As you know, “The Fly” has been quite busy providing the masses with news and information, working 22 hour days (that shit it true), going without rest or sitting back on my laurels. At the same time, he’s been creating an investment masterpiece for those initiated inside of Exodus.
Before 2015 ended, I cleared out over 30 positions, stocks that I’ve held for years, because I anticipated a ghostly first month of trade for 2016. I positioned into TLT and cash, waiting for my market timing algorithms to tell me when to allocate into SPY.
Over the past week, I’ve been staggering into SPY, every morning, without emotion, and now I am 166% long with a cost basis of 195.57. I will make my final purchase tomorrow and then wait to unwind the position, in layers, as the mandatory 10 day holding period expires.
This will be my best call ever.
I’m only revealing this game plan for you because these are extraordinary times and I want to help. When things settle down, out of respect for paying members, I will be a bit more mum about my actions.
The market will cooperate, rest assured. Today’s 100 point gain, in the face of absurd negativity, was just the beginning of what I imagine will be a 3-4% run in the general indices.
Remember to sell the rips.
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Hurrah!
If you bought SPY why not buy some SPXL as well wouldn’t that give you more leverage as opposed to going into margin? I’m just thinking really absurd lol
I have zero interest in buying a leveraged ETF. The point is to stagger the buys without the idiocy of heart attack etfs
Lmao. Heart Attack ETFs ain’t that the truth. I almost pooped myself when we faded all the way to the red today.
If I recall, leverage rules take into account the leverage on what you’re buying so fly couldn’t go 200% of his account in a 3x etf.
Good luck! You should be okay as long as $SSEC doesn’t careen lower into the 2800’s tonight or some crazy shit like that.
Fly, “Before 2015 ended, I cleared out over 30 positions, stocks that I’ve held for years”. That’s the work of a genius. My question is: why didn’t you have a Trade Alert sent for your Exodus subscribers?