At 40, Jim Simons left a famed math career to launch the most successful hedge fund ever: Renaissance Tech.
Even though it only won 51% of trades, the fund made 66%/yr for 30yrs (Simons worth = $25B). It's a story of genius, but also of how hard it is to beat markets.
THREAD🧵
Bear-market rallies are strong and they go on for long enough to suck in most market participants!
They feel like the real deal.
The indices are likely headed lower which means high growth stocks will also come under pressure after this bounce. Final leg down probably ahead.
I think i'm going to wait for the weekly open reclaim before jumping into anything this week. Almost as if some of these are just way too easy to play. Don't need to catch them all. One will do.
Probably the biggest alpha I've shared on here.
Been doing research on @hashflownetwork who are airdropping $HFT in January. You get the $HFT airdrop by holding a Hashflow NFT, each having a different $HFT value, which are tradable on Opensea.
A quick thread 👇
GM Crypto familia! Better hope NY session open bids #Crypto else it’s gonna be another brutal red day
Watching:
$BTC at $45.5k support
$ETH wick into $3400
$NEAR strong bounce already
$SUSHI for resilience against selling
$FTM support near $2.10
$MATIC support at $2.20