One of my favorite pastimes is viewing the idiotic behavior of my peers. Whether at theater, dinner or at Target Corporation [[TGT]] , I enjoy observing human behavior and people with flawed overtones. “Normal people” are boring, but most likely to murder you over the last pair of black socks, size large, at Target—fyi. In general, people are narcissists, always putting their own ideas or causes ahead of others. I especially enjoy when people talk about themselves, as if anyone cared. The same flawed people trade the stock market and think the entire investing world revolves around their actions. You may know who these people are when hearing them say “Oh, I just bought XYZ, watch it go down now. I am such a jinx and fucking gayyyy.”
As I write this, they are tossing their entire accounts into an ideology that is basically a fucking guess. Whether it’s long or short, the crime is the same. NEVER go “all in” based upon what you believe will happen in the market. As a matter of fact, unless you have a serious edge on something, NEVER go “all in” period. I hear people say this (going all in) all the time and it makes me sick. There are no fucking short-cuts in life. If you want to build wealth, it takes time to build an account, through consistent contributions and discipline. Do not be the albatross on your family’s neck, by way of losing the entire family nest egg, because you had a “smart idea” that didn’t pan out. And quit watching Wall Street so much. You’re not Gordon Gekko.
On a separate note, I hate snow. And, if I might be so bold, I fucking nailed the [[TLT]] trade, thus far.
Today is a do nothing day. So go outside and play with some snowballs.
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This market boring. Up one day, down the next. No true direction. Or is it that noone trust the market anymore.
I’ll just talk about you and how you FUCKING NAILED that TLT trade…and because I’m no piker and subscribe to the PPT, I also benefit from your TLT trade…enjoy your weekend
There is a bit of irony to that sentence.
I was hoping you’d see that, you’re no slouch senor Fly
You are getting rather philosophical lately. I may even save some of these away (for posterity) is some of my investment notes and readings.
Ok, Mr. Narcisstic, I mean Fly. Enjoy the snow.
Not true. I am, in no way, a narcissist. It’s not narcissism when it’s fucking true.
This was one of the Fly’s best posts – understanding the concept of ‘Edge’ in the market is probably the first thing someone should learn before buying a single share.
On the snow part, I’m exceedingly happy that the east got the snow and we got nothing this year. Last year was the opposite so I now feel vindicated. Almost as vindicated as a certain hockey game coming up very soon…developing..
Go build me an igloo.
Ill build you an igloo, to cry in when canada walks through to the gold medal game today and proceeds to beat the americans like a baby seal.
Dude, you were SUPPPOSED to get snow! You were the site of the Winter Olympics.
Idiocy, it’s like setting the Winter Olympics on the set of Frazier.
Rainy Vancouver. I’ve been there in February. It was about 50 degrees. Nice due dilly, IOC.
Whistler has bucket loads of snow! some jack ass decided it would be a good idea to hold some events on the north shore mountains.
Nice call on TLT. Got a sell target?
mid 90’s
By then it will be a $100 roll.
Craaaaaayzzeeeee.
____
Dear Mr. The Fly,
These past few days, the market has done disturbingly little. It feels like something is brewing. Enlighten us.
Warm Buttery Regards,
The Sax
“The Sax”
No one knows what that even means.
“The Fly”
da ball sax.
Da nutz sacs.
__
People aren’t smart enough to realize that they aren’t smart enough for this. Somehow “trading on the side” has become a way to secure a financial future. As if going up against guys/robots that live the market is a smart thing to do, in your spare time.
As for hockey, TA, Canada has this one in the bag. Canada vs Russia was like grizzly bears vs small children.
I’m Canadian, I was talking about the beat down the US is going to get after that first game
LOL
Canada deserves gold in hockey. After all, what else do they have?
Manufacturing curling brooms and rocks.
Hmmm … okay, I’ll bite. Please keep in mind that none of these are being asserted as belonging to Canada alone.
Peace, order, and good government; a high standard of living; an effectively regulated banking system; limited systemic racism; comedians that are actually funny; four clearly distinct seasons, a well educated populace and (just for Jake) universal healthcare.
Oh!! and curling.
I believe it also has goods friends to the south and east. But maybe I am just being naive.
Four seasons:
Early winter,
Mid Winter
Freeze Your Balls off Winter
Slush Season
_______
Ha ha, I, and the rest of the world, was thinking the same thing
losing that game was the best thing that could have happened to Canada.
USA is going to earn the Gold this year… in your house and in front of your fans
Thats where your wrong.
he might but you ARE.
Fly, can you hack into those robots and boot them up plz. Need some volume here.
Cold linguine hurled at hand-drawn charts tacked to the wall prevails over the musings of narcissistic men with expensive shoes. Developing…
Kind of like “we will close on LOD” and the market proceeds to rocket?
No. And by the way, you are undeserving of a Bender avatar, since you are a dipshit.
While I cannot deny such claims, I was only giving you a hard time. I think I will change gravatars anyways.
You should save those comments for people that don’t admit their fuck ups
From the iBC Newsbot: http://pragcap.com/ecri-economy-to-slow-by-mid-year
This is not good. ECRI nailed the bottom call when everyone was yappin’ armageddon. Raising my caution level up another notch.
time to get bold in ftk judging on graph , never seen an occasion like nowadays . stop just under recent lows-support .
got 20000 around 1.36 and will keep em through 2.5 , will leave them around 1.25
nice risk/rew ratio here .
And watch ARIA shares go through the roof and on this year through . No joke here.
Anticipating some MRK news are you?
As a matter of fact, unless you have a serious edge on something, NEVER go “all in” period…
Unless you can dump your losses on the fed and keep your winners you have no business in this market either.
Small rally into the close. SPY closes at 111.25
You have written some gems, but this…this is a masterpiece.
“There are no fucking short-cuts in life” – truth
Oh is that right indie!!!?