophic irreversible collapse rather than see this tape print another record high.

In Stocklabs, we have various tools to ensure that I have an edge over the lot of you plebeian class of investor, those scrounging around in search of good fortune. As many of you know, I make my own good fortune and have entrusted computers to assist along the way.

The question of “when should I buy?” is always tossed onto my lap like a live hand grenade. I have zero upside in answering it so I regularly tell people to “fuck off and hire an investment advisor” when they posit it at my person. However, the real answer is dependent on many things. If you’re looking to buy $NVDA for its AI exposure I’d tell you to dollar cost average once per qt for the next year, opting to not place earmarked dollars into it all at once now. Similarly, if you asked me “when is a good time to own $HOOD?” I’d tell you right now.

But there is data to review that can increase our chances at winning. For example, statistically the best time to own the $QQQ is October.

The best day of the week to be long stocks is Monday.

And the best time of day to buy them is 2pm.  If you’re highly autistic, this might appeal to your habitual ways.

I prefer to look at mean reversion vs momentum trading. Once upon a time I really liked mean reversion and made a living analyzing and acting upon it. These days I prefer buying into strength. The data suggests I am correct, surveying the overbought signals inside Stocklabs. Had you only bought the $QQQ when SL flagged OB over the past year, your win rate would be 90%, 9 out of 10 winning trades.

There are many ways to win and I am always trying to find new methods to improve my trading. I suppose the true lesson in all of this jibber-jabbering is if you’re not dedicating like I am in trying to trade better — how the fuck do you expect to ever be better than me? You can take that as a direct attack or if you prefer metaphorical. Take it however you like it. But you’ll never be great at anything without putting in the work. I almost feel like punching myself in the face for writing a Gary V line — but the point remains that many of you are lazy and try to take short cuts and blow the fuck up and out of the market. Compound your returns you stupid son of a bitches and be happy — God damn it.

A few days ago I came here to declare a rotation was underway and a sense of normalcy instilled into the market place with high beta stocks ceding to the high valued high beta stocks. It was their turn to rally, the fucking retards in suspenders were going to shine.

NOPE.

$CVNA and co are back to sprinting higher again and the commodity space, as underloved as they are, have once again taken a diminutive position.

Breadth is a middling 65% and yet all of the SAAS and solar stocks are rocketing. It’s a typical bull market session with breakouts all over.

I’m +150bps early going and I really should be locking in these gains instead of being greedy and searching for more.

NASDAQ jumped 202 after the FOMC did nothing but promised to cut rates in the future. I think it’s relevant to remind you stocks are at RECOURD HIGHS and they’re not correlating with your newsfeed, which speaks to a more blackened horizon and a Pax Americana denigrating before your eyes.

I also think it’s relevant to remind you to stay focused on what you’re seeing versus what you want to see. Deep down, we all want to see collapse, in order to feel alive and the period in which we’re alive to be notable and relevant. Those feelings that you have are wantonly narcissistic and have no business on a trading floor.

I finished the session at or near session highs:

Day trading +93bps
Quant +159bps
Strategic (long term) +203bps

My largest position is $BITX at 12% of holdings — based off the premise the Bitcoin is about to rig its way higher. After the close $MU is sharply higher, so we should expect new highs again at the opening of trade.

I have a difficult time reconciling the US 10yr at 4.3% an the FOMC’s plans to cut rates 3 times in 2024. Nevertheless, markets seems to be ok with today’s meeting and stocks are, more or less, fixed higher.

We were met with a massive green candle when the news was announced at 2pm and then a red one and then some small one’s and now it appears we might drift higher into the close. Since I am unsure, I am keeping my $SOXS and $TMV positions for the time being — but have a mind to close them out soon.

I do not view this tape in particular as something teeming with opportunity. I view it as a giant trap in one way or another, the slow churn up against a recent move to the upside might be a warning that prices are about to crack lower.

Trading on Fed Days is always stupid and it really increases the cortisol because the moves are often violent and misdirection before a major move makes itself known.

I see now we are cracking lower and the assumption here is we’ll dive into the close after an initial spike. But this might be another false move. I often do not posses much conviction on Fed Days until after 3pm.

Good Sirs —

The market is, in fact, consolidating recent gain, en route to its next destination. That move might be lower or it can be higher. During periods of indecision, it’s best to remain vigilant and small, taking profits along the way.

Traders are inexorably trapped in the ‘FagBox’

Your ideas and your dreams fall to pieces with the harder reality of the market. Whilst it’s true, more often than not stocks will mindlessly trade up and if you’re a clever man bereft of greed, you’ll get rich investing during your lifetime. HOWEVER, many of you bastards are greasy little greedy son of a bitches and want all of the money now — leading to eventual blow ups in the options, futures or margin trading accounts. This malady of yours cannot be cured and there is nothing you can do to fix yourselves, other than restricting yourselves from accessing these drugs.

I’m +43bps, with just two positions on the books now, one of which is SHORT THE FUCKING SEMICONDUCTORS via $SOXS.

I want you to take time to watch all of these videos. Maybe you know who he is and are familiar with his story — but I am very insular in the trading world and had no idea up until I stumbled across this priceless videos about trading.

As many of you know I’ve had spectacular runs and blows up too over the years. I am right now in the midst of a run, taking a $100k account in 2021 to $1.4m today. I am familiar with all of the emotions he explained in this unreal story and I marvel at the balls he had to make as much money as he did during his run.

He mentioned his average holding period was 9 days, which meant he was beholden to a trend and was likely timing bottoms to lean in heavily into a reversion move up. While I understand the mode of that style, I do believe day trading is preferable — because it eliminates the chances of large drawdowns. If you’re in the market at 200% equity for 9 days when the market plunges 15%, you’re cooked. I can talk about my strategy in greater detail if you like. I sort of figured you stupid bastards would never understand OR you’d simply believe you could do it better.

Enjoy.

Charles Harris is a swing trader who turned $35,000 into over $10,000,000 from 2019-2021.

By 2022, despite having almost 3 decades of trading experience, he lost most of it.

Here's short summary of his story: pic.twitter.com/qNXkWADCAp

— pedma (@pedma7) March 19, 2024

It's not enough to know which rules you're breaking.

You need to know why.

The same rules he wrote back in 1996, still hold today. pic.twitter.com/SLoF6td9j5

— pedma (@pedma7) March 19, 2024

In 2017, Charles had lost 87% of the money.

He recovered some of it in the first half of 2018.

But he was still down 80% from his 2014 peak.

At the start of 2019 he was starting with 10% of the assets he previously had. pic.twitter.com/mKNE1Gcay8

— pedma (@pedma7) March 19, 2024

In 2019 Charles was having a good year in his roth account.

He made 71% on that account that year.

That year he also refunded his margin account with $35,000. pic.twitter.com/DzBG4LEdRz

— pedma (@pedma7) March 19, 2024

His margin account was up 233% in 2019.

He achieved that by sticking to his old trading days, by taking fast wins and focus on compounding. pic.twitter.com/8XxY6zt8il

— pedma (@pedma7) March 19, 2024

In 2020 Charles had his biggest year ever.

His margin account was up 1,400% by end of year.

Through the year, he heavily deployed margin and added funds to his account.

At the last day of 2020, he had locked in an 8-figure gain. pic.twitter.com/xVhfGrKPvZ

— pedma (@pedma7) March 19, 2024

By the end of 2021 Charles made another 8-figures trading his accounts.

The 8-figure return was just 1/4 of the total return.

Charles had significant unrealized gains in Tesla, due to the changes he made to his approach. pic.twitter.com/h5ttG1n9cb

— pedma (@pedma7) March 19, 2024

By the end of 2021 there were a lot of red flags that signaled his run was arriving to an end.

7-figure days were no longer a novelty.

On big up days, Charles would take screenshots of his P&L and share them online.

Where have we heard that before? pic.twitter.com/QJJG3N5prp

— pedma (@pedma7) March 19, 2024

By the end of 2022, Charles almost completely wiped out his margin account.

He turned an 8-figure account into 6-figures.

A devastating loss. pic.twitter.com/YwSZvOGh36

— pedma (@pedma7) March 19, 2024

Here Charles describes what he believes to be the problem with his boom and bust cycles.

I personally don't think that this reasoning leads to a practical solution.

But I leave the video to end his story.

I'll give my own observation below. pic.twitter.com/xsY91fP56P

— pedma (@pedma7) March 19, 2024

Almost with religious fervor, I leaned into the oil sector with both alacrity and possession — fixated on the idea of sharply higher crude prices in the not-so-distant future — amidst burned out French APVs and pickets.

With WTI in the mid $80s now and the world ebbing into an inextricable conflict with Russia — higher prices of crude is all but a foregone conclusion.

Meanwhile the fucking retard who resides inside the White House can barely walk up a flight of stairs has decided to run for a second term, all but assuring a national funeral and succession by the biggest fucking moron to ever step into the Oval Office. These people have depleted the strategic petro reserves in an effort to “hurt Putin” and now find themselves at decades low in oil reserves, whilst also trying to keep inflation down and “defeat Putin”, having to buy it all back.

Some might argue that ‘it’s over’ and we are all voyers in a long drawn out process of collapse. While the trends appear to be worsening and the country diving into shit-tier status — the initial steps of corrective measures are being made by isolating the problems, exposing them in an attempt to destroy them. This only can get fixed from the inside — good people elected into office with the support of institutions. You and your retarded friends at the rifle range aren’t going to overthrow the govt.

On the upbeat note, I finished the session down 37bps — but have strong hopes and dreams about making it all back tomorrow.

Greetings and salutations —

I was racked heavily with losses at the onset of trade thanks to a $BITX position gone awry, as the fever in cryptos abates. However, I am preserved like a jar of jelly in a pastiche of lower beta and oil fruits, down 40bps for the session. I’m also leveraged long completely, eagerly awaiting for the fires to burn in the oils.

Inside Stocklabs the data cannot be denied any longer, pertaining whether or not rotation is underway. We have 85% of drillers rated strongly, whilst only 18% of high beta stocks are favored by the algorithms.

The median tech score for highly rated Basic Material stocks is 3.8, whilst tech is 2.8. As such, I will continue t avoid high beta tech with the hopes that France will APE int Ukraine and get bogged the fuck in and out, causing Brent t GIGASPIKE to $125 and more. I do not have any control over global events; the least I can do is help profit from its demise.

We’ve been waiting for a comeuppance for some time now and have wistfully game theoried all possible outcomes and eventualities. At some point, the free ride will end and the sins will come due and prices will be paid. There is a very static compression amidst the status quo now, buoyed mostly by their arrogance and coddled lives.

I have taken it upon myself to almost always peer out into the future in search for societal collapse. I’ve been right in 0 out of my last 100 predictions but hope that this time will be different.

If you’re content with the way things are inside your cul de sac — exercise some third order thinking and game shop America in 2100, as your great grandchildren attempt to escape the cannibal hordes razing the American flatlands in search of meat.

At any rate, it’s not your job to do anything, nor mine. We are just voices in the wind, which can be picked up by or serve to inspire decision makers who can execute change. We are not war lords or members of a militia and do not have real power, other than what has been given to us by God. In this economic zone there is a bull market and that bull market continues unabated. To stop the GLOBOHOMO — you need a strategic loss of kinetic nature to occur, in order to truly expose how incompetent they are. Most people are happy with their 401ks and their gay lives and are entertained. Only hard times can solve the disease racking the country and in order to get there — no one will like it and everyone will pine for the days when our biggest problems were TRANNIES on beer cans and black women aspiring to become pilots. NEVERTHELESS, this crucible is all but a forgone conclusion and it’s going to happen, as sure as I am sitting here.

I shed 58bps for the session, closed the day leveraged long and bullish into tomorrow.