Many if not all were neophytes. Their backgrounds before being hired are a matter of record. The only Turtle with substantial trading experience was Rabar. If you want to debate 'neophyte', fine, but they had no experience in the trading they were trained in.
Every single candle bar that is considered a reversal bar is a trend on a lower time frame. It is not a matter of whether u trade trends, it is a matter of how quickly u spot the trend u trade.
Yeah, I believe VN whined and cried that it was the guys in the SP options pit who caused him to go under. I think he even tried a lawsuit vs the CME. Pretty hilarious.
My earlier comment was in connection with marketsurfer's ongoing defense of everything Niederhoffer (of the Victor variety). I'm not prepared to comment on Buffett's performance because his time frame is outside of my experience and context. However, there is no denying the man's genius in the fullness of time. I am also not denying Dennis his due, although he is obviously not in the same league as Buffett and had his own notable stumbles. However, I am prepared to comment on marketsurfer's sycophantic adulation of VN. And so I do. On a risk adjusted basis, VN's trading performance does not compare well with many of the people marketsurfer incessantly criticizes. No one disagrees that, all else being equal, a higher return necessitates a higher level of risk. However, what marketsurfer fails to accept or recognize is that all else is not equal. Demonstrably, VN's risk was more outsized than the return that such risk generated.
Regardless of the outcome I find it hilarious that the guy gets destroyed using the most basic of basic tactics and then blames the same guys he needed to do these trades over the years. Even funnier, years later implementing the same strategy he blows out once again and losses all his friends/families money. I guess all those people invested with the wrong Niederhoffer. I guess you are bored since you can't suck off that Doug Allen guy anymore huh? What is your purpose on here besides acting like a complete jackass?
In the end one very important thing matters. People who invested with Neiderhoffer lost everything not once, but twice. People who invested with JWH, Dunn, other TF's, are extremely pleased with the results over the long term and still have had GREAT returns. Most importantly, still have their money and then some. Surf is blind to the obvious. The numbers dont lie. You really can't compare VN to any fund that is still going.
nooooo. Being forced to liquidate due to collusion in the Pitt is nothing to worry about. It doesn't matter does it? Chucklehead! Doug Allen funds traders. What do you do?
Too funny. You actually believe it was the pit guys who knocked him out. I guess every loser trader can use that excuse.