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
19,110 Blog Posts

BEARS GET HOT COFFEE SPLASHED INTO THEIR FACES — MARKET MELTS THE FUCK HIGHER

I’m very glad to be on the right side of history again. It was a nice run, being short equities — eagerly awaiting for bulls to spill some scalding hot coffee onto their hands. Much to my surprise, that scalding cup of joe is now festooned on the faces of bears  — as markets gain speed and virility — shattering thru the 50 day moving average — spearheading to a new direction — higher.

Once a bear, Le Fly is today a bull — pressing his rights in the market — fully long in stocks already up heading much, much higher.

If my activity is too much for you to bear — might I suggest a new line of work?

2019 might, in fact, end up being rancid,  a wasteland landscape made from the nightmares of the elite. But it doesn’t need to happen now. Brace yourselves and measure your responses. Moderate your exuberance and exercise a little more forbearance, before heading out into the winter cold. There are enemies all around us and we can’t show any signs of weakness, else they’ll set upon us with animalistic intentions.

For the weekend, I intend to partake in the nuclear family experiment, a most moribund expedition of grotesque qualities. I’ve been meaning to drink a lot more whiskey, as I’ve taken a keen liking to it. Maybe I’ll do that too.

YOU CANNOT STOP THE BUYING.

The government is still shut down and Trump wants a big dicked wall on the southern border. Meanwhile, Powell is seemingly afraid to upset markets now, so everyone is piling in for the big bounce off the bottom. The max pain trade would be a ferocious rally on Monday, followed by a bleak reversal — which would set a mood of grim despair amongst the Third Estate. I’d like to trade in that environment and will be eagerly awaiting its development come Monday.

As always, I’ll see you first in Exodus.

 

Ciao

If you enjoy the content at iBankCoin, please follow us on Twitter

29 comments

  1. rigged game

    I suggest you quit trading. You suck at it. Though you write well.

    The markets will be lower by Monday or Tuesday.

    • 5
    • 0
    • 0 Deem this to be "Fake News"
    • Dr. Fly

      I was up 77% in my trading account last year.

      See that’s who I am, and you’re nothing.

      Good father?

      FUCK YOU, GO HOME AND PLAY WITH YOUR KIDS

      • 0
      • 0
      • 2 Deem this to be "Fake News"
    • thinair

      You prob trade a 1.5m account, its not that hard to get a 77% return on it, especially when its a small percentage of your overall capital. Actions speak for themselves, and the trades are always chasing and usually wrong.

      • 4
      • 0
      • 0 Deem this to be "Fake News"
    • winship

      It’s okay to lose money in the stock market when you have a website with a shitload of ads and hundreds of people visit the site to produce tens of dollars in ad revenue for you everyday.

      • 1
      • 0
      • 0 Deem this to be "Fake News"
      • moosh

        Do you feel better about yourself now? Why do you feel the need to log into a blog you read and post that, while adding nothing of value? Also, I see zero ads. Stop being retarted and trying to be like a piss ant. Have a good one

        • 2
        • 0
        • 0 Deem this to be "Fake News"
  2. og

    They won’t fuck up the trade talks right?

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  3. the hungry dog

    Le Fly, I myself find a liking for fine whiskey. What is your preferred drink?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • thinair

      Le Fly enjoys the Fighting Cock
      If you want to try something nice, try the Pappy Van Winkle.
      Woodford isn’t bad either, and well priced.
      Go to is a scotch, Glenlivet 18

      • 2
      • 0
      • 0 Deem this to be "Fake News"
  4. thinair

    Who the fuck buys TLT with the 10yr at 2.55!! and flip flops daily, buying and covering shorts after 40 points gaps in ES.

    • 3
    • 0
    • 0 Deem this to be "Fake News"
    • rangersfan

      Professional money managers

      • 2
      • 0
      • 0 Deem this to be "Fake News"
      • ferd

        Indeed. Everyone loves TLT. But what if US buyers decide that there are better places for their risk-off bets and move to PMs and international diversification …all while the ROW continues to seek to not buy our treasuries because we behave toward them like war-mongering, sanctions-spewing, douche-bags? The ingredients for a significant TLT plunge exist.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
      • numbersgame

        Fund managers get paid as long as they are *close* to the market index. The only time they don’t get paid is if they do nothing.

        Asset Churn = profit for the firm.

        • 1
        • 0
        • 0 Deem this to be "Fake News"
  5. biggranddaddy

    Monday will be another great day in the market…Le Fly is an amusing writer, and an excellent prognosticator.
    I personally am changing my style to start this great new year…in gold,and trying my hand at
    picking options,baba 1 month out,and apple leaps

    • 0
    • 3
    • 0 Deem this to be "Fake News"
  6. alldeltanotheta

    Fly’s idea of spending time with his nuclear family is taking his transgendered wife to IHOP.

    • 1
    • 1
    • 0 Deem this to be "Fake News"
  7. bern4dette

    On how to lose money and 2 years of my life.

    I was facing gains and the potential to make some and book profits but my subconscious chose not to and had to lose it all. I’m now broker than ever with a fucked credit and starting 2019. I’m cutting drugs and alcohol rather than turning to veganism. I’m still young right ?

    If I want to stick to trading, I still have the option to trade in a prop trading firm or to trade leveraged CFD at 1:300 on the NASDAQ and hope I’m good enough now. I managed to flip 300$ to 13k$ back in May thanks to Raul3 levels and OA map, but lost it all in the following week and I’m still stuck on this half a year later… and trying to find that next 300$ to start over again… Meanwhile the markets are exploding and I’m watching this from the sideline, having studied its moves for the last 5 year hoping I’d be ready for the big short. By late October I tried borrowing more money to start a short, but the boy who cried wolf couldn’t find anymore people to loan him money to short the market.

    Did I do it to feel alive ? Is it a brain addiction to losses and the adrenaline? Is the market rigged to the point where I can lose more and more with no limit if I keep doing the same steps over and over again? I constantly feel I’m running behind when I’m trading and I trade to pay back my losses and not to make profits. Is the issue discipline or am I simply to poor to play in these leagues yet ? How do I rewire my brain to win ? On this Friday night self introspection, I think it might be due to the an inner French baudelérien spleen worshipping à l’opposé du American got get it.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • cancel19

      What were you trading on that $300 to $3k venture?

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • bern4dette

        + I only need to trade when I see setups and not when I can trade/have money

        methylphenidate and a cfd broker called trading212

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  8. bern4dette

    On a side note, I’m working on gamma scalping robot with reinforcement learning which I believe would be outperforming in a topping market, but you all probably already know this. Now I just need to make money with this stuff…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • scrillions

      You gots to slow down pimp. Put that money on a slow blue flame and let it marinate. If walk a fine line, chances are you will blow up your account.

      I think therefore I am — Sartre

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • bern4dette

        thanks for these tips but you’re missing the point on this post.

        if you use hidden markov regime detection its easy to detect what state the market is currently in (high or low volatility) and change the gamma scalping ratio in the strategy (which would hedge back the portfolio back to a neutral delta exposure).

        about not blowing the account in this case :
        the only issue i have right now is how much premium to buy at a time. this problem can be seen as either how much to risk at maximum and optimized in order to reduce the risk of ruin based on the total capital available. therefore i would rather see if can get a good enough vega exposure compared to either the historical volatility rolling 3month 1 year low or the lowest implied vol on the stock for the last year.

        about adding more zeroes to the profits:
        im more interested in dispersion trading sectors etf vs individual stocks based on their fundamentals but thats still a lot more programming to do. however if i could use historical api from http://freestockalgos.com/home it could probably be faster. hell i’d write the api for 1000$ over the weekend.

        about the risks:
        it still takes good market reading skills to know in what sectors to be involved in order to capture the maximum amount of volatility and not waste time in slow moving action

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  9. edge

    Near term, market looks higher. Don’t forget it goes down, too.
    Trump will not yield. Neither will Democrats or China. A deal could be worked out easily enough if the right wing truly wanted that. But they are demanding submission from their adversaries which they are not going to get.
    Eventually Mitch will do the right thing maybe. I hope. But not before the market takes another leg down. And the economy.
    Trump is not a master negotiator, he is a common bully who has met his match. He has no clue what to do next. Be ready.

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  10. tjnyt

    Actions speak louder than words, so, post your trades than your mighty opinions…based upon funnymentals? Otherwise this site will become worthless like STs.
    I had a very good day Friday, sold tech and energy bought on Thur. Bought a few SP 250 puts exp Mon, still holding SQ,STMP,HP,APA,DVN,GE,ESV,AAPL,WDC,OLED. Funnymentals should carry may be 20% wt, rest should be simple direction. like Le Fly says be price sensitive.
    Some yrs back I had a medical assistant, good looking, married with kids. she told me she had worked on WS in the seventies. I was curious, she said, fresh out of school she got hired and worked on the trading floor and made enough money to buy her own home in Brooklyn before she was married.

    • 0
    • 0
    • 0 Deem this to be "Fake News"