The was an excellent interview with him in the back of Futures magazine. If it wasn't Futures it was SFO can't exactly remember which. He explain his methods what gets him in trouble and how he goes about making changes. He does have a pedigree of training with major market firms so he has seen the good and the bad and keeps on ticking. The one thing I take away from the historical data is after very large drawdowns whether they occur quickly or over several months the three or four months after the drawdowns usually have a good percentage run. If I remember correctly he uses reversion trading across many markets and so the recovery most times. Oil bit him in the butt this time. Getting in after major draws come be profitable most years. Just stay away from being in the fund during March. lol Only one winning March during the life of the fund. Either way he is a registered CTA and doesn't mince words when he screws up. Takes his hits and immediately fesses up to them. Wish his risk management was a little better. Seems to let some positions represent to much of the fund. fwiw Bsulli
Just trying to understand your math and returns exceeding a risk free rate of return or a correlated index. And the distribution of your returns over that timeframe and trades as well. I am surprised that's all you have after having a 10,000% gain on one trade. A $100 investment would account for 1/3 of your gains if I read you right. I am not advocating buying funds or trading but trying to understand your actual returns based on your initial $200,000.
After closer examination I see stoney has say in over $9,000,000 in straight stocks. Ok, so you put $1,000 in that 10,000% gainer. Someone has to win the lottery. I still don't see how this makes you nothing more than lucky and in no position to judge other's returns much less understand them.
Oh my god I'm the one stoned! I rarely ever get in a spitting match about such stupid things as idol worship but in your case for whatever reason I'm making an exception. I never said I made 10,000 % on a trade I was mocking comparing a futures kill to nailing a good stock pick, as dear Schindler does on his web site. You know what a lot of folks are defending this cat and he has had experience in the industry... so god bless maybe he is a straight shooter and if that is the case we need more of them. I don't want to be the anti- Schindler poster! I'm always talking in more general terms, I've seen a lot go on in my day... I was going through my own math and I realize I should clarify that my living expenses have only been this elevated since I have been married! And for a great many years I lived on $50K a year. If I can live my life and put $100K in the bank I feel it's been a great year. I'm not competitive and lack killer instinct. Year after year I've done that, after year after year sometimes $140K sometimes $110K. All my research, my picks. Distressingly, in some of the easier years I had some of my more modest returns; I seem to do well when stock picking really counts.~ stoney
I'm not too sure that "winners will always compliment or keep quiet" but this thread has sure shown a real bifurcation between the wannabe but can't do it losers and the been there, found a way to be successful winners. Interesting dichotomy which correlates quite well w/ conclusions drawn from other threads... R
You never cease to amaze me with your stupid comments. Do you even understand the concept of uncorrelated returns? BTW, how did QQQQ's do in 2002? The Schindler fund was up 96%.