GET DRUNK; BUY STOCKS

Long story short, I performed great acts of miracles today inside Exodus — up a staggering 10% via 5% positions in a slew of NFT related cryptos stocks. The whole thing is comical — but I am HOLDING FIRM into the night and hopefully will sell them at 4am 100% higher.

I closed out 10 trades for double digits gains, ranging from +10% to +20%. In my YOLO, I have gains of 60% in OCG. I stand before you, on this holy day of beer, a very successful man with a stout brokerage account.

I now depart you for bottles of beer and whiskey, an array of bland foods, all boiled for me since morning. I wish you all the best; but just know that you’ll never be as good as The Fly.

It took all but a few hours for Mother Market to lure me back into shit stocks, thanks in large part to my keen interest in NFTs. See, unlike you, I built a watch list of NFT related stocks a few days ago and was ready and waiting for them to pop off.

BAM — they fucking exploded to the upside.

I made a shit-fuck of money, +20% here, +50% there, in names from OCG to LEAF to ZKIN. Lots of Chinese names with an acute interest in becoming DIGITAL ART vendors, selling their wares on the COCKCHAIN.

I am here for the glory, cover my shorts at +2% and went into the deep and then went deeper, into the shit, presently +450bps for the session.

Commodity related stocks, and chems, have caught a bid today, while Bubble Stocks get their fucking brains smashed in. I am still going with the 2014 narrative when Bubble stocks got cut in half, all the while everything else went on, business as usual. That’s the funniest thing about investing, no one gives a shit about your losses.

Listen to me.

You were positioned wrong. Take your losses like a fucking man and move on. If you would not buy the stocks in your portfolio right now, sell them. Your losses mean nothing to the market and your cost basis importance is the least important thing in the world, you dumb child.

I got lucky, rolled into today 3x short via TZA and that’s it — all cash. Since then, I delved into some commodity related names, higher quality cloth, in an effort to press my rights upon this market. However, I cannot see myself delving, mind you, back into Bubble stocks today. Yesterday was an utter nightmare for me and it haunted me the entire day. To think, I am up 175% for the year, yet felt no happiness about it at all, only the gloom persisted from yesterday’s 4% mauling.

The cause for all of this discord is the 10yr, now yielding 1.66%. Yields are rising everywhere, due to inflation. Ergo, inflation sensitive stocks seeeeeeem smart now. But who knows? Truthfully, I could be back to buying SHITSTOCKS today, given the right move here.

As an aside, my current favorite SHITCOIN, MANA, was blessed by Grayscale today, who said they would create a trust for the crypto currency. Very massive news for the burgeoning virtual world.

I was busy throughout the session and entirely unable to make any money. I closed at SESSION LOWS, off by 4%. This situation caused me to PANIC SELL and go short. So, I stand before you 85% cash, 15% retard, long TZA. As sure as I am sitting here tomorrow, markets will flay me alive for these sins.

I had traded well today, but the bulk of my downward spiraling positions was too great to manifest any real comeback. In hindsight, I should’ve sold everything early and traded 3 positions at a time afterwards for scalps.

Big picture, I am down less than 1% for the week, so it’s not really DISASTER, although it certainly feels like it because I now enter another trading day feeling, shall I say, exposed.

Insidious. This is precisely what happened to me in 2014, hammered to dust in SAAS stocks while the NASDAQ printed green candles. I wanted to commit arson. Markets are up, but the high beta trading names are hammered into dust. The fades are real and if history is of any use at all, this will be an unrelenting torment for people holding long term.

Pre-market I was enjoying the tape, up a genteel 35bps. But it didn’t feel right with the NASDAQ futs +75 and I quickly learned what that was all about — presently in the sewers off by 330bps. I chased the rats at the open and now find myself underground with a flashlight running low on batteries. Perhaps the Gods will save me and offer me a sign. Or, perhaps I am due for a sharp comeuppance. Either way, I am in it now, 85% long fucked stocks.

In my other accounts, I am enjoying gentlemanly gains of 90bps, in line, or perhaps more, than the general indices.

What I will have to do, sometime today, is cleave the names that are causing me grief and cash up. Once in the hole like this, anymore more than 3%, one flirts with presiding over a disastrous day if trading in and out, attempting to market time. I’ve found it’s best to stem the losses and try the next day, otherwise, mentally, you’ll be fucked the whole day and night and begin to think emotionally, instead of the preferred coldness that is the disposition for all truly great traders.

All of the hype surrounding NFTs is already being captured by the scammers who run around with their bottle hoping to get some lightening. Today ZKIN, OCG and TKAT were the hype. Tomorrow — who knows? I went long ZKIN, only because I know how people think. This is a new craze, so they will gun these fucking stocks to the moon. On a operate note, I am back into MANA, after selling it for a 150% win — as part of my NFT token extravaganza.

Needless to say, you will find most of these names coming out from China, or very small capped stocks in the states. Nothing to say, other than “get long” and prepare for another leg up.

France, Italy and Ireland have paused their AZN vaccine due to a RARE BRAIN BLOOD CLOT thing that seems to be fucking people without explanation. They say it’s extremely rare and most people won’t have anything to fear. ‘Tis the point of vaccines. Some of you, sadly, will perish in the fires — most will live on and get to enjoy this brave new world for decades more. My interest in the vaccine is exactly zero. It could’ve went either way, since I couldn’t give two fucks if the thing kills me or not. I don’t know why so many of you are keen on living so long.

I’m just not into the whole “do it for the grander society” aspect, save a 90 year old. Fuck the 90 years olds and also fuck the fat fucks who keep stuffing their faces with cheesed burgers. You actually deserve death, so don’t come here with your treble chins, telling me to inject nonsense into my bloodstream. I am not a vaxxer. Let’s be clear about that. I just don’t give a fuck.

Moving on, cryptos have collapsed. All of the CoinFAGS were elated at $62k, counting their money, and now they’re not. Totally fucked. At the same time stocks are jimmying higher. There is not a discernible explanation other than more buyers than sellers. I have done dick since the open — still up by 250bps, effectively spinning my wheels in the process.

I’ve been trading since 4am. I am experimenting with my fills and if it’s really worth it. I can say without a question that it is and it’s only a matter of time before all online firms offer it. I’m up 300bps to start the day and nothing can stop me.

I’d be up a lot more, however, if I hadn’t sold SOS at 4am while up just 7%. Alas, we sacrifice one thing for the next convenience.

Markets as a whole aren’t great, but we are getting decent momentum in all the usual momo stocks. I like lithium, crypto derivatives, and maybe silver. Biotech hand grenades are always on the list and I might delve in one or two alt energy or EV stocks before the day is through.

As long as the 10yr trends lower, we should be ok.

I’ve more than doubled my money since buying MANA about a week ago. I was attracted to it after seeing the NFT craze bubble. I’ve made about 10x in my ETH holdings since last year, so delving into a little MANA wasn’t a concern for me. I take risk every single trading day, far crazier shit than a virtual world.

But then I started to research it and the more I did the more I liked it. I don’t play games, but if I did, I’d love this fucker. The whole virtual world is based off the MANA currency. The exchange rate fluctuates with the crypto markets. You can buy land, build a home, or an estate. You can even lease out part of your land to others who want to advertise and earn MANA, passive income. The value of real estate there is up 4000% since 2018. The cost of goods, for clothes, armor, bullshit, is based in MANA and everything can be resold in the Decentraland marketplace.

You’re hearing a lot about digital art. Well, you can display your digital art in your digital home and invite people to view it there. Or, you, as an artist, can display it in the local museum.

Corporations are buying land there, for obvious reasons. Atari just announced they’d build a casino there. You can gamble inside this virtual world and win or lose MANA. I’m sure this has been done before and I’m sure 95% of you reading are laughing at my naivety. Nonetheless, at just $1b in value, MANA likely has room to go for further upside appreciation. Just think about a Tesla store inside DECENTRALAND and what that might do for the FOMO.

My sole concern with this narrative, aside from cryptos topping, is the rapid appreciation of the DECENTRALAND currency. If MANA keeps soaring, people won’t be able to afford anything in the game and lose interest. It would be a playground for only rich crypto retards, cavorting with one another in virtual champagne parties displaying their new million dollar works of digital art.

I’ve seen this shit many times before and I doubt this time will be different. The rotation will continue until many of you are dead. Fuckers running around buying SPACs and other stocks of low value — PREPARE TO GET BTFO as the rotation infects your equities like a locust eating corn. The rotation will eat your portfolios, then you, and your marriage, kids, cars, house etc. All gone.

I managed to LOSE MONEY today, off by 120bps. I had a feeling this might happen and I am quite dejected by it. However, I did gain 9.2% for the week and I stand before you with YTD gains in the magnitude of +170%. I am quite competitive and know of others with greater gains. Those people I hate and wish them nothing but drawdowns. Nothing too severe, but enough to humble them back into their fag boxes where they might feel a deep sense of somber doom.

Plans for the weekend include tennis and more tennis. My wife has taken liberties to plan a vacation for each month for the remainder of 2021 — because nothing says “hard times” like being dickful with one’s money.

I closed out the day 90% long, a far cry from the austere message of “I WILL ONLY EXPOSE MYSELF BY 30%” earlier. I was such an asshole back then.