WE ARE 4AM TRADING AGAIN

At the apex of my glory today, I was +4.6%, in frantic trading. I felt, if being honest here, that I could not be stopped and that it was my right to make more. I wanted more; therefore I had more. I leveraged up and gambled heavily and it paid off — probably because I am a good person. In the after hours my position is LOTTERY DOT COM $LTRY is exploring new highs and my GAME is also partaking in a little extravaganza.

META and ALGN smashed estimates and it’s fair to see, in spite of all the bad news, the bull market is back.

This might be hard for many of you to grasp — but get a look at this.

I am +19% YTD and although you’d like to believe it wasn’t true — I trade live inside Stocklabs with a proper pnl for all to revel in my glory.

I have hedges and I am keen on the idea of waking up at 4am to trade again, as we did regularly back in the COVID era. At the end of the day, we all get what we deserve and I most assuredly deserve more.

In spite of the late morning COLLAPSE and subsequent pull back in many of the SHIT names which were running earlier, I do not believe we are done with the extravagance.

There is a risk on aspect to this tape that you can’t just turn off. We aren’t just getting oversold stocks bounce, but thematic runs in specific areas of the market that speaks to energy and spirit amongst traders. People are actively hunting for names and through that hunt are ganging up and boosting share prices of the biggest pieces of shit known to mankind.

It’s very easy to be a bear, especially since the world is ending. Aside from that, stocks want higher.

I pulled back from session highs of +2.6%, now up +0.82% without hedges. I will now progress into said market in search for sport.

NOTE: The Feb quant is now up in Stocklabs.

Doing a little reconnoitering, it’s clear to me risk is very on. At the top of my agenda is to find volume delta breakouts near session highs. I had EBET and MVIS at the top of my lists yesterday — but opted not to get involved. I had FAZE, EXAI, and SLLG and made good money. The common denominator is, for whatever reason, they’re all in the same general industry.

Inside Stocklabs, I have things organized as such I am able to pull up entire sub lists of industries and monitor it like a proper Gentleman-Trader without having to worry.

These are the areas of interest to me now

Esports
AI
EV
LIDAR
Drones
VR
Autonomous tech

Names include VERI, GAME, VS, DPRO etc

The list goes on and on. The point is, I happen to know what I am doing and this happens to be a hot market now being led by thesis trade — my core competency.

+254bps early going.

I am not here to teach any of you anything. I am only here for self-aggrandizement — writing these things down for historical purposes. Once there lived a man called Le Fly and he traded to and fro — floated through the room amidst pomp and circumstance — bowling on his competition both real and imaginary.

My month to date stats.

Sometimes I might even give you the wrong advice on purpose in order to keep my trade secrets safe. It’s important that only I win and that my percentage gains outstrip all others.  While at times necessary to show the public that I too can falter and complain on the blog about how finished I am and how I lost my trading touch, it’s important to sit back and behold the pageantry of it all — a long historical track record of excellence for all of you to gaze at and even duplicate — providing you’re a member of Stocklabs.

It is true, a great many of you, hundreds even, have been CHASED OUT of Stocklabs, mostly due to feeeeeeeelings of inadequacy or temporary delusions of grandeur, there are some of you former members out there I’d like very much to see again. For those whom are out there, and you know whom you are, find solace in knowing we have all transmorphed inside The Pelican Room — kicked out the racists and the BIG RUSSIA lobby in favor of a more genteel trading community of cigar smoking zealots.

What to expect going forward?

Higher stocks and even more degeneracy in areas of the market like LIDAR, AI, EV, autonomous tech etc. It’s like explaining the workings of the universe to an ape, really.

I stand before you a most victorious man. I haven’t traded for many hours, mostly because I don’t need to anymore. I am +3.2%, after executing innumerable trades which worked to my advantage. I have taken from the market what I felt like taking, knowing that I could, if I wanted to, take much more.

One mustn’t be too greedy, lest the stock Gods might frown upon you and strike you down with a margin call or two.

I only have one margin position now, which is SLGG. I do believe it can run, which is why I am long. But I also do believe that it has the potential to tank. Either way, my position size is small at 5%.

Month to date and year to date, I am +14.3% — and I have achieved these returns in the most genteel and fashionable way possible.

My first and second inclination is to sell short, mostly because I am a permanent bear. The good news is — I am aware of this malady and take measures to fight against my inner bear. It’s fun to pretend, after all — so here I am a bull now sashaying throughout the markets — rooting for NATO and the FOMC and all of the wonderful power structures that make up our lizard government.

At times, I catch myself reverting back into the bear cave, selling short into an upward tape. But I soon correct myself.

I did a pastiche of trades today — but ended up where I am now which is +110bps with 115% long. My intention is to pare down to 100% long, unless of course there is something rally cool to trade which happens almost all the time.

My AI thesis is popping today, with SSTK and AI leading the fray. The only “AI” stocks I am long now are UPST and LMND.

BOTTOM LINE: Since I am such a good person, the Gods have bestowed monetary gifts upon me — showering me with the knowledge necessary to make wise decisions. It’ll take some time to get used to this NEW BULL MARKET; but rest assured I am wholly adept at conforming with upward surging tapes and will make the best of it.

I barely looked at the market today — no need since I am able to quite literally make money at will now. I carelessly allocated 100% long into 20 stocks and took the balance of the day off — not because I needed to but because I felt like doing it.

I know — so many of you toiled in front of a hot screen with your eyes burning out from your skull — ANGRY at Le Fly aka “El Midge” in some circles — because I make it look easy. There was a comment in the previous post, the only comment as a matter of fact since these halls are now a whistling corridor, alluding to yours truly partaking in what he described as a “SWITCHAROO” — in reference to me selling BBAI at 4:00am +35%. The accusation, or the implication, suggests that I was being somewhat untoward with my sale. But the fact of the matter is, the stock closed +70% today, reducing said accusations to a pile of shit stacked high atop a mountain of trash.

See pal, this is hard for you to accept and I understand why. I am simply better than you, not just in stocks and bonds — playing the game of capitalism — but in most respects. I am most likely a better MASTER CHEF, Barista, Mixologist, Historian, Writer, etc. The list is almost endless. I do not need anyone to acknowledge this — but I am merely stating it as a matter of fact.

Into the close, I leveraged to 150%, with a 15% hedge via SQQQ. My book is overall bullish and I believe, as it is my right to do so, I deserve more.

At around 4am I was fortunate to be able to trade from my Webull account and blow out of BBAI and ATER for +35% and 20%, respectively. I liquidated the balance of my 140% leveraged long account after 10, just as the market began to turn lower for +64bps. I had been up more — but we cannot quibble about suchness.

For the year and month, I’m +11.4%. I was +9.4% last month, which basically means I’m on fire and cannot be stopped.

It’s not a coincidence that this breakout coincided with my weekly quant strategem, which I shall reimpose again after 12:30pm today. Even though the market is sketch and I feeeeeel it goes lower, I’ll just have to deal with a 100% long book and hedge around it.

One of the best ways to lose money in the market is to believe in yourself more than what the collective opinions of the market and then acting upon them in a most heinous and egregious manner. Animals pretending to be humans walk upright as pigs and position size 20-30-50-100% of their money into “YOLO” trades and then wonder why they got blown up. If right, the rush feels great and that feeling of instant gratification will cause you to repeat that “one off” trade over and over again — until the house wins.

To help my fellow traders, I wanted to, on this pleasant Saturday, remind you of some things, the same things that have helped me trade well, so that you too could trade well.

Do not position size more than 5%. Do not bet against prevailing trends. Do not position size more than 5%. Do not bet against prevailing trends. Do not position size more than 5%. Do not bet against prevailing trends. Do not position size more than 5%. Do not bet against prevailing trends. Do not position size more than 5%. Do not bet against prevailing trends. Do not position size more than 5%. Do not bet against prevailing trends. Do not position size more than 5%. Do not bet against prevailing trends. Do not position size more than 5%. Do not bet against prevailing trends. Do not position size more than 5%. Do not bet against prevailing trends. Do not position size more than 5%. Do not bet against prevailing trends. Do not position size more than 5%. Do not bet against prevailing trends.

Also.

Stop out of trades when they go down on you, no more than 10% but really Sir, you should sell at -5%. I’d like to also add, you’re not smarter than the market.

How did I turn $100k to $900k in two years? Simple.

I bought the COVID lows and never second guessed the market. My position sizes always started at 5% per stock and no more, at the very highest and for short durations 20%. I stopped out all the time, avoided large drawdown and would often have 50% of my account in cash. I went months without gains and FUCKERS would soon declare “so sad, The Fly lost it and is finished.” This happened all the time. I was declared a “bad trader” all the while producing 200% gains.

The reason why I suck from time to time is certain tapes do not conform with my personality. I am best during momentum trades, whether to the upside or downside. I can short into the hole like the best of them and ride trends until their wheels come off. I am not good in chop and do not like to trade chop and when I see my performance waning, instead of doubling down in stubborn egotistical trades, I recoil and trade light.

Do you know how I could’ve blown up and not be at record highs?

I could’ve thought I knew more about the market and obstinately shorted the market and when my trades lost money, I could’ve increased those positions and kept increasing them — because how could I, the smartest person that I know, be wrong?

HUMBLE YOURSELF.

This is my usual routine, amended for current stratagem.

Keep book 100% long at all times via Stocklabs weekly quant picks. Trade around it and hedge closes if market looks sketch. Upon the open, CLOSE THOSE HEDGES — for the market tends to rip higher after 10am. Open screens and search for stocks within 2% of session highs on heavy volume (stocklabs does this) and buy STRONG STOCKS and take quick gains. The purpose of utilizing margin is to be in and out fast, not to accrue margin interest. If I am down 1% for the day and my hedges are up 1.5% — but I am still down 1% net, closing those shorts might be a good idea — since they in fact reduced my losses. That’s the whole point of them. They aren’t there to turn my entire account green in a down tape, but to reduce my losses.

On the flip side, when I leverage long to the tune of 150%, that additional exposure is only there to juice my returns and should be closed out quickly in order to reduce risk — should markets decide to trade lower again.

There is no worse trade than seeing a profit turn to loss and that loss turn into an emotional trade whereby you find yourself doubling down for the sake of protecting your ego.

When you are wrong, tap out. Do it often and before long it will be routine and you’ll never hesitate to admit when you get something wrong again.

Do you know what is a good return? Anything better than 10% per year. If you do not have time to trade often — use the Stocklabs quant picks (monthly allocations) and go yachting.

For those who don’t know me and think I’m just some bragging piece of shit know it all, I wrote two short stories about the time I blew the fuck up and out in magnificent fashion.

I’m friends with a really successful guy named “The Devil.” True story. He thinks he’s better than everyone but knows and understands he’s not better than me. Today he tried to warn me of a 12% COLLAPSE in the market, likely stemming from his cowardice in his position sheets. I will have you know, Le Fly isn’t afraid of anything. You should’ve seen me out there today — booked 100+ trades just swinging in and out of things, intermingling with my PREMIUM trading room — castigating them for not heeding my warnings.

I actually lost money today, -33bps — but had the time of my life.

I have transcended making or losing money. Now I trade for pleasure, leisure even. See, I have these ideas and then I act upon them and it produces and emotional response in me that makes me happy.

What is my fucking problem?

We’re in a bull market — so absolutely nothing.

I realize in the past year or so many of my new readers were attracted to me for my heavily pro Russian and BEARTARD takes on markets. Whilst I am still heavily pro Russia, I have all but abandoned you retarded bears — until I grow tired of this bull trade.

Today we saw a thesis break out around electric vehicle and artificial intelligence stocks, in addition to the normal short squeeze plays — which catapulted higher by 4.5%.

I expect and anticipate these thesis trades to continue — because when the momentum gets going and the proles crawl out from underneath the steps to open their Robinhood accounts — WE ARE JUST GETTING STARTED.

I traded frantically today in order to curate my holdings and get a feel for what I was looking at. I was not, as crazy as it seems, trying to make money today. I closed the week +5% and my YTD gains are a respectable 10.6%. But I’m not here for market performance and you’re not here reading me for mediocrity.

The pain trade is UP. The lashings will continue and the bears will receive Pelosi styled hammer blows to the cranium — as Americans style themselves to be war profiteers — sending tanks and weapons into the east for purposes of establishing peace by way of death and war.