ES Journal - 2019/2020

QTrader20 · Oct 30, 2020

Just went thru my stats for this week... 1 losing trade = -$70 and the rest is profits... another great week for me Hope you guys made some donuts too

Overnight · Oct 30, 2020

Buy1Sell2 said:
Major upmove for the rest of the day. I would not be surprised to see this go green.
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Two minutes after you posted that, the downtrend continued.

amsterdam · Oct 30, 2020

What a day, what a week!

Kovacs · Oct 30, 2020

amsterdam said:
What a day, what a week!
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What a close!

amsterdam · Oct 30, 2020

Kovacs said:
What a close!
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Wow!! Had shut down and called it a day.

syswizard · Oct 30, 2020

QTrader20 said:
Just went thru my stats for this week... 1 losing trade = -$70 and the rest is profits... another great week for me Hope you guys made some donuts too
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1 loser for the WHOLE WEEK ? Unbelievable ! How long have you been trading ?

ChipShotTrader · Oct 30, 2020

ChipShotTrader said:
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...
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@Gaslight Capital

Just watched this. I could not help thinking about Harris Kupperman! Bilzerian is like Kuppy 4.0!!! AND HE HAD A BLAST...

I truly wonder why Kuppy has no recent interviews in REAL VISION, I truly wonder

A LIAR, all the way

https://www.elitetrader.com/et/threads/es-journal-2019-2020.328086/page-2698#post-5159405

ChipShotTrader · Oct 30, 2020

Gaslight Capital said:
The chart posted is a stock chart tracking the price of the common stock in his company, and it is not a fund performance chart. For all we know the fund liquidated its real estate investments at a profit and the proceeds were distributed to the shareholders, the number of whom never seemed to exceed 3000 souls.

I have no clue as to Kupperman's trading acumen. It is true that brilliant analysts are very often poor traders. Most people, in fact, undoubtedly including most of the people posting to this forum, are poor traders.

As to the comments about the price of common stock in his company, it may be that the company has or is in the last stages of failure. Or it may be that the company qaccomplished its goals and has divested itself of its assets. As Harris Kupperman himself has said, "Companies can and do go bankrupt. Go to the library and look at a list of large companies from 1950—very few of them still exist. Go back another twenty years. Almost none of the companies from 1930 still exist."

As a matter of fact, very few human beings from 1930 still exist.

One who takes risks and fails is not by virtue of that failure a fraud.

One who accumulates a high 8-figure liquid net before the age of 40 is not a failure when that fortune has been accumulated legally.

And one who takes a company public only to see the price of the common stock languish in the pink sheets is often guilty of nothing more than failing to excite a market in the stock of said company. The majority of companies end up in that position. And that chart was not his investment performance, it was the price of his company's common stock.

emini is likely going to test that June 8, 2020 high again. It's main task is to get above that level and stay above that level so as to force the S&P 500 stocks to gap open above that level. That may or may not happen. But that is the emini's task. Should the attempt fail, or not even be made, then I would look for price to pullback and test the levels of the lows of July 9-10 and 14, 2020 ($3105-$3120).

It is a stock chart, not a fund performance chart.
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FAIRY TALE is OVER...

vanzandt · Oct 31, 2020

vanzandt said:
I have a feeling we are going to get a major tech sell-off tomorrow.
I'd short NQ, or dump it here in a few if you're holding.

****I logged back in to post that for all ya'll btw.
Ain't I nice?

Damn right I am.
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Before the 6PM open last night...
.... And not one thank you.
I want a paycheck Baron.

How's @Buy1Sell2 btw?
I see XLF is $22 now. Gee, I didn't call that one either.
Back in JULY!

The good news is...
...the pandemic is over, there never was one, and masks.... they don't work.
Smart cat there that's for sure.

The #1 Social Network for Traders. Since 1997.
(insert emoji for 'ship of fools')
-vz

Gaslight Capital · Oct 31, 2020

vanzandt said:
The good news is...
...the pandemic is over
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It was an easy fix once they discovered that testing for Covid causes Covid.