stick to your saving account and mutual funds. let the professionals worry about managing OPM for outsized returns for those who understand and embrace risk. it's clearly not for you surf
...and on the 3rd side of the coin there are those who just neutrally OBSERVE things. Here are 2 observations of mine, without comments: 1. Between 92-96 Victor's fund had an average 35% return. The S&P in the same 5 years period went up 80%, or on average 16% per year.... 2. Between 2004-2006 Victor's fund had an average ~36% return. The market was up 26% in the same period or 9% per year... So it seems... but didn't I say no comment?
What's the biggest hit you've ever taken in a day? Do you trade 2000 cars at a whack? You only wish that you had the stones to even step up to the plate instead you waste the time of others making 10,000 posts to this forum. Everyone here might give Vic a hard time, but he still puts out a bigger line than 99.9% of the posters on ET.
How curious. You quote my early post and then proceed to write a complete non sequitur. Are you and surf neighbors and perhaps share the same drinking water?
And soon after, he blew up. What was the net result? And soon after, he blew up. What was the net result? However, he claims to be the greatest trader of his time or some such.
Fine. However, it would be interesting to know how he did in percentage terms on a net basis after factoring in the blow-ups. Surely you will agree that such an all-encompassing number would be more representative of his true performance than limiting performance claims only to the good years where the mega risks undertaken had not yet come to fruition. And so, what is the net result in percentage terms?
Really Surf? What about the ones who were unfortunate to be in his fund when he went up in smoke? Did they make more than they lost. Surf your argument defending his returns is weak. The guy lost everything.....TWICE. The end result is what matters here. It's like a trader who makes money Monday to Thursday, then blows up his account and has nothing left on Friday. Nobody would call him a success.
Not true. Here at ET, there would be any number of people who would declare that, between Monday and Thursday, he was the greatest trader of his generation.