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
23,441 Blog Posts

It’s All a Scam

Europe is up more than 2% and U.S. futures are storming higher, based upon “good jobless claims.”

Trying to explain this shit takes the patience of an impotent grandfather. Let’s just make one thing abundantly clear: we will trade higher until we don’t. I will milk the upside as long as I can, then throw the hedges back on and live happily ever after.

Even though I am gaming this market, like a fucking space alien magician, I still hold a 40%+ cash position. Therefore, my recent gains are somewhat muted, aside from the sheer riverboat gambling going on in my personal accounts. Nevertheless, as of yesterday’s close, I broke the +40% YTD barrier.

What the fuck did you do?

Exactly.

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21 comments

  1. jg

    fig

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  2. DS

    Hey Fly, am I #1,000 on PPT?

    BTW, simply reading this site/PPT announcements from you has earned my old man’s IRA over 10% in the past 2 months… that includes the 3day settlement rule which limits trading. Much appreciation for this.

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  3. Kreizi

    Sittin’ and waitin’ on a bench, watchin’ the earnings’ joy folly to rise to the peak. Then I will deploy my cash and do some shorts.

    Fly, can PPT work with European markets or you don’t want to extend it?

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  4. jay the coffee guru
    jay the coffee guru

    I hate gloating, but is 52% oK? Now where is my next cartoon?

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  5. Yogi & Boo Boo
    Yogi & Boo Boo

    +29% YTD

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  6. Le Fly

    Great job on 52, but i am still cooler.

    I will not know who was number 1,000 until i get back to nyc

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  7. Le Fly

    Ppt could
    Work for europe, no problem. We have lots of american listed stocks there. If i wanted euro listed stocks,i would need a new data provider. At the moment, that is not economically feasible.

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    • omen

      How about some Canadian ETFs, like HXU.TO or HEU.TO ? Could we add those in, using the existing feeds?

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      • Bubbles

        I would also like Canadian stocks but we are probably the vast minority here.

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  8. catch.22

    PPT pays for itself within a week!

    FIG

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  9. xxxhuggiebearxxx
    xxxhuggiebearxxx

    stuck in the poconos with no internets ive resorted to accessing i b c on my kindle…so painful

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  10. panamaorange

    pared down to 2/8ths long in portfolio, and took a long a 1/8th position in VXX at 26.26. i still think dow 10600 is possible again. I just dont think its happening in a straight line. At least, not with the dollar holding up this well.

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  11. logicalthought
    logicalthought

    WOW! There’s some amazing performance on this board… As of last night’s close, I’m +20% YTD, and I thought I was doing well, lol.

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  12. charlie

    Hat tip, Senor

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  13. GETGroup

    YTD I am earning my “hurdle” and more…

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  14. genghis khan

    Fly- here’s a naive question: when you calculate YTD gains, that must be on closed positions only, right? So it does not account for positions you currently hold, like SD, FTK, CIEN, etc.? And, if you closed all your positions today, what would your YTD gains be, net? Hope my question isn’t too intrusive, just that when folks say they’re over 20% and shit, I don’t know Exactly what they mean.

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  15. Yogi & Boo Boo

    Anyone have Jeremy’s e-mail? Look’s like DB is down.

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  16. lol

    Is it too early to start hedging?

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