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Dr. Fly

18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.

RECORDS ON TOP OF RECORDS ON TOP OF RECORDS

What else is there to say. We trade often and well. My skills are perfect for this tape. I am not sure if I am that good — or it’s just really really easy now. I am 99% sure it has nothing to do with me. I think my skillsets will come in handy whenever this clown show ends.

But for now, alas, winship rules the day.

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Citron Hit With the Retarded Hammer — The People Will No Longer Accommodate

A wonderful thing has happened today — the good folks at Wall Street’s Bets on Reddit have gotten “angered” by yet another attempt by Citron Research to manipulate share prices via their fucking reports.

So this is how it allegedly works.

Hedge funds pay Citron for their “research.” Then, allegedly, Citron takes a position, publishes their report, enjoys cascading share price as unwashed plebs suck their dicks and adhere to their advice. In order for this to work, the plebs must comply. If they do not comply, the whole scheme, allegedly, falls apart.

Meanwhile the lads at WSB are working in the Citron salt mines now, layering in levels of pain upon Citron and their co-conspirators clients.

This is what happens when the people hold sway over the gatekeepers. You get disrupted and a standard deviation blow out.

Gamestop hit an all time high today, amidst plummeting fundamentals and a COVID-19 lockdown.

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CRYPTOS HAVE BOTTOMED…AGAIN!

The horror stories of yesterday have all subsided. For a moment, it looked as if BTC-ETH were finished, now we can clearly see they’re just getting started.

I wasn’t aware of how many conspiracy theorists existed in cryptos until this recent dip, with tales of tether and how it’s all a scam concocted for higher prices. Let me let you in on a little secret: life is a scam. Everything is rigged, even churches. So before you ascribe to some sort of belief system let me remind you that you only live once and you have a period of 40 years to truly enjoy yourselves.

Quit wasting time on theories and see things for what they truly are: comical.

None of these prices make any sense, yet I cannot prove SUNW is a scam or how POLA is 90% over valued. I’d rather buy them then sell them short. Price action always rules.

I saw in my previous thread a few of you shit upon day trading. That’s what I thought too until I accepted it and embraced it. Now it’s all I ever do and my success is greater than anything I’ve ever done, thanks in large part to Stocklabs (coming soon). I’m up 34% for the month and was up 37% last month. What the hell are you doing?

Back to fishing. Go get some crypto derivative stocks.

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HERE ARE THE FUCKING RULES FOR TRADING

I’ve been trading before you assholes were born. I’ve sucked at it, phenomenal at it, and now I am a master at it. I know every single way you can blow the fuck up — because I have done so numerous times. I’ve seen every type of market and have been lured into murder holes more times than I can count. I am doing this post, not to teach you, but to tell you how it’s supposed to be done.

First of all, wealth is rarely created via trading. Once you accept this and understand that what you see now is the EXCEPTION TO THE RULE you will find comfort in elongating your time frame for more than 30 secs.

If you do not have a min of $25k liquid to trade, you should not trade.

If you are cash flow negative with your bills, you should not be trading.

Some will ask, “well Fly, how the fuck am I to escape the pangs of poverty without risk?”

Answer: work harder, find a side hustle, EARN money. Depending on trading for income is gambling. Any good trader understands this and knows the money at risk is money he can afford to lose.

DO NOT TRADE OPTIONS at all if you are a rookie trader, less than 5 years in the market. The reason why is you’ll get addicted to fast wins/losses and never truly understand price action. In other words, you’ll skip over booze and pot and go straight to crack head status.

DO NOT TRADE ON MARGIN. You need to learn price action and risk. Do not amplify your bullshit account, for it will only accentuate your weaknesses.

Take losses fast. If you would not buy your stocks in your trading account right now, sell them. Trading is all about momentum, especially day trading. If you missed the trade, so be it.

BOOK LOSSES fast, very fast. Max drawdown for me is 10%. I rarely let a day trade exceed -5% in losses. I typically compile about 5 runners and will cull them if they turn lower. My profits are booked equally fast, often times taking 3-5% gains. On occasion, these stocks run very fast, so I am lucky to enjoy double digit intra day gains. But this is unique and markets aren’t always this accommodating.

When holding trades for overnight morning rippers SELL IN THE PRE-MARKET if you have gains exceeding 15%. It does not fucking matter where the stock can go. You ripped 15% overnight. Being greedy is equal to being stupid.

If you have a process that is working, do not deviate until it stops working. If you begin to lose using your methods, re-examine the process and adapt.

POSITION SIZES SHOULD BE NO MORE THAN 5%. On rare occasions I will double or even triple down — but I will never hold overnight with said size. I endeavor to profit thru the quantity of my wins, not the size.

Do not over-analyze trades or get bogged down in stupid technical analysis. Only volume and price action matters. Looking at lines on a chart will never help you.

If you’re down more than 3% for the day, consider going to all cash or larger capped in order to stem losses. If you must trade, take one trade at a time and build your way back.

The highest probability outcome is most likely to make you money. In the case of stocks, most of you are ill equipped to trade, let alone day trade. However, if you have 10-20 years left in your lives you can compound returns and create real wealth. Trying to execute short cuts, more often than not, will lead to ruins. Those FUCKERS on Wall Street Bets now will most likely all get wiped clean the next correction. Their behavior will be punitive to their financial freedoms because they have no discipline and believe, foolishly, that stocks can never go lower. As you know, they can and will trade lower, especially when you least expect it. Trading is fun and can truly create wealth if done in a way that is absent of ego. But you cannot expect to turn $1k into $100k and I would bet against that person 10 out of 10 times — because someone with only $1k trying to turn it into $100k has yet to understand the basics of money, let alone understanding the complexities of trading in the world’s best casino.

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Markets Want Lower

You can just see it ebbing, wanting to drop dead. Cryptos are lunging lower today and everything you loved about Trump’s big fat stock market is over. Gone are the days when a Commander in Chief would shit-post about record new highs on the market. We’re back to a more sober form of governing — one that might benefit the poors, not to much the well to do.

Empire America is still very much alive and you’d be remiss to bet against her. However, look at this shit — the perfidy is off the charts. There will come a day when you rue the moment of your birth. I believe such a day hastens to the forefront and you’d be wise to plan for it.

In the meantime, I am still day trading — trying to catch a wave, until my legs get eaten off by sharks.

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SCHOOL IS IN SESSION; SIT DOWN PLEBS AND LEARN

The title is complete bullshit — clickbait nonsense. I am not here to teach any of you anything — God damned it. I am here to boast and revel in my own genius.

BEHOLD

Earlier this morning I was summoned by my mother in law to ferry her about town to the doctor. Because of this circumstance, yours truly sold some of his magnanimous runners pre market. I was most fortune to be up 450bps before 9am.

I sold CIDM last night +13.4%
EMAN pre-mkt +30.33%
LCTX +34%

And then when markets opened, from my car, I sold WWR -13% and ALDX -9%. All seemed good and well — because I was up nearly 5% and enjoying my morning. Before settling in for a long wait as my mother in law ran about the clinic, I sold PTN +14.4%, OPTT +13%, XONE +6.7%, EOSE +6.7%, FUTU +8.5%, JKS +5.2%, HMI +3.8%, PUBM +3.2% — all before 10:15am.

As time drifted and I wasted away watching videos inside of my fucking car, I got restless — but didn’t feel comfortable buying stocks without my tools. So I sold some more — this time CLVS for +5.45%.

Now I felt like a long dicked champion. I had gains of 5.7% and was 70% cash, a true legend in the making. I could now relax and bear witness to the markets crumble beneath my hubris. But then I got restless again and I bought a little NAIL — just for a taste. The homies were breaking out and I figured a macro play on the sector was a good bet. That turned out to be a non-even thus far — but the magic was yet to begin.

I got back to the office by 3pm, fully caffeinated and ready to add to my gains. Stocks had stabilized and people inside Exodus were feeling good — but a bit sluggish.

My first purchase to liven things up was KRKR aka The Kraken. It went down almost immediately and members inside the Pelican Room succumbed to it because they were weak and didn’t have what it took to hold the line.

Then I did the following in and out trades — all inside a matter of minutes.

GSAT +8.3%
ITP +6.1%
MDGS +3.4% (from yesterday)
YQ +4.7%
RCON +4%
FTOC +4.6%

And finally, as the room con-caved on The Kraken, Le Fly doubled down his bets at -10% and inside of 3 mins sold the entire position, 10% weighted, for a 2.8% profit.

All in all, I closed the day up 7.8%, 16 for my last 16 — currently up 31% for the month — 35% cash.

Is this to be expected daily? Yes, that is correct. I intend to do this every single day and if trades go against me, I might not ever sell — but instead opt for a rich man’s Martingale Stratagem — doubled down each time until profit is enjoyed.

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ANOTHER MASSIVE MELT UP IN STORE — HAPPY INAUGURATION DAY

Listen to me. I’ve been trading since the fucking early 90s, a small boy with nothing more than a few grande — stupid and poor — ignorant and greedy. I’ve never seen anything like this before. What does me trading as a small boy have to do with being stupid poor and greedy? Nothing at all.

I stand before you atop a mountain, up 500bps pre market. I’d rather not give you the details, other than to say I am almost fully invested. The previous days when I was up just 200bps, I was only invested with half my money.

Nasdaq futures are up 120, cryptos hammered into the ground after Yellen said they might be used to finance terrorism. The fuck it is.

At any rate, I’ll be busy this morning, out and about, unable to fucking trade. I will, however, book profits and lead the life I was born to lead.

I will eclipse +30% for the month for two consecutive months. Make that two elections in a row where stocks roared post election, making everyone rich-er.

Indeud.

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Cheers to Globalism; All Hail the New Chief

Real money is being made in markets. I was up 37% last month and another 22% this month. I’d like to believe this could last forever; but nothing this great can ever outlive eventual degradation. What you’re seeing celebrated now in markets is power — full control by the left in America to push forward their vision of the future. While you might view it as disdainful, markets don’t give a shit. There’s a reason why solar stocks are soaring and we cannot produce enough lithium.

Power projected that is believed to be genuine causes assets from that base to soar in value.

There will be no coup. The globalist regime is back and bigger than ever.

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RECORD GAINS AHEAD OF INAUGURAL FESTIVITIES

Greetings and salutations,

I’ve been out and about this morning, although eager to trade and I will do so at once. But before I do I wanted to give a quick run down of what’s going on this morning. Lithium, Alt Energy and fucking space stocks are taking off again, as the world’s most popular man gets ceremoniously appointed into office. America will celebrate this grande fete amidst thousands of armed guard and 200,000 flags, in replace of the people who tearfully cannot be there. I look forward to a most powerful administration, where flying cars and casual sojourns into low orbit space become common stance, as ordinary as going to the store for a bag of potatoes.

Le Fly entered today 55% cash, but has still managed to rip higher by 2.2%, thanks to gains in GILT and DBVT. I shall trade now and prepare myself for maximum happenings, as America blesses the world with yet another President of peace, a man who knows no boundaries when it comes to generosity and magnanimousity.

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It’s Reasonable to Assume Higher Prices for Everything

Let’s try to brainstorm this for a moment. What is the worst case scenario for stocks?

The COVID vaccine doesn’t work and we’re stuck in perpetual lockdown. Government keeps printing money until it becomes untenable and the dollar collapses. However, the dollar cannot collapse, since printing is being done worldwide, unless of course China becomes the new currency reserve, which will never happen since we own petrol-dollar trade.

Another worse case scenario is Biden era EPA crackdown, fucking companies with regulations. However, that might be offset by the immense funding in green initiatives, so does it really matter?

I think, and this goes without saying, the greatest risk to everything falling apart begins and ends with the dollar. The only way the dollar can lose dominance is via a lost war with a major power and/or the end of the petrol-dollar, which can happen if cars all move to EV and we figure out ways to heat our fucking homes with the sun. Once the dollar goes then the whole system collapses — but I doubt it’ll happen this decade — maybe in the 2030s.

The bottom line hedge in all this, naturally, is cryptos. Gold is ok, but is not communicable like BTC or ETH and it simply lacks sex. The bigger the boom in tech, the wealthier tech titans become, the more they buy cryptos — it really is that simple.

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