It is evolution, not randomness, that forces this result. The 'richest traders' are those that had strategies best fit to some mkt environment. As a result, they are least likely to evolve (given substantial financial incomes in prior period) when environment inevitably changes
Koorwodaem portfolio is pure alpha this week. Long names like $DFTX, $ANRO, $INMD, $LFST, $EOLS in size. Meanwhile, short the index via long /ES puts ($SPX).
Everything laid out in advance in the substack for free
https://t.co/KoDCC2xP1h
Close eye on one of our largest posn's, $ANRO. At critical level, $24, where it IPO’d back in 2024. The opt mkt on $ANRO is abysmal so hedging is out.
Feels to me we are about to see a very large move up or down from here. I remain bullish & price is supporting that view for now
This is the greatest video I’ve ever seen. No notes. The lifeless clanker carcass just laying there. No crowd reaction, anything. Just Billie Jean. Until its lifeless shell is shamefully dragged off. Purely amazing.
@volisdead bought way out upside tails in META today so talking my book. im also just following a model, haven't a clue what the fundamental impact of a spin out is. leave that to you
Who's short gold with me here? Feels so wrong it just might be right. Added OTM puts expiring on the June contract roll last night. high convexity play
All four of the cumulative breadth indicators we follow finally made new all-time highs yesterday. That is normally strong confirmation of the new all-time highs being made by $SPX and negates the minor divergence we've been seeing.