SOS, SOS, SOS

Last night in the AHs I was overwhelmed with joy as my doubled sized SOS position sprang and leapt higher, amounting to +22%. I went out last evening a new man, renewed in the spirit of genius. I was going to make bundles of cash and sashay throughout life care free.

Then at 4am I was somewhat beguiled to see SOS barely up. The crypto rally had dissipated a bit and with it SOS. I said to myself “all will be well by the open” so I went to bed with a full heart and mind at ease.

By the open of trade I bore witness to great horrors, as my dreams transmorphed into unmitigated nightmares. The stock had plummeted lower and with it my equanimity. I ended up selling the doubled sized SOS position ironically near the lows, down 16%.

I dragged my feet and cursed the Gods and cried out and begged them to tell me “why curse me? What have art done to thou?”

Immediately after my words rang out into the coldness of the air around me, SOS screamed higher, as if laughing at me and kicking me in the head whilst I writhed in anguish. The stock joyously reached new highs and its loyal shareholder rewarded for their patience, whilst I stood alone cuckholded in the dark hoping it’d go lower.

A bit of a fucked day for me, first down day in what seems like the past decade. I shed 150bps and 333bps in YOLO — but made money in my longer term and quant accounts. I am most interested in my trading, so my overall net worth can fuck right the hell off.

I lost money because I got caught early and I didn’t micro manage the account. Often I will take 20 trades and rip out 2-5% quick gains to make up lost ground. However, success defeated me today, as I stand before you long robed +118% for the year. I am beyond catching pennies in a fountain. I want the BIG FISH and aim to make BIG DICKED returns, now that I have them. While this might seem like a recipe for assured disaster, it probably is. Then again, ask me if I give a fuck.

Life is varying between degrees of boredom and normalcy and the money I make does nothing but sit there and digitize and taunt me with its grandeur. I sit and I wait and then I wait some more.

Ciao.

It’s a proven fact the more information one has the greater the chance at making a better decision. Having said that, I now have over 400 monitors in my home office and continue to buy more each and every day. I’m like the architect up in this bitch, seeing all and knowing all probable outcomes.

We’re suddenly in the midst of a major semiconductor shortage, something that appears to have come out from nowhere. The Chinese trade war to blame or the fucking BOOMING economy? No one knows — other than the fact that it looms and stands to break in half the already beguiled auto industry.

Also, alpha is being fucked today, as the gamma squeeze retards face a horrible death. As a point of fact, big cap is up while the pennies, all of the hot stocks, are mostly lower en masse. It truly is a massacre out there for cannabis retards and let me remind you to avoid catching fast moving knives to the downside.

I have remained flexible and have minimal losses of less than 1% in my trading, and I am up in both my quant and long term dollar cost accounts. My YOLO overnight account, however, thrashed lower by 3.5%, as I endure the pangs of the great unwind.

For some of you new traders out there, never hold onto your down stocks, for they do not love you and never will and will take all of you money without ever even granting you children. Take your hits and move on.

Utilizing my new We Bull account I am able to trade as early as 4am. I house my YOLO overnight account there and have been utilizing it to sell fast and early on overnight trades. At 4am all pot stocks were up massively. I had ZYNE and HUGE both up 20%+ and bore witness to a hard fade by the time the faggots as Schwab got around to selling the stock at 8am.

I can tell you the volume is thin, but if you have an extreme runner, having the advantage to sell whilst everyone else is sleeping like a pussy is definitely worth your trouble.

If of course you value sleep over money, then go ahead and lose money in pot stocks at 8am.

My trading is up 200bps, YOLO off by 1%. I had to close out inverse ETFs this morning and pretty much sell everything in order to buy new stuff. I’ve been doing this for a while and I like the idea of renewal every single day.

Booked +450bps in gains, an absurd 800bps in my YOLO overnight account. I eagerly await drawdowns.

I did close with roughly 40% cash, so I’ll have some ammunition to fire upon the market should it shit the bed tomorrow morning. We’re looking down the barrel of record stimulus — a COVID lockdown that seems to do nothing but annoy people and bankrupt small businesses in exchange for making larger ones larger.

The theorists will say it’s all part of the plan. At this point, what difference does it make?

Earlier this morning it appeared to be over and now it’s not. Momo stocks led by cannabis is squeezing higher. Stocks like TLRY and GME are in play again and all appears to be well. I am still FESTOONED with inverse ETFs as a sacrifice to the Gods to forgive me for my transgressions. My overnight account, which is very small, was +17% yesterday is up another 6.5% today.

My trading account, which is large, is up 3.9%, thanks in large part to this morning’s winners. My current positions are not doing much and I am inclined to trim my losers before 3pm. We all eagerly await action so that things might get exciting again and I am willing to lose 10% in a day for my beliefs. Nevertheless, we race forward trading space stocks and 3-D printers because the future is a concept worth believing it.

What started off as a mean reversal has proven to be a timid drawdown that is being bought. Into the close I will sell all losers and load up on some volume breakouts for 4am action.

Everything is crashing into dust. Rookie traders stabbed into their stomachs and their lungs ripped straight out from their spines. Markets have indeed topped today, perfectly.

I’ve been trading since 4am, sold 14 stocks all up, some gains exceeding 35%. I was 100% cash by 9:45 before I started to dive back into momo stocks. And the collapse happened. I ended up selling it all, preserving gains of +310bps for the session. I had been up more than 6% at the highs, but markets have ruined an otherwise perfect day. I’m now festooned with inverse ETFs now calling for the sky to fall.

Naturally I am 0 for my last 100 in timing inverse ETF buys so this is likely a good time to start buying. But it pleases me to say “it’s over” because deep down we all want it to end.

Nevertheless, I have cash of 85% and will likely be chasing stocks higher later on today.

I cast over 100 trades today, to and fro, ebbing and weaving — attempting my hand at extreme greatness. Hank Aaron was good at hitting homeruns and making pitchers look stupid. The Fly is good at banking coin in stocks and making all of his enemies look like cuckholds.

‘Tis my curse, here to make everyone else happy, providing households with splendor in exchange for gratitude. Nevertheless, happiness is a fleeting concept and overrated. I work to achieve arbitrary goals in an arbitrary setting in order to validate my existence via nonsensical benchmarks.

A few working theories.

Massive “wealth effect” causing risk assets to surge. The wealth effect occurs when stocks are way up and degenerates peruse markets for greater gains.

Fed and government stimulus which has increased the money supply causing excess risk taking. This is classic inflations and we’re seeing it in RT in the markets.

Low rates. With rates this low, it pays to borrow to speculate.

The ancillary beneficiaries of the soaring market, presently valued at near $60 trillion, is the surge in cryptos and other non-traditional assets like art and other collectibles. The knee-jerk reaction is to fade this idea — because manias come and they go and they always go a lot faster from whence they came. But what is thew catalyst in the near term? We have a government on the cup of doling out another $1.9t and the ball is quickly rolling downhill.

At the end of it all is the notion of confidence. There is hubris embedded in this tape — extreme confidence. You cannot will it away. In order to break this spell, you’d need some significant damage to important momentum sectors.

My advice: keep going until it stops working.

Listen to me. I have ascended to new levels of winship whereby I forgo bothering myself with pedestrian returns in exchange for the grandiose. I have numerous irons in the fire now and have been trading since 4am. I am presently soaring +570bps thanks to larger than life gains in KIQ +45%, DNN +14% and a pastiche of day trades that is frankly making my head spin.

GMBL +10.2%, BSQR +19.7%, EAST +15.2%, USWS +14.3%, GSAT +10.5%, KTRA +6.4%, BTBT +10.7%, SNDL +10% and lastly ANY +11.3%.

I could of course head back into the market now with the materials I have and make $15,000. Can you? Can you?

Playing a bull market is easy. We’re all millionaires and geniuses. We delve into shit stocks and come out smelling like roses. But can you complete on a level such as I am on? I severely doubt it.

Markets look to want to fade a little here. I am not going to predict a pullback again — because why bother? But I am 50% cash.