ES Journal - 2019/2020

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Gaslight Capital said:
I never said the economy would be back to the highs. I specifically stated the S&P 500.
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You're from Philly right?
Only reason I ask is this is in your dna. As well it should be.
Queued to the exact right words.


Great song btw.
One of the best.
Listen to the whole thing.
ffw it to 0:41and take 8 minutes.

Or 4:46 if you're in a hurry.
Just turn it up loud buddy.
That's the way it was written.

...Pack sand B1.
 
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vanzandt said:
I always (jokingly) call you a Kangaroo.... but I forgot about the Dingo's.
You got a bunch of weird animals down there.
Are these things mean?
We have wolves and coyotes... coyotes will take out a domestic dog (they attack in packs) if they're so inclined.
I mean for real, coyotes can be a problem.

From now on... depending on your bias as I see it.... you will be designated a Dingo or a Kangaroo.

VZ knows all. :rolleyes:


Cute little things...

00585060_web.jpg
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Dingos are little bastards, like monkeys but worse.
Calling me a dingo is ok.
EhGJ4mbXsAAGXvN.jpeg

Uluru (Ayers Rock) dingo territory.
 
syswizard said:
That's right Zandty, the bankruptcy rate in 2021 is going to be incredible.
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It really is.

And it sucks because the WMT's of the world will only get stronger.

What's worse... in the bigger picture... most can't see this now.... but as this plays itself out... what we'll really lose in the end... the creativity of the individual.

That's probably way too heavy for most here to grasp. But its correct.

Gotta dip.
Nite-all.
 
speedo said:
I highly recommend reading The Man Who Solved the Market, a book about Jim Simons and the Renaissance/Medallion Funds. They made hundreds of billions of dollars and easily out-returned such as Soros, Cohen, Dalio etc. Simons was not a trader but a mathematician and math professor who had an intense interest in the markets...and making money.

He assembled a team of other mathematicians, theoretical physicists, data and computer scientists. They amassed vast amounts of data and when they crunched the numbers, they first discovered that price had repeatable patterns and much to their surprise, the most efficient time frame to exploit those patterns was on the FIVE MINUTE CHART. So they programmed their trades which could be hundreds of markets simultaneous based on such a model.

Moral of the story, the biggest whale in the sea wrote algo's off 5 minute patterns which were in the market long before they entered the arena.
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Much appreciated book tipp. Will read for fun. Thanks :)
 
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