Shut Up, “Rigged Game”

Good evening —

I had a long weekend entertaining some guests from NYC and happened to chance upon a rare comment inside my last blogs’ comments section. The comments have become increasingly rare for a  number of reasons. If you go back into the archives of many years ago you’ll see hundreds of comments per post because that was prior to Stocklabs or Exodus where paid customers talk shit all day inside the Pelican Room.

Another reason is the readership is much smaller since I don’t push out non-financial news anymore and instead of having other bloggers writing for me — it’s just me. The last reason is X/Twitter — where much of the conversation is happening. In a sense the blogosphere is a relic of another era, pre social media. Back when I started blogging, circa 2002, many people I knew had blogs. If you wanted to express yourself — you started a blog and when you wanted to converse with other people you’d go to other blogs and talk in their comments section. I’d argue that iBankCoin is one of the very few OG blogs left from the pre Twitter era and I’ve really done a terrible job at updating the site — but that’s a conversation for another day.

At any rate, here is the comments from a Mr. “Rigged Game”.

Since I don’t have much going on right now I will dissect this comment and offer a reply.

“Nobody gives a shit about how many basis points you made in your quant or trading account today, last week, or last year using your ludicrous frenetic trading methods which are of ZERO value for your readers.”

I vividly recall this almost identical comments left before — maybe by the same person. Naturally my gains aren’t yours so who the fuck cares how much money I made for the day, week, month, etc.? But you’re wrong on several point here.

1. My Quant and Strategic Accounts do not trade often and can easily be followed by people. My trading account’s trades are also down 30% in 2024, as I am trying to trade less so members can follow me more closely. The quant is allocated once per month and the strategic holdings are at a minimum 1 week to multi months holds.
2. If I do not tell people about my returns, whether they be up or down, no one will really know if my opinions hold weight. I get new readers daily and those people should understand the type of person that they are dealing with — a man who is able to bank extreme amounts of coin in any tape and cannot be stopped by any market environ.

“They come here to read your opinions of the market direction over the medium and long term, and to enjoy your prose.”

This comments tells me “Rigged Game” isn’t hostile and is a fan — but just wants me to SHUT THE FUCK UP and to tell him where stocks are going without me fixating on my performance. Truth is, the best way for a Mr. Rigged Game to access me in that manner is through buying a membership inside Stocklabs. Since I do not advertise for the business, he should know that iBankCoin is a free blog that also advertises for Stocklabs and has done so since 2008. I have always written in this manner and will continue to do so.

“So spare us the tedium of reading about your gains and losses and stick to your market opinion and enjoyable writing.”

Well, thank you for the compliment and the passive aggressive behavior. I always enjoy dissecting human behavior. I can see Rigged Game is an intelligent person by the use of the word “tedium” and lack of grammatical errors. That being said, he should use some deductive reasoning here and take a different tact in reproaching me with content requests.

For example:

“Hey Fly — I appreciate your work — but how about your limit your trading gains and losses reports to just 1 blog per day and have the other 1 or 2 blogs discuss some macros trends and predictions for stocks?”

That I can do.

But, I’d also entreat you to SHUT THE FUCK UP since it’s my blog and I can do whatever the hell I wanted to do here. I might be reporting my gains and losses for posterity, so that my great grandchildren can one day come here and see I made 0.62% on 2/16/24 — something that might be of EXTREME importance to him since he might be a data analyst and statistics is something of great interest to him. OR, perhaps I post my returns to flex on you FUCKED FACES every day so you can get angry and jealous, showing your seething rage in the comments section after the tedium boils over into outright red faced acrimony.

I can always convert iBankCoin into paid blog and greedily extract money from Rigged Game, since he doesn’t seem generous enough to support my work via a Stocklabs membership.

So you know, I will continue to irritate you Mr. Rigged Game and invite you to continue reading me nonetheless. Thank you for your patronage you cocksucking son of a bitch.

I closed the session at the highs, +62bps — topping off yet another week of success, gaining more than 3.5% — pushing my gains for 2024 to 9.1%. Whilst you pretend to be good art trading, I am actually great. It’s important to know thyself and do not fool oneself into tasks that are above your mental acuity.

I delegate things all the time and only partake, if you will, in tasks that I an exceedingly good at — which covers a great numbers of areas as I am an authentic polymath.

It should be noted — $SMCI is now the $IWM — constituting the direction of the index to such a degree that it is beholden to the stock for its performance. Today’s pin action in $SMCI was a classic blow off top. We now EAGERLY await a waterfall of sellers, as Johnny Come Latelies get flummoxed and trapped inside the Brazen Bull and summarily executed for wanton greed.

Lists have been made and all will pay dearly.

I closed for the weekend with a pastiche of LOW BETA stocks, hedged with 12% weighing in $TZA and $SQQQ — 47% cash. I do not know what else to tell you, a person such as myself accelerating into turmoil — seeing it all — whilst you blindly get bogged down heavily with losses due to beta cuck trading habits.

Do yourselves a favour — buy yourselves a membership to Stocklabs and BEHOLD the glory of “The Fly” trading in real time and providing his people with an abundance of fish, nourishing the people with provisions that will last a lifetime, if not more.

Good day

I was supposed to be up 2% this morning but only booked gains of 44bps when I took my trading account to 100% cash. The pin action is dreadful and BofA is out talking greasy — saying the Mag7 stocks are reminiscent of bubbles in the past.

How dare they!

$SMCI broke through $1000 and now is plunging lower in classic blow off top formation.

I get you want to have fun without consequences because you’re gay. But the world doesn’t work that way and very soon people will begin to wonder why the US10yr is +7bps and try to imagine a housing market this spring with rates cresting about 8%.

It’s going to be over.

I’m not shorting into any decline this morning — just watching — content with my gains for the week and the year. I am hedged a little in my longer term account and might add to those hedges, providing my grim outlook and feeeeeelings follow through with action.

After the close, $TTD shattered estimates, providing me with another +125bps in gains on top of the regular session gain of +206bps.

(pregnant pause)

I am a blunt instrument of financial success — an engine, if you will, that never ceases and increases in both power and accuracy. My limitations are bound by only access to capital — a familiar story sung by many birds of the centuries.

“This Fly guy must be full of shit” some of you most likely ponder, as I would the same in your position — destitute and bedraggled — both fat and bald, slow — very sad.

We all have a story, goals and aspirations rooted by our genetic make up and the world shaped around us — none as interesting as mine. BEHOLD a man who never lost and will never lose in the stock exchange — who spends his idle time sowing discord and partaking in an abundance of menial tasks desginated for him via a certain and estimable Mrs. Fly.

Ladies and Gentlemen —

I stand before you once again, imperial, at recourd highs — +979bps for the year — filled with angst and rage — steaming straight ahead in a car without brakes or desire to ever slow the rapididty of my pace.

See you catamites tomorrow.

audio version of blog

Oh you think it’s bad for $SMCI to go from $300 to $1,000 in a few weeks based off an earnings beat and prospects for the futures or $NVDA surpassing Google and Amazon as America’s 3rd most valuable company? That’s because you’re a racist and a nazi. Don’t question all of the put sellers and gamma squeezes taking place in the market, lest Business Insider might run an article about you and publish your name and address for the world to see. It’s simply transphobic and sexist of you to not like stocks up here and the suggestion that America’s $34 trillion in debt is a hindrance to future generations is, quite honestly, xenophobic.

We have aggressive lesbians operating the market now, with feminine energy times 1,000. Nothing is as it seems. Germany, the UK and Japan are all in recessions now, yet no one cares.

Listen to me —

If you were to only live your lives predicated by what is just and moral — you will end up dying a lonely and sad life. The great turn or revolt isn’t going to occur in our lifetimes. We are trapped in this power structure for several more decades to go, if not more — because no one is crazy enough to engage with industrial war against America.

The leaders have converted the nationalistic Americana into an economic zone which comprises of bringing in as many people as possible in order to drive down wages, increase consumption, and the pool of available men for a future war against China. The patriotic fervor you once possessed is toxic to the occupying force because they’re globalists, like locusts moving around in packs taking all nutrients and things of worth from the land they cross over. They’d gladly sell you out for China — but China is nationalistic and doesn’t want to commingle their Chinese society with Africans or Middle Easterners — who only migrate abroad due to the wars in their region.

I am digressing.

I am back in the tape, 35% cash, +185bps — STEAMING headlong into the parade fixed with rainbow outergarments, singing the Black National Anthem.

SIRS —

I eagerly report to you that on this morning I’ve concluded my transactions at the stock exchange and have liquidated all of my trading positions, save $ACHR, for a net profit of 1.5%. Whilst missing yesterday’s rally was somewhat somber, I’ve managed to make back all of my losses plus an additional 70bps for my troubles.

I shall re-enter the market this afternoon to increase my returns and will let you know exactly how well I did, so that you might live vicariously through my achievements.

Fly

Last year I returned 55% whilst missing out on 90% of the big rallies. It’s quite a feat unto itself — you must admit. Today was more of the same, reminiscent of 2023 with me doing triage into the latter hours of the day in an attempt to reduce losses to manageable levels, which I did.

I lost 80bps for the session — much better than my session lows of -190bps.

I caved into the transgendered bulls and paraded with them, hating every second of my existence throughout the ordeal.

Into tomorrow I am 100% long, which should be interesting, especially when taking into account I was just yesterday calling for the sky to fall.

Last blog I alluded to the fact I was eagerly awaiting COLLAPSE and held onto my shorts. Just after I published that blog, I covered them and markets literally dropped for 2 hours afterwards. I was racked with regret, a little somber, and filled with rage.

Since then, I fancied myself a bull and bought lots stocks — bulked the fuck up on $RUM — and placed my fate in the hands of the stock Gods.

So you know, I speak to you from a position of being DOWN 1.1% on an otherwise fantastic bull-market day. MY quant is +1.5% and my strategic portfolio os +2.8%. Ergo, being down on a rally day like this is disgraceful and the result of a bearish disposition that causes me to NOT BUY DIPS and instead lean into shorts during times of duress.

This risk aversion is the result of being a veteran in the worst market calamities in American history: 1997, 2000, 2008, 2012, 2020, and again in 2022. I think it’s fair to assume that anyone over the age of 40 has PTSD when it comes to trading stocks and although I am chagrined by today’s performance — I will still trounce all of you asshats in 2024 and again in 2025 and again in 2026 and so on and so forth.

Good day.

The morning action is bullish and I was close to covering my shorts and ending my foray into volatility — until I peered a look at bonds and saw they barely budged.

It’s true — all of the cool stocks are up and my olde man stocks and $TZA/$UVIX positions are tanking lower. But maybe I should give the specter of collapse a chance and let the market absorb all of the buyers to hopefully TRAP THEM long and destroy them!

This is probably delusional thinking on my part and my ego might be getting in the way of proper risk analysis. However, I did just buy 3 cool stocks to hedge my hedges and my losses, although regrettable, are still about than 1%.

If not short, I’d be boasting about the $LYFT numbers and how it meant my $UBER thesis to be correct and also telling you about $BTC and $HOOD — two strategic holdings of mine that I favor.

At any rate, I won’t add to TZA/UVIX and I probably won’t chase the devils going up here. Maybe I’ll just wait an hour or two to see if, perhaps, markets might cave in a little here.

Elon Musk has capitulated to the censorship bureau. Joe Biden is the first President in American history to not undergo a cognitive test — mainly because he’s senile and would fail. He’s in charge of the alleged nuclear arsenal.

Israel continues to inflict massive casualties amongst the civilian populace, unabated, and without any force willing to oppose them.

The war in the Ukraine has taken on a perverted element of industrial genocide, guided intently by the US State Dept and their sock puppet Zelensky.

Migration hordes continue to swarm white dominant nations — because their failed states aren’t as comfy. They’ll now create society in Europe and America in a manner that was similar to what they were accustomed to in whatever shithole they migrated from.

The LGBTQ agenda is now the strongest religion in the west — a pillar of sodomy that shall be defended with the blood and the guts of the soon to be extinct straight white male.

MEANWHILE, markets plunged lower today on news that US inflation data, measured by the CPI, was hotter than expected. The entire bull market since November was predicated on the idea that rates will be cut in May and thereafter in order to satiate the devils who finance the construction of vacated commercial real estate projects.

But since unemployment is low and spending in America rampant — we’ve managed to paper over all of the sins and all of the follies up until now. But the rates matter and a 4.3% handle on the 10yr is catastrophic for anyone of modest means attempting to buy a home this spring. The entirely of the bull case was the specter of lower rates, heaving into a slowing economic backdrop.

In the past few months, we’ve enjoyed bearing witness to a sundry of bubbles — inflating up into the sky and floating around aimlessly in cartoon like fashion. It was a wonderful thing to see, shares of $NVDA, $ARM and $SMCI race higher without resistance or even a second thought about what is all meant. It will be hard to take down the bubbles — because so many have been initiated into their religions. Just like the LGBTQ cabal, they believe fun can be enjoyed without consequence and hedonism to be the preferred mode of living — and then you get aids and die and your accounts are at zero.

I see sharp downside follow through tomorrow, with volatility spiking above $20 and the transgender bulls coming to grips with the faint idea that maybe, just maybe, it’s all over and it might be time to seek for cover.

I closed the session +37bps, not tricked or fooled, net short into tomorrow.