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it's a fool's gambit to try to predict the markets. Develop trading methodologies that - act and re-act to market changes; don't try to predict them - are simplistic and tolerable to your risk levels and trading style/abilities It's that simple........then you don't care whether the...

*ding ding* We have a weiner I also did my own 'research' (you'd think I'd have more important things to do like run my fund, but naaaaaaaaaaah :D ) Uh huh. Interesting. up 5M, then happy to be up 1M. Interesting, very interesting :rolleyes:

I have kidnapped the plunge protection team. The markets will tank down 20-30% next week. That is all.

i guess you're shorting now

Winning traders simplify their methodology, not make it retarded. Why not go invest $5M into a stock trading at 1cent - if it ever goes up to 2cents you'll have $10M! ZOMG! What happens if it climbs to 10cents!@@!!!!!! What couldbe simpler than that? Hell, that's how people usually end...

Somehow I manage to grow stupider everytime I log on and read posts here.

come on; everybody on ET makes 200% return a day. Any less is unacceptable :D

Don't forget though that as a smaller trader you have a worst physcological edge against you. Even if your % of capital invested is the same, physcologically, it's harder to trade because you worry about drops in account value...you start with less, you fear with ending wtih less. Even if it's...

Do you ever get the feeling that the majority of ET is a pack of retarded monkeys slinging poo at eachother? I know I can't be the only 1 after reading 3/4 of the nonsense on here.

I don't think that's a reason to. The majority of funds that blow are the ones that use retarded amounts of leverage. Those that survive (and, imho, are in the majority) either use very little leverage or use leverage passively (to invest in "risk-free" exotic securities as long as the...

Who cares; only n00bs try to predict the market. The real masters just act and re-act to current conditinos and don't care up/down/sideways.

that's retarded; sometimes it just isn't in your interest to hedge.

No; all it would add up for the majority of us is increased costs w/ no benefit. If blowups like Amarith are going to happen, they're going to happen regardless of if htere's regulation in place or not. If fraud is going to happen, it's going to happen regardless of regulation...

if you've ever been to one of their recruiting seminars, it's no wonder - the world is full of idiots; i'd wager 95% of the people there believed their claims about making atleast $1/2M per year working from 1pm to 3pm only.

I think your #s are wrong. Each car costs them 80K to build, they sell them for 125-150. Anyways, who fvcking cares - I don't want a car whose battery (or battery cells or wahtever they're called in the electric cars) will cost almost 50K to replace.

it's composed of 3 different parts. the worst individual part monthly drawdown since 1997 has been 8%, the worst global composition (i.e., so the portfolio in its entirety) has been 4 1/2%. Next worst drawdown was 3.X%. Hence how the sharpe is so smooth.

About 75% of my long-term positions are naked (i.e., w/o stops inplace). Working w/o stops is risky, no doubt about it, but w/ proper planning and strategies it's more than doable. Also takes a lot of balls (sic), esp. since we're all raised (atleast I was) that stops are crucial and you'll go...

I'm usually 60/30/10 (long/short/cash)......nothing wrong w/ being long and short at the same time if you know what you're doing and why you're doing it

Is it me, or does everybody on ET know somebody who makes a gajillion dollars a day with almost no drawdown doing stuff that's normally near-impossible, lol

I don't know about elsewheres, but in Canada mutual funds can fall under a hedge fund classification so they can both short and use leverage. I should know since I manage one, heh.