Glenn Schoonover

Quantitative Hedge Fund - $600m Under Advisement - Algorithmic Trading - Fundraising - Author - Father - I reserve the right to contradict myself as I learn.

[Glenn Schoonover @VGSchoonover]

@Mona_Trades @naeteyy This attacked me personally.

[Glenn Schoonover @VGSchoonover]

@QCompounding Tell that to Jim Simmons who crushed the likes of Lynch and Buffett over 40 years.

[Logan Weaver @LogWeaver]

Jim Simons was a codebreaker for the NSA.

Then a math professor.

Started trading at 40.

His fund averaged 66% annually for 30 years.

Before fees.

Never hired a single Wall Street analyst.

Only mathematicians and physicists.

Died in 2024 worth $31 billion.

Most people never heard of him.

One of the best investors of all time wasn't an investor.

He was a mathematician who found patterns nobody else could see.

[Glenn Schoonover @VGSchoonover]

@_claudiarea I used to coach chess and would say something similar to my students. The position will tell you what to do if you just listen to it.

[Glenn Schoonover @VGSchoonover]

@Mona_Trades Yea, but they have to be the right trader friends. It's not worth it to argue with somebody who doesnt understand the game but thinks they know what theyre doing.

[Glenn Schoonover @VGSchoonover]

@TheOneLanceB Love this

[Lance Breitstein 🇺🇸🌎 @TheOneLanceB]

Just know that your favorite furus are all green today and up an easy 6-figs.

Doesn’t matter whether markets are open are closed 😉

[Timothy Sykes @timothysykes]

I can't say it enough, you can't cheat the process and expect long-term success. Those who ignore rules, discipline and boring daily habits are bound to lose most or even all of the money they make by being an undisciplined gambler so it doesn't matter how much they make in the short-term, they're screwed in the long run.

Once you realize that boring daily habits and hard work are the key to success, you can really get ahead of the masses of degenerate gamblers unwilling to put in the time, money or effort into their education and THAT is when you realize you can have great edge over your far lazier competition.

Most people will skim over this and be annoyed that I keep saying the same thing over and over, but I learned long ago you can't help the helpless and in this pathetic industry where 90%+ of people lose (and pretend to win 100% on here and in this toxic groupthink chatrooms LOL), most people are helpless and unwilling to change which is fine.

YOU CHOOSE what kind of trading experience you want to have, YOU CHOOSE what kind of future you want you and your family to have and even if I piss off 99 people out of 100, all it takes is 1 person to get it and I'm happy as that's how I've now created 50+ millionaires so far with the average millionaire starting with just a few thousand dollars several years ago.

YOU CAN ACHIEVE THE SEEMINGLY IMPOSSIBLE IF YOU WANT IT BAD ENOUGH AND ARE WILLING TO FOLLOW INSTRUCTIONS TO A T WHILE BEING DEDICATED AND STAYING PATIENT THROUGH THE INEVITABLE UP ANS AND DOWNS AND FRUSTRATIONS ALONG THE WAY.

SO WHO WANTS IT BAD ENOUGH?!?! RETWEET THIS IF YOU PROMISE TO BE DEDICATED AND TELL ME HOW OBSESSIVE YOU WILL BE WITH YOUR EDUCATION AS THAT IS WHEN IT BECOMES TRULY LIFE-CHANGING!!!

[Glenn Schoonover @VGSchoonover]

@RealJGBanks On every time frame... or?

[Glenn Schoonover @VGSchoonover]

@TheProfInvestor I generally agree with this with the exception of gurus that perpetuate bad investment decisions to retail investors who only want to change their lives for the better.

[Glenn Schoonover @VGSchoonover]

@TheProfInvestor Shorting isn't an option? Do we have to be buying? Lol

[Glenn Schoonover @VGSchoonover]

@barkmeta Buy?

[Glenn Schoonover @VGSchoonover]

@TheOneLanceB @Qullamaggie @Peoplewish @Banana3Stocks @RealSimpleAriel @1ChartMaster We are on the greatest bull run in history so it makes sense that people wpuld think they've "figured it out" and most of their setups go long.

[Alan Edward 🇬🇧 @TraderDivergent]

Pro Traders:

- Clear defined rules
- React don't predict
- Keep it simple

Amateurs Traders:

- Guesswork
- Prediction
- Complication

[Glenn Schoonover @VGSchoonover]

@LorenzoBolsa Buy it with what if you're already invested?

[Glenn Schoonover @VGSchoonover]

@LeonardLindstr3 @RealJGBanks Haha, this was the first thing that came to mind for me.

[Glenn Schoonover @VGSchoonover]

@QCompounding The list is definitely incomplete and context is required for each piece of advice. One example would be for Bogle. He recommends buying the haystack because he invented ETFs. Of course he wants you to buy his product and hold it for the long run.

[Glenn Schoonover @VGSchoonover]

@trad_ISABEL I've said this for years. If you don't make it, it means there is something wrong with you. You just haven't figured it out yet or aren't willing to.

[Ted Zhang @TedHZhang]

Stanley Druckenmiller @standuquesne thoughts on hiring a money manager:

"If I were hiring a money manager, the first thing I would look for is if all I heard was they never made a mistake and they’re telling me about all their wins, that is a big red flag. The great money managers I’ve met they generally don’t tell you about their wins, they tell you about a lot of their losses."

[Glenn Schoonover @VGSchoonover]

@TheProfInvestor When I started as a prop trader years ago, I used to talk to the losers, figure out what they were doing, then put the opposite trade on.