I traded with a former associate of hers who told me things with respect to day trades which I consider to have been divulged in confidence and will strictly observe. I DO respect her research and ideas. That's my only comment as to LBR.
Do you think pretty much all of the old timers in Market wizards are no longer making money? What about other old timers like Jim Simmons has he stopped making money too?
I respect Jim but he would have no idea how to trade stocks right now, and he said so. Having a team of scientists developing computer software has nothing to do with manual trading or teaching people how to trade, and actually validates the whole point that no old timer can manually trade or teach anyone how to trade. Unless Jim Simmons’ team would be willing to teach you how to build trading algorithms. I’d sign up in an instant.
in the below thread LBR says Educators, bloggers/ vloggers would not be doing what they do if they could make $ trading. Following aGuru is a losing game. Listen after minute 40:00... https://www.elitetrader.com/et/thre...e-fund-veteran-linda-bradford-raschke.299601/
Someone paid him seven figures to license his name and they indemnified him against any responsibility.
Part one is a rather narrow definition of financial products, for you to then use to conclude part two.
It may be possible, there are some successful prop firms. But I don’t hear about old-timers anymore, big trades, big years they’ve had, etc. Now they only want to teach. I’ve seen at least one of them in an interview taking about surviving big drawdowns years ago, which now wouldn’t be possible due to regulations. That’s just one issue, while trading conditions have also changed. Some great traders I follow seem to be trading penny stocks and volatility - different stuff than the old timers, maybe except for Tim Sykes if you’d include him in that group. There are also some niche markets, but they don’t teach/train great edges that still remain there. So at least I still don’t see great traders teaching.
My mistake. Still, plenty of speculation about great old timers from Market Wizards, so which ones are currently still making those great trades, having great years, and without a need to teach?