Yes...20% of PROFITS which means the better he did...more he made. He wasn't one of these 10 billion dollar funds that made 4% a year while collecting 2% of AUM. He was the farthest thing from an "asset gathering machine". What about asking people who invested in VN right before he imploded? At the end of the day, if you look at since inception, JWH investors did MUCH better than VN's. Actually VN's did worse...could have lost all fo their money TWICE.
Yes, a longer term trader. this begs the question, are trend followers traders or buy and hope investors? Guys like JWH and Dunn have massive drawdowns but just keep on holding and hoping things turn around--having enough money to hang in there, fortunately for them, things do turn often-- but, man, what a way to invest! surf
VN is a tiny fish compared to the behemoths like JWH-- but he is much more of an actual trader than any trend following buy and hoper. surf
You should really ask him to join the Combine... But seriously, I would like to see these big names given a small account and see what they can do in a month.
That would be interesting! But VN is way too busy managing his millions and setting up his next move into the markets. surf
"The best medicine" 1. Leading indicators are trend lines, s/r or any other fractal boundaries 2. "Events" are the intersection of price to these boundaries 3. "Granularity" is the zigzag nature of price action - never straight, never a continuous curve, no matter what time frame 4. "Failure to Traverse" is itself an event, although I haven't figured out the leading indicator for it yet
Hi Icarus, Thanks for that suggestion. It looks like Mr. O'Neil is more focused on investing than trading. Do you know if he is posting his trades in a particular place open to the public? I see his newspaper online via http://www.investors.com/default.htm?fromad=1, but not a place where he is posting his trades or thoughts about trading on a daily basis. Evan
Hello Again, Jack Hershey, It's true I'm working on research, but not as a research organization. I'm simply looking for people with defined trading styles, who share, or are willing to share, their process and points for entry and exit, so I can test if our own proprietary indicators can help improve the success rates of their trades. Since we have developed and patented the first ever technology able to deliver, track, process and record Level II and Level IV⢠data for up to 1,000 symbols simultaneously per user... and as we can record the same for over 30,000 symbols on the server side... it's giving us a unique opportunity to explore just what can be done with this data. So far, we are finding our proprietary indicators are offering unprecedented confirmation tools for the early adoptors/traders using them. For example, our "Insiders Montageâ¢" counts in real time, for each Symbol and Market Maker, how many times today and in the last 3 minutes, they have been first, following, or last at a new Inside Bid or Ask. With Level II, Market Makers can hide their volume, but not their presence on the Inside Bid or Ask. However, the data changes faster than eyes can track or monitors redraw. Still, the data is there, and for the first time ever, it's being counted in a variety of ways with these indicators. We are learning that by counting these bid/ask refreshes, we can track pressures in an entirely new way. With people using trend-line analysis of various sorts to determine support and resistance, often times the biggest question relates to whether that support or resistance will maintain, or be transcended. It's uncanny to see how clearly our tools answer that question in real time, for either a single symbol, or a list. Our team started with people who did trade, trying to make better tools for for traders. They've been working so hard and long in developing this technology, they can no longer call them selves traders. That's why we are focusing on this quest for successful traders to test the technology upon. I'd still love to talk by phone if you were willing, as I must admit some of what you type is too cryptic for me, though I can see you are well respected here, In any case, it's fun to read all the discussion and debate generated so far in this thread. I'm certainly expanding my own horizons! Thanks Again,