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