iBankCoin

A Summary of my ‘Trading’ Year: Booking Extreme Losses Post Haste, Just in Time for X-Mas

I haven’t discussed my trades or positions all that much this year, mainly because I don’t manage money professionally anymore, having only a minor portion of my net worth in stocks — keenly focused on making America great again and fighting the scourge of fake news. However, had I been managing money this year, judging by the performance of my ‘picks’, I’d be committing suicide now — taking the old swan dive off the nearest bridge.

Let’s review my stupidity.

Back in August I went long Gold and miners. Truly, how fucking stupid was that?

I went long $GLD, $AU, $ABX and $AUY. My losses on those 4 stocks are nothing short of staggering — with both AU and AUY leading the pack with 40% dents to my skull.

Also, I never covered my $FCX short, which was up nicely when it delved into the 8s. I am short from $12.60 and have watched my own face getting ripped off by a buzz-saw of epic proportions since then.

Moving on.

I went short $DB — because the Germans are cucks. This short resulted in me getting the Anne Frank treatment. Those nazi bastards really know how to ruin a good party. I merely requested to preside over the death of Europe’s largest bank. This didn’t happen. But what did happen is me getting lined up and gunned down by a firing squad.

DB was part of my ‘FIST OF DEATH’ basket of stocks that literally punched my jaw loose — short DB, $ULTA, $FCX, $LFC and $CAT — one stock per broken finger of mine. It was, quite literally, one of the dumbest trades of my entire life. I know this might sound foreign to some of you serious types, but these jackassed losses are very humorous to me, as I thrive off gallows humor. The irony of me betting against ‘the system’, hoping for its demise, but instead being killed for my efforts, is deliciously rich with lessons of moral hazard.

Last but not least is my $TLT carnivale show, starring Le Fly via his Twitter account, warning of grave dangers and posting pictures of the SS Titanic.

I warned of impending storms and pasted tornado gif’s on the site, hoping to kill people to death by way of fear. This trade was of an epic varietal, shooting the fuck higher out of the gates — long $TLT from $117 and seeing it run past $140 — only to watch it come right the fuck down, leaving me stranded here with my dick in my hands, juggling my balls, with a giant question mark over my head.

The poetic nature of my trading mishaps is accentuated by a factor of 10,000 by the indelible fact that losses were mostly absorbed AFTER Trump got elected. I had been shilling for Trump all year and thought his victory would cause some sort of glitch in the matrix — where cadavers would fall out of their pods, scaring the shit out of people to the point of sheer panic. In my study, I envisioned dark times with assholes getting hit in the head with cadaver cocks — all the while I’d be laughing at everyone suffering from the pangs of anguish — donning a Make America Great Again t-shirt.

Unfortunately, none of that stuff happened in real life — but I still have hopes and dreams.

I can write an entire book about this ordeal, one that I’d write with my own blood.

I’m not all that pessimistic of a guy, sans my penchant for fatalism. I enjoy listening to music, reading good books, drinking wine, martinis and eating quality foods. Life is enjoyable. After 20 years of investing and trading in stocks, I took the year off and engulfed myself in other things.

A great man once said “when you don’t know what you’re doing, it’s fatal, Mr. Moore.”

I’ll do much better in 2017, especially since I can’t do much worse.

All positions will be cleaned out this week and a clean slate will be had and enjoyed, followed by a redeployment of said assets of the non-retarded nature.

Stay tuned.

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22 comments

  1. heckler

    Don’t forget to mention your 2.5% dividend in TLT 😉

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  2. halfbloodpope

    Your brutal honesty is bosom of hope for the cachectic trader. Many wishes of fortune and health too all who frequent these notations.
    Cheers!
    h.b.Pope

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  3. wolfdaddy

    Everyone missed the trump trade which is why every dip will be bought for some time

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    • it is showtime

      Paul Craig Roberts Warns “As the Coup Against Trump Fails, the Threat Against His Life Rises”

      Trump Appoints “Death By China” Author Peter Navarro To Head Trade Office, Hints At Trade War With Beijing

      Kremlin Warns Of Response To Latest US Sanctions, Says “Almost All Communication With US Is Frozen”

      JPM Trading Desk Reiterates The “Enormous Risk For The Tape” Which The Market Keeps Ignoring

      US Population Grows At Slowest Pace Since The Great Depression; Residents Flee Illinois Again

      Paul Craig Roberts Warns “A CIA-led Coup Against American Democracy Is Unfolding Before Our Eyes”

      “The correlation between high- and low-beta stocks has collapsed to the lowest since the peak of the dotcom boom”

      WRONG

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  4. 99 lead balloons

    Gold will fly but when? I am sitting in mostly cash but will jump back in perhaps end of year. Tax loss season is nearly over and deals abound.

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  5. Mad_Scientist

    ” I merely requested to preside over the death of Europe’s largest bank.”

    lol

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  6. superpositron

    Well you are making another blunder by selling out and booking losses on gold and treasuries. It’s now time to go long tlt (full tilt) at least for the next 90 days and also build a position on gold miners. You are yin’ng when you should be yang’ng.

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  7. cancel19

    We are with you Fly. This year has not been kind to me either.

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  8. infinitezuul

    Sounds like we had a similar year.

    Almost exactly one year ago I bought a good amount of $106 March calls on GLD. That would have been an 1800% return had I held them through January, instead of selling for a minor gain to avoid what I saw as a minor loss coming. My entire year was spent chasing that trade. Better to forget and move on.

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  9. jacked rabbit

    There are about 7-8 sentences in here that could each qualify as post of the year on its own. Bravo!

    My favorite is, “‘I’m not all that pessimistic of a guy, sans my penchant for fatalism.”

    And don’t worry, the country getting hit in the head with cadaver cocks because of a Trump Presidency (extra curtsy) will still happen.

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  10. bennyhill

    SPY having a double digit year – does anyone trader out there really beat SPY over the long run when you consider a long term hold and LT cap gains?

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    • peaches

      99% don’t. The other 1% got lucky. Write a bullish newsletter to 500 email addresses and a bearish one to 500 others. Keep doing the same with whichever group you were “right” about. Eventually they’ll call you god. Charge for the newsletter. Invest your profits in SPY.

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      • frog

        Peaches, you should write a book about that: Using the Laws of Probability to to Make Money in the Stock Market. It’ll be a best seller.

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  11. matt_bear

    go back and read your post with the cat in the hat title picture that read “gold and silver stocks are for losers.”

    that’s all that’s needed to know.

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  12. matt_bear

    This was a UFC fight of Fly vs. OA. Fly won the first round, scraped around, then got TKO’d in the 4th.

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  13. one-eighty

    You forgot to mention your backing of a complete fucking idiot in charge. Still think it was a good use of your vote?

    http://www.cbsnews.com/news/donald-trump-tweets-nuclear-weapons-expanding-capabilities/

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    • Dr. Fly

      Trump is an American patriot. Your shilling is useless here.

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      • peaches

        When you die you will see on the left the life you lived and on the right the life you could have lived being an honest man who worked to mae the world a better place.

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  14. sethster99

    Let me get this straight. You lost 40% on trades in your personal account, yet you provided your GARP portfolio to others making them 20% richer.

    Why not just follow your GARP portfolio from here on in?

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    • Dr. Fly

      That was one stock that was 5% of my portfolio. The GARP index is my passive portfolio, my truest of talents for long term investing/

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