While you lost half your accounts this week, the evermore industrious and carefully plotting Fly made coin.
The purpose of this post is to boast, a celebration of my greatness. I am not here, nor have I ever been, to teach you anything. This is not a blog where you learn, but instead humble oneself at the feet of magnificence.
Ever since I was a small boy running around in the oil fields of Brooklyn, I dreamt of calamitous market turns lower. I recall when the market crashed in 1987, when I was just 11, being pleased by it. I was reading the newspaper and was delighted in the losses inflicted upon errant traders. It’s very simply, actually. If you lose money during a crash — you deserved it.
While some of us saw the little subtleties of decline before they happened, most did not. This is what makes a market and separates the great traders from the chaff. You being chaff should strive to be more like me — fastidious and hard working. Do not drink booze and visit the gym to lift weights 5 times per week and limit your consumption of carbs and fun. Life isn’t fun — but instead a never-ending toil by which we measure ourselves against others in an attempt to leave the world slightly better than before we had been born.
If you’re curious about what I think the market does next — FUCK OFF. I am not interested in sharing my innermost details of market timing. I will say, however, that the credit markets are stable and those seeking refuge inside SHITCOINS have been dispatched. We are not yet circling the wagons around our own grave, but instead flirting with the idea of getting in a very fast calash and driving it over the cliff unto the hard rocks below.
I was up 30bps for the session, +0.85% for the week — all trades furnished in RT inside Stocklabs.
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