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  1. mervyn

    ES Journal - 2023/2024

    yea, shorted at 3960, closed 3953. 49 is next target
  2. mervyn

    ES Journal - 2023/2024

    average 1 point scalp?
  3. mervyn

    ES Journal - 2023/2024

    oh well, from 3949 to 3881.5, there is nothing in between, either free fall or chop below 4005
  4. mervyn

    ES Journal - 2023/2024

    3949 is the next target
  5. mervyn

    ES Journal - 2023/2024

    my larger account finally came back to earth, last Friday's short entry 3970, more to go.
  6. mervyn

    ES Journal - 2023/2024

    good call, shorted at 4030, got out too early.
  7. mervyn

    SMH

    Yes but Gelsinger is misdirecting his tune, China has more than 30% of Intel's market.
  8. mervyn

    SMH

    Well, from fox. Anyway, China is never a competition at the higher end. Intel is losing business to TSMC and all the in-house designed shop like Apple and Google.
  9. mervyn

    AMP vs Ninja for Futures only?

    There is a McDonald's University if you are smart, you can graduate with "Hamburgerology", Good scores can be retained as a faculty member, teaching in one of eight global campus of your choice. It is a real career.
  10. mervyn

    George Santos - A complete fraud

    The Talented Mr. Ripley Brazilian Authorities Will Revive Fraud Case Against George Santos https://www.nytimes.com/2023/01/02/nyregion/george-santos-brazil.html
  11. mervyn

    ES Journal - 2023/2024

    happy weekend
  12. mervyn

    Technical analysis and different future contracts

    https://www.elitetrader.com/et/threads/whats-the-logic-of-spreading-es-futures.371896/#post-5739591 Refer to this thread. When roll, you are not losing any profits, the spread is a constant, otherwise also will arb the trade. Trade the front month because it is most liquid, futures are mom so...
  13. mervyn

    George Santos - A complete fraud

    Fraudulent academic degrees. Involvement in a firm accused of a Ponzi scheme. Multiple evictions and a suspended driver’s license. All of it was in the report, which also said that Mr. Santos, who is openly gay, had been married to a woman. The report did not offer conclusive details, but some...
  14. mervyn

    ES Journal - 2023/2024

    weaker dollar, nothing more. CL went up 3 bucks if you were holding for few days.
  15. mervyn

    What's a hedge fund structure worth to you?

    Not sure you want to be a service provider or a trader but it is never easy if you don't have a demonstrable P&L to show. Once you start to solicit money, all sort of regulations applies, hence the increasing outside vendors expenses.
  16. mervyn

    ES Journal - 2023/2024

    out of gate -6.75 point, trying to go long, didn't work.
  17. mervyn

    What's a hedge fund structure worth to you?

    No startup budget. I got quotes years ago from state street etf turnkey, 15-20bps AUM. HF is more complex, if you have to answer to public market, and different regulatory agencies.
  18. mervyn

    In a futures account, total equity or account value?

    Not complicated, add up Jan to Dec monthly p&l, then add ote of Dec 31, it is done for tax filings.
  19. mervyn

    ES Journal - 2023/2024

    Keep watching VIX closing today and tomorrow folks, history repeats itself, fast. We didn't touch the downward trendline, being 4023 on my chart but we did cross 200ema.
  20. mervyn

    What's a hedge fund structure worth to you?

    Let me clarify, I meant this is for OPM (other people's money), assuming you sell stuff and take management fees and carry.
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