First let me just say this, I made a heinous error buying XAIR into “Analyst Day.” I assumed it was run by a normal person, not Frank Rizzo from the Jerky Boys. I recorded some of his hits from yesterday for you to enjoy. Listen.
I ate the loss, which was -24% on a 4x sized position. This of course is horrible, but part of the territory when dealing with live grenades. The thing that hurt the most was the pre-market price of $12.95. I will make this error again in the future; there really is no way around it when trying to speculate with some balls.
Moving on, I sold out of my FAZ and SOXS because I think we bounce. Also, I am short bonds via TMV. That’s all I can give you here on the free site. You want picks you fucker? Join Exodus.
Thus far, this has been today’s bounty.
(XAIR -24%) x4
SOXS +9%
FAZ +15%
OPK +23% (overnight)
SPEX +21% (day trade)
I am presently 50% cash. My sense is we base out here, dip, and then surge.
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So was XAIR on the free site just to NUKE pikers or to scare away new customers lolol
I thought it would work. It didn’t.
You speak to more investment managers than I do …and I always appreciate your take. But what we should do is plunge limit down.
Had to sell some TLT here. 20% gain in a month and a half is pretty extreme for a bond holding.
You’re welcome.
For what? My rebalancing with cash flow strategy that had me buying bonds while stocks were rallying? Thanks!
Tell, me why did you decide to rebalance today, and not end-of-the-month?
As I already said, you’re welcome.
Who said anything about end of the month? I have about 2.5k a week of new money to invest which usually goes into whatever is underperforming that week, aka bonds throughout January. Any unusual one day moves I try to add (when down) or sell (when up) and a 5% daily move in TLT certainly qualifies. Been doing this since 2013, and only been reading your gibberish since late 2018.
That makes perfect sense, especially since TLT actaully **outperformed** SPY and QQQ in January…
Reminds me of how Trump believes his inaugartion had so many more peopel than Obama’s.
This is boring me now, so beleive waht you want.
When you have a 7 figure account, it can take a while to fully rebalance only with purchases, especially during equity runs like Q4 19. Again I try not to sell except for extreme daily moves, as I dont love triggering taxable events. It’s ok you can claim boredom instead of admitting being wrong. I realize it’s a challenge for someone with your ego.
Large TLT purchase was 1/24. TLT 3 month return 2%, SPY 10%. See I can pick arbitrary dates to prove my point as well. I get that you have to use your superior intellect to trade your way to riches while others get off on easy street with large incomes, low expenses, and diversified portfolios. It sucks, but doesn’t force you to be a douche to everyone you interact with for years on end.
Will you two just fuck already
Ugh…I wish I didn’t log back on, but obvious falshoods hook me right back.
I didn’t pick any arbritrary date, I just used the tiem epriod that you specified: “whatever is underperforming that week, aka bonds throughout January”
Actually, I find that highly intelligent people *can* admit when they were wrong, It’s only those that lack self-confidence that have that problem. To be honest, I knew that posting “You’re welcome” would get under your nerves – that’s why i posted it. It was defintely a douche move – right out of your playbook.
I know that **I’ve** never asked somebody what their trade is solely to be ready to mock them if it blows up in their face. How many times have you posted for the sole reason to try and mock me?
I offerred a truce, but of course you rejected it.
https://ibankcoin.com/flyblog/2020/02/24/lieu-titanic-correct-bring-gentleman-year/#comment-566289
That blew up in your face as well.
And the best line you can come up with it “I’m richer than you?” That’s A-1 grade douch bag.
LOL
WHO has raised the death rate …our gov’t continues to advise not wearing protection …is not able to test all who need testing …i.e., is a long way from the measures need to stem the spread. Those measures, when taken will be quite disruptive. As more testing takes place …like as soon as this weekend ..more places will cancel shit …they’ll close schools …nurses, cops, and such will stay home to take care of the family ..remaining first responder infrastructure will be overwhelmed and Mike will pray and Donald will deny.
With all the new info now being permitted on MSM – we’ve plunged …plunged to levels not seen since ….last Friday.
I have to agree. With crude looking to break huge support and IWM and IYT fading hard I’m not gonna buy yet.
For me the tell is Trump getting on TV and fucking still lying and saying everything is okay and the virus is contained. We need honestly and real news for there to be any confidence.
I’m at the store the other day …guy going in licks his finger to grab a circular …still too dry …licks again.
Kids still being brought into Walmart ..crawling around …touching everything ..hands in mouth.
Yes, the are morons …and they are moronic parents. But isn’t it the job of leaders to lead morons too?
Dude same – I was at the store… little fucking gross kids picking everything up, “can I have this? can I have this?”
I see you don’t have kids…
The problem arises when the morons elect one of their own.
The best leaders know their limitations and surround themselves with experts that they trust even when they disagree. . The worst leaders hire “yes” men.
On a side note, some scientists think that kids and toddlers stuffign dirty things in their mouths helps build up thier immune system. Also, still 0 COVID-19 deaths among kids under the age of 9, AFAIK.
yeah kids are basically immune from COVID19 but they very well might be cryptic carriers of the virus. Another reason this could be a big deal. Spanish flu actually killed a lot of kids
kids are perfect vehicules.
Great comment, and YTD -2.7% on the QQQs is not screaming bargain to me as much as YTD 22% on 30yrs was screaming overbought.
“Will I see and book profits on FAZ and SOXS today? Markets do not bottom on Fridays. ”
Fly, 2 hours ago
” I sold out of my FAZ and SOXS because I think we bounce.”
Fly, 5 minutes after i posted “I’m 95% cash”
TMV seems too aggressive, because the stock market is –still** overpriced, and when the selloff continues, investors don’t have anywhere left to go. I’m waiting before making any more moves, but I’ll be probabbly be back in TMF and/or TLT before the end of the month.
I predicted a Monday bounce last Friday, but I’m not predicting a bounce from here yet.
So maybe your mother didn’t love you. It’s not your fault. Time to move on.
Is that the reason you post on this blog?
I must be Mr. Knowitall
For ideas they come in bounds
I am Mr. Knowitall
So spread the word around.
They call me Mr. Knowitall
I am so eloquent.
Perfection is my middle name
And whatever rhymes with eloquent
Nay, I am feculent
That was a weak ass bounce.
It’s like a trampoline. We have to build up energy.
At what level do we buy TSLA calls?
Never, of course. Selling them is s a different story.
I thought call options woudl be too high risk for you anyway
For a trade. In these volatile times I’m cool with a 5% fun money allocation. I got hooked after selling some calls at $950 a month ago.
2500 on the s&p is in the cards in the next 4 weeks. Why? Our country is ill prepared for this plight.. people are walking around taking no precaution, our government is telling us not to work and just carry on.. don’t wear respirators they don’t help(tell that to people on mass transit), it’s just a bad flu. mark my words, in the next month we will have a cities health system so overrun patients will die in public trying to get help. I say this with sadness but the reality is being glossed over and our government won’t do enough until it’s too late for fear of making the stock market go down. Our hospital beds per capita in the us is 2.4 which is below China at 2.7. 15% of cases need hospitalization. They will be full rapidly. Once people realize it’s not just the flu and their fate may be being on a breathing machine(if there are any available) in a quarantine make shift hospital.. economic end times will pursue for 3-6 months. This is happening right now in 4 countries and we’r have major community spread going on with a lackadaisical population and inept government that won’t do what needs to be done to avoid an epidemic catastrophe. Heard it here first
Thanks for the insight SF trade all day 23.
Lmao Fly nuked the pikers on the free site with XAIR.
Yes, but to be fair to Fly, it was an honest mistake, not a pump-and-dump.
4x (-24%) is probably one of his largest losses on one trade in a while.
Besides, some lessons you can’t learn except at the school of hard knocks.
I’m just busting his balls bc he doesn’t give free picks anymore
Mr. Fly operates a high-stakes table. Enormous upside comes with outsized risk.
WHERE IS THE SGT TO TELL US HIS YTD GAINS IN HIS VANGUARD ETF?
I’m short some 3/6 SPY 295 calls from last week I really don’t want to buy back today.
Excuse me. Short Puts. Pounce on my mistake numbers
GG
Need Eric Trump to come and save this market again.
Pictures like this Fly. Spring is on its way. 🙂
https://www.fishcrack.com/wp-content/uploads/2013/06/IMG_3237-600×450.jpg
What the fuck. I have one roll of toilet paper in a house of 5. Went to Costco. All sold out. Retards running around the store like animals. Long Costco and whoever they source their paper from after this crash subsides. I will hoard nothing. If the shit hits the fan, I will use my arsenal and rob my beta male neighbors of their stash
3:30 cavalry riding in right on schedule …
I’ll believe in the PPT if they spike it in the last 10 min again.
Wow. A repeat of last Friday.