As usual Citiboy 12 you are spot on. I rode a wave and made a great deal of money out of IPOs during an exceptionally lucky period. All of your points and all of your posts are spot on. But no good ever comes of arguing with people on trading forums who have fooled themselves like these people here have. You are wasting your time and energy. Just laugh as I have done and move on. You are wasting your time and energy on these people.
So all these traders succesful or not did confirm this to you? ROFLMAO. Can you show real hard proof of what you post? I mean written confirmations of these traders? Or is it just gossip? The only thing you know is what you read in newspapers and magazines. And they only write what is needed to make people buy these newspapers and magazines.
I briefly researched Renaissance Medallion. I have little information, as they are a private fund and there is no requirement for them to be audited. If I get paid then I will research them. It is unknown what their exact performance figures are. Other funds they set up such as REIF have lagged the market which begs the question why? If they are so good in Medallion then why have other funds they created not succeeded as well?
I did have Medallion figures a while back but that was 2 or 3 years ago and HFT has probably been hurting recently. You are of course correct about REIF. But you don't come to Elite Traders for truth. The people here live in a world of fantasy. Hard facts do not count for much in a trading forum. Testosterone and bullshit are the rule in places like Elite Trader. And ignorance and false hope.
Or maybe you are just a loser like all the traders (according to you). Why don't you share like you wish others would share? Perhaps you want to protect your 'world-view' from evaporating once the truth reveals itself? We will never know about you, but you will also never know about us.
Not true, one of the most successful traders I know was an advisory CFD broker - a sales trader. Became a multi-millionaire. Of course, the majority of his clients lost money but he legally extracted commissions from them whether they made or lost money. Self-made (pure capitalism). For another example, I refer you to my previous post about Steven Cohen. That doesn't make logical sense. There are various shapes and sizes of idiots Some of them don't ask questions at all.
Oh I love this place. Land of the doomed, valley of testosterone fuelled nonsense. Never forget this was the forum where Mike the Mouth Covel continued to push his ersatz and botched version of the Turtle System long after it had died and been buried. Bring it on Mr Schweiz, bring it on….I love it. All the fun of the fair. The same trite boring old nonsense people have been churning out here for years. Neither side listens to the other. Insults fly. Its like Lord of the Flies. Its comedy, tragedy, farce all rolled into one. I occasionally visit for a good laugh and I am seldom disappointed.
I can't believe somebody on this forum actually has experience and understanding of how the financial markets work. But you are wasting your time here. Why bother? Why am I bothering? I'm not really. I just dropped in for a quick laugh ans was surprised to find someone talking good sense.