for now, I'm letting my portfolio of special sits marinate. As usual the hardest part is the waiting..
#pat.l
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Gorge Sorrows
2.6K posts
Gorge Sorrows
@teto8k
non-specific amplifier of preferred outcomes
Dubai Katılım Eylül 2021
1.4K Takip Edilen872 Takipçiler
2 months now I've been in Japan spending quality time with my kid.
every now & then I log into X, see accounts I follow posting nonstop about every micro-gyration in the markets. every declaration by nero met with clown circus speculation about a new macro reality.
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times like these are exactly when you should hunker down, sit it out & cut out the noise.
especially if you're invested in broad market adjacent equity. Outside of PM equity & certain special sits, I see very little pockets of value left in this market.
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Gorge Sorrows retweetledi
You become a mediocre conversationalist when you are busy all the time, because you are too worried about your next place to be, your next deadline, your next meeting, to be able to actually focus, be present, and listen to what the other person has to say in a non-judgmental way
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Gorge Sorrows retweetledi
I'm the CRO of @Sync, Canada's end-to-end encrypted cloud storage provider, and Canada's Bill C-22 stands to cause immeasurable harm to the rights of Canadian citizens, and an industry that Canada should be leading in the technology sector.
This bill will cause an exodus of companies, investment, and talent and will not make Canadians any safer. This is a mass government surveillance bill that aims to make privacy companies and people agents of the state. Canada already has methods to collect data, through legal means and using warrants.
This goes against everything @Sync stands for and we will continue to fight against this bill and we are preparing additional measures should this misguided bill come to pass.
@mgeist @JCCFCanada @MelissaLMRogers @Tablesalt13
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@Focus_SME @JostsEngLtd hahahaha. i know the promoters of this company personally. wouldn't touch anything they're involved in. sales engineers are paid their bonus after a years delay.
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What the f*ck is this? Why can't you do fair job of putting the number in Excel & simply covnert to a PDF File. @JostsEngLtd
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Gorge Sorrows retweetledi
This poker comparison works another way, too.
Take a 10 handed poker table. If your table is yourself, 8 other equally skilled players and a single bad player, you wind up playing a bit more than 10% of hands*. This is because against the other skilled players, you want to play 10% of hands. And against the sucker you want to play a bit more than that on average.
However, say you instead have a table that is yourself plus 9 wild crazy players. This is what the stock market really is. You wind up playing well less than 10% of hands because the outcome for each hand is very far out of your control. You're not going to bluff anyone anymore, for example, you just need to show up with a strong hand at the showdown every time.
Even though the second game plays downright insane, the edge is higher than the first game. And you do well by avoiding the madness. Markets are a lot like this. I can't put into words here how this is useful immediately, but it's worth stewing on.
* I ignore rake (house edge) implications since is the rake is immaterial markets for long term investors.
David Orr@orrdavid
@SowingAlphaSeed The market is so wildly inefficient and almost everyone involved is clueless. Unlike other games, investing is something that everyone with money is forced to play. There's no escape. It's like playing poker on a gigantic table against all the world's richest people.
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Gorge Sorrows retweetledi
it is an unwritten rule of life that after every prolonged period of hardship and uncertainty, there is going to be a period when you are going to achieve quantum leaps across multiple areas of your life. the only requirement is that you do not give up on yourself
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Gorge Sorrows retweetledi
Gorge Sorrows retweetledi
Trading frequency - a commentary from a five decade veteran
I follow about 40 global futures markets
I enter each year figuring that I might three good signals in a given market over the course of 12 months -- maybe four. That's it. For a given market there will only be three or four price bars that I will consider suitable for taking a risk position. If I trade a market more than five times in a year I consider that I over-traded -- that my nose was too close to the chart. Then it is time to be conscious about pulling back from daily charts and re-focusing on weekly charts. As a rule, if I cannot see a pattern on weekly chart then it is 80% certain there is no trade for me.
That's it -- three or four price bars that are important. The rest are noise.
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Gorge Sorrows retweetledi
The peculiarity of intellectual work is that, even when you see the world expanding, to the world you remain the same. You can experience immense progress and be of more value to others, yet there's "nothing to show" for it. It works very weirdly. But you only need one chance.
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Gorge Sorrows retweetledi
You're gonna be wrong many times along the way, but you will find your direction; that's far preferable to never being wrong (and never being right either), and living your whole life worried about everything all the time.
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#gcmresources breakout of multi-year resistance ahead of Bangladeshi elections. possible signal. maybe just hope. I'm buying the breakout.
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Gorge Sorrows retweetledi
Why was Epstein so keen to talk to Tether's lawyer (Weinstein) the day before the Griffin/Shams paper on Tether's manipulation of the #bitcoin price was released (and heavily covered in the press)?
Bitfinex'ed 🔥🐧 Κασσάνδρα 🏺@Bitfinexed
Hahahahaahahahahahahaha.
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