That is a great book. Too bad that Vic didn't apply its principal maxim, "the form always moves away from the public." Selling vol had become a ridiculously crowded trade. All a guy had to do was look around.
you are making too many assumptions in your statements. you seem to believe there is some kind of fraud or deceit implicit in a certain trading strategy--- that truthfully, you don't even know for certain that said party has not incorporated other trading methods,tactics, strategies in the plan. you don't have any idea what risk management tactics are in place, what the expected monthly drawdown is, and especially how the year will end up. by the way, its cool to see another elite old timer still on the boards--thanks for posting that old thread regardless of how i feel about the spirit of your post. surfer
After blowing up once already, he is DOWN 28% in a month? If I were down 28% in a month, I would hang it up and shut down until I figured out the fundamentals of risk management. Reckless, arrogant, pathetic: he who produced such returns, and the saps who gave him the money in the first place.
trendmo, what's your own website's url? what kind of content do you put up, and how often is it refreshed? do you publish specific recommendations? thanks, rod.
Hi Rodney, Sorry, but I do not recommend anything. I was just refering to the dailyspeculations web site. I assumed it would be common knowledge to the people following this thread. Ta.
Im going to pipe in and back up Trendmo since its Rodney king's first post. If you are going to promote a website and Make a Market Call for Monday and It goes against you, then you take down that post when you are wrong, I ask anyone here, What is that? What are you trying to promote? How smart you are? Who cares how smart? Give me a break. His book is a good read, his comeback is impressive, he continues to tell us how smart he is via a website and bashing Billionaires like the Sage. But make a call and tell us you were early or wrong. Am I one of the few who read the original post this weekend? Vic? Man Up??? If I were humbled by the market to the degree he was and publicly , I would Shut the Eff Up, not bash any Billionaire and just trade, and hone my craft...Enough....thats off my chest. Trendmo doesnt have a site that promotes himself.
I probably should keep my mouth shut...but I won't. I think we should leave VN alone...even though I think to an extent he is 'fair game", since he has made himself a public figure via his website, books, interviews etc. However, I still think this is a tough business...a very tough business and I give kudos to any one just for even showing up to play the âgameâ. I don't like showing Schadenfreude period and certainly not with traders/entrepreneurs/fund managers. So if I may suggest, let's end the VN bashing and even the VN love fest (market surfer â¦you listening). There is benefit in discussing the benefits/merits/de-merits of different strategies e.g. short gamma vs. long gamma, systematic vs. discretionary, etc, but in doing so lets focus on the issues and NOT the personalities. Let's wish everyone well and focus on how we can improve as traders and as people. Thanks!