ANNOUNCEMENT: I’m Coming Out as Trans-Bull

Dr. Fly Thu Oct 12, 2023 4:19pm EST 1 Comment

I had an interesting day and I’d like for you to come upon my journey, describing to you in detail how I felt and why I did certain things considered by some to be sacrilege.

I had a wide array of plans entering before markets opened and none of them panned out. I was heavily short and angry at the market — because it wasn’t listening to me. As I am the most important person that I know, I took great offense to this and let my feelings be known all of the internet.

Early going the market shattered me into thousands of pieces — due to an odd divergence between small and large capped stocks. I was short the NASDAQ, which was up, and not short the small caps — which were down dramatically. Additionally, I had a massive position in the VIX, which for whatever reason refused to trade up. Again, I took personal offense to this and penned a blog about how I was so important the creators of the heavens and earth took time out of their busy schedules to target me directly, my trades specifically.

Late in the afternoon, I had obstinately held my shorts, consisting of but limited to 43% of my overall portfolio — valued at $1.1 million. I usually never partake in positions larger than 5%, so this was a blood feud for me — a holy war against those I deemed evil.

Then the market broke lower with alacrity. My ruinous session had been redeemed and I once again felt like a champion — the type of person to tell you to your internet face to “fuck off and to kneel before the iBankCoin standard” prior to offering advice. I closed out of my shorts about mid-way into the sell off — not because I cowered but because I am a professional and realized I had been under witch’s spell earlier to risk so much on a market collapse. It had seemed beneath me as I covered them for minor losses.

The transgendered bulls lost the initiative and then the NASDAQ — pandemonium broke loose — sending it down more than 120 and the VIX soaring more than 13%. I switched sides, as I am prone to do and began to accumulate stocks — reducing my losses from -2% to just -53bps for the session.

I stand before you redeemed and completely in charge, victorious over the stock Gods and everyone else — even though I lost a little money. Making money is only part of the process of being a successful trader. Confidence is everything and as of now — my esteem cannot be higher. I am HEAVILY LONG but with a sizable hedge via $TZA.

Tomorrow we cut off the heads of our enemies and let them know who is in charge.