He was stopped out of a short put position for a large loss the morning of MLK Day when Societe Generale was dumping their futures position. The Schindler Fund is no longer being offered and they are no longer publishing results. He will be offering a new program in the future.
Sounds like the #1 solution when you blow up: Close the fund, pay remaining investors back 20 cents on the dollar, find a new name, start from zero with a clean empty track record and claim you have "15 years experience managing money and the 'new' fund is an extraordinary opportunity to capitalize on the managers outstanding trading experience".
first, this is speculative, i have no idea if its correct, but if it is: why are you surprised? he worked with monro@ tr@ut, who worked for nied@rhoff*r. surf
Was he short naked on MLK limit down night ? How did he blow up on the spike up if he was short puts ?
here is the transcript of a chat i had with schindler a few years ago, should shed some light on his ideas/methods: http://www.schindlertrading.com/include/content/Real_World_Trading_interview.pdf surf
I don't see a logical progression, as Trout never shorted puts, afaik. If so, it abrogates common sense?