Jack Schwager discusses FundSeeder, a free platform to find undiscovered worldwide trading talent

Discussion in 'Wall St. News' started by dealmaker, Jul 4, 2016.

  1. Maverick74

    Maverick74

    See this is a math problem most ETers struggle with. Stats 101. It's a conditional problem. "Of" the group of traders in the population who are struggling to get funding (just that subset), they are looking for the top 1% of "that" group. They are NOT looking for the top 1% of the entire population set. This is why you get drilled in math on prop firm interviews btw.
     
    #11     Jul 5, 2016
  2. RedDuke

    RedDuke

    Hi Dealmaker,

    Thanks for sharing. I will be setting up an account with them and will tell everyone how it goes.

    Regards,
    redduke
     
    #12     Jul 5, 2016
    dealmaker likes this.
  3. Maverick74

    Maverick74

    I am looking forward to their next book, "Undiscovered Market Wizards".
     
    #13     Jul 5, 2016
    Al_Bundy, K-Pia and dealmaker like this.
  4. Metamega

    Metamega

    Be curious to see how it turns out. Listened to him on chatwithtraders and sounded interesting. Only issue I saw was the lack of investors looking at it.

    If I remember correctly their was currently only one guy or group( can't remember) that we're looking to invest and Jack mentioned he might aswell.

    But this was a few months ago and sounded like they we're still working on the legal side of things.

    And I agree Maverick, that would be an interesting book.
     
    #14     Jul 5, 2016
  5. dealmaker

    dealmaker

    http://www.elitetrader.com/et/index...w-with-stock-market-wizard-dan-zanger.300926/
     
    #15     Jul 5, 2016
  6. #16     Jul 5, 2016
  7. K-Pia

    K-Pia

    You're talking nonsense.
     
    #17     Jul 5, 2016
  8. You don't think he got lucky during that 18 months?
     
    #18     Jul 5, 2016
  9. K-Pia

    K-Pia

    Oh maybe. Certainly.
    But not all lucky men make it.
    You can be lucky and totally screw up.
    Luck is having access to an opportunity,
    Like a great bear or a bull market.
    But one has to exploit it.
    Consistently.

    And NOT GIVE IT BACK.
     
    #19     Jul 5, 2016
  10. Maverick74

    Maverick74

    Mathematically, here is how I view luck. Luck is a one off event. Meeting the right girl, bumping into somebody and getting an interview, selling your house at the market top. I define luck as something that is not repeatable. In the case of Zanger, he took 15k to 12 million or whatever it was. He then lost a lot of it back down to 2 or 3 million. But then the guy did it again and ran that 3 million to 45 million. I can't remember the exact numbers, but the 2nd run was more impressive then the first being the dude had really money at stake from the lows. Again, luck is not repeatable in most statistical applications. In fact, with empirical science we generally validate authenticity by the ability to duplicate results. Is it conceivable he got that lucky twice? Sure, after all there are people who win the lottery more then once. However, Zanger unlike a lottery winner is not randomly picking stocks. He earned his second run doing exactly what he did the first time. In my world, his results are validated.
     
    #20     Jul 5, 2016
    murray t turtle likes this.