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The 10 Most Recent Messages By mungofitch

Take me back to where I was.
  • Date: 12/15/17 3:40 PM
  • Number: 268630
  • Recommendations: 1
They used 2 systems. System 1 used a 20-d breakout to initiate positions. System 2 used 55-d breakout to initiate positions.
The main difference from what you suggest was exiting profitable trades.


Actually the systems aren't
(Continued...)
  • Date: 12/15/17 12:19 PM
  • Number: 233266
  • Recommendations: 1
For a moment, let's pessimistically assume he never returns to work. (though of course I wish him well)

He has been there around eight months.
His hiring bonus was around $84 million.
Has anybody done the math for how much per
(Continued...)
  • Date: 12/14/17 4:45 PM
  • Number: 233254
  • Recommendations: 12
Just like the world changed for World Book when Bill Gates made it obsolete

As a cash purchaser of the CD version of Encarta, let me assure you that this is a bit generous to Mr Gates.

As for judging old decisions by their
(Continued...)
  • Date: 12/14/17 11:19 AM
  • Number: 268608
  • Recommendations: 7
Returns have been poor in recent years.

CAGR during bullish days was lower than CAGR in bearish days in 2009, 2010, 2012, 2013, and 2016.

For the die-hard optimist, that isn't *quite* as bad as it sounds.
First, few timing
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  • Date: 12/14/17 10:50 AM
  • Number: 268606
  • Recommendations: 4
Q: Which commodities?

All the ones that I had futures histories for.
It worked OK on some, and well on others.
Nothing that made me think this is how I should be making a living, but a nice confirmation of the general
(Continued...)
  • Date: 12/14/17 7:48 AM
  • Number: 268602
  • Recommendations: 14
Re: 99-day clock reset
...
How does it feel, going off script, with your GBTC?


Interesting juxtaposition.
The no-new-highs-lately type of signal works pretty well on things with spiky prices and bull/bear cycles like
(Continued...)
  • Date: 12/12/17 11:53 AM
  • Number: 233205
  • Recommendations: 3
You could short a bitcoin by entering into a contract with a bitcoin holder to borrow the bitcoin (presumably at some rate of interest) and return it at a specified later date.

Much easier now.
Sell a bitcoin futures contract.
(Continued...)
  • Date: 12/9/17 3:28 PM
  • Number: 233171
  • Recommendations: 18
A penny stock going from 5c to 10c is different than it climbing to $10,000 and then going on to
$16,000; though the curve is less steep in the latter case.


So, if bitcoin did a million-for-1 split then you'd agree that the
(Continued...)
  • Date: 12/9/17 5:38 AM
  • Number: 233168
  • Recommendations: 0
by the way, all the bubble talk is almost funny.

True on one sense: it's not much of a bubble, really. These things are all relative.

The rate of change of bitcoin price is far less than what it was a while
(Continued...)
  • Date: 12/8/17 10:35 AM
  • Number: 233152
  • Recommendations: 7
The usual list of overvalued stocks is in some ways a list of firms whose futures are most uncertain.
So they might be wildly overvalued or not, depending on how the future unfolds.
It is not wise to bet against those.

But a lot of
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Take me back to where I was.
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