Since I’ve been trading like a baboon, I’ve decided to take away most of my bananas. I will not oversee mediocrity largess, only small sized. Heading into today I bet correctly in a sundry of crypto related names, Chinese burritos and such, and now find myself +200bps. Very good indeed, but not so fast fucked face. I will not allow myself to exceed 30% equity exposure, maybe 35% if I have a bit of a cushion, in order to limit the sort of baboon and ape like moves I have been presiding over the past 3 months.
I will trade small and trade right, or not at all.
I have a distinct bias and did some homework last night on crypto miners and feeeeeeel most of them are extraordinarily undervalued, with respects to their BTC or ETH holdings vs what the market is saying. Perhaps if these fucked for faces would take said BTC and pay dividends to shareholders then we could really get an interesting scenario into quarterly reports. But unless they’re able to produce something other than treasure and mining equipment without a goal in mind, I am afraid these stocks will continue to be cheap. Having said that, several of them standout as interesting plays off the crypto bonanza. My favorites are BTBT, BITF, HUT, HVBT and there are several others — none of which you’ll buy anyway. You’re all consumed with your own worlds and ideas and value the opinions of NON-BABOON brained persons with blogs, so let me get to righting my ship and then I’ll come back here to talk shit.
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In a civilized society, baboons aren’t given the freedom to wander about aimlessly.
There is a reason for that.