no, what they do is succeed for awhile, then blow out in spectacular fashion when they try to find the turn in that inevitable huge directional move only a matter of when, not if... and those who martingale = add to losers die the fastest fiscal deaths of all
This is what happened to a lot of the fixed income shops here in Chicago. Almost all of them were trading mean reversion on the yield curve and they got blown out. Worked for many years. The FED certainly didn't help matters by buying up all the cash paper out there. I heard Mr. Gross played a big part in that as well.
Traders who make money in tight range know how to trade the directional move, that´s it.... think about it ht eagle 11
I'm shopping it around now to the big outlets like WSJ -- if I don't get interest I'll move downward, finally I'll self publish worst case. Surf
yeah, i am pretty happy with it--- hopefully they "get" my points..... Looking forward to seeing Rolfe and his friend on Sunday--- should be fun.
well, the way things are now in the fund biz, fast money who refuses to a lock up, and if you don't agree the 10m goes elsewhere- and no managemt fees----leaves all but the most established managers in precarious positions--- but anyway, has anyone from elite passed the Combine yet? surf
I asked you a question and you give me an update on the current hedge fund environment? A few pages back you argued that a guy swinging CL off chart studies is nothing like the well capitalized traders who spread instruments or use structural edges i.e. hedge funds and now you are using the same premise to support the opposite argument? You have writing skills but let's apply some logic shall we.
show me one... and I certainly don't mean some inane market calls thread here in ET. That's less than worthless. I'm talking about visual proof of a mean-reversion futures trader. All that I've ever seen do real well for awhile, until one fine day when an extended trend period sets in and they eventually wage war in losing fashion. Game over.