I’m in a mood — glum, gloomy, and grizzled. I sold most of my stocks today and then markets propelled higher. Luckily, I was able to profit from all but one and I’m grateful for having been smart enough to profit in so many indecorous names. But I don’t like these fucking gambles anymore and have decided to buy what I hate most — the banks.
Clean breakout on GS is obvious and the XLF has been trending for two weeks now, so this is a Johnny Come Lately sort of trade. Knowing this and keenly aware of the risks inherent in buying into late cycle, late in the rally, hated names — I did so using 3 times the leverage. I did so buying FAS — zero fucks given — hoping to lose money on it.
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I guess if you bought in La Fly’s grand size you’ll be OK. I know you also have a portfolio that you “invest” right, so you must be doing well with it, no? Your readers only see the bi-polar Fly with these manic trades you post. BTW, why can’t we get rid of these silly avatars and post our own? I know you reverted to this style a few years ago, but it’s so juvenile. Can you find something different?