What are the largest fortunes ever made by INDEPENDENT traders?

It was a mid-level GS guy who told me that those in a position to know thought he was the best. True? No way to know and I do not claim to know. But I can tell you that I'm not going to assume that just because he was a crook that he had no talent. That is just a foolish way to think.

 

Or work on completing a ddoc.

 

Well, that and not actually having a profitable trading method.

You apparent lack of any trading skills whatsoever is a bigger impediment than any position limits. I have been tracking your models for years on Collective2 and now on CoVestor. I don't see any improvement over time.

A month or so ago you confidently predicted you would win the Robbins World Cup Trading Championship. I check the leaderboard for that contest weekly, yet never see your name:

http://www.worldcupadvisor.com/worldcupchampionships/default_nwcc2.aspx

First, find a winning trading method. Once you've got that, then you can start to worry about position limits.

 

I suppose if you had a large income from madoff every month then you could average losers or pyramid winners knowing you had the cash flow not to worry.

 

I became a World Cup Advisor, and would be in the top 3 with the model I have for them.

The returns are quite large. I may not be in the contest as I had thought but the trading I did during incubation left them no choice but to offer my model.


*********NEWS FLASH FOR KEVIN SCHMIT*********

I HAVE SEVERAL PROFITABLE METHODS

 

He was clearly a very talented crook, talented trader I am not so sure................

 

8 figures with a 50k account? You sure do have high goals. But...if you have some holy grail how come only 50k in your account? If it was really a good scalable strategy you would be trading a lot more no?

 

I'm doing enough at 27 just to have that much proprietary capital. I started trading in November, and as we were working out what the best versions of our models were, trading futures just so we have the minimum 3 month track record the NFA requires you to have rather than work on formatting compliant hypothetical results.

 

Wow, you started when I did, but I've doubled my money in that period of time. How about you?

 

You started out minus 50%, and you can't have it both ways. Doubling after minus 50% means you are breakeven, so quit lying.