ES Journal - 2019/2020

[ChipShotTrader]

It is no coincidence. It is a part of how he frames his worldview when he conducts macro analysis. The next line of that essay from which the quote came is "Your goal is to make sure that you only invest in things that will exist for at least the next few decades."

Maybe he did blow up his first fund. He would not have been the first and certainly will not be the last. He has some market sense. He didn't amas a net worth of $75,000,000 thorugh fees alone. And he did beat out 9000 other players back in thestreet.com's 1999 trading challenge as an 18 year old kid.

I mentioned him here because he has a blog and over the years he has shared some ideas worth knowing. I do not see why this discussion of him took the turn it did. I guess to make some people feel better abut themselves, perhaps?

Dear @Gaslight Capital

Regarding the $75M Net worth, I think the article is referring to a Mongolian ex-sumo wrestler, NOT Kupperman, at all.

https://www.forbes.com/sites/forbes...mo-wrestler-returns-to-mongolia/#186a314686ee

And it appears that Kupperman was fully invested in his Mongolia fund:
https://www.gurufocus.com/news/307514/interview-with-harris-kupperman-of-mongolia-growth-group

And in 2015, it was not doing so well. I did a quick search in the Wayback Machine for www.pracap.com, and although it was started in 2003, the oldest screenshot is from 2019. Something is off...

 

[SPYgrain]

Very tight range since Wed..be prepared for a breakout or fakeout/shakeout = 100 pts either direction..

 

[themickey]

Very tight range since Wed..be prepared for a breakout or fakeout/shakeout = 100 pts either direction..

I'm with B1 on this, large move to the upside expected for SPX, it'll catch shorts out again. (& again & again....). But...maybe not today....

 

[Gaslight Capital]

Something is off...

If I were you I'd stay away from his blog. As I am not you, I will continue to read his future entries and will likely periodically profit thereby. Now let's put this one away, shall we?

 

[Buy1Sell2]

Financials will continue their massive move up from their start last week. This week will be large, large, large.

 

[Buy1Sell2]

Today and tomorrow will be a massive Barn-Burner to the upside. There is a 22 percent chance that it will be a Bollocks -Bender though. Either way, the move will be huge.

 

[vanzandt]

Financials will continue their massive move up from their start last week. This week will be large, large, large.

Uh huh.

Grab that first scalp for 8 points, let it hit 3221 again, then mortgage granny's house for the overnight.
Edit.... 3219.75

Edit again, well there's the spike. Lets see what happens.

30 points had you listened B1.
BOON TIME!

 

[vanzandt]

I'm with B1 on this, large move to the upside expected for SPX, it'll catch shorts out again. (& again & again....). But...maybe not today....

That's the reason toilet water spins clockwise in OZ.

How's things down under Mick? Everything good?
SQM or ALB gonna ever break out?
That dog SQM... worst stock in the ira.

 

[syswizard]

I see the Dip 'n Rip crowd showed-up for the RTH opening. Big tech in favor once again.

 

[Buy1Sell2]

Financials will continue their massive move up from their start last week. This week will be large, large, large.

They are basing, basing----patience, patience-------