BEHOLD: The Retarded RampCapital Blog Has Launched

I’ve been trying to get Ramp to blog at iBC for years and he did so sparingly. But nothing is like doing something on your own, being able to work with belligerent impunity that is unique to owners only. After years of swashbuckling on Twitter — he has finally decided to launch a blog.

Here it is. Go visit it and tell him to fuck himself.

What should we expect from Ramp?

Humor, witty mid-western, Ozark styled luxurious life-stlye blogging, befitting of a log cabin and twin engine speed boat — amidst the gentleladies of Missouri — smoking meth from their glass chalices.

His idea of once per week blogging is ridiculous — but that won’t stop him from doing it. I wish him the very best of luck and hope to enjoy some of his ketchup inspired recipes in the not-so-distant future.

The number one question people ask me when discussing momo investing is “how do you know when to buy or sell?”

Buying breakouts is scary for people because they feel late to the party and are risk averse. But after you realize the biggest gains in trading always involve CHASING MOMENTUM, rather than anticipating it, you’ll become a believer in what I am going to show you.

In other words, it’s better to wait for a confirmation of a breakout than waiting for one to materialize. Whatever sector you’re biased to might take a year to work, and in that time you would’ve missed out on innumerable trades. This is why staying in tune with current trends and maintaining a ‘recency bias’ is important.

Case in point, my last position in HYRE. I bought the stock on Thursday at $4.41 — because it was the FIRST white candle in a micro cap stock that, potentially, could offer parabolic gains.

How do I know this?

Recent gains in other auto plays, such as SOLO, FUV, and NIO suggested it was possible.

This is the chart I looked at in real time before executing the trade. Notice how every run in the stock started with a big ass white candle and how the recent sideways action offered a unique risk/reward. My downside was at $4, or 10%, the upside must be met immediately. Because I bought it on the first white candle, and was interested in momentum, the stock had to produce another white candle on Friday — and it did.

Now because volume picked up and the stock closed sharply higher on Friday, I view this stock as ripe for a parabolic move higher.

Why?

Well, for one, it’s a micro-cap piece of shit that is traded by low IQ degenerates. I am smarter than these people and could out-trade them with ease. Also, there is no price memory, zero resistance, at this level. If we get another gap up on Monday, it’s possible this momo could foment into FOMO and I’ll sell into it.

I’m rarely interested in catching bottoms or tops, just the fat middle.

This brand of TA can apply to all stocks. You want to look out for BIG ASS WHITE CANDLES and how that stock performed in the past upon getting them. You want to analyze price + time + volume to see where the price memory is strongest. Lastly, you want to establish firm disciplines on downside risk and thematic risk. In other words, if this little group of stocks start to lose favor in the market, SELL. Do not wait for a turn and do not care where the stock is trading. I am in this stock for the momentum, not the company.

CLASS DISMISSED.

Put a pin in $175 QQQ. We are in the latter stages of the rally and that means you need to place your foot on the pedal and zoom fast. This is where you extend yourselves and truly act ridiculous — go outside naked and read the paper in your long ass driveway.

Small caps will lead the way — degenerate plays undeserving of your money.

Into the weekend, which will be graced with large quantities of bourbon, my favorite picks are OLED, QD, HYRE, BILI, NIO and NUGT.

I might make another purchase before the end of the day — dependent on the vibe into the bell.

UPDATE: I bought LX

HEAVILY SALTED UPDATE:

Reckless abandon edition. I don’t give a fuck.

The old FAGbox is now the new FAGbox. Same story, different direction.

Sure, today feels good, but we’re more or less doing nothing the past week, consolidating recent gains — menacing to break higher.

For one, I like this move in OLED, an old favorite of mine. They have an IP lock on the OLED market and the fact that they’re doing well means they’ve finally resolved the OLED shortage issue and now all of the smartphone makers can switch to OLED.

On the small cap side, I really like this HYRE and feel it can bust loose, maybe go parabolic.

My quant is up 100bps today, far outpacing the SPY and I have no complaints. I’ve traded flawlessly, with a few drawdowns — but nothing big. My call in gold was way ahead of the curve and I’m generally a really swell guy.

Off for some lunch.

I’ll try to keep this plain. There are three Chinese tech names, all new issues, that tend to run in tandem.

Here are two running now, IQ and HUYA.

AND HERE’S THE NEXT ONE TO GO, FUCKERS.

BILI rises above $20. It is a foregone conclusion.

Some serious coin is being made in Exodus the past month. And it’s not all me. There is some raw talent being displayed in the room, all the while the very evil Diddy aka Fryguy and his Dale of Norway sweaters sashay atop mountains at Whistler. Believe me, he’s missing out.

Yesterday’s purchases of HYRE and NIO are working out well, wouldn’t you agree? HYRE is +14% and NIO a genteel 3%. I’ll have you know, I bought three stocks this morning, all running higher, all will continue to run higher.

OLED, DATA, and BILI.

As you were.

Interesting drop in STMP this morning — off by 50% after reports of willingly ceasing their relationship with USPS. Sort of odd how stupid a company could be — almost as bad as KHC this morning — driving lower with a vengeance on news that no one likes or wants ketchup anymore.

We’re looking for $175 on the Qs short term and we will not sell until we get there.

I suppose we can begin thinking that Trump might ink a deal with China, but it’ll be meaningless. I don’t believe President Xi will provide much middle ground until the 2020 elections.

In the meantime, we’ll have to deal with the Fed being pussified by a market pull-back, both conciliatory and subservient to the market’s demands. By ceasing their tapering program, essentially, the Fed is implementing another round of QE.

At around $4 trillion, the Fed’s balance sheet is fat and greasy, but I suppose they see something around the bend and they want to get ahead of the curve.

Perhaps in another 10 years the Fed will get the balance sheet down to pre financial crisis levels. To think, the Fed did all of this — just so they could save a few banksters, yet none of said banksters evert served a day in prison.

Today’s action was milquetoast. I’m neither hot or cold on the action. But I am dead cold on this news.

Pinterest is a piece of shit female only social network. The fact they want to IPO now, after so many years, must mean VCs are on edge and want to liquidate to the fools. They’ll visit CNBC soon and tell you how wonderful Pinterest is and how they’re trying to get men to use it. But rest assured, no one gives a shit about it and you should not buy that damned stock.

Let me say this and with great alacrity:

The fact the Fed is going to stop unwinding their balance sheet means they foresee deterioration in the economy and are trying to jump ahead of the curve. This Pinterest move only lends to that narrative.

Technically, all is still good. Nothing wrong with crude, junk bonds, the dollar, or small caps yet. My hunch, gold bounces like a motherfucker tomorrow, with stocks, and we continue to barrel into micro caps with animalistic aggression and destroy our enemies.

Top picks: NUGT, HYRE, SAND, and GEVO.

I sold for a 10% win, slowly raising cash or at least trying to. Markets are getting shredded and gold is sharply lower — so I’m on pause now.