Market Wizards

Not sure how much Tudor Jones' trading was based on reading the macro trend. But who knows?

http://www.elitetrader.com/vb/showthread.php?s=&postid=397436&highlight=tudor+jones#post397436

 

And here we have Trend Fader, once again talking out of his ass about things that he has no freaking clue about!

For someone that has never even met Paul Jones, or known anyone on his staff, I find your analysis of his track record to be pretty bizarre. Who are you to say that he was "just lucky"??? You have no idea what his track record was during inflationary times, or deflationary times, for that matter.

As for your analysis of Warren Buffet . . .
More garbage. Buffet buys companies. Period.
He does not trade, and is not a trader. To try comparing Jones to Buffet is absolutely absurd. Apples and Oranges.

So far, your track record is PERFECT Trend Fader!
Not one intelligent comment made on this board.
Congratulations!

 

Only stupid system traders are vulnerable to this.
Good system traders have many objective measurements
for their system "behavior" and watch for changes in behavior
like a Hawk.

Markets dont "change" over night in a single day.
Edges take time to fade. If your stupid enough to keep trading
your "fixed" system, as the statistics get worse and worse
and worse, while re-tuning does not help, then what can
I say. Your clueless.

However... a good system trader will spot the market changes
with objective statistics backing him, and will know when to
take it offline before it really hurts him.

If markets start changing at such a fast pace that all systems
burn out very quickly, then the markets arent worth trading
any more.


peace

axeman

 

nasim taleb from empirica capital would agree with you.

surfer

 

IMHO Nassim Nicholas Taleb overemphasizes the importance of luck that plays a role in one's success.

 

i heard a little rumour that empirica is having difficulties.

 

It's just bad luck

 

yes, bad luck.

 

I'm no wizard but I have found 4 rules to the market. One of them was taught to a Indian man from AdvancedGet that later sold the technique to eSignal. I've found the market cancels it out now though. Like the market is a thing consuming ideas and rules.

My other three still work. I dont train because of fear that someone will take the idea. I trade it myslef and publish the results.

Maybe when I'm older I may write the book. But not now.

 

Thanks for letting us know all about your impending book deal.
Please let us know when it will be coming out.

I'm sure that most of us can't wait!