"Trade or Fade"

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One day at my S&P desk on the CME floor, the PitBull called me and was out of his mind. 

Screaming at me, “why don't you pick up!? I don't want to talk to anyone but you!” — lol it's still that way today — and I remember telling him I was short and losing money and didn’t want to talk...you know what he said before he hung up? 

"Trade or fade motherfucker!" 

In other words, get over it and move on. I had a long conversation with him about how now the big banks, mutual funds, and large investment firms get the news before the numbers come out and he said I was unequivocally correct. I know it may seem crazy, but this is the second month in a row the ES rallied big going into the CPI number and rallied big after. 

It's like the PitBull said, “if you don't think there are information leaks, look at Nancy Pelosi's stock account value, do you think she knows more than me? No, she gets the information. It's the way it goes and I have learned that it is better to be on the right side of it than not.” 

Like Tuesday's big PPI rip, it never looked back. These programs have been rotating hundreds of billions of dollars. If you find yourself on the wrong side of that, it is best to admit you are wrong, get out and start over like I did yesterday.