Touché. Your current ES trade is certainly helping the financial community at this moment, and I have no doubt that the beneficiary on the other side of that trade is grateful for your philanthropic efforts.
Shouldn't you get back to oiling marketsurfer's machine? http://www.elitetrader.com/vb/showthread.php?s=&postid=3111626#post3111626 As an aside, I think my posts in surf's journal actually do add value. Evidently, however, my attempt to impart some elementary logic didn't quite take.
What does that mean? Not an ET jargon insider...so the term vendor to me means anyone who makes a dollar in this world. Everyone is vending something (or started out that way) and some do it better than others.
Nobody really knows what exactly goes on behind the walls of Rentech, but he is rumored that they use Statistical Arbitrage systems.
Can't promise his full arsenal of weapons, but guaranteed pieces of it are systematic trend following.
If you are interviewing a "trader" who is also a vendor in the trading sphere, then I expect it will have certain infomercial qualities that would cheapen the value of your book. This would not be the case if the guy didn't also just happen to potentially have something to sell to the reader. I'm sure you understand. That's why the Market Wizard books were so good at least insofar as the trader interviews were concerned. I gather by your response that your book will comprise or include such trader/vendor interviewees?
I don't believe Covel has ever published an interview with a "vendor" as defined on ET. You mean guys that sell pretty charts claiming to have cracked the market code, right? Unless you call hedge fund managers "vendors".
No, I do not regard hedge fund managers as vendors for the purposes of this discussion. Trading seminar and course vendors, "mentors" who charge for their services, and subscription newsletter writers would fall under the vendor category in the context of this discussion.
Ok, then based on my reading, I have not seen Covel publish an interview with a vendor. I highly doubt the new books will discuss vendors, unless its to expose them....Chris Hanson style.
The 10 criticisms a day you post on Surf's journal are just an effort to freeload on the reputation, goodwill and name-recognition he has accumulated over the years. If you had constructive trade ideas of your own, you'd create your own journal. Then, if you drew the level of readership Surf does, you'd be a somebody -- rather than a nobody pressing his nose against the window looking in on Surf.