iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,458 Blog Posts

LE FLY CLOSING OUT 2022 AT RECOURD HIGHS ***

Gents

What else is there to say? Since launching Stocklabs I have made my trading completely open and tracked via portfolios and have shone returns of 218% in 2021 and 62% in 2022. My 2020 was even better — but since I only traded inside SL for +53% of it, I won’t boast about it here in this blog.

Why do I tell you this? Am I perhaps offering to show you the secrets via a very affordable COCKLABS membership? ABSOLUTELY NOT.

See pal, fish can’t fly and birds, for the most part, cannot swim. Track stars are born — not made. You want to have nice returns like Le Fly? The answer is simple: fish less, eat more fish. Just follow my trades and live happily ever after. I am doing the hard work for you — possessing the innate skills that are necessary to achieve supremacy.

In the past there have been folks, like JMORON and GOLDENJOE, who came to Stocklabs for a few months — blew themselves to fucking smithereens due to misalignment and “discretionary” sojourns, and then had to quit the service due to lack of funds. I will tell you and show you how I do it. If you attempt to do it yourselves, odds are you’ll end up like JMORON outside with a tinned cup and homeless dogs looking for scraps of sandwiches to warm up his body for the winter cold.

I don’t have a wine cellar or $8,000 worth of cigars, 100,000 rounds of 50 cal ammunition: but I have talent and over time, especially if I am able to stop Mrs. Fly from spending all of my money, I too might scrounge up enough coin to buy 100,000 rounds of ammunition to prepare myself for home intruders.

Comments »

UPDATE ON THE STOCKLABS MEAN REVERSION TOOLS

We haven’t had an oversold signal in months. For the year, the account I dedicated for the algo account returned 12%.

It has been very inactive due to no signals and solely dedicated to only OS signals. In 2023 that is going to change, as I intend to also include the overbought algos into my trading. It seems, and this is new for our algorithms, the bear market has produced actionable and profitable trading opportunities on the short side.

Here is the data for QQQ overboughts in 2022.


That’s an average loss on the QQQ of 4% following an overbought signal over the past 12 months. That’s enough for me to determine it’s worth a shot, using inverse ETFs to position into this periods of bullishness.

Overall, I suspect markets will be bludgeoned in 2023, which fits my world view and makes me feeeeeeel nice at night.

Comments »

The Pain Trade is DOWN, Always Down

I like when bulls pretend that the “pain trade” is higher, always higher, as if Main Street NPCs were out there taking money out from their 401ks to sell short. The fact of the matter is, the pain trade is always down, now and forever. We are having a bit of a rally here, which can be construed as a “relief rally” from all of the pain and suffering absorbed by longs during this months of December.

Krampus was hiding inside your Xmas presents and as soon as your children opened them — he jumped out and ate them.

Look at the surreal carnage done the past 1 month.

I had large directional bets to the downside heading into today, to hedge a 100% long portfolio — which is a PERMANENT fixture now that I am letting Stocklabs choose my stocks on a weekly basis. I lost a quick 10 grande and closed them out, not because I like to lose 10 grande — but because I had to adhere to what the market was saying.

You might not like the truth, but there it is.

Although tempted to apply upside leverage and take advantage of this rally, I will wait for the intra-day charts to mature so that I can draw lines on them and completely control the market with them.

We should be fine today and possibly tomorrow. Tax loss selling is done and most of the market retards have been wiped the fuck out. However, and do not forget this, January looms.

Comments »

THE FLY SHINES IN THE MIDST OF RAMPAGING RAPING BEARS

I feel at comfort in a market that is truthful. When I say truthful, in this instance, I mean sharply lower. There is no filler or fancy talk — just the resolution of prices. All of the talkers get their faces ripped off and the market regulates itself, casting aside the excess waste and perfidy that has helped us create yet another Federal Reserve bubble.

Once upon a time, when it suited me, I was a fan of the Fed. Now I have come to realize they are a criminal organization that is not only incompetent, but also operating with the modus of malice.

Markets are lower because they belong terminally lower. America as you knew it has ended, and in its replace is a curated cut out of a corporate hierarchy powered by poor genetics, just like the movie Idiocracy. One does not go long the nascency of Idiocracy.

I am PERMANENTLY BEARISH because that is the truth and to lie is to be degenerate and The Fly doesn’t lie because he isn’t degenerate. .

I would’ve drawn down 2% if not for my masterful trading. I have been taking 10-20% weighted positions in downside ETFs to hedge a 100% long book, to varying degrees of success. Today I managed to reduce losses to just 17bps, with a 40% short hedge into tomorrow.

As always, all trades are broadcasted inside Stocklabs.

Comments »

BEARISH: ONLY WAR CAN SAVE US NOW

Listen to me.

Everything is rot. There are no safe haven in energy or defensive candy stocks. The only place you can seek refuge is in defense stocks, as we militarize and ebb ever so closely towards TOTAL GLOBAL WAR. You might not want it. But that’s exactly what you’ll get.

The idea of owning stocks here is hateful to me. I have been heavily shorting them all afternoon and came in here 40% short via 3x inverses. We are busting down and there is nothing in the way of lower prices now.

All eyes are on January, and a potential bounce. The problem with that, frankly, is Biden. He won and the democrats are FIRMLY in power and everything they do is counter-growth. Not only do they hate you, they also hate the market and they don’t care if you’re losing money, as long as their social agendas continue unabated.

I am currently down 15bps for the session, teetering between red and green — because I am a professional.

I warn you here and now: STOCKS WILL BE BLUDGEONED IN 2023 AND MUCH MUCH MORE. Earnings are declining for 4 quarters now and cash is burning faster than you know. There is no hope for any bull market, only in the market of war and the companies who make machines that kill people.

Comments »

NATURAL GAS COLLAPSES TO PRE WAR LEVELS

We were told fanciful stories of the entirety of Europe would freeze, Africa would starve, and America racked with inflation by year end due to the Russian invasion of Ukraine. They even blew up the gas pipeline to Europe and still, at this moment in time in the cold winter, Europe has not frozen, Africans still have food, and American inflation has abated.

Most interestingly, natural gas prices are now BELOW where they were before the war started.

I was told Europe could not subsist without Belarusian fertilizer and how oil would jimmy to $300 due to lack of Russian oil.

The truth is, Japan just resumed oil imports from Russia today, gas is getting into Europe from Russia through Turkey, and wheat is being shipped out of Ukraine like nothing is happening inside the country.

It appears rumors of shortages have been greatly exaggerated. The next potential black pill to scare people will be the US housing market this spring. Will it collapse? How could the plebs afford such prices at such yields? We will find out.

The major takeaway is to avoid getting caught in a thesis, a core belief that ignores price action. Had you told me MOS would be $43 by year end with the fertilizer shortage and inflation, back in March, I’d say you’re crazy. Nothing humbles a person more than being wrong and losing money because of it. The best chance we have at making any money in the market, especially in a bear market, is to trust our instincts but also verify and continuously check to see if our beliefs are actually resulting in progress.

For example, PERMANENT BOOLS thought they’d have a good Christmas following that wonderful Thanksgiving, but instead got the worst December since 2002.

Comments »

A LOT MORE DOWNSIDE TO COME

Observe.

Whilst you may feeeeeeel like this market rout needs to end, the fact of the matter is, plainly, it has only just begun.

This is the best I can do for you, to warn you of the fires to come. This doesn’t mean we can’t rally 500 NASDAQ over the next week. I am simply stated the overall trend is lower and that all delusions to the contrary should be discarded. The notion of finding a bull market inside of a bear is also folly, so stop looking at gold as a way to play the long side. The only way to play a bear market is to sell it short.

Good day.

Comments »

CONFLAGRATION LOOMS

You might not see it now, but a great conflagration with Russia looms. To some, a war with Russia is desirable — mostly because THEY won’t be the one’s doing the dying. Even if all of the absurd rumors were true about how Russia keeps bumbling over themselves in The Ukraine, they’re still killing 1,000 Ukrainians PER DAY. How involved do you want to get in a situation like that?

Russian submarines sashaying near your faggot beaches, deploying leg cutting drones off your coast to get rid of American swimoooors?

Or how about they just cut the transatlantic fiber cables, ruining your Netflix and Chill schemes?

Or how about they torpedo all of those super cute LNG tankers floating across to Europe, turning them into little Chinese floating lanterns?

Or maybe they’ll nuke your home town because its home to an Lockheed factory and they figured, as all Russian villains do, that to nuke it makes more sense than not to nuke it.

Thank God nukes aren’t real.

Either way, we have the retarded Poles itching to fight and all of the Baltic retards with 1000 toy army soldiers hankering, mind you, for war with Russia — mostly because they’re MUHHHHHH NATO and American lives are cheap and used to spread its degenerate brand of GLOBOHOMO far and wide.

It seems, and this could be me black pilling again, there is no way out of this — when you have literal morons in charge of these affairs in DC and Kiev, clamoring for more violence and more ritualistic humiliation. If I had to bet, I’d bet on a hot war with Russia by summer, only because NATO cannot afford to lose in Ukraine and the cohesion of NATO is far more important to America than peace in Europe.

How does one play this?

Longer term: defense contractors, risk averse stocks, and selling short. My core thesis for 2023 is substantially lower prices. Although we dropped 25% in 2022, it was far too little all things considered. Prepare for many legs lower and prepare for the great apocalypse — for it is knocking at your door.

Comments »

Tesla Tankage Continues

They don’t have any debt, but Tesla is behaving like they’re on the verge of bankruptcy. I can only assume the real reason why TSLA is down 40% over the past two weeks is because Elon Musk is releasing the Twitter files, essentially becoming a whistle blower against government corruption in their attempts to suppress speech. I know I know, you left wingers don’t like free speech and it goes against you’re fucking programming — but that’s exactly what is taking place — unvarnished and without filter.

Perhaps this all pertains to Elon’s leverage to buy the shitbag Twitter and that’s the reason TSLA is circling to zero. Or, perhaps their government subsidies will be stripped away from them, Elon arrested and imprisoned for treason. Either way, THEY are certainly out to get him.

It’s a very brave thing to see Elon buck against the orthodoxy, shoving their left wing dogma where the sun doesn’t shine. But I’ve seen this before, well not exactly this. But I’ve seen other “trailblazers” and it always ends the same: THEY WIN: we do not. Things go back to the way they were, wars happen, Americans stripped of more freedoms, everyone is trans.

As for markets: both cataclysm and doom are striking at once to cap off a year where fuckery reigned supreme.

The way my new trading goes, I’m 100% cash now and will allocate after 12pm. I’m down 64bps with a 10% TZA position in place. I walked into today 20% SQQQ and then traded out of it and also a quick SOXS trade. I was thinking we’d rally today, but this is what we got.

Comments »

2023 Will Be a Great Year…For Me

Over at Stocklabs, I have lots of pro tools in the wings and plans to generally upgrade the system to enable users to play with themselves with unending joy and happiness. Truth be told, the greatest upgrade to Stocklabs, however, will always be me. Over the past year, I’ve managed returns of +62%, mostly through betting against markets. The difficulty some members had following me was due to my former frantic pace of trading, which has been GREATLY cleaved, as I now wholly depend on weekly quant picks from Stocklabs, supplemented with my timely hedges or leveraged longs. I have not felt this confident in a stratagem in quite some time and can tell you now, without equivocation, 2023 is going to be a grande year of Señor Tropicana. BRACE YOURSELVES for extreme winship and gains of a ribald nature.

Since it’s the holidays and we like to keep it fucking light here at iBankcoin — I’ll update you on my recent obsessions. For those who follow me a long time, you may or may not be aware of the fact that I tend to hyper fixate on things and really learn the subject until I get “bored” or move onto the next thing. Presently, I am fixated on Pinot Noir wines, shetland wool sweaters, and amusingly Hemingway again. I’ve also been reading Dorothy Parker and have Sherwood Anderson on deck.

I’ve come to realize, as I age, I am different from others and my fixations are not shared by others. I have an extensive book collection and have been building a formidable wine collection as well. For Xmas, I received a humidor. I am not a big cigar smoker, but do enjoy pipe tobacco on occasion. I have come to learn, through the humidor community, improper humidity levels can in fact produce TOBACCO BEETLES, which is hilarious and also horrifying. I expect to be wholly consumed and obsessed with cigars by spring.

Markets should perform well for the balance of 2022, at least I’d like to thing so after 3 glasses of Santa Barbara Pinot.

Comments »