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.
Joined Nov 10, 2007
20,859 Blog Posts

Spectacular Trading Spills into 2021

Reminder: markets haven’t been this good to the upside since the dot com era. The idea we could constantly bag 10-100% intra day gains in a sundry of stocks would be a foreign concept prior to late 2018. We have gone parabolic to the upside and I do believe much of it is being fueled by zero commissions, which has permitted retail to regain its power in markets. Prior to this grande time, markets were dominated by HFTs and money managers who chased performance. Ideas took time and day trading wasn’t appealing on most occasions, particularly during the low volatile era of 40 Dow points per day that plagued these halls with smug blogs for many many years.

I celebrate this reinvigoration into high stakes, high end, gambling and welcome all to partake.

Please for the sake of your pigeon brained sized minds, place politics aside and forget it ever happened. Look at all of the fucking fun to be had here. I closed out the week +9%.

No booze for me this weekend, as I am back dry till St Paddy’s day. Excessive quantities of coffee, I find, suit me better.

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Excellent Week 1 of 2021

I am presently flat in my trading, more or less slightly burnt out after a week filled with excessive training. I’d argue that trading and trading well is the hardest job in the world, much harder than being in the military or dumb construction jobs. Imagine having to go to work every day with a stupid hammer and be rote instrument of construction.

For the week, I am up 8.3% and my gains will likely INCREASE towards the end of the session. I haven’t really tried to profit today, as I felt the desire to do nothing. Instead of waking early and trading really hard I did the exact opposite, lazily slept in and then I read a little and did more of the same of nothing at all. As a point in in fact, I haven’t even eaten today. This is, needless to say, a much harder job than say manning a cashier’s register or even being a cop in Portland.

I have to WALK THE FUCKING DOGS now and I cannot stress to you enough how much that I hate doing it. I prefer people over animals and if I am being honest with all of you, I hate animals and really do love people. I love people and hate animals. There I said it.

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The Nasdaq jumped by more than 300 points, Bitcoins leapt over $40k, but yours truly had a trying time in the market trading. First and foremost, my static, once per mo managed, Quant was up 2.7%. Half of my money is there. I have a new account, called my Long Term Dollar Cost Average account and it was up 4.3%. It is 10 stocks that I buy every month, equal weight. And then there’s me, fucking guru stock trader who bellied into the session short via inverses. I was bogged at the open for -1.5%, traded back to nearly breakeven — and then got caught long in a cataclysm of spiraling crypto derivative stocks when BTC fell from $40k to $37k intra-session.

I took losses and my day was at session lows of -2.5%.

Having already traded 60 times, I placed a restriction on myself to only trade 1 stock at a time. If I wanted to buy XYZ, I had to sell something first. This kept me very disciplined to be accurate with my picks and caused me to watch every position with intensity. I never dipped below 45% cash during this time, from 2:30pm to the close.

Here were my trades into the bell:

ALDX +4.7%
OEG -3%
ENG +7%
UAVS +7.2%
FTFT +10.7%
IDEX +4.1%
And again IDEX +3%

I ended the day down 0.5%, more or less a nothing-burger, done via 89 fucking trades that makes you wonder why go through all there trouble. But then you look at the longer term returns and know you’re doing the right thing. These types of days happen and there is nothing you can do about it. Admittedly, I have never really day traded in my life, up until last year. I wasn’t equipped for it and never explored it. I was always an excellent stock picker, but rarely intra-day. That has of course changed drastically with my tools in StockLabs, which I hope to share with you soon. I sit and watch volume spikes, coupled with the technical grading algos, and catch waves all day long.

See you fuckers tomorrow.

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An Unbelievable Display of Massive Mental Illness

This is going to be my last post on the Trump syndrome that has take place the past 4 years. What many on the right mocked the left over, getting triggered and becoming a ‘snowflake’, has in fact also happened to them. This whole fantasy with Q and the fucking plan is a giant larp. You fucking idiots believe Trump is Jesus. Trump is a very flawed and selfish man who has done NOTHING for the people who run into gunfire for him. You are a fool to believe a billionaire, someone who grew up in a castle, relates to you — all because of his tweets.

You are a fool to believe there is some sort of grandiose plan to ROOT OUT the underground network of pedophiles that are secretly ruling dominion over this country. I mention this because I see intelligent people falling into a psychosis over this shit and it needs to stop. WAKE THE FUCK UP. If religion is your thing, acknowledge that idolatry is a sin. No person is worth this much anguish.

The original idea of Trump in 2016 was cheap healthcare, no wars, and bringing jobs back to America. What you fuckers are talking about now is straight up bat-shit insanity — and it’s going to cause depression and humiliation. You need to let it go and accept the fact that palace intrigue is for idiots and your lives will be exactly the same in about 2 weeks when Joe Biden takes office.

The problem with not believing in anything is nihilism. Be bullish. Try to trust people. Try to let go of the hate and focus on productive things.

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Back to Trading

Political posts are always a mistake. It draws out the worst people and the ugliest opinions. Fixating on palace intrigue isn’t healthy. In fact, it’s mentally retarding you. I understand the desire to believe in something greater than yourself, or an ideal that can bring meaning to your lives; but it doesn’t need to be this.

Let’s focus on trading and work towards improving our own lives and perhaps you can make enough money to create a legacy for yourselves or family name. Plus, it’s very enjoyable to try.

Starting off the day, I’m down 110bps, due to fucking inverse ETFs. Let’s see if I can reverse that.

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Both sides of the political spectrum have something in common: they hate their government — but for different reasons. What we’re seeing unravel today in the capitol, violent rioters marauding through the capitol building, is what happens during the 9th inning of the humiliation phase of the working plebeian. There are a billion reasons to feel disaffected from your government. Americans tend to be a bit more dramatic when it comes to its politics. But you can clearly see the cracks settling into the surface during the summer riots of 2020. People bore witness to violence and their cities being ripped apart, only to have it all washed over, police doing more or less nothing, and the candidate who seemingly supported the movement elected President in a manner that many do not believe was legitimate.

Whether these things are true or not is immaterial, since people believe them. The fractures in American society have been culminating over 4 decades through policies that are not in line with ordinary tax payers. We can circle back to when Trump was elected and identify why that happened: the idea of populism powered via promises of affordable healthcare, the end of foreign wars and spending, and of course bringing jobs back to the country. Now we have a country firmly divided with a demographic shift that has never happened in any country in the history of the world, or since Anglos replaced natives here. The demographic shift could be a giant nothing burger, if it weren’t for the fact that there is a political movement, spearheaded by the media, to humiliate and antagonize people with divisive policies and words. I know, they’re only words, but some people are greatly affected by them.

At the end, it’s all very sad. I am deeply emphatic to people who feeeeeeeel the need to be heard in such a manner. I was at first angered by what I saw during the summer, mainly due to the looting and the destruction of property. After seeing this and taking it all in, I am more convinced now than ever before that my ancestors made a mistake coming to this country and I would be better off heading back to Ireland to run the green fields and calmly trade from the confines of an ancient pub.

Be safe and try not to let this anger you too much.

As for trading, I went from +160bps to down 60bps as markets reversed and then traded my way back to +85bps. I am now net short.

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Never again. I don’t give a shit about rigged elections or Chinese shenanigans, or even Hunter Biden’s cock. I am only interested in what we are doing in the market, something tangible to me, something that actually makes a difference.

I was out all day so I’m playing catch up now. I was fortunate to have a 40% runner in ORTX and I took that gain and sold everything else with it. I am not repositioning into Biden plays, 65% cash.

Big melt up in lithium, EV, solar and anything renewable. I am of course bullish and will continue to trade the market that is in front of me, not the one I want.

Up 180bps so far for the session.

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I was doing great — killing every single trade. And then fucked for face “Citizen Squared” inside Exodus decided to post “CRASH THE CLOSE” with markets at the top. This is not the first time or first day he has afflicted the market with his cancerous Greek jinxes. The subsequent events after that is nothing short of a horror story for me, as I dwindled and shrinked and pined for respite — cataclysm into the close — surrendering 200bps from the top for a meager gain of 1%.

I jerked off with 61 trades and spent a lot of time to vastly underperform my Quant (+1.7%) and LT portfolio (+2.2%) and now I am 22% cash, scared of every tick that I see.

I expect sharp downside for specifically me tomorrow. Moreover, and this goes without saying, I am going to kill Citizen Squared at my earliest convenience.

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About to Go All In Again

Ladies and Gentlemen, the time has come to do away with half measures and limp dicks. I speak of BIG gains and yet here I am with 40% cash. A man in my position can never afford to sit idle whilst the plebs run about naked enjoying the pastoral views. After 2pm, Le Fly, as he’s popularly known in France, will embark on a journey to invest all of his remaining cash. For the day, I am +1.4%, reversing an early 1% spike to the head. I did so via intelligence and wonderful trading. I also ate a great quiche Lorraine and have consumed 4 cups of coffee, one of which was a latte. I have also walked the fucking dogs, tended to the babies inside of Exodus, and done all of my duties running my business. There is literally nothing stopping me from diving headlong into the sea of rabble rousers in search of fresh fish. I will do so at once.

On a separate note, it’s important that I give credit where credit is due. Exodus member who goes by the name of @BUBBA, aka The Pony Tail guy from Good Will Hunting, has made a wondrous call in the Pelican Room and has requested notoriety from the unwashed reader class on this blog. While your knee-jerk reaction might be to roll your eyes or curse him out, I humbly request that instead of being mean and obtuse, you instead offer him rewards via kind words of congratulations!

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Major Pop in Crude — I Don’t Trust It

One of my thesis plays is inflation. Under a weak dollar and higher inflation oil does well, very well indeed. This is lining up similar to 2007, housing bubble edition, when oil cremated shorts and went above $125 and walked around naked with its long dick. I must tell you, I’m not a fan of crude and EV at the same time. It seems stupid to me. Nevertheless, I trade GUSH today for 4%.

I traded my out from a 100bps hole and now have gains of 75bps. I can literally make coin at will. This is not the point of the blog. The point I am trying to make is oil is the devil. I don’t trust it and I don’t like the men who drill for it.

If you really wanted to play inflation, well then, look towards miners and Ag. Might I interest you in a little potash, good Sir. I have a position in MOS and it looks cheap.

Presently, the market is easy to trade. My coffee is hot and the quiche Lorraine is almost done in the oven, so I need to fuck off now.

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