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
20,956 Blog Posts

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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INSURRECTION

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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NO POLITICS

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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FUCK YOURSELF

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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MONSTROUS GAINS TO START 2021

I was up nearly 5% for the day, trading to and fro — making all sort of coin in the very first day of trade. I understand this type of dialogue is redundant for readers of this fucking site — but I don’t give a shit. What I do care about is accolades, plenty of it. I endeavor to not only make coin — but also get credit from leery eyed strangers on the internets. While my wife is keen on making sure my ego is checked and surpassed at House Fly, all of that nonsense runs away down the drain when I am here. Ergo, and this goes without saying, apply accolades at your earliest discretion.

My only conviction hold into tomorrow is gold. I am hoping cryptos pull in — because idiot money is chasing now. And I am not too sure about the overall market. My hopes and dreams are constantly dashed against the rocks of prosperity, so I will not bore you any more with tales of tumult and market calamity.

In the interim, psychopaths run the govt and the pandemic is worse than ever. People are getting blown the fuck out of their careers and the dichotomy between those with and without coin has never been at a wider chasm than now. Although empathetic, I simply don’t give a fuck and can only help those who can help themselves. This is a hard world and it’s filled with a bunch of John Podestas. I have no patience to coddle or to offer my sympathies, only ideas that can possibly/maybe make your pathetic lives a little better.

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IMPERVIOUS TO MARKET DRAWDOWNS

I booked the JNUG trade for +14.5%. Before that I booked 3 day trades for gains ranging from 5-11%. The details of my winship are somewhat moot at this point. As you fight and claw to stay in the black, Le Fly stands before you long cocked, +350bps. I know, go fuck myself — but you first.

Markets are knifing lower and I truly hope we can see the flames grow from embers and the entire cast of Fintwit clowns lit aflame. Sadly I do not think we’re at that part of the story yet. Feel free to buy dips, act yourselves and pretend to be intelligent. Le Fly will simply draw out the time with conversation and high quality espresso beverages — knowing full well that when the times comes — there isn’t a soul on this planet more mentally prepared to dive into the pits of fire with fire retardant gear, prepared to “do battle.”

I purchased the new Quant for Jan and I am more or less fully long, save for the 50% cash reserves I have right now.

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OFF TO A GOOD START

I stepped into 2021 already a Champion amongst Champions. Having larger than dicked gains for 2020, I knew it’d be hard to match such a display of grandiosity. However tall that order might be, I endeavor to pour myself a large glass of winship and drink it up every single day of 2020. I will not lose, not even on a single day, as I weave and bob through the tumults of crony capitalism.

Today I was mostly cash into the session — but heavily positioned into gold and crypto derivative plays. I sold EQOS for +12% and CAN for +15.5%. I am still holding my gold — for reasons you can find here.

Yes indeud — fuck that dollar and euros too. We will make a new world built around SHITCOINS and fucking dog based currencies.

I am about to head back into the forest to hunt for some fish. I see the NASDAQ is -192 and the lot of you are 100% fucked. I, on the other hand, am +300bps. See pal, that’s the type of person that I am — blasting Phillip Glass in the home study — banking coin, much to Mrs. Fly’s deepest chagrin.

I am about to format the Quant for Jan. It was liquidated this morning and did quite well for December, +11%. Presently, I only hope and dream for the market to fuck itself. But if it doesn’t gold is the only trades worth looking at now.

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