that explains the 'tribe'...... I shall pose the challenge to you, are you able to name one trader of size, or fund manager who has come back to be ranked near the top in the world after a total blow up?? JG
You're challenge is meaningless, I'm surprised you didnt get the point of my previous point. Why don't you answer my question instead, which poses a real challenge in contrast? Show me dollar recovery returns vs blow up dollars and I will let it go. How large was VN's fund when he blew up in 87' then 98'? can someone post the numbers please. Then how large is his fund now? Anyone? When you are investor, you don't give a hoot that your manager who has lost 50-100% of your money is now back on top. Means jack unless he makes up for the losses AND the opportunity cost of not being invested for a period of time leading into his eventual new fund start up. The odds of VN doing that are slim to none.
As for Seykota, while I enjoy his trading 'advice', I am agnostic as to his 'tribe' dealing, and have no interest in that whatsoever. I am not Seykota's fan, and don't think it's healthy to idolize anyone, even though one cam admire and seek to learn from the best.
To answer jay again. Richard Dennis. And I was in the fund. And I scaled out and saved my ass right before he had about a 50% draw down. Where he had the courtesy to close the fund and give the investors their money back.
i'll define being with the trend, as making money on a trade, and yes, my OIL short trade is doing nicely here. still flat in the DJIA. is richard denis still trading? jay
talking of straight up no pull back trends how about the Bund since late March? this should keep the managed futures index from a dismal may.
Many funds and i-banks are getting f*cked b/c bonds keep going up. Too many shorts are getting squeezed.. lol