As many of you know or have heard recently, I have been in the process of moving back into money management. As I’ve said on many occasions, the industry is in need of guys that have a legitimate skill set at this sport, and while the last 5 years has washed out all the pikers, frauds, and even triggered the departure of some of the best in the business…the opportunity now for the next generation of professionals here is more valuable than I can ever recall.
Mom and pop have given up on stocks. We’ve watched a tidal wave of money leave active management for passive management, specifically in index and ETF products. This suggests that the crowd has dumped the idea of beating the index. I cannot be convinced otherwise that this presents a generational opportunity for stock pickers and for years I have been waiting for the right timing to make this move.
In the last few weeks, I realized that this will require a significant amount of my time – and that I had to reduce my day to day work load. Therefore, I spoke with Fly last week and we’ve decided that I will step down from my blogging role here at iBC.
iBC was the only trading blog I’ve ever read. Started back in 2006 when it was Fly Buys and Rap music. I almost partnered with Fly back in 2008 but opted to start Trading Addicts instead. When we spoke again in 2013, I was thrilled to come on and participate. I opted to shut my blog down in 2008, despite having similar traffic to iBC back in those years. I liked writing about trading and being in front of big moves. I also enjoyed teaching, helping others and developing a core of like minded individuals looking to offer the same value. For many years, I felt I was able to do that here. When the model of blogging stocks and setups had become questionable, I had to hold my ground. I feel that while the cycle of retail interest had reached its lowest levels of interest in my lifetime, that this was the time to build upon a foundation and be in the position to be the go-to spot for the next generation and for years to come. I’m happy to see that come back to this site. It was the core of its value.
Thank you to my readers, first and foremost. I won’t vanish forever. I’ve always been easy to find. For those of you who are interested in investing with me, feel free to email me. I’ve already raised the bulk of what I plan to manage, but I did mention I would give folks a chance to participate if they wanted to. You can email me at [email protected]
For members of After Hours with Option Addict, we will still continue with the service. The model might change a bit, but I will still work with that group. We’re still trying to determine what the last Boot Camp may or may not look like, but I honestly don’t have that decided yet. So please stay tuned for details.
Thanks to my man RC, Raul, Dan and other bloggers of the site. I really enjoyed working with you all.
Big thanks to Fly. I respect nobody in this business, but do respect you and what we’ve accomplished. I appreciate your hospitality, the ups and downs and the friendship. Thanks for offering a corner of your site and for promoting my skill set.
My best to all,
Option Addict
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End of an ERA
The last day.
https://www.youtube.com/watch?v=oYEkzKhFhFM
https://www.youtube.com/watch?v=AS669AzO8bw
You will be missed. Good luck to you!
Thanks all the best to you
I have been following your teachings for years and the more it has clicked in my head the better I have traded. It is like mastering some kind of black belt, katas for position entries, katas for stock picking, katas for analyzing, lots of financial bloody noses but when it clicks, holy shit, its like seeing a new world. I think you teach a system of thinking but people get locked in on individual punches and miss the picture. Glad to hear you are not completely disappearing. The blog trolls and troll indicators are funny but seems like you have much higher priority time investments, good luck and thanks!
Best wishes Jeff, learned alot from you.
Gatorsun, Clearly, spelling wasn’t one of the things you learned from Jeff. Also, self control, missed that lesson too, you old goat.
Class act.
Thanks Jeff, best of luck to you and your endeavors. Please confirm the Chevy Chase moment we had in Vegas, for the sake of posterity, where you lost hundreds in 2 mins to that asshole dealer.
I thought it was like $800. Do you recall my whole demeanor that night? Eyes glazed over, couldn’t hold a thought. It was right after that big-ass JDST win. I was completely paralyzed. I don’t think I even looked at a hand I was dealt, lol.
Yes, it was a lot. Even the next morning you could not focus, thinking about that killer trade. That was sick.
It was hundreds in minutes, while my wife, not knowing how to play, luckily grabbed $300 and I won $700 at roulette.
All the best Jeff you are one of a kind.
Good luck with the fund. A sad day, but happy for you, you will kill it.
Stay in touch my man.
Good luck with everything. It’s been fun.
Hit some $FNMA on your way out for old times.
Best to you, one of a kind and straight up. Hope your daughter recovers well.
Thank you for that.
How do I get in on your fund?
Did a couple of the boot camps and I suspect very few can do what you do. I realized quickly that bringing ones brain to camp (not mentioned anywhere but obvious) was needed. Everyone has to fight for an education and your presentations are deep enough and challenging enough to notify that a lot of effot is needed to apply the work. Get paid for what you know…cheers.
This is how I see it playing out:
1. Initial raise
2. Market gets cut in half
3. Show investors negative downside capture
4. Raise a billion
OA – I’ve learned so much from you. Just wanted to say thanks…… and to tell that dumfuk “bchu” to eat dirt one final time.
It’s been fun, UB. Place hasn’t been the same without ya. Maybe I’ll bump into you elsewhere on the internet.
Congrats, and good luck….. always enjoyed reading your thoughts here.
I’ve learned a lot from you @OA.
Best of luck with your endeavors.
Dang end of an era. Saw this coming though. Bchu killed it!
So sorry to hear. I am not Neutral about that feeling.
Best of luck, God Bless you and your family old friend.
So glad you stopped by. Stay in touch my friend.
In times of market duress/turbulence, LITERALLY calling every market turn down to lower timeframe price action left me speechless. Downright unreal. You can’t be forgotten, you’ll be sorely missed. Best to you and the family
Thank you for all your support.
What a sell out. Using your intelligence to make money instead of the daily groping by the (great) unwashed.
Have not kept up with your geography. Are you coming to LA? If so, let’s have a spot of tea.
Oceanside this week, give me a shout. If not, leave me an open invite for dinner.
Good luck bro! I really enjoyed some of the early years of the blog with all the great banter. I’m sure you’ll have success with your fund as you are a very skilled trader. I know how you like to teach so I would suggest taking along an apprentice. Obviously the name that jumps to mind is BCHU or is it CHUBB no no it’s BCHU12….ahh good times!
Thanks for showing up for the finale Chief.
I’m here if you ever need me, OA.
All kidding aside, best of luck in your new endeavor. Sounds exciting and wish you much success.
Thanks for the master class, OA. I suppose you had to return to the mountain someday. I’ve been following you for a year, and think I’ve gone from a shit trader to just mediocre in that time. Happy trails.
Thanks my man.
The GOAT with one final mic drop. Thanks for all the effort and time you’ve put into helping your readers.. it’s helped me grow personally more than anything or anyone else has. There’s very few opinions out there that are worth the time to read or take in.. yours has proven repeatedly to be worth every second. Best of luck to you and yours. See you in After Hours.
It’s been real, thanks for the collab on so many ideas.
I had been a reader for many months beforehand, but it was the LULU conviction trade that got me hooked on your insightful market analysis and incredible stock picking skills. From the heady days of 2013, with software and China stocks exploding to the upside, to the Trump trade call and back to China this year, it’s been quite a ride. Best of luck in your personal and professional life, OA. It’s been an invaluable learning experience.
Thank you!
Wow. The analysis, the fist pounding, the entertaining exchanges with trolls have awoken a greater understanding of how the market wants to fuck each and every individual, and how we can profit from it’s force. The past two years have been extremely helpful, insightful, and above all else, entertaining.
You sir, are a madman laughing at the rain while everyone pulls out their umbrellas.
I stand, applaud with a proud smile, and while a single tear drifts down my cheek choke up to say-
Thank you.
Thank you for the support along the way.
Oh man, OA. The Snapchat saga was epic. They should make a movie out of it.
It’s been interesting watching your style change over the years as you refined your craft (was an avid lurker on your optionaddicts blog). I’ve been one of the many beneficiaries of your spot on analysis and picks over the years and have learned a ton from the successes and failures. While this particular blog has turned sour, I hope you return to blogging at some point in the future to impart more wisdom for the masses.
Good luck with the fund!
Oh man, reading the post with mixed feelings. Happy for you, though! Let’s watch Danny McBride’s “This is the End” breakfast scene one more time. It was a fun ride.
thank you Jeff.
At least we saw what the power of short interest can do, lol.
yes, yes we did my friend…everything you said was right – loved it!
AFTER OA LEAVES, iBC WILL DIE A QUICK DEATH
all the best. you certainly are the best when it comes to building a narrative and identifying setups, way ahead.
Sorry to see you go. I’ve learned a lot from you that no one else teaches.
I read so few trading blogs…I have no where to go anymore!
I’ll have to think for myself now.
Your only mistake in stepping away now is that we won’t be here to close $DGLD.
How will Phil know? (was it Phil? i think it was Phil.)
Maybe come back for one last guest post?
rip OA
Years and years ago – came to this site mostly to see what Chess had to say and then later – mainly to see what you had to say. Thanks for all the trading ideas and best wishes for the future.
SHORT AOBC, THEY ARE IN A WORLD OF SHIT
what a pussy quitter
Quitting? Fuck you. I’m working harder than I ever have. I’m working for me. No time to fuck with anything else.
I’m moving to a platform that does more for me. I stopped fitting in here years ago when I fucking nailed this market and everyone quit stocks at the most insane prices ever….then everything around me here turned into shit.
Check the traffic dude. I’m better off elsewhere.
COME ON OA, KEEP POSTING, AT LEAST ONCE A WEEK, EVEN IF IT’S JUST ONE PARAGRAPH.
OTHERWISE NOTHING LEFT AT iBC BUT THE TARDS
Once a week would be great. PLEASE!
You should get some counseling. Perhaps there is a shrink that specializes in treating mudslingers who become snowflakes when they reap what they sow.
Go fuck yourself.
Of all the shit that’s gone on here, I’m the one that needs counseling?
You people are unreal.
you’ve been hugely wrong on gold. called for sub 900 4 years ago. way off.
own up quitter
I’ve been saying 950 since 1500. Gold hit 1050.
lol, yeah..waaaaay off.
Remember, your preferred ETF has been down 98% in that same time.
Who’s hugely wrong on Gold? Wasn’t me.
OA –
You have been part of my reading rotation for the last three years. Good luck with the new venture. Never commented but I’m sure I’m sure there are thousands more like myself.
BUY HES UNDER 40, THEN SELL AT 46. THIS TRADE WORKS 100% OF THE TIME.
First buy, look at FRED. Unreal discount. Everyone’s afraid of Amazon.