Hang. If you are right about Nickel, he needs to apprentice himself to Jack to learn how to trend trade. He wants rules? He'll get 'em from Jack! I would even help! What ET needs is a fresh real-time mentoring thread. Nwb doesn't start B-school for a while, he could participate. Get the old gang back. I do miss 'em. Whaddaya say, Nickel? Up to a REAL challenge?
Yes but this #1 fund has lost every single penny of investor money not too many years ago. A strategy that has any chance of a 100% drawdown is not a viable strategy, it is just a matter of time before it happens again. WHy invest in something like this. Whereas the trendfollowers have track records dating back 35 years for some of them and have never had drawdowns even approaching this magnitude. If you read the "education of a speculator" even George Soros tells this "#1 fund manager" that he needs to learn to trade with the trend otherwise he is headed for trouble. This was before he blew up. 5yr Do your research, the only way to trade is with the trend. Ask George Soros. (This is going to create a whole new argument, I love it) All of Soros big trades (British Pound especially) were trend following. So all you naysayers I would just like to thank you for giving me your money, especially Niederhoffer.
Wow, I am speachless....... Great job addressing the issues I brought forth. I never insulted you, and stated only observations of your actions, as well as observations from several years of study on mosly trend-based or volatility-based mechanical systems. Are we getting defensive?
You have yet to substantiate anything, instead choosing to speak entirely from underneath yourself. M
On Wednesday Niederhoffer told investors in three hedge funds he runs that their stakes had been âwiped outâ Monday by losses that culminated from three days of falling stock prices and big hits earlier this year in Thailand. David Henry USA Today (October 30, 1997) 3 days to wipe out 3 complete funds; isn't that proof enough that the only way is WITH the trend?