White on Rice.... 01.25 Long
ES Journal - 2019/2020
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That`s a great statement!
Frankly, I had completely forgotten about the guy, since that last email, which was probably in late 2006, 2007. He did blow up. I felt it was my duty to share my personal experience, and personal knowledge about information not readily available. I think @Relentless appreciates that.
That "Marquis Private Jet Card" did it. It was positioned at the end of his desk, facing my way. Something was off.
I went to college with billionaire offspring, and they don't do that. Thankfully, I had developed intuition, by being on a prop desk for 5 years. And walked away. Otherwise, a million dollar mistake...
Back in 1999, you made money, just by having a heart beat. Luck played a major part in the early part of my trading career. Right place, and at the right time...
Always nice to get hit on the swing lo tick! I actually BOT from 5 on down buy scale... have more to buy under swing lo ....
Market panicked on the news that a a leap second would be added to 2020 making this year even longer than had been expected.
"the only reason to not be profitable every day, is not getting yourself out of the way..."
To what degree would you say this is the/a holy grail of trading?
I often think of it as that.
I'm talking about a grown man who has amassed a fortune the likes of which very few ever achieve, and he did so at a fairly young age by trading and investing, and who furthermore presents analysis on a free blog that is frequently actionable if you spend the time yourself to research the ideas further to find your own play.
You, on the other hand, are stuck on a 23 year old kid one year out of college who you resent for the ostentatious display of a Marquis Private Jet Card in 2005, the era of Trader Monthly, and ostentatious was in that year. You don't have to go to his blog. I simply noted that I have been reading him for years and some of his ideas have proven to be quite good.
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Covered @10558.00.
There is absolutely no resentment. I had a $5M offshore Private Interest Foundation. I was OK, trust me.
I am just stating the fact the he blew up (and you cannot find that information). And the display of his "Jet Card", made me wait it out. Otherwise, I would have lost one million dollars. As I stated, he was very well versed, and seemed very sharp, but my gut feeling told me to walk away.
As for his blog, not really interested. Taking note of his Africa, and then Mongolia excursions, I pass, just like I did in 2006!!!
As a side note, I ended up in CD's yielding 5%, in 2006. The name Mulvaney came up in quantitative hedge fund managers. In late 2007, I was at a friends apartment in NYC, who had been at SAC for over a decade, and retired (he was among the first employees, hired by Steve Cohen). In his living room, there was a report by HSBC Private Bank. I browsed through it, and it listed the best 10, and the worst 10 performing hedge funds. Mulvaney was the worst performing hedge fund, losing over 50%. I emailed Paul Mulvaney, expecting no response, as I assumed he was comatose. He emailed me back, quite nicely, saying it was the 100 year storm. My gut feeling said to invest. Mulvaney Capital was the best performing hedge fund in 2008, earning 100%+. It was life changing. I cashed out, and Paul Mulvaney said he completely understood. I visited London, and had a personal meeting with him at his office. I shook his hand, and thanked him, deeply.
What a difference!!!
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