I am not sure they are selecting on trading style. May be more on returns as well as consistency. Anyway, his approach is good. I suppose as many investors have lost money with shops housing 'traditional recruitment routes of traders', they might have decided they just want people who know how to trade - aka make money. So they are widening the nets as wide as possible. In a way, how ridiculous some investors might feel if they invested serious funds that got lost, and they hear of some traders out there making money ( from the Japanese housewives raking in +$10k/month , to some living off their trading income etc... ). During this time, they have trading shops losing their money.
Thanks for sharing, Helmholtz. Doesn't scalpers transact high volume in a liquid market? Surely they may do more than one lot per trade, no? Let me know when anyone on ET run into liquidity issues scalping the ES.
==========I see your points. HTF managers, HTF charts suggest they did better years ago; but probably still some opportunity;sounds like millions more than billions. Good for them, they provide liquidity; and i prefer longer-time trends Been trying to buy Jack Schwager Hedge fund book, for about 52 weeks ; finally got a good bid,Amazon today,LOL About 50% off;good numbers
Nominate Nod's post for the best post of the year/decade! In order for Jack to have my agreement, there are certain conditions I have ( such as sharing in book proceeds, the honoring of rights such as the right to comment on his past interviews with others such as George, etc).