iBankCoin
The first hit is always on the house.
Joined Aug 2, 2009
1,781 Blog Posts

NO APOLOGIES

I read a comment that rubbed me the wrong way this morning and felt the need to speak on this topic just a bit.

I blog, unfortunately. As a blogger I put myself out there. Putting yourself out there is stupid…as in this day and age, people walk around looking for opportunities to scoff, mock, put down, or throw feces at you. In many cases I go beyond what most are willing to sacrifice in terms of market, stock, and predictions in general.

Why?

Most avoid this for lack of skill. Others avoid this for fear of being wrong. I do it for the opportunity to be right and highlight some things that others might not see or think of themselves. If I were going to read a blog, that’s what I would want to read, personally.

By putting myself out there, I get to deal with a lot of the negativity of people. I opt to have fun with it.

My online persona?

I’m a total dick. I do this on purpose too.

100% of you that have met me will have nothing but nice things to say. I’m one of the nicest guys you’ll ever meet. I take care of those who belong to my services, or to anyone that I can lend a hand to.

But my standoffish online personality, it triggers emotion. It makes people read and listen. It eliminates the dumbshit questions too, since you know I’m going to rip and humiliate you if you come here as a dumbass. It also helps to filter those that I work with within the walls of my services. I opt for quality, not quantity.

So let’s all be content to generally offend one another, shall we?

I bought some $SNAP calls at $22 here moments ago. I suppose we could talk about this again too?

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105 comments

  1. whatsanoption

    CANCEL ALL ORDERS

    CANCEL

    ALLLLLLLL

    ORDERSSSSS

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    • tonka

      The last 10 ticks in SNAP have me very worried. Will I lose the profit I rolled?

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      • Husaria

        10 ticks? Really? $Snap volume is at a relative trickle today. That 10 ticks is like what…..47 shares?

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        • tonka

          At 12:43 the 522 share order pushed the 2 period tick level RSI to 99.9755. Never mind 6 straight days trading at 22.70. It’s all down from here. Mid teens here we come!

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  2. tonka

    But seriously…your blog archives are probably the best short term trading education one could ask for.

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  3. AFlow90

    I said this exact thing to a friend 2 days ago. He only reads the blog, hasn’t participated in AHWOA or a Boot Camp yet. The personality of iBC is deliberately overwhelming, and I love it.

    I don’t know where people get this insane sense of entitlement. Like, they’ve found a guy on the internet who knows how trade. The results speak for themselves. They do not pay this man, instead opting to just grab the “free scraps” posted here. They then get pissed when you a) don’t respond or b) things don’t work exactly how they thought it would. It’s insanity.

    Keep doing you bro.

    I’ve been adding into SNAP this whole time. Chart remains gorgeous (same page, for once!). The only real risk here is time. I may have gotten too aggressive with some of my short-dated stuff.

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  4. hattery

    The only thing that worries me regarding SNAP is that stocktwits people probably watched on the sidelines as you made the perfect entry, then saw you win… wanted to be in on it and now the “contrarian indicators” joined us. Hopefully they’ll capitulate rather than just staying on and being angry about themselves — all while deflecting and blaming you because their ego cant’ handle responsibility for their own losses and poor risk management.

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  5. doubleplus

    Bottom line: Met Jeff in Vegas and can confirm he’s a really nice guy. Online, he can come off as kind of being a dick. If that hurts some feelings, well – it’s the fucking internet, so deal with it. Personally, I find it pretty entertaining.

    A lot of the emotional comments the last few days are coming from late longs or people who are staring at their accounts all day. If you’re freaking out about a 2% move, you might be overallocated. I’m wildly overallocated here, irresponsibly so, but I’m also okay with letting this trade play out. You’re responsible for your exit strategy – no one else is responsible for confirming your trades. It’s ridiculous that this even has to be mentioned. End of rant.

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    • hattery

      +1

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    • metalleg

      Gregg Popovich often comes off like a dick but he’s not a dick.
      Gregg Popovich might be the best head coach ever in the NBA.

      I see a parallel.

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    • awanka

      Love this. Some people follow OA to abrogate the responsibility for their actions. At the end of the day, we all own our trades. OA owes us nothing.

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  6. poop

    Don’t mind if I do!!!

    So… what ever happened to your AMZN short? lol

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  7. Angel of Death

    Dishwasher, how do you buy Monero bro? I’m not even sure when and where I want to potentially enter, but I’m going to start following it.

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  8. lesurgeon

    This is possibly a good sentiment indicator?…

    The week hands are getting frustrated, tossing in there hands and then lashing out.

    Flush the toilet.

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  9. Mensch

    Nothing but love and respect here man.

    Never mind the haters. A great man shares his gifts.

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  10. Husaria

    Considering all the insights he gives for FREE on this blog, he deserves a lot of credit. So much so, I joined and have benefited orders of magnitude more.

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    • Option Addict

      The SNAP blog idea was to walk through the process, start to finish. It helps with the real time analysis of emotion.

      When it’s all said and done, these will be valuable archives…even though there are destined to be losses along the way.

      I mean really, how many of you know people that get lost holding a map?

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      • greenlander

        In a way if the map is slightly off some people get freaked out like the trade is broken. It’s like babysitting begets more babysitting.

        Anyways, I like how things are slowing down today.

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      • moonshot

        As someone with military training in map reading…I know several. Give 30 college students maps, compasses, and step by step navigation instructions, where in theory they should all end up in the same spot…and watch as hilarity ensues.

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  11. jpmorgains

    https://youtu.be/iHP85bPokgA

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  12. margin call

    Used to write a much less trafficked blog myself. So know the feeling. I’d spend hours trying to condense something useful into a page. And then some jerkoff would respond with “TL;DR”. FWIW, I receive a tremendous amount of value by tuning it to what you write. And it’s much appreciated.

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  13. greenlander

    Jeff is the only guy in years I have seen consistently post their trades in real time over a significant time period. The only one. There’s a reason why others don’t do the same.

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  14. Darren

    Funny that this post even needed to be made. And surprised to see the comment coming from someone I believe has been a member of your services in the past if not currently a member.

    I for one didn’t understand the ego maniac accusation. Based on the posts I’ve seen from other bloggers on this site, Jeff is as helpful and insightful as you’ll get, even on things that would irritate the hell out of most people because of the number of times I’ve seen the same thing asked. I think a lot of people block out the method being taught and are only parsing the ideas. I’ve lost track of the number of times people have asked where Jeff thought a stock was going after they already took the position, and I think that highlights how people ignore the whole trade plan and basically just want someone to tell them what and when to buy / sell something.

    Jeff will put you in front of some monsters, it’s on you to manage the trade. If you’re having a lot of 100% blown out positions, chances are you’re not buying enough time. Swinging for the fences with weeklies in a small account can be difficult to absorb.

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  15. whittshaboi

    I could be wrong here, but i think this is your last chance to board this rocket ship.

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  16. og

    Just bought some of my first calls ever today in SNAP.

    Been visiting IBC for years, but I had to create a bookmark to your posts today. Your blog is a great read.

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  17. ferd

    “I opt for quality, not quantity.”

    I’ve spent years convincing my wife that quantity has a quality all it’s own.

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  18. ccassara

    Love it, keep taking care of us.

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  19. rwpage

    * gives insight into monster trade *

    DUDE THIS STOCK IS OVERVALUED

    * rips, then a down day *

    OMG SHOULD I SELL HERE?!

    * tells you to stop asking someone else to manage your trades because you’re a pussy *

    JEFF YOU’RE AN EGOMANIAC AND YOU SHOULD HUMBLE YOURSELF

    …my god.

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  20. matt_bear

    it’d be nice if our friend rampcapitalLLC paid us a visit.

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  21. lunaticfringe

    I got pretty raped on this trade, but I never look a gift horse in the mouth. Appreciate your content, this page, and check in 3-4 times a day. Probably could use some bankroll management training more than anything, and when I bounce back I’ll sign up for Exodus.
    25% bankroll stuffed into APR 7 25$ Calls avg 55c, bloodier than a Russian pro abortion protest at the moment. If you have 2c on this position I’ll take heed.
    #MAGA

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    • hattery

      bankroll management training. Use 1% position sizes for 3 months and see what happens for starters. If you can do that, you can give yourself permission to try 1.5% position sizes.
      Using 25% position size is like trading 200% of bankroll with a 12.5% stop.
      Using 1% position sizes is like 10% positions with 10% stop except you can have more than 10 positions and still have lots of cash left over.

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    • Option Addict

      I took over 1000% on the first trade, the second trade is still up handsomely. Not sure how a loss happened here, all things considered.

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      • lunaticfringe

        Thanks for the advice, I will certainly use the 1% stratagem moving forward.
        @OA I guess I got in too late. put in a sale order for 75% of my holding at .30c for the week and I’ll hold the other 25% and ride them into the ground.
        Honestly I’m a young guy and work hard, can still earn it back, no kids etc. I love trading but its only my second year, and trial by fire is how I’m learning.
        Up 100% last year grinding, had a few good trades, down 25% this year. My risk tolerance might be too high for a balanced portfolio, I’ve been swinging for the fences trying to get a decent bankroll to work with. Anyways, glad to learn this all when I’m young.
        Keep up the good work and I look forward to seeing you behind the curtain in Exodus soon.

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        • Angel of Death

          Start 1% like Hattery said. If you feel like taking on more risk than is recommended only do it with house money, i.e., parlay winnings into bigger and bigger trades. My best runs have been by this method. But return to your base bet when things are going shittily, otherwise you go on tilt and light your bankroll on fire. Trust me, I’ve seen both sides of this coin.

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        • shy

          I support bankroll management. A late entry with a higher probability of loss corresponds to a smaller optimal trade size (or no trade at all).

          Here’s a graph from one of Hattery’s articles illustrating the effect of trade size on long term growth, including the hazard of excessive size:

          http://ibankcoin.com/hattery/files/2017/02/IMG_0956.png

          The article includes some background on position sizing:

          http://ibankcoin.com/hattery/how-many-trades-should-you-have-at-once/

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      • moonshot

        I got in when it was still in the 19s, and made 750% on the first trade, which was 3/24 $20 weeklies. Held on to 3/31 and April 21 calls purchased at the same time.

        Signed up for an annual AHWOA membership with a small portion of the proceeds. Thus I got to hear your roadmap before you posted it on the blog. When the price shot up on Monday right according to plan, I closed the 3/31 calls, and strongly considered buying weekly puts near the close to ride it back down through mid week, but held back–of course now wish I had pulled the trigger.

        Yesterday I loaded up on more calls, bidding low enough that it took a while to fill and one order only got a few filled. I also added more today.

        I have an oversized call position open right now, massive upside potential, and even if ALL of them went to zero, I will still have made money on the trade.

        What am I going to do, bitch that OA didn’t tell me to buy puts on Monday? I’m no expert but I’m not a baby. I’m not under the delusion that ANY deviation on ANY price action over two solid weeks makes his advice wrong. I’m also not under the delusion that 100% of his picks will pay off.

        With his very transparent track record over a long period, I think he is more than humble enough, online persona included.

        OA, thank you, and I’m looking forward to the next year of learning and winning with you.

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  22. Thankful n00b

    I am not a member of any service on IBC. I have been creeping these halls silently for years, and in the process have made thousands upon thousands of dollars from the scraps you and Fly lay down from time to time. And I’m a complete piker who is buying stock in his IRA.

    I followed you in to a few trades, and you have changed my retirement outlook, quite literally changed my life. Twitter took me to the land of milk and honey. I have now done the same with SNAP, where I took my nice gain and peaced out early. Same with Fly’s post-election infrastructure and financials trades, and Brexit last summer.
    My only regret is that I didn’t follow OA junior’s buy list this month.

    Sure, I could have probably found good advice on other blogs, but you guys seem to be genuine and unvarnished. The fact that all of you give away information that is literally worth thousands of dollars should not go unnoticed. For every asshole that loses his shirt, there’s at least one like me that you have accidentally enriched.

    Keep on keepin’ on, bro. I promise when my kid gets out of college I’ll join your service.

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  23. gregoryajohnson

    I miss you …

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  24. awanka

    You posted a guide for printing money these past weeks, and these ungrateful sorry sons of bitches are giving you shit, OA? Point them to me. Let me get my hooves on them.

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  25. awanka

    Bought more SNAP.

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  26. Z

    Whether SNAP does the final big move or not – OA nailed the first 20 percent move and put it on people’s radar. I made overall about 550 percent on this week’s 23.5 calls – I got a whole bunch the middle of last week and then sold portions of them into the rally the end of last week and Monday this week. What I did NOT do was then invest my entire gains again into SNAP calls but used a 1/4 of the gains to purchase future call options which might or might not pay out. From what I am reading – people are angry because they either used all their winnings to buy more calls or they entered late and not when OA and others did and so they missed the move.

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    • tonka

      Always confuses me. How can someone get mad at losing house money? Plus, if you’re holding contracts in the low 20’s and it runs to 30+, if you didn’t roll your profit you’re gonna be dealing with some pretty illiquid strikes.

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  27. dragun

    weeklies got smoked. but still siting on a large position to the 21st.

    This will just get bears and naysayers so against the position that I am serious it will crush OAs price target expectations.

    blog pic

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  28. LP

    …looks like i picked a hell of a week to quit drinkin’

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  29. Beechoo

    wow, so there are actually people complaining about your SNAP call? I don’t get it. It’s up from where the initial purchase was. The pullback has been pretty minor.

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  30. Shaboi

    Bulls seem to want to defend $22, but otherwise no one rushing into buying the stock yet.

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  31. sia

    Why are people here so obsessed about buying Snapple stock?

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    • Option Addict

      Last ten blog posts were about a purchase of this stock.

      Dicks out for $SNAP!

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      • AFlow90

        You probably don’re even realize how true that statement is. The only reason SNAP even got to go public is because millennials enjoy sending dick picks via snapchat.

        …..myself included.

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  32. dlrago8

    Anyone bottom feeding on LULU today?

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    • moonshot

      Well given the volume, I’d have to say yes…but I’m not one of them.

      Whether it’s actually the bottom, or will show signs of life any time soon, well those are different questions entirely.

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  33. no_logic

    Going back and looking at the TWTR chart from 11/27/13 through 12/3/13 gives one a little more appreciation for this time period of back and forth churn after a strong move off the lows…that was about 4-5 whole days before the next major push higher, so looking to tomorrow or Monday for that move if history repeats itself….

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  34. Z

    I’m just glad no one is posting about CMG. It might remind me my 250 percent gain could have been 3000.

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    • vcunning9517

      That is what I have been thinking about for the past two days. 🙂 CMG not SNAP

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  35. bushwacker2

    Hey douchebags you’re not entitled to profits so stop blaming OA for your misfortunes. You will suck at all this until you take responsibility for your screw ups.

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  36. GreenMachine

    OA – pay no heed to the silliness. The iBC crew are the last men standing in the blogosphere. You call it as it is win or lose and are owed a huge respect for that. Can you even believe someone is upset that they can’t get consistent 100% returns for free? Just an idea, but the 2013 OA vs. the 2017 OA – how about putting into perspective the actual FUCKING market? I am still in $BAC from your analysis and awesome call from nearly 2 / 3 years ago? I’m up nearly 60% in that move and fully invested in stock not options and holding for as long as it takes for it to hit my target. That’s the beauty of your analysis on top of the fact that your ideas HAVE an analysis. You hand everyone a map – so they can do with it what they please, and you are willing to look through other people’s ideas, no matter how random.
    Cheers!

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  37. bushwacker2

    Confucius say, skilled analysis is mastery of observation; skilled trading is mastery of self. Not same ting, Two different, egg rolls.

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  38. cdawg

    Last time I saw this much hub bub about a OA pick was with a gal named $ANGI. Wonder what she’s doing now…
    Oh, and don’t assign others responsibility for your actions or sentiment. Those are yours alone.

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    • Option Addict

      That trade/stock went up for 18 straight days in a plummeting market.

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      • cduncan76

        It did and was another great call on your part. No sarcasm. Just remember all the pathetic “is the trade broken” whining on days it swooned a bit.

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        • doubleplus

          Dude, I’ve actually held back the impulse the last few days to ask if $ANGI is broken. That’s where we are right now.

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  39. Shaboi

    I think this board is a small indication of how emotional people are about this stock, why it makes such large moves and ultimately why this trade will pan out. A bullish move in sentiment will certainly power it much higher.

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  40. gudenaev

    Agreed, this SNAP trade is very ANGIesque, I can see a similar fate as well. Stock probably goes insane to the upside but all you will hear is the bitching about not hitting Jeff’s target by .20.

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  41. dlrago8

    SNAP green now … ah, now red … all right it is green again! … dang red now …one penny under the open then one penny over the open … I can’t take watching it any more! (just kidding)

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  42. vandamme

    Bullish option flow in SNAP 4-28’s (27s) this morning

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  43. aggiealum

    Wish Exodus had an chatroom app. Hope Fly’s post that OA will be inside Exodus for April isn’t an April Fool’s joke!!

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  44. burrito land

    Anyone taking a stab at $YY here?

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  45. Shaboi

    OA, I think this qualifies as the period where people have lost interest in SNAP before the rip higher.

    That’s all I’m saying about it today, I’m tired of talking about this fucking stock.

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  46. Nate

    If some of you could buy a bunch of LVS and push it over this hump, I’d appreciate it.

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  47. CDN_Plunger

    TWTR…Dec 3, 2013…

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  48. Darren

    Grabbing some AMBA 56’s here for next week

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  49. ThomasJefferson

    OA- are you still in $LNN? We’re right up at resistance and i was thinking about selling.
    I’ve got until June, but if it works it’s way all the back to the lower end of the range, and then tries to break out, I’d much rather sell here and re-load again in the lower $70’s. This was my target, but it got there faster than I thought.

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  50. Deep Lcky 11

    now will they let it stay green or will it sell off for the wk end that is the question for the $ that begins with S

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  51. Z

    Out of this week’s BIDU calls thoughout the day – got some next week’s a little bit ago.

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