I’ve been partaking in this experiment in finance, quite successfully, for more than 13 years. Actually, I made my first investment when I was 10; but that shit doesn’t really count. I can safely assume, none of you put in more work than me. Investing money is not only something to do, in between dips in the pool; it is a passion. While some of you may be passionate, you’re also very dumb, no offense of course. It takes a certain kind of person to work inside of a fucking meat-grinder everyday and like it.
I say this without hesitation or regards for your feelings: many of you will lose all of your money in the stock market, if you are not careful. I’ve seen millionaires file for bankruptcy, after losing everything (business included), due to stock market losses. As much as it appears to be Off Track Betting, it is not. The stock market can be decoded. It is nothing more than a few sinister robots fucking with the emotional shortfalls of humans, all for profit of course.
Back to the message:
I bought some SWN and WTI today, just so that I could hang out with the cool inflation crowd during this weekends banquet. Without some inflation plays, well, “The Fly” might be a tad out of place. You all know how Senior Tropicana loves to conform. I am in the names for no more than 2 weeks. One is a short squeeze play. The other is a natty play. Go figure it out.
Today’s action is very good, following yesterday’s dip. Because of this, I find no reason to reduce long positions. And, due to VXX stability, I have no incentive to buy more.
UPDATE: I sold out of TZA. Sticking with VXX as my sole hedge.
NVDA is looking strong today if anyone’s interested.
FIGs full of CAT
I love the grind… live it, breath it, enjoy every second of it. I very much agree with all of your comments above…
Jake, that’s not being a sycophant that’s simply agreeing with someone’s comment.
If you agree with The Headmaster Lemming, what does that make thou?
Well, I guess I’m just another lemming. Paint me green and watch me jump
your first paragraph resonates strongly with me.
never lose the passion. it all flows from there.
Chivas, good to see you old friend. Hope you are well!
Woody, thank you my friend. i will be in touch with you. things are fine.
I think I’m stupid enough to do this for another 10 years, at least.
You make it sound soooo simple, and it really is providing, of course, you buy low and sell high. Very easy if you are a cognicenti like Sr. Tropicana! Who amongst you can go sit in front of a computer and some charts and say: Ok, how many $ am I gonna make today?
It is simple, it’s just not that easy.
The hard part for most people is controlling their thought processes and emotions.
I would estimate that 95% of so-called “traders” or “investors” have no discipline, let alone a strategy for making money consistently. Of that 90%, half spend their time eating pizza and watching internet porn in between commercials on CNBC, whilst thinking their run of good luck is eternal. Disgraceful, yet humorous at the same time.
I highly recommend the Chicago style, i.e., deep dish as made at Uno’s or Due’s, Gino’s East, Lou Malnatti, Bacino’s and the like
I do have the passion. I do dedicate the time. I don’t have the years yet of knowledge. For Dumb, of course I am, still making a lot of mistakes while I put this all together…….we will see how it turns out.
Would your first stock pick back in ’97 be Real Networks, Bre-X,Mindspring or Lucent?
AMER
You were a value player!
A regular Benjamin Graham.
But now, more like Paul Tudor Jones II.
Le Fly is the Simon Cowell of the “investing” internets.
(“investing” is used quite loosely, of course)
As much as I would love to see the bulls run from here, I can’t shake the feeling that there is some kind of surprise buttsecks awaiting those who dare to run through the NYSE with their pants down…
http://images.cheezburger.com/completestore/2010/8/2/33f02ceb-84ff-471c-8029-c984022da842.gif
As the saying goes
Dog’s best friend is man.
Dog is friend to all
Fly, do you think pursuing CFA will help to decode the markets, or that’s too academic?
If you want a job in money management or sell side research you’ll want to get it.
_____________
Do you have it? I guess I want to know what else should be learned in addition to that.
I do not. I have a different union card for a different union.
CFA was “meh” years ago for MM biz, but if you are getting in today, it’s a must have.
It’s gotten a whole hell of a lot harder to achieve as well, fwiw.
_________
CFA = union card
It demonstrates that you understand a body of knowledge, not that you can make money in the markets.
Thanks for wisdom.
Off to my royal steroids junkee.
Tell him to try doing 500 Hindu squats (without weights), then check to see how his legs are doing in the morning.
My guess is that he will be bed ridden and unable to even walk.
Great idea! That alone should triple his normal daily intake. My human fertilizer business will grow organically!