Utter Fool

Lawyer and Stock Trader 💙💛 ‘05 (Manila, PH) A journal of thoughts and mistakes. The next bull market is always just around the corner.

[Utter Fool @FoolUtter]

Trading lessons:

@SpyfratsCall @bbands - use of BBs

@basso_tom @rjparkerjr09 @thechartist - take all trade signals, controlled position sizes

@SJosephBurns, @Tradeciety - signals based on closed candles

[Utter Fool @FoolUtter]

😜

[The Kobeissi Letter @KobeissiLetter]

BREAKING: S&P 500 futures erase all losses and turn green after President Trump says Israel has "no choice" but to accept an Iran deal.

[Utter Fool @FoolUtter]

Yabang tlga eh 😅

[New York Basketball @NBA_NewYork]

Q: "You're up 2-0…Are you not happy?"

Kobe: "What's there to be happy about?"

Q: "You're up 2-0"

Kobe: "Job's not finished.
Job finished?
I don't think so."

On this weekend in 2009

[Utter Fool @FoolUtter]

🙏

[Compound in Public @compoundinpubli]

My net worth is somewhere around $5 million, and I can't always tell if it's made me free or just well-funded and quietly adrift. No W2 salary coming in. Three kids under four by July. I earned some of this, but the biggest pieces I didn't.

When I was 21, a junior in college, I inherited about $400,000 my grandfather built. I didn't earn a dollar of it. Later I did earn real money, a startup I worked for got acquired, and I had a genuine windfall from the exit, plus years of salary I actually saved. So I'm not going to play the trust-fund kid or the bootstrapper. The truth is messier than either.

I'm a finance major. I love this stuff, genuinely. So I did what finance majors do, I spent a decade certain I could beat the market, selling boring index funds to pick individual stocks instead. For years my account went sideways. For one long stretch it went down, below where I started. I was outsmarting myself in slow motion and calling it conviction.

Then one of the bets worked. Nvidia. I'd bought a tiny position early, back when it was just a barely more than GPUs for gaming computers. I held it through two separate stretches where it dropped enough to erase several hundred thousand on paper. The holding took some nerve. The pick was mostly luck, even if I try to rationalize the narrative i bought into (future in AI, self-driving cars, etc).

That one position is the reason a few hundred grand became a few million. And here's the line I haven't been able to say out loud until now: strip Nvidia out, and my stock-picking would have left me poorer than if I'd done nothing at all. I didn't beat the market. One lottery ticket paid for a decade of being wrong.

So most of what I have came from three things, an inheritance, an exit I was lucky to be part of, and a single stock. Almost none of it from the thing I'm proudest of: the small business I quit my career to build, which is only now hitting its stride. Funny how that works.

So that's where I'm starting from: comfortable, lucky, a little scared, and about to be responsible for three small kids on income from a business that finally works but doesn't yet cover the life around it. Brave or stupid, I genuinely don't know yet.

[Utter Fool @FoolUtter]

Injap time to do a new IPO please 🙏🙏🙏

[InsiderPH @InsiderPHdotcom]

MerryMart approves delisting 6 years after IPO

MerryMart Consumer Corp., the supermarket chain of Edgar "Injap" Sia II, is moving toward a stock market exit after its board approved a planned delisting ahead of a July 7 shareholders’ meeting.

DoubleDragon plans to acquire the company through a tender offer consisting of 50 percent cash and 50 percent DoubleDragon shares as it consolidates the two businesses under one group.

Management says the combination will strengthen synergies between the Injap Group and Jollibee Group while positioning the merged entity for further expansion in the Philippines and overseas.

The retailer debuted on the Philippine Stock Exchange on June 15, 2020 at P1 per share. Its stock last closed at P0.435.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The proposed US-Iran peace deal includes a $300 billion reconstruction fund for Iran, per NYT.

The program is being called an international "investment fund," which the US would facilitate in the final deal.

This comes as Iran demands "reparations" to end the war.

[Pat Really @congtrader]

#NewProfilePic

>will be gay the whole month of june
>will only drink matcha
>will play tickle balls everyday

woosahh

[Mindset for Money @Mindset4Money_X]

Me celebrating my +10% YTD return after missing out on generational wealth in semis and memory:

[Utter Fool @FoolUtter]

Block Shoals amp puro gaya gaya lang tlga penoy

[Cointelegraph @Cointelegraph]

🇵🇭 JUST IN: Binance to enter the Philippines again via a BlockShoals partnership under the SEC’s sandbox framework.

[Utter Fool @FoolUtter]

Bobo mga botante kaya panalo ganyang tae

[NewsWatch Plus PH @newswatchplusph]

‘SAYANG, ANG GANDA PA NAMAN NG DEBATE’

WATCH: Senator Robin Padilla said it was unfortunate that minority senators walked out in the middle of the debate over a motion seeking to allow the remote participation of senators in sessions.

Asked about Senator Erwin Tulfo’s remark that the proposed amendment in Senate rules was being railroaded for the benefit of senators who could end up in jail, Padilla replied: “’Wag naman kayo ganyan magsalita.” | @eimorpsantos

[Utter Fool @FoolUtter]

🤞

[投资学人 Invest Scholar @InvestScholar]

英伟达(NVDA)创始人黄仁勋，陪父母在一家普通小店吃晚餐。黄仁勋多次说过，他今天的成就，首先得益于父亲黄兴泰，将年少的他送到美国读书，接受科学思维训练。很显然，黄仁勋是幸福的，儿女双全，父母尚在。他是全球最重要科技公司的CEO，世界华人首富，但是坐到这张饭桌前，他只是一位孝顺的儿子。

[Utter Fool @FoolUtter]

😂😂😂

[Utter Fool @FoolUtter]

High passing rate is only a recent anomaly (c. 2016?). Ask any old lawyer and any of those who passed the ~20% passing rate exams of the past and no one with sense agrees with the current setup. It’s like mass migration into western countries. We know what the latter is for. The question is, why do our authorities allow it in the bar?

[Utter Fool @FoolUtter]

🥃🥃🥃

[Utter Fool @FoolUtter]

@tplusgg @khaldoggo69 😂😂😂😂😂

[Utter Fool @FoolUtter]

nice one faggot

[NewsWatch Plus PH @newswatchplusph]

CAYETANO'S "POKÉMONIFICATION" OF PH POLITICS

LOOK: Senate President Alan Peter Cayetano on Saturday, May 23, used a Pokémon-inspired analogy to explain the political and economic situation, saying this was how he would explain national issues to the youth.

He said the country has moved from “Mega Dream” and “Perfect Order” to “Ascended Heroes” and “Chaos Rising.”

Cayetano said politics has turned into factional conflict where people side with their allies regardless of who is right or wrong, while warning that chaos is also fueled by forces seeking to preserve the status quo and block reforms.

📸 Alan Peter Cayetano/Facebook

[Utter Fool @FoolUtter]

🥳🥳🥳🥳🥳

[Joseph Morong 🇵🇭 @Joseph_Morong]

EXCLUSIVE: Sen. Rodante Marcoleta charged with plunder, indirect bribery at Ombudsman for P75M campaign donations @gmanews @24orasgms

[Utter Fool @FoolUtter]

😂😂😂

[Kong Kong Kubs x 2 @3benson]

Has the BSP just signaled 63.5 as its next “Maginot Line” — a tacit FX target amid a widening BoP deficit as the savings gap, oil shock, and slowing growth compound the economy’s dollar shortage?
$USDPHP

[Utter Fool @FoolUtter]

People still sound hopeful on $ALI. Maybe the bottom is not yet near. (?)

[Utter Fool @FoolUtter]

😅

[shah @shahh]

AHHHH THE MARKET SCARES ME I'VE GOT PAPER HANDS I'M GONNA SELL I'M GAY AHHHH

[Utter Fool @FoolUtter]

🙏

[Jim Cramer @jimcramer]

Odd retreat in oil seemingly based on nothing...

[Utter Fool @FoolUtter]

🙏😂

[Jim Cramer @jimcramer]

To say the higher price of oil is relentless is to understate what has become a historic climb