I’ve pondered this subject a great many hours. I’d query myself: “why am I able to make money in the stock market, while others struggle to stay above zero?” Over many years of research, both clinical and anecdotal, finally, I have the answer.
In my “field studies,” I’ve tested people with all sorts of backgrounds, sexual proclivities and of course levels of proper education. I’ve concluded, without a doubt, the reason why people do not make money in the stock market is because they, mind you, are fucking stupid. They are as dumb as a gorilla in a desert. There is no such thing as “perma-bear” or “perma-bull.” There is no such thing as “unlucky” versus “lucky,” only smart from dick-ass dumb.
You can argue with me all you want, but this research is definitive, having been established by the iBankCoin research lab in a “very scientific way.”
If you think I am suggesting that “The Fly” makes money in the market because he is smarter than you, that is correct. I do not hide my intelligence under some burlap cloak of disgrace. Instead, I flaunt it, like Liberace and his fucking piano fingers, with all of them diamonds on them, and shit.
The market is going higher today because smart people bought stocks. That’s all. When the market reverses and trades lower, smart people will sell their positions are go short (proper grammar is not required for smart people). It really is that simple.
With my money, I will do something smart.
Stay tuned.
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…is to join the PPT.
“It’s elementary, my dear Watson!”
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Auugh! You changed the front pic from Basil Rathbone’s Classic Holmes to that clever Korean lady… wha for?
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Do not question intelligence.
Are you quoting Kim Jong Il, here?
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Kim Jong ill (sic) is not smart.
He is a chia pet in disguise.
First, Kim Jong Ill’in (sic) thinks he’s smart, at least, hence my query about someone aping one of his statements.
Second, Rathbone’s Holmes was replaced by his girlfriend on the cover pic… soooooo…. QED!
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I’ll go first:
be a space alien magician, have a time machine, kick old men down elevator shafts
This is what i’ve been waiting for.
Join Goldman Sachs.
Become a US Senator.
Find D.B. Cooper’s money bags.
Welcome back, pal. Your timing is perfect…
I am not back yet. Still in a hotel and shit.
You forgot to mention it also takes balls the size of hot air balloons.
Truth!
The Secret to Making Money
buying BP ??
Creative a nation, fake a war and ask US for money to rebuild??
See “The Mouse that Roared.”
There’s a book for everything. In fact, they may even have made that one into a movie.
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I’M OFFENDED!!!
http://www.adamwhitley.com/post/690935718/dont-tease-the-panther
Rule #1 of trading is “Dont tease the panther”
The market will be ready to stop grinding higher, when the permadoom glenn beck crowd stops getting trapped short.
That being said, I am trying some DXD here. We’re 75% up the “megaphone bottom” I posted 2 weeks ago, in the dow.
Panama,
Your “megaphone pattern” was a winner. Excellent call and great work not being whipsawed…
I’m just glad Arch didn’t get shaken out.
Save for his gold, I mean.
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Arch must be smart, no?
Appreciate the compliment, Scott.
Megaphone , or “Broadening formations” aren’t too common, but, they seem to work well. http://thepatternsite.com/visualcpindex.html
You are one of the few traders that seems to be able to combine technical and fundamental analysis. I started as a pure fundamental trader. Then, i forced myself to learn heavy technical analysis.
I believe that traders should determine if they naturally lean towards a fundamental, or tech analysis, perspective (right vs left brained).
Then , they should deliberately train in the style that they are weakest in.
Also trade what you see and not what you predict.
The market does not care what you think and will do what it does.
Most traders will fail because they are too emotionally wrapped in their predictions and not flexible.
Most people need to get a good job, stop worrying about trading and average into various mutual funds or etfs over a long period of time making adjustments to take advantage of bull and bear markets and an eye on diversifying according to their stage in life.
Easy.
TC – People don’t want easy. They want to be right. They also find it hard to do things that seem to make no sense.
I live on a “lighted” stage, it approaches the un-real.
just so you know.
carry on.
I’ve heard you like to follow Tim at SOH – is this true?
Not sure if I’ll ever be that smart, but I keep working at it everyday…..I noticed it earlier and Jamie at live just pointed it out too….even though Eur/USD is testing it’s trendline, someone is really getting out of USD/JPY and it’s pulling back..fwiw……..Jake, For Investor Sentiment….still learning that too…I am REALLY STUPID and DENSE…..
Stupid is as stupid does. And what you do is far from stupid…
thank you, as I lick my wounds….VXX is coming close to support….and reading thur AA and NVLS and listening to CSX this morning w/decrease in export coal…etc….I guess market is pricing in a beat of earnings across the board at this point?
Mr.Fly, when you say “Yen is negative”, it means FXY is being negative? or USD/JPY is being negative? Thanks.
Do not request any of my intelligence, for, at the moment, it is not available for public use.
Epic post! First ballot echelon foe sho!
The V.King owns enough LMLP and APT to buy and sell most of your homes 10X’s…I know this since the Fly has told me that most of you live in trailors,basement apartments and homeless shelters….
Hey J.Gint have you ever played this drinking game?
http://www.google.com/imgres?imgurl=http://www.truecrimereport.com/aimee-louise-sword-aimee-in-car.jpg&imgrefurl=http://www.truecrimereport.com/2009/09/aimee_louise_sword_accused_of.php&usg=__B0ZNaow3jUM_Cpdkw1g1KH1DXN0=&h=300&w=291&sz=24&hl=en&start=2&um=1&itbs=1&tbnid=Z9oSrwYLZr8UwM:&tbnh=116&tbnw=113&prev=/images%3Fq%3DAimee%2BL.%2BSword%26um%3D1%26hl%3Den%26sa%3DX%26tbs%3Disch:1
????
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Yes one must admit.. Hey I don’t get any of this, but I will learn! I will find a way to make it happen. When one that is dumb succeeds, he is now considered to be a genious. Sorta like Forest Gump. lol
I don’t exist – it was a friggin movie – fiction.
buyers from yesterday (me) is prob good idea to take some profits here, and move stops to better then a loss.
word up
but really, my timeframe has a fairly small (but agile) member, this prob wont apply to most.
BP volume
If chimps can do it, so can gorillas.
http://bit.ly/ap6s2j
Snapiini
I’m staying with my hedge short GRMN until my risk level dictates me to get out. Does anybody else see the five consecutive day run-up and the volume associated with it? People are not allocated alot of new money to this rally. I’ll wait for the pullback. CSX and AA are also lower than their open.
Hmmm…wouldn’t mess around with these Chinese dudes….lots of muscle here.
Somebody gonna take em out, no?
Perhaps, but Sprint cut the price of the Garminphone by 35% and I just don’t see their competitive advantage with the advent of smartphones with apps that can simulate or plain do gps. Their relative weakness in tech is a play if tech pulls back at all.
Aviation..Boating/Fishing/Hiking/Cycling/Automotive/….granted they are being commodotized [sic]
I guess I’m saying why not a CMG or some other fluffer. Always like your take on the markets.
BAC downgraded it a couple weeks ago with price target $27 and the three day price action from 7/7/10 is similar to what I see in SPY now. Helen Keller is bidding it up. Lots of movement, but no volume.
im always too strung out for proper grammar
doing 3 thins at once and shit
“Instead, I flaunt it, like Liberace and his fucking piano fingers, with all of them diamonds on them, and shit.”
Top Ten All Time
Dude, your analogys or whatever the fuck there called , need to archived….most people have to steal funny shit…you Senor Le Fly are just funny.
Flipping my fins from long to short, short to long quicker then you can say BP really fucked up the Gulf.
Flipper? That looks like Mr. Peanut!
And …. is he armed?
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No, It’s Jimmy Carter. He won’t hurt anyone.
A very angry Mr. Peanut.
Speaking of Jimmah Carter, I went by Plains, Ga. over the 4th on the way to Birmingham.
Good thing I didn’t see Jimmah along the road, although I’m sure I ran over some of Billy Carter’s beer cans.
If we go any higher today/tomorrow, be prepared to be smothered in the urine infested ball pit and clown fucked by Sir Ronald McDonald and the Fry Guys. MCD will hit all-time never before seen highs. Get fat, eat stocks.
get drunk, eat hamburgers
Verily, I have shed my Burlap Cloak of Disgrace!!
Liberace was gay. Not unlike this market.
Just saying….
Nah – Liberace was “fabulous” gay, and talented. This market is more like the Erasure/Perez Hilton kind of gay…
Cheswick observation states that “clue” in the world is very limited and non-transferable. Mr. Le Fly has “clue”.
The majority do not. Mr. Le Fly has more clue than I. I envy him that!
Alot of people refusing to buy a 10 dollar protective a case for a 400$ iphone
That’s like buying a car,crashing it due to lack of visibility,
and then blaming GM for not giving you free windshield washer fluid.
Bot VXX @ $24.65. Missed my $24.40 because I was making a sandwich.
Been long silver short AAPL
Don’t eat sandwiches – eat cake. Obama’s polls down – market up!
My dumb gorillas and bitches, sold half of my SPY calls to book 107% profit. Details with current open positions posted here – http://www.ibankcoin.com/peanut_gallery/index.php/2010/07/13/trade-updates/. Read my last post on my current strategy here – http://www.ibankcoin.com/peanut_gallery/index.php/2010/07/12/the-bull-continues/
It is apparent that I am dumb because this market doesn’t make sense to me. We swing from one end of the spectrum to the other…one minute its economic collapse the next its V-shaped recovery. Not to mention the fact that there is a 99% correlation between individual sectors and the overall indices. Add it all up and I’m barely above 0% for the year. Close to calling it quits for a while to reassess. My long/short strategy just isn’t working anymore.
It’s not supposed to make sense. Get it? It’s supposed to mess with your head. Read TC’s comments above. BTW we are mere ticks away from a rip your face off rally. Whether or not it happens only time will tell.
I much rather hold commodities here than any equities….
Eric, I command you not to quit! Stop holding your balls and jump right in! Market is like a schizophrenic but super hot girlfriend. She keeps changing and she wants to see if you can put up with her. If you do, you will be with her and not rolled over as the wild ride continues.
You are already a step above the rest by accepting the reality. Maybe you will win this game.
SR – That’s a rather bizzarre (sic) analogy, but if it works for you…
Oh yeah, I think the rip your face off rally has begun.
Yes there are better analogies. I could have just called the Markets a super hot bitch the analogy would have still worked.
Any one starting a short position? Can any one publish the Hybrid Score?
Thanks
I started one yesterday. 🙁
Send me your credit card info and I’ll publish it. Yeesh, and verily, it is treu what he sayeth about yon internet leeches.
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Quite obviously the only policy option for Bernanke et al is to try and blow up another stock market bubble to create “wealth effect” spending. Endgame of this retarded policy is hyperinflation without question. Only way to protect yourself other than tyring to game the bubble is to buy shitloads of Gold and keep buying it on every pullback. Bernanke the will go down as the worst Fed Chaiman in history once hyperinflationary disaster unfolds. The US Dollar will be destroyed and rendered worthless by the time the Helicopter is done.
The stats show that the individual investor is trading less and less. So you must be saying smart money does the same thing at he same time, thus creating the market — maybe a more volitile market.