who is your fav trader to follow?

Discussion in 'Trading' started by cashclay, Jul 26, 2015.

  1. cashclay

    cashclay

    Im asking specifically for intraday traders. I heard trading with shoot, meir barack(who is my personal fav) and well timothy sykes (whom has a pretty sound disciplined system).
     
  2. Vic niederhoffer on twitter. Guy isnt a day trader but has incredible insight gleaned from a lifetime in the markets. Pretty funny too!
     
  3. and a pretty repetitive guy going bankrupt and blowing out, too. What is it now, his 3rd or 4th time his hedge fund had to close down amid huge market losses? Problem with Niederhoffer is that he has a keen understanding of probabilities and statistics but a stealth ego, he refuses to back out of trade when it goes heavily against him.


     
  4. I'll let you guys in on a dirty little secret: nobody makes a fortune trading their own accounts. Fortunes are made trading other people's money. Even if you crash and burn, YOU got paid and that's all that counts.
     
    Iwilldoit likes this.
  5. That would depend upon what you mean by "follow." If by follow, you mean copy, then no one. If you mean advice and guidance, it would be Jason Alan Jankovsky and Peter Brandt. Despite the fact that Brandt is an extreme long term trader, his ideas translate into shorter term trading because he is an actual trader.

    I've recently listened to Kim Krompass and found her viewpoint to be spot-on for what I believe the approach a successful trader should have. I know she has a subscription trade room, so she's a day trader, and she doesn't use indicators, just the price. She trained under John Person, who is also a very sharp trader and educator. (let me hunt around in my email for a quote)

    Found it:

    “There are two realities. At the moment of execution, at the very moment of execution, a trade is 50/50, and if you believe you have an eighty percent or a ninety percent win, edge, you’re delusional. It is 50/50. So what I tell traders is that there’s two realities. So, let’s say price is in a range just for our listeners who are really listening still, and you get an aggressive move into the high of the range. You have two realities. One, it’s going to be a breakout, or two, it’s a fake out. So you can either elect to go long, and execute a long, or you can elect to go short. At that moment in time of execution…both are correct, at that very moment in time. And I talk to my traders about, that’s what makes you good, not caring about getting a trade that wins but doing the right thing at the moment of execution. So where I strike and I go short and you go long, we both are right at the very moment we both did what we said we were going to do. So those are the ones that are exceptional traders. They understand that really there is (sic) two realities and the only way you are going to know the outcome is, as time plays out and the charts actually play out, and they’ve come to accept that and they truly believe it, and that’s what allows them to execute.” - Kim Krompass interview on The Trading Lifestyle Podcast.


    “They’re not going to be exceptional traders. They doubt themselves, they hesitate, they don’t take…they’re not willing to take a stand win or lose. And that’s what I tell traders, you have to be willing to take the trade, win or lose. And stop worrying about being right, it’s about doing the right thing, which means executing.” - Kim Krompass interview on The Trading Lifestyle Podcast.

    This is who I am as a trader, so naturally when I heard this, I transcribed the interview into my notes. Love these quotes.
     
  6. You can say Dan Zanger made a small personal fortune -- he turned something like 10K into tens of millions. Dan Zanger traded stock in the late 90's...that's like a once-in-a-life-time perfect storm to be at. It's rare, but it happens.

    If you're trading leverage/Options, and letting compounding do the rest...it's relatively doable -- if you're Bold:cool: and ambitious and greedy enough...and somewhat Lucky:D too.

    (i'm not a fan of money managers collecting a fee to make their living...I'm more interested/fascinated by individuals trading their own accounts)
    [​IMG]
     
    Last edited: Jul 26, 2015
    Jones75 likes this.
  7. He never declared bankruptcy and paid back all his creditors. Don't talk about things u know nothing about. Its poor form.

    surf
     
  8. I don't know anything about this guy other thsn he runs a newsletter with a terrible track record.

    So, if the reports are true, his edge is gone, and its possible his success was a one off lucky streak. surf
     
    Theseus likes this.
  9. This is very true. So, doesn't it stand to logic that making random entries would work?

    surf
     
    Theseus likes this.
  10. oh right, he only closed his funds several times, each time he finds new schmucks to invest money with him, he burns right through it. The first time around he had to sell all his personal assets, all the way down to art collections and silverware. So, let me ask you, how did he make his investors whole the 2nd, 3rd, and 4th time around? I think it is you who is deluded...


     
    #10     Jul 26, 2015
    d08 likes this.