Alright! It’s finally time for season 2 of “thousands”

This is easily the most boring (least schadenfreud) of the 5 so I’ll also throw in a few lessons I learned during this time.

I also just realized this bottle of shochu is 30% not 15% so yeah whatever. https://twitter.com/rennyzucker/status/1289356916947214336

Fuck where do I start after we loaded up 50k into an etrade account? If you didn’t binge season 1 the recap goes like this: 19 year old catches leveraged flyer on one of the biggest bubbles ever. Books a 20 bagger and tells friends “haha look at me” and they throw him stacks.

So yeah now it’s early October 2017, me and my two partners draw up a bunch of documents - we even had a consultation with a securities lawyer - and start pitching the idea of micro hedge fund to anyone that would listen. We knew we were smart and maybe a little lucky but damn.

So after everything with $HMNY and somehow getting out of that position with our book intact (19 y/o up 20x lol) we realized that what just happened was total luck and - even though luck happens - we knew that compounding required replicable gains so we needed to organize.

We took our 3,000% gains and new “outside” investor and began pitching to everyone we knew might be interested. This included basically out parents and some friends that might have some cash lol.

We wrote up a full prospectus and deck that labeled me as managing partner lmfao.

So by the second week of October we turned our personal ~30k into about $50k of trading capital after somehow convincing my friends friends that I was a god - this lesson will come in handy later.

$QQQ was trading at $150 and $AAPL was at a split adjusted $50/ share. Also this was the fall of 2017 so semiconductor and cloud computing stock fuckery we’re just coming into the fold... which taught me some very important lessons early on.

After finally loading everything up to E*TRADE it got seemingly easier and easier by the day. Gone we’re the days of me slinging $HMNY between classes on robinhood... we were finally professional investors!!!

Lmfao

Yeah maybe the first 5% and 10% and 20% fell within days but it was just a sign of things to come right???

We were making a thousand dollars a day and at one point a thousand dollars an hour... and this time it wasn’t a shit ass penny stock. At the time it seemed like semi stocks and crypto stocks (when $btc broke 10k the first time).

Like I said - during this time I was also pledging a fraternity, which made this hella interesting lmfao.

We’d have days where we’d book 5k in profit AND THEN have to go clean up a party just to throw up all over the party.

The tape danced as fast as the music. At one point we’d have people run away from their school shit to cheer us on as we just threw down stack after stack.

We were talking vacations, buyouts, job offers... I was literally test driving a Tesla when the shit hit the fan (season 3 coming soon) but that wouldn’t be for another few blissful weeks.

I wish I was anon so I could talk about the debauchery that would ensue on a nightly basis but I’m not so I can’t lol. Suffice it to say I’d meet a new... um... person or two on a nightly basis that would be damn impressed (confused by?) with what we had going on. It was sick.

ANYWAY... we had a few favorite tickers, you may have heard of them. One of the points that got our friends interested in giving us money was that we all had real experience at startups and could value those companies well (lmfao, we were still better than the IBs tho).

Those included $roku $lulu $ttd $sfix $nflx among others... take $120k in assets and split it among those and then imagine how we feel right about now lmfao.

Gave those up to cover a margin call on 2,000 $MU shares during the $soxx rout of December 2017 lmfao fuck me.

Yeah no don’t get me wrong... this was my mindset at the time. I was a total fuck. Like imagine taking someone that had caught a 10 bagger on tsla this summer and than 10X that because cuse Greek life lmfao. I turned into the biggest ass in the world and still have not recovered.

We had $roku at 15 $lulu at 60 and $ttd at 50. All fundamentals based trades that we bailed from too early. And that’s the single best lesson I can take from this... don’t get scared by froth

If you are early enough to an idea and have all your basis covered... it’ll make u rich

Seriously if you have equity in a company that is looking grow revs by 20% a year for a sustained period, it doesn’t matter what people say about the valuation... they will be late to the idea that’s taking hold and bid it up to an acceptable val anyway... let them do the work

So yeah we’re up about 25% after week one with no derivatives and limited leverage... we literally think we’re the shit. I literally think I’m a god. That’s another lesson, no matter how well your fund does or what your PnL looks like... the outside world will still say fuck you.

And they are totally right to do so... who the fuck are you for making a relative fuck ton of money by clicking buttons on a computer???

You’re lucky, that’s who you are. NEVER and I mean NEVER take your trading gains and throw them at others because nothing is more fungible.

So yeah to recap... we turned 3 into 50 and then proceeded to double it again. In two months. We had no idea the quantifiable risks we had taken to the this point but trust me it did not matter at all.

Every night was memorable and we passed by chart lines like we were speeding.

You guys will see this as the most boring season of “thousands” but trust me when I say it sets the stage for me to be absolutely embarrassed... by myself and for myself.

That port would have given us about a M in equity and raise another 25 so yeah that’s why I hate myself lol

Point is... nothing is EVER built that isn’t made to be broken by the architects so stay tuned...

MY GOD SHOCHU WILL FUCK YOU THE FUCK UP