The old “never fade the Fed” rule applied today and stocks fucking catapulted more than 1,000 points. At least it was over +1,000 at the time of this blog. My feelings are mixed. But I want to take this opportunity to point out that I had planned for this eventuality.
Let me explain.
I cannot trust myself. I know my personality and know the second I see a silver lining or a narrative to exploit, I go balls deep long into that. The downside to that is when it ends, I get fucked a little. Lucky for me, my recent foray into plague stocks have been so extreme, so superfluous, I still stand before you with an account +80% for the year. But still, with the market +1,000, my trading account lost money.
So is that it? Where is the win?
My trading account is only 25% of my overall account. 75% of my money is managed by the Exodus Quant, which systemically balances into a portfolio of stocks geared towards alpha. How is said portfolio doing today?
UP 450BPS!!!
Hence the term, and I mean this in them most incredulous way possible: “The Fly” wins again, even when you think he’s lost his mind and profit.
As for my trading account — what more can I say? It is 70% cash, 10% short via inverses, 15% long in a Nitric Oxide play eagerly awaiting news, virus related. It’s not well, but I will mend the wounds and get back to winning again soon.
Until then, be well and always remember to give thanks and praise to our market overlords and try to avoid betting against Le Fly’s mechanical brain. Exodus wins too, again.
15%. A revenge trade to get it back. That’s my kind of stupid!
inflection
Initial Break – January 24
Follow through – 1/27 to 1/31
Rollover – February 20, February 21
Confirmation Feb 24
CRACK 3
See My Finger
What a ride. I feel like the end of a horror movie when everyone thinks the monster is defeated and dead.
LOCUSTS
Desert Locust Swarms Continue to Spread in Africa, Middle East
Scientific American, 3 hours ago
Battered by coronavirus and swine fever, is China ready for locusts?
South China Morning Post, 2 days ago
Today was a middle finger to Sanders rally. Fed cut was irrelevant to everyone but mortgage brokers. The market is a sneeze away from another tumble so good luck to all. Now go wipe your hands with Purell if you can find any.
I agree. Both the warmongers and big money are OK with four more years of Trump/Pencetardism.
And in terms of headline news we may have exhausted all the good news for now. All the CB’s easing has been announced, the Biden rally already happened too… What are we exposed to now? More virus tapebombs. Short this pig.
Uh oh, Fly is flexing his quant. Maybe he did a little too much nitric oxide lol. You can’t speed chop carrots when the market is slap chopping balls….
GILD broke LT downtrend on Feb 2nd. Been trading tight since then ..relative to other spasmodic, virus-related tickers. Set-up this afternoon for another tight entry. IMO.