I made you a chart to look at. It is GUSH, the leveraged oil stock ETF, which was my fate today. I was long so many oil stocks and ag stocks and gold stocks and military stocks to go with my hedges. I was all loaded up, General Faggot Patton in the PR serving up bombs.
To be clear, by 12pm I knew I was cursed. I knew no matter what I did it would go wrong. I could be both long and short at once and both would decline and that’s exactly what happened. Longs down, shorts down and I closed at my session lows -2.1%. Today was even worse than yesterday, a day which I opened -3.5% only to rally back to -1.6%. Today was a larger loss and a more severe loss mentally, since it seemed the market was my shadow and it cursed me at every corner and in every alleyway I looked. I am now down 1% for the year, after blazoning ahead last week +13%. I am also down more than 5% this week and the pit in my stomach is turning tight and I can feel the anxiety and the stress mount — with all of the cross- current news items and wild gyrations in the tape. It’s also worth documenting here, there was news in this oil trade before the news hit, if you know what I mean. ALL DAY the oils were getting hit and it made no sense with WTI +3%. Yet methodically and then all at once, it collapsed on some stupid fucking Iran-nuclear deal to come. No fucking idea what that means — but likely Iranian oil back on the market. Biden seems to love sucking Persian cocks.
What next?
I ended the session a true moron, long 3x UVXY and some SOXL, LABU and MOS, a plainly stupid combination which should amuse you to know ALL CLOSED DOWN for me except MOS — since I bought that 2 mins before the bell.
Today could not have been worse even if I tried. It was so bad, I am thinking about not trading for the rest of the week — because -1% for the year isn’t bad all things considered. But what is bad is my mental state, furious and frustrated at the state of things, prone to error and poor choices.
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I am long an old man oil stock. I intend on holding it until the first hurricane targets New Orleans. Inflation makes me sleep well at night.
Sold 2/18 XOP calls during morning’s pop. Felt like the writing was on the wall.
Any deal will come a the price of additional $billions extorted by Israel.
A painful day, Fly. Your opinions recently have seemed so over the top and you seem so certain what’s going on politically — could you have lost some of the flexibility that makes you a great trader? Seems you are having a lot of strong FEELINGs lately.
The GOP is in shambles, It will be for some time to come. They have the wrong perspective, agendas, and are catering to morons. The old GOP guard that knew the Middle East is gone. May George Bush Sr. rest in peace. Biden knows the Middle East. The Middle East has oil. And stop saying he fucked up the Afghanistan bug-out, What did people think it was going to be like? Closing time at their local watering hole. As far as our economy goes, remember, Rockie and Bullwinkle. It may even work with Ukrainian Russian relations. Global, old-world wit. The GOP billionaire PAC backers are provincial and lack wit. It’s suffocating.
Another mildly retarded iBankCoin county heard from.
Your pussy is in shambles and it has been for a long time.
Your posts are suffocating. Go away
By definition, “bug-out” is not a phrase synonymous with success or triumph.
None of you really care about Commander Fly and what he is going through. He needs to laugh and get some oxygen in his blood. He needs to take some breaks and zone out to some silence, birdsong, or good music b/c that’s when our brain creates solutions and new ideas. I hope he’s remembering to stay hydrated as he stares at his charts. Vitriol is counter-productive. The Fly has wit and a global perspective. He is not provincial.