Election theme

[ironchef]

• I tend to agree with your numbers.
  
• But when it comes to @PoopyDeek I would up the skill/inspiration/hard work level to 25% from 10%.
• @PoopyDeek knows is sh!t.

For @PoopyDeek it is the reverse: 10% luck and 90% skill.

 

[OptionsOptionsOptions]

For @PoopyDeek it is the reverse: 10% luck and 90% skill.

• Not a chance.
• His latest call on Friday was mostly luck.
  
• He was very lucky during Monday's last 1 hour and 20 minutes of trading.
• Good call - but it came with lots of luck.

 

[PoopyDeek]

The cash print was 2866 SPX on the above quote.

I had a massive long less than an hour into the trading day on Friday. Covered ES and AAPL longs (ES+80) and then went long TQQQ at 70.7. The floor on TQQQ was 76 on Monday. Choose an argument that can't be shot down so easily.

2860-70 and I called 3000. I called Monday's Dow even after the bulk of the rally on Friday.

 

[ironchef]

• Not a chance.
• His latest call on Friday was mostly luck.
  
• He was very lucky during Monday's last 1 hour and 20 minutes of trading.
• Good call - but it came with lots of luck.

I remembered his lucky call on BIIB butterfly. I don't understand why someone can be soooo... lucky.

 

[Cuddles]

Looks like the market's responding positively to Biden hanging in there...

 

[Same Lazy Element]

90% luck? Lol, is this because you don’t have or can’t explain the skills it takes to make money and keep it over time trading?

“The more I practice the luckier I get”

Being in the right place at the right time some 20 years ago (remind me, where did you start your career?) was a matter of luck, not skill. Same goes for me. I could wax lyrical about how I came here with $150 and a dream, but the reality is that I had a lot going for me. My parents are both doctors, I went to a pretty good school etc. If I was born in an Indonesian village to a family of illiterate parents, I doubt I'd be managing a book at a hedge fund right now.

 

[ironchef]

Being in the right place at the right time some 20 years ago (remind me, where did you start your career?) was a matter of luck, not skill. Same goes for me. I could wax lyrical about how I came here with $150 and a dream, but the reality is that I had a lot going for me. My parents are both doctors, I went to a pretty good school etc. If I was born in an Indonesian village to a family of illiterate parents, I doubt I'd be managing a book at a hedge fund right now.

Like Buffett said, those of us in the US today are very lucky.

Best regards,

 

[tt.texantrader]

Not directed at you as work got in the way, but I'll just say that it was nearly impossible to miss the signs that today was going to be a monster. Any equities-trader who lost money today needs to re-examine their process/system and possibly stop trading altogether.

No harm in passive investing.

Out of curiosity, what signs would you say made it obvious that this day in particular was going to be a monster?

 

[Cuddles]

How long you reckon this post-nominee rally lasts? Seems hardly good for a full day given the lackluster performance of the rate cut today.

 

[Deez]

Being in the right place at the right time some 20 years ago (remind me, where did you start your career?) was a matter of luck, not skill. Same goes for me. I could wax lyrical about how I came here with $150 and a dream, but the reality is that I had a lot going for me. My parents are both doctors, I went to a pretty good school etc. If I was born in an Indonesian village to a family of illiterate parents, I doubt I'd be managing a book at a hedge fund right now.

I started at an HFT firm in Chicago 2007.

What brought you to the table is a different conversation than learning how to be a profitable trader. Can’t argue with the situation you are born into is luck, finding and exploiting repeatable patterns and practicing self discipline is not.