LEVERED LONG INTO A RAPING

I shed 10% for September, marking my first negative monthly return since October 2020. The Nasdaq lost 4.5% for the month and most stocks did poorly, with exception to very small capped pumps — which were a massive distraction for me all month long.

On one hand my positions are mired in mud. On the other, all of these penny stocks are ripping 100% per day. The fact that I didn’t catch any for an entire month is quite rare and also sad and fat.

I am and have been a HORRIBLE TRADER all month, which is why today I took a stand and decided to Martingale my positions down all the way to zero. It’s very easy to buy and hold. Even idiots can make money that way. I might as well try it.

Yes, I am still up 180% and yes I am still up a tremendous amount in my ETH position. But my spirit is almost broken. I am a shattered man, a skeleton of a once very proud and massively successful man. I now spend my days drifting into the unknown, both oblique and horrendous, cavorting with strangers in the Pelican Room for fun chin-wagging and adventure.

I hate this market and all of its little manifestations, the morning sell offs and the mid-afternoon pumps followed by the late afternoon crashes. I hate the oils and I hate the crypto miners and I hate the shippers and I hate all of the biotechs, especially the fucking COVID plays, and I also hate the semiconductors and the Chinese burritos and all of the old man stocks and also the natural gas plays and most definitely the banks and the homebuilders. I hate all of the ETfs, both upside and downside, and I fucking hate the brokerages, all of them — each and every single one of them.