iBankCoin
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
21,387 Blog Posts

SUMMER FINALE; RISK IS ON

I traversed Boston today and ate its shitty food again, went over to the very charming little Italy in northern Boston and was subjected to SUB-PAR fare. The last time I was here in 2012 the city was brighter an d cleaner. Today the city is still nicer and cleaner than NYC — but also festooned with vagrants and walking zombies on meth.

Alas the city life — more suitable for NPCs and morons who enjoy being packed in tightly like sardines in a can filled with olive oil.

Tomorrow we move in my daughter to her college and then I am to do God knows what till Saturday. One of the wantonly negative effects of this trip is the fact my sister and her son came up, which is nice and great — if only for the inconvenient fact that Mrs Fly and her are now fighting and I have no interest whatsoever in playing peacemaker.

As for the market — RICH WITH RIBALD styled gains. Ever since I’ve come to Boston I’ve been banking coin like a drug dealer in the CIA. I made 3% again today — pressing my MTD gains to 3.55%, which is very nice (MOLTO BENE) especially since I was just down 2% last week. Overall, I am quite pleased with the reflation of CHINA CENTRIC plays and some NFT related stocks — all trades and ideas shared in real time only inside the Stocklabs trading room, which is filled with wholesome men who partake in great acts of capitalism who also promote FAMILY VALUES and never use fouled language and/or partake in vagrancies.

Tomorrow I’ll cash up in the morning and then I’m out for the day with my daughter, with little opportune to trading the session, only perhaps from my phone.

Ciao.

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Thesis Trade Forming

I’m long YOU in decent size due to their ability to make vaccine passports, which as you know is now accepted and requested by a large portion of the slave-cattle. I’m also long RIGL, small size, thanks to their development in a blood clot drug, which can be given to slave-cattle after their 5th booster shots.

I was all in long today into a decent meltup and cashed out for +210bps, placing me back into the green for August, +260bps.

I went long some China centric names here but am 70% cash, with a side eye on more China stocks and perhaps other reflationary plays. The enthusiasm is, which is wrong, the vaccine approval will now stop COVID. Show me the evidence of this happening anywhere on the planet. Israel? Iceland? Maine?

I don’t want to be blackpilled, so I’ll try not to overthink it and take it day by day — but the Fall and winter flu season can be something of a fuckery this year.

In the interim, I’ll be trading and trading well. Reminder: we are granting free access to Stocklabs pro tools this week for basic users. I’ll probably not do this again for a long time.

I’m in Boston now and busy with daughter heading to college. I won’t be trading or blogging today, so wish me luck and I’ll see you tonight.

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PFIZER GOT FDA APPROVAL; VAX UP BROS

Now that the FDA rushed approval for the COVID vaccine, several years ahead of schedule and without hard data in regards to the dangers of the vaccine for the small amount of people afflicted by it — you should have no excuse but to VAXX up and in 3 months — BOOST UP.

Reason being (I am dead serious)

You spent your whole life self-aggrandizing — inebriating yourselves with CRAFT BEER, gouging your chubby round faces with buttered pretzels and biscuits, and FINE DINING on greasy porked chops and platters of fried foods and milked shakes and gigantic bars of sugary chocolate and FINE WINES and also bourbons and then some FRENCH PASTRIES and for breakfast large bagels covered in CREAMED CHEESE followed by doubled decker pastrami sandwiches and artisanal tacos, followed by 13 hours of binge watching Netflix and also some leisure time by the beach to TAKE IN SOME SUN while sipping on a PINA COLADA and several servings of funnel cake with pepperoni pizza — because you’re a foodie, and then a little CAFE MOCHA for dessert to go with some NYC styled cheesed cake.

You get the picture you fat piece of shit?

You know what the model of beauty is and you opted, by choice, to do the exactly opposite with your temple or your body for the majority of your adult life and now find yourself in the inexorable position of ROOTING FOR people under the age of 15 to take a vaccine they don’t need because selfishly you want to drink MOAR ROOTED BEER and scarf down some COTTONED CANDY whilst stuffing your mouth with some KETTLED CORN, while at the same time avoid getting the mean variant of the cold that specifically goes out of its way to kill people just like you.

Median age of death for COVID is 78.5, upwards of 70% obese; these are the hallmarks of failure, not on a professional level or academic — but a spiritual one due to lack of discipline and inability to withstand the allure of hedonism and decadence.

So definitely get the vaccine and keep wearing your mask —- for COVID-19 is out and wild, looking for people just like you to cull from the pack and trim down the herd of excess baggage, those perhaps only interested in a little HAM N CHEEZE after dark followed by a large brimming mug of HOT CHOCOLATE topped with whipped cream and MARSHAMALLOWS.

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Markets Poised to Go Either Up or Down

Before I forget, I have a gift for the plebs this morning. Since I will be out all week and trading/blogging light, as I am dropping my daughter off for school in Boston, I am going to grant access to Stocklabs pro features for the next 5 days. It doesn’t mean that you homeless fucks without a subscription can access anything. But it does let all of the lower status plebs have access to a much more robust suite of tools, courtesy of the good folks at iBankCoin.

Markets look good for a rampage early going; but I am jaded enough to not buy into the pre-market fantasies. I will, however, admit the spikes in WTI, Copper, and Cryptos are encouraging. Let this be a stern lesson to all of you SHITHEAD Peter Schiff parroting ass-clowns. Do you see the crypto market? Straight fire, you son of a bitch. Just last month that cock-sucker Schiff was mean tweeting about how BTC was going to zero — now what? Secondary cryptos are up 100%+ in a month and BTC-ETH and in striking distance of RECORD HIGHS. Always buy dips — ALWAYS buy dips.

As for the stock exchange — I’d love to share the same enthusiasm I have for cryptos for stocks. Simply stated, things aren’t that virgin in stocks and we’re getting tired, old, and slovenly up at these levels. With America on the ropes overseas and the COVID variants fucking with everyone’s head and vaccine mandates SQUEEZING small businesses, I do not view this market as something of a marvel at such high levels. By Fall, based upon current numbers, we are 100% fucked by COVID. While you might not believe in the efficacy of the vaccine, do not for a second believe COVID isn’t real, or go out of your way, like a moron, to get it. There is some fucked up shit happening with the variants and I am looking forward to some new therapeutic drugs coming out soon to assist.

Naturally I am not a doctor; I only play one online. But I do know this much: lose weight you fat fucks and start mega dosing on vitamins C,D and Zinc and quit being such a pussy. There are innumerable ways you can avoid getting sick; but if you do get sick, even for you vaccinated freaks, you’re gonna want to be thin and in shape to fight off any virus. I need all of you to be healthy, in order to subscribe to Stocklabs and buy my books and merch.

Hey, college in Boston is a fuckload of money and girl Fly doesn’t have a job, so guess who’s paying?

Early going, I am +60bps, thanks to gains in MARA. I will be going to cash before I hop on the plane.

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Reminder: Use the StockLabs Advanced Algorithm Data

One of the big and time consuming upgrades to Stocklabs over Exodus we achieved was to create a whole new suite of algorithmic based tools — designed to rank stocks by respective time frames.

I’ll go over a brief exercise to show you the difference.

Here is our top rated stocks by tech score — which is very intra-day sensitive, taking into account the day prior. You would use this for day trades or swing trades.

And now here are a series of SAA scores more designed for longer term holding periods — crafting algorithmic scores over respective time frames.

1 week

2 weeks

1 month

3 months

6 months

YTD

1 year

If curious/new, yes we also rank by fundamentals in order to read balance sheets without having to actually read balance sheets.

How would one use the SAA score?

I use the SAA 1m to invest in my Quant every month, using some fundamental filters and the algo to pick stocks. YTD return is +21%, outpacing all indices.

If you’re longer term and only rebalance every 6 months or a year, you could attack the SAA 6m or 1yr to your portfolio and perhaps cull the stocks that possess the lowest algo scores and replace them with stronger ones — which is basically the premise of the Quant but on a shorter time frame.

We have a Youtube channel up that goes over all of the features and if you have any questions you can always fuck off or email me at [email protected]

Ciao

NOTE: IBC’s FALL MERCH DROPPED. 15% off coupon code for all those wishing to be stylish: INDEUD

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FUCKED MYSELF — CURSED TO HELL BY THE GODS — GOODBYE

I was having a good day — but could not see the market for shit. I saw breadth at 80%+ all day and small caps +2.3% and I didn’t see where the trends lied. They were lying all right and I soon fell victim to a most heinous and unfortunate drawdown.

I am up just 15bps for the session now, more or less a complete and utter embarrassment. There are people out there, unnamed gents, who spend their days drinking by the pool — trading in and out of 33 cent stocks like space alien magicians. They do it clean and never lose. They go mow the lawn +10% for the session, while I am here at the hot PC burning my eyeballs out of my head up 20bps. GO FUCK YOURSELF.

I had been +41bps, like a piece of shit, until I was SURPISE RAPED by DASH. Apparently they canceled their ALL IMPORTANT DEAL with GORRILAZ — whatever the FUCK that is. How the fuck did the stock crash on that news is beyond my pay grade. To make matters much much worse, and this of course is hilarious, as soon as I sold it — it came back and is now higher than where I bought it. It seems, after about 10 mins or so, the ALL IMPORT acquisition of GORILLAZ is not that big a deal. I shed 3.5% on that motherfucker.

Instead of blogging into the close, I should be “working hard” and trading — because MUH WEEKEND and MUH NEED TO GET POSITIONED FOR THE MONDAY OPEN. How about I get a real job instead of trading like a moron all day? What sort of existence have I crafted for myself?

I’ve come to realize, after many many years in the business — I DID IT ALL WRONG. But that’s ok — we push on — back against the current and all that jazz.

I am leaving on Monday and placing my heart in Boston, as my beloved daughter leaves for college. She is the best of me and I wish her well. Although sad to see her go, it sure does beat being in the house all day and I hope she can begin her newest chapter of her life successfully and it brings her joy.

As for me and my fucking trading, I will be doing a little of this and a little of that next week — as the city of massholes bleeds me dry and the COVID restrictions drives me up a fucking wall insane.

Other than that — doing well. Lots of big updates in Stocklabs coming soon. If my misery is of any indicator to you who have been reading me for a long time, I am on level 100000 misery, so my trading is likely to pick up sharply soon enough.

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Bounce Day: Booked the W’s — Cowering in Fear

Good morning fuckers

So we all got lucky and now enjoy a small respite from having our guts torn out and festooned all over our trading terminals. I’m too old and cynical to jump in with both feet here. In the morning, immediately after the open, I sold all of my positions (75% long) and went to cash. Since then, I’ve been listening to WQXR classical and eating some smoked salmon on toast, garnished with scallions and lime. I understand why one might want to dive in head first into this wonderful tape, but I do not have the eternal fortitude for it, especially on a Friday, especially on a Friday when I am departing for Boston on Monday.

I re-entered the market long LTHM, ARRY, FSLY and CF — small 5% weightings and hold about 80% cash. I see lots of stuff popping, especially Chinese and crypto related — but I will not, I shall not, get sucked back in.

I’m up 71bps for the day, not exactly something to advertise on social media — declaring myself to be some sort of Market Wizard or sage. I do not imagine, dare I say, people will be begging from an interview for me to tell them how I achieved said returns. I don’t care what the market is doing and I am not going to be sucked back into it.

After all, who knows what awaits me around the bend? Perhaps some sort of odious sell off, tantamount to a crash, might bargain with me and decrease the years I have left on this God forsaken piece of clay.

What I might do, however, in an effort to meet myself halfway, is add 1 or 2 MOAR positions and then simply keep a steady 70% cash, trading to and fro like a school girl running in the countryside with the wind in her face amidst the lilies and the daisies.

When I awaken, I am almost certain to be back in Middled Earth with the Orcs, planning for the final invasion to wipe out humanity, starting with the fucking stock exchange.

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Horribly Rancid Tape — The Gods Must Assist Me in the Coming Days

I veered off the reservation to the tune of -1.2%. It wasn’t a catastrophic day and my MTD losses are just 2%, an easy number to fix. But I am stuck and I cannot escape and I am mad that I keep running on this hamster wheel to nowhere. Sure, I am +200% YTD — but I haven’t done any big numbers in months. I suppose the fact I am not blowing up is always a consolation — but go fuck yourself.

“The Fly” is only interested in winning, all the time, and when he’s not; well, things get dicey. I do not like to see others doing well. I am not jealous over your gains — but I hate you for them. Things of course do have a way of working out for me. The process is sometimes torturous and I’ve had innumerable and severe set backs over the course of my trading career (book plug) — but I guess this is my crucible — the pangs of doing something you love and having to endure periods of mediocrity.

I closed the session 25% cash, headlong into a Friday that is sure to be interesting. I will also be departing for Boston on Monday for a week, overseeing my daughter off to college.

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SMALL CAPS HAMMERED INTO DUST

We are swimming lower again. There is a palpable fear now and the sole respite in mega cap tech is on edge here. It’s the only thing keeping the market from dropping in a big way. I bet, incorrectly, for a mid-afternoon melt up and got long a pastiche of big cap tech and now find my losses DOUBLED for the session — 0ff by 1.6%.

I am tempted to sell everything and maybe scalp one of two trades to reduce losses to 1% for the day, which might be my best option. Being fully invested into fucking meltdown makes me want to put my head into an industrial powered fan.

I have nothing but hope and faith now, as I am subject to Mother Market and all of the Gods who control the prices on my screen.

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EVERYTHING IS ROT

Chinese stocks are all going to zero. WTI is down 4% en route to negative pricing. Cryptos have topped. US 10yr yields are going to zero. The market as we know it, fat, slow and greasy, is finished.

I thought I was a smart man — but in the end I was an idiot — long BEKE into the fires of China and now I’ve doubled down in my BEKE in order to save myself from damnation. I was having some fun at the open, trading the recovery, but now that is over and now my losses are near session lows — OFF BY 85bps.

I wish I could offer you, the unwashed pleb fuck reader, small gems of wisdom and mustard seeds to be viewed and possibly enjoyed. But none of that is here. The market are gay men clad in Burqas and the bears are the Taliban shooting us with AK-47s.

Naturally, I will attempt to do something to save myself. I always do. The tera caps of corrupt American shit filled C suites is doing fine — only down 28bps. And the risk averse portion of the economy is TUTTO BENE. With yields dropping to zero, you’d be very wise to own some.

But this is no life for a trader, having to bear witness to UUP and TLT being the best performers over the past 3 months. This market makes me sick and I am tired of not making 10% per day, like in the olden days, and I crave for a semblance of normality and familiarity, but this is foreign and doesn’t really connect to me soul — if there is such a thing.

53% cash, gonna put some to work in another attempt at redemption.

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