The Bull Market Continues

I traded poorly today, getting in too late and leaving too early. After realizing I was off, I slowed my trading down and leaned into some ETFs, heading into tomorrow with a book 100% long and leveraged. For my troubles, I shed 45bps; but I have numerous accounts and net net I made money.

These are the accounts that I focus on:

Fly trading: day trading, larger account focused on alpha
Solana: I buy $SOL monthly
Stocklabs Quant: I allocate into 16 new stocks every month all taken from the Stocklabs algorithims.
Strategic: My best longer term ideas
Tesla Uber Focus: Last year I bought $TSLA each month like paying a bill. This year I do that with $UBER.

In addition to my stocks, I own a decent amount of $BTC and various other shitcoins. I also maintain and manage trust accounts for my children and occasionally adjust things in Mrs. Fly’s portfolios.

Lastly, I’d like to leave you with some stats, food for thought. These are all of the months the NASDAQ fell by more than 3% dating back to 2010.

Month,Percentage Drop
May 2010,-8.39% (1)
August 2011,-6.42%
September 2011,-6.36% (2)
April 2012,-3.46%
May 2012,-7.19% (2)
June 2013,-3.52% (1)
October 2014,-3.53% (1)
August 2015,-6.86% (1)
January 2016,-7.86% (1)
zero for 2017
February 2018,-3.88%
October 2018,-9.20%
December 2018,-9.48% (3)
May 2019,-7.93%
August 2019,-4.57% (2)
February 2020,-6.38%
March 2020,-10.12%
September 2020,-5.16% (3)
January 2022,-9.49%
April 2022,-13.26%
June 2022,-8.71%
September 2022,-10.50%
December 2022,-8.73% (5)
August 2023 -3.44% (1)

It’s worth noting that every single year going back to 2010 is accompanied by at least one down 3% month for the Nasdaq, except in 2017 when the worst month was -1.27%. In he larger scheme of things, we have been in an unprecedented bull matrket, only interrupted by the COVID lockdowns of 2020 and the Russian war scare of 2022. What you should take from this is that markets go higher but when they don’t the news is introduced with ample time to take action.