Extreme Deviation Automatic Price Targeting - "X_DEV" - Bitcoin

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Good info:

I posted this over on the A.I.M. board but it warrants repeating over here:

The World’s Most Successful Investor Is a Swing Trader

By Nicholas Vardy

Sep 11, 2020 at 4:54PM


Swing trading has made many a hedge fund manager a fortune – including the world’s most successful investor.

Yesterday, I revealed how billionaire Paul Tudor Jones II made his fortune by swing trading.

Swing trading techniques helped Tudor Jones build his hedge fund from a tiny $30,000 startup to a $7.8 billion leader in the industry.

But Tudor Jones isn’t alone.

I’ve also written about the world’s greatest investor, mathematics professor Jim Simons, who founded Renaissance Technologies in 1982.

Since 1988, Simons’ Medallion Fund has generated average annual returns of 66% before fees.

Bloomberg has called Simon’s quant system “a money printing press.”

But Simons experienced extraordinary success only after he began to focus on identifying reliable and repeatable short-term patterns in the market in 1990.

Today, Simons works with an army of rocket scientists who spend their lives mining reams of data going back to the 1700s to pick stocks.

For Warren Buffett, the ideal holding period for an investment is “forever.”

For the Medallion Fund, the average holding period is two days.

The surprising conclusion?

Simons, the most successful investor in history, is a swing trader.